LOS ANGELES, Jan. 17, 2017 /CNW/ -- ACCESSWIRE
-- Airborne Wireless Network (OTCQB: ABWN) and Air Lease
Corporation (NYSE: AL), today announced they have entered into a
Memorandum of Understanding with regards to a strategic marketing
partnership for Airborne Wireless Network's proposed broadband
wireless network, trademarked as "Infinitus Super Highway™."
Airborne Wireless Network is developing its "Infinitus Super
Highway™," which contemplates providing a high-speed broadband
airborne wireless network by linking commercial aircraft in flight
as repeaters, which will send and receive broadband signals from
one aircraft to another.
Under the terms of the agreement, Air Lease Corporation will act
as the exclusive marketing agent and use its extensive network of
airline customers to market the "Infinitus Super Highway™" to
multiple airline customers throughout the world.
Jason T. de Mos, Vice President of Business Development and
Aviation Compliance said, "Air Lease Corporation is one of the
world's largest aircraft leasing companies. We are excited
that they are on board to market our system to their worldwide
airline customers and to introduce us to manufacturers such as
Boeing and Airbus with the goal of having our equipment pre-wired
on new aircraft. Our collaboration will be a big step toward
making our vision a reality, as we believe our airborne digital
highway is the logical solution to fill the world's connectivity
void. This partnership is a perfect fit for our strategy and
will contribute significantly to the future of Airborne
Wireless."
About Air Lease Corporation (NYSE: AL)
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline
customers throughout the world. ALC and its team of
dedicated and experienced professionals are principally
engaged in purchasing commercial aircraft and leasing them
to its airline customers worldwide through customized aircraft
leasing and financing solutions. For more information,
visit ALC's website at www.airleasecorp.com.
About Airborne Wireless Network (OTCQB: ABWN)
The Company intends to create a high-speed broadband airborne
wireless network by linking commercial aircraft in flight.
Each aircraft participating in the network will act as an airborne
repeater or router, sending and receiving broadband signals from
one aircraft to the next and creating a digital superhighway in the
sky. The Company intends the network to be a high-speed
broadband internet pipeline to improve coverage connectivity.
The Company does not intend to provide retail customer coverage to
end users, but, instead, act as a wholesale carrier with target
customers, such as internet service providers and telephone
companies.
Currently, the world's connectivity is achieved by use of
undersea cables, ground based fiber and satellites. The Company
believes that the Company's airborne digital highway is the logical
solution to fill the world's connectivity void. Once the
network is developed and fully implemented, its uses are virtually
limitless. The Company's network, once developed, should
provide low cost, high-speed connectivity to rural areas, island
nations, ships at sea, oil platforms, in addition to connectivity
to commercial and private aircraft in flight.
For further information see: www.airbornewirelessnetwork.com
Notice Regarding Forward-Looking Statements
This
release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995. These statements are based upon the
current beliefs and expectations of the company's management and
are subject to significant risks and uncertainties. If underlying
assumptions prove inaccurate or risks or uncertainties materialize,
actual results may differ materially from those set forth in the
forward-looking statements.
Risks and uncertainties include, but are not limited to,
availability of capital; the inherent uncertainties associated with
developing new products or technologies and operating as a
development stage company; our ability to raise the additional
funding we will need to continue to pursue our business and product
development plans; our ability to develop and commercialize
products based on our technology platform; competition in the
industry in which we operate and market; general industry
conditions; general economic factors; the impact of industry
regulation; technological advances; new products and patents
attained by competitors; manufacturing difficulties or delays;
dependence on the effectiveness of the company's patents; and the
exposure to litigation, including patent litigation, and/or
regulatory actions.
Contact:
Robert
Haag
IRTH Communications
Phone: +1-866-976-4784
ABWN@irthcommunications.com
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SOURCE Airborne Wireless Network