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| Headline |
Enabling mobile phone usage for airline passengers |
| Investment Stage |
Early-Stage
Private Placement |
| Sectors |
Electronics - Aeronautic
IT/Internet - Consumer Systems
Telecoms - Mobile
Telecoms - Satellite
Transport/Distribution - Air |
| Deal Value |
10,000,000 |
| Currency |
Australia - Au$ |
| Country/Region |
Asia Pacific Australia NSW |
| Summary |
New technology enables airline passengers to continue using mobiles while airborne at minimal cost.
Our client has developed a unique IP’d solution to the requirement to turn off mobile phones (or switch to flight mode) in aeroplanes. The technology allows full mobile functionality to be maintained and our client holds the exclusive license to develop and commercialise the technology which will enable low cost SMS, MMS, Plus Chat and Text Email globally for airline passengers.
The technology releases the mobile phone from the global roaming cellular network and uses data links to connect via low cost satellite networks into the internet, so no mobile phone roaming charges are incurred. On a corporate jet the technology connects the mobile phone to the aircrafts existing satellite phone link for voice calls.
Not only does this breakthrough technology provide inexpensive communications, it also turns the mobile phone into an onboard entertainment system. Passengers can download music and video clips, plus retrieve the latest news and destination information. Other applications are approaching rollout and will be revealed on receipt of a completed NDA. The technology is progressing through global IP protection which will allow the company to be more liberal with their disclosures.
In summary, the technology creates a new enhanced communication channel for mobile phones, agnostic to service provider, contracts, whether the mobile phone is “locked” or “unlocked” or even whether the mobile is fitted with a SIM card. All these features are provided without interfering with the mobile phone’s operations.
The technology is developed, proven and now in the global IP process. Company now raising $10m as debt, equity or a mix of both to pursue global market opportunities. QUOTE REF 1016
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