Importance of Technological Development in Times of Pandemic – AdvanceTC, Satellite Smartphone Innovator, Seeks Nasdaq Listing | Taiwan News
KUALA LUMPUR, MALAYSIA – Media OutReach – August 27, 2021 – Global development disrupted by the Covid-19 pandemic, Advance Technology Innovator (AdvanceTC) as part of the satellite technology industry chain, stands firm with development plan and aims for listing on the Nasdaq capital market by the second quarter of next year.
Highlight of AdvanceTC | Interviewed by BC WORLD NEWS CHANNEL LIVESTREAM
Video link: https://v.qq.com/x/page/h327198k9zl.html
AdvanceTC Director of Marketing Sdn Bhd Lim Seh Jiang (left), Chairman of AdvanceTC Limited Lim Hooi Beng and Director of Marketing Dr Ang Kong Hiap present the company’s mobile satellite phone .
The IPO funding will be used for the mass production of satellite smartphone products.
The new standard under the Covid-19 pandemic has changed the global operating model and the mindset of humans, further emphasizing the importance of satellite technology and development. Due to the current technological development, AdvanceTC has more strength and time to prepare for the enrollment plan.
AdvanceTC Director Jiang Lim said, “The outbreak has slowed global operations, but AdvanceTC remains firm in aiming to be listed on the Nasdaq stock exchange by the second quarter of 2022.”
The company is currently dual listed on the Australian National Stock Exchange (share code: A88) and the US Over-The-Counter QB (OTCQB) market. The US OTCQB Venture Market is for US and international companies that are in the entrepreneurial and development stage.
According to the valuation report by professional expert, Roma Appraisals Limited, the market value of the company was approximately US $ 3.015 billion as of May 26, 2021.
For the Nasdaq listing plan, AdvanceTC now interacts with international players in the financial sector, helping to increase the visibility of institutional investors to participate in the future growth of the company.
Recently, Special Purpose Acquisition Companies (PSPCs) have become a popular option for listing, but PSPC listing has fewer advantages for AdvanceTC. The business could independently list on the NASDAQ stock exchange with a market value, which demonstrates the strength of the business.
After the US stock market trended higher, markets worried about adjustments and bubbles. Jiang Lim believes that there are three major industries that will remain optimistic, namely communications, new materials and the energy sector.
Focus on the blue ocean market, bringing security to the pockets of at-risk groups
Focusing on the blue ocean market, AdvanceTC will use the funding raised from the IPO for the serial production of the Xplore X7U satellite smartphone, which will be available in September this year, as well as the production of the Xplore X8. , a product with additional satellite data functions. . The X8 comes with walkie talkies and also makes calls via the satellite function.
“None of them in the market can make a product, with the combination of satellite phones and smart phone functions. Only we can do it. That’s the strength of our business.”
“In Touch” is the company slogan of AdvanceTC, which means “love and touch”. The pockets of high-risk industrial groups can always stay in touch with security first.
Jiang Lim hopes to bring the convenience of satellite communication to the world, starting with cellphones.
The company’s main product, Xplore X7U, will launch in September, with a target production of 500,000 units in the first year. For the coming year, the company’s production is expected to reach 2 million units.
In the next 3 to 5 years, once AdvanceTC enters the product sales phase, the company will be able to move from loss to profit with high profit margin products, and the majority of the customer portfolio is government units. The previous loss is due to the fact that the company is focused on R&D, no sales have been made, and it has not yet reached mass production status.
In addition, AdvanceTC has four marketing branches, mainly responsible for the United States, Southeast Asia and Asia markets. For the United States for example, they are faced with various natural disasters such as wind disasters and floods. Therefore, satellite communication equipment is required for assistance in rescue activities.
The main sales markets are the United States, the Philippines, Indonesia and Nepal. They are all island countries, and their fishing industry needs communication devices to keep in touch. The main lines of business of AdvanceTC include not only fishermen, but also government-owned rescue, military, firefighting and medical units. And developments in the field, including construction, forestry, agriculture, adventure and shipping, such as pleasure yachts.
Satellite smartphone + StarzChat to stay in touch all over the world
AdvanceTC will launch in September its new satellite smartphone product Xplore X7U, which integrates three functions: intelligent, satellite and intercom. The intercom function includes the Tetra and DMR intercom channels.
Xplore X7U focuses on security, especially for high-risk special industries. The limits of 5G smartphones unable to reach remote communication functions. AdvanceTC wants to put “security” in everyone’s pocket, and you can be found wherever you are.
Jiang Lim pointed out, “Only satellite services can provide remote communication. Our phones have security features. Even after 6 days, you can be found all over the world.
“Once this product is launched, we are ready to change the world and improve safety metrics.”
Taking the navy as an example, satellite communication devices are only installed on ships, they have to go back to the ship to look for the emergency help button. AdvanceTC satellite phones, as well as smart devices, allow this group of users to put their security in their pockets.
AdvanceTC will simultaneously launch the StarzChat software, which can be downloaded from major app stores, and anyone will be able to connect.
StarzChat allows ordinary smartphone and satellite phone users to stay in touch through the apps. This software can also be connected to MATRIX software, which is currently used by police, fire and military systems in the European and American markets, with 25 million users ready.
StarzChat has a port to connect to MATRIX, which will pipe users to StarzChat and create huge potential value for the business.
In addition, after the launch of the X8, AdvanceTC will launch another Superphone, a three-in-one mobile phone including computers, smartphones and satellite functions.
The world is moving towards the development of 5G, but 5G does not have remote communication and needs backend satellite communication support. Satellite communication is an effective tool that can replace fiber optic networks.
As 5G and satellite communication technology complement each other, low earth orbit satellites can produce high traffic, so this will be the development trend of telecommunications industry in the future.
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