Airborne Wireless Network (OTCMKTS:ABWN)
Days after announcing the signing of a software development agreement with Thinking Different Technologies, Airborne Wireless Network (OTCMKTS:ABWN) was down 2.44% in Monday’s trading session. The company expects the collaboration to accelerate the development of its command control software modules for its Infinitus Super Highway.
ABWN High Speed Broadband Project
Airborne Wireless Network (OTCMKTS:ABWN) is a development stage company focused on the development of a meshed network. The company is planning to create a high-speed broadband airborne wireless network by linking commercial aircraft in flight. Each plane participating in the network will act as a router for sending and receiving broadband signals – in essence, creating a global, low-level satellite network constellation that can cheaply provide global internet access anywhere a plane flies near.
The proposed technology, according to Vice President of Business Development and Aviation Compliance, Jason T de Mos, has the potential to take connectivity beyond current limitations. The proposed network also has the potential to lower cost while ensuring high-speed connectivity to rural areas as well as island nations and ships at sea.
The proposed high-speed broadband will act as an alternative to undersea cables, ground-based fiber, and satellites currently in use to provide broadband signals. Airborne Wireless Network (OTCMKTS:ABWN) believes the proposed digital highway has the potential to fill world’s connectivity void.
Airborne Wireless Network (OTCMKTS:ABWN) has already completed its proof of concept flight tests in Roswell, New Mexico. The tests were conducted using two Boeing 767s and a temporary mobile mast system. Results for the tests are to be posted once all the data has been compiled from all participating partners. The tests come on the heels of the company receiving an experimental operating certificate from the Federal Communication Commission for the ground and flight test
Airborne Wireless Network (OTCMKTS:ABWN) expects the TDT collaboration to lead to the development of a software for managing a radio frequency-meshed network control and associated ground connectivity.
“Our collaboration with TDT should provide the highest quality of engineering of our software development. With this agreement, we can utilize TDT’s expertise to deliver an entire model portfolio with speed and execution,” said CEO, Michael Warren.
Airborne Wireless Network ended Monday trading session at $2.40 a share as it continues to trade in a $2.40 to $2.56 trading range. The stock has a 52-week low of $0.25 a share and a 52-week high of $4.07 a share.
I have a position in the stock mentioned. I have no plans to initiate any changes to my positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.