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    IPTK   US00214P1066

AS-IP TECH, INC.

(IPTK)
Delayed OTC Markets  -  10:29:13 2023-01-30 am EST
0.0700 USD   +16.67%
2022AS-IP TECH INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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2022AS-IP Tech, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2022
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2022As-ip Tech Inc : Entry into a Material Definitive Agreement (form 8-K)
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AS-IP TECH INC : Other Events (form 8-K)

08/19/2020 | 06:05am EST

Item 8.01 Other Events. AS-IP Tech, Inc. (ASIP) has been advised by its licensee, PT. Jalin Angkasa Indonesia (JAI) that it has entered into an In-flight Connectivity Implementation Preliminary Agreement with PT Citilink Indonesia (Citilink).

JAI and Citilink intend to install connectivity equipment owned and managed by JAI, on an Airbus A320 operated by Citilink, for a trial period of 90 days in order to evaluate ASIPs fflya system and program.

The Bluetooth fflya platform is the only ultra low-cost alternative to Wi-Fi, specifically designed for low cost and regional carriers, capable of supporting free passenger messaging, crew communications, inflight e-commerce, interactive airline promotions and telemetry data acquisition.


The evaluation will be implemented in three stages:
1. ground;
2. in-flight messaging; and
3. in-flight interactive.

On completion of a satisfactory evaluation, JAI and Citilink may agree and formulate a detailed program specification and fleet implementation plan to be stipulated in a separate agreement.

Under the licence ASIP has granted JAI, ASIP will receive commissions from the net revenue generated from any fflya program with Citilink.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2022 - - -
Net income 2022 -2,16 M - -
Net Debt 2022 1,48 M - -
P/E ratio 2022 -8,78x
Yield 2022 -
Capitalization 19,8 M 19,8 M -
EV / Sales 2021 663x
EV / Sales 2022 -
Nbr of Employees -
Free-Float 60,2%
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Managers and Directors
Ronald John Chapman Chairman, President & Director
Philip Andrew Shiels Chief Financial Officer & Director
Graham O. Chappell Director
Adam Chapman Vice President-Marketing Services
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