Gogo 5G Remains on Track for Expected
Commercial Launch Later This Year
DALLAS, March 21,
2024 /PRNewswire/ -- (AEA, Booth #813) – Gogo
Business Aviation (NASDAQ: GOGO) today announced that it is now
conducting virtual flight simulation testing of its 5G software and
expects to deliver Gogo 5G later this year.
Utilizing an advanced virtual flight simulator, constructed by
Gogo's radio frequency (RF) engineering team, Gogo is emulating the
radio channel in the airborne environment to verify the Gogo 5G
software to a more than 90 percent confidence level. The technology
enables end-to-end 5G system testing ahead of schedule and helps to
mature the software at a faster pace before flight testing
begins.
By leveraging proprietary information and flight data, Gogo can
check performance of the radio frequency, taking into consideration
factors like doppler, altitude, flight routes, angle of approach,
beam-forming technology and other parameters, all critical factors
to understand as Gogo optimizes the 5G service and onboard
connectivity performance.
"The virtual flight simulator our team has constructed is an
example of what we do best: innovate," said Sergio Aguirre, president and COO for Gogo. "Our
teams have designed a phenomenal method for validating and maturing
our 5G software and hardware to a critical degree before the final
5G chip is in our hands."
Once lab testing is completed, the 5G software will be flight
tested using Gogo's Challenger 300 testbed and the already-deployed
Gogo 5G network. To explore more information about Gogo's
state-of-the-art virtual flight simulator lab and an interview with
a member of Gogo's RF team, visit Gogo's website.
About Gogo
Gogo is the world's largest provider of
broadband connectivity services for the business aviation market.
We offer a customizable suite of smart cabin systems for highly
integrated connectivity, in-flight entertainment, and voice
solutions. Gogo's products and services are installed on thousands
of business aircraft of all sizes and mission types from turboprops
to the largest global jets, and are utilized by the largest
fractional ownership operators, charter operators, corporate flight
departments and individuals.
As of December 31, 2023, Gogo
reported 7,205 business aircraft flying with its broadband ATG
systems onboard, 3,976 of which are flying with a Gogo AVANCE L5 or
L3 system; and 4,341 aircraft with narrowband satellite
connectivity installed. Connect with us at www.gogoair.com.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, without limitation, statements regarding our
business outlook, industry, business
strategy, plans, goals and expectations
concerning our market position, international expansion, future
technologies, future operations, margins, profitability, future
efficiencies, capital expenditures, liquidity and capital
resources, and other financial and operating
information. When used in this discussion, the words "anticipate,"
"assume," "believe," "budget," "continue," "could," "estimate,"
"expect," "intend," "may," "plan," "potential," "predict,"
"project," "should," "will," "future" and the negative of these or
similar terms and phrases are intended to identify forward-looking
statements in this press release.
Forward-looking statements are based on our current
expectations regarding future events, results or outcomes,
including the launch of Gogo 5G. These expectations may or may not
be realized. Although we believe the expectations reflected in the
forward-looking statements are reasonable, we can give you no
assurance these expectations will prove to have been correct. Some
of these expectations may be based upon assumptions, data or
judgments that prove to be incorrect. Actual events, results and
outcomes may differ materially from our expectations due to a
variety of known and unknown risks, uncertainties and other
factors. Although it is not possible to identify all of these risks
and factors, they include, among others, our ability to develop and
deploy Gogo 5G; our ability to deliver the expected performance
capabilities of any new technology, including, without limitation,
Gogo 5G; and other events beyond our control that may result in
unexpected adverse operating results.
Additional information concerning these and other factors can
be found under the caption "Risk Factors" in our annual report on
Form 10-K for the year ended December 31,
2023, as filed with the Securities and Exchange Commission
on February 28, 2024 and in
subsequent quarterly reports on Form 10-Q as filed with the
SEC.
Any one of these factors or a combination of these factors
could materially affect our financial condition or future results
of operations and could influence whether any forward-looking
statements contained in this report ultimately prove to be
accurate. Our forward-looking statements are not guarantees of
future performance, and you should not place undue reliance on
them. All forward-looking statements speak only as of the date made
and we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Media Relations
Contact:
|
Investor Relations
Contact:
|
Caroline
Bosco
|
William
Davis
|
+1
312-517-6127
|
+1
917-519-6994
|
cbosco@gogoair.com
|
wdavis@gogoair.com
|
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SOURCE Gogo Business Aviation