BEIJING, March 19, 2019 /PRNewswire/ -- AirMedia Group
Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN), an operator of
out-of-home advertising platforms in China targeting
mid-to-high-end consumers as well as a first-mover in the travel
Wi-Fi market, today announced that one of its subsidiaries, Air
Esurfing Co. Ltd. ("ARE"), has been selected as the sole
distributor of Honeywell's next-generation JetWave TM
satellite communications hardware in China, enabling Chinese airlines to have
access to an all-in-one solution that provides high-speed,
in-flight Wi-Fi service. Honeywell's JetWave TM
satellite communications hardware provides high-speed in-flight
Wi-Fi service worldwide by seamlessly establishing Ka-band
communication links with the Global Xpress Network of the
International Maritime Satellite Organization (Inmarsat Aviation)
and satellite ChinaSat 16 and ChinaSat 18.
Tailored to benefit both passengers and airlines, the
cooperation is devoted to increasing the availability of fast, consistent,
KA-band connectivity for passengers traveling with airlines
originated in China and
generating new revenues for
airlines.
"China plays a significant role
in our global growth and we are committed to working with local
partners to help advance the country's aviation
industry," said Steven Lien,
president, Asia Pacific, Honeywell
Aerospace. "This exciting cooperation with ARE gives Chinese
airlines a competitive edge in a globalized market – providing
them with hardware and connectivity that delivers in-flight Wi-Fi
with in-office speed."
"ARE is the leading provider of in-flight entertainment and
connectivity in the region. We are pleased to establish cooperation
with Honeywell to provide our customers with proven solutions to
high-speed, in-flight connectivity to meet an increasing demand of
passengers," Mr. Grant Zhou,
COO of AirMedia, commented. "This
cooperation will further advance our ability to provide customized
solutions to meet the growth of high-speed connectivity in aviation
industry in China."
Mr. Herman Guo, CEO of AirMedia commented, "As the leading
provider of in-flight connectivity, the Company's strategic
cooperation with Honeywell will empower Chinese airlines with
high-speed in-flight Internet services to deliver passengers the
same experience as it would've been otherwise on the
ground." Mr. Guo continues, "With extended experiences and
strategic alignments in both in-flight entertainment and in-flight
connectivity, the Company, while providing high-speed in-flight
Internet connectivity, is capable of maintaining and operating an
in-flight mobile platform and interactive products benefiting from
the platform." Mr. Guo believes that while enhancing the
compatibility of Chinese airlines worldwide, the high-speed
in-flight connectivity will present new and innovative
opportunities to both Chinese airlines and AirMedia.
About AirMedia Group Inc.
Incorporated in 2007 and headquartered in Beijing, China, AirMedia Group Inc. (AMCN) is
an operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as
well as a first-mover in the travel Wi-Fi market. AirMedia sells
advertisements on the routes operated by several Chinese airlines
and also has concession rights to operate the Wi-Fi systems on
trains administered by several railway administrative bureaus in
China. For more information,
please visit http://www.airmedia.net.cn.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's business
strategies and initiatives as well as the Company's business plans;
the Company's future business development, results of operations
and financial condition; expected changes in the Company's revenue
and certain cost or expense items; trends and competition in
China; general economic and
business conditions in China; and
other risks detailed in the Company's filings with the Securities
and Exchange Commission. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For more information, please contact:
Company Contact:
Yan Liu
Director, Investor Relations
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@ihangmei.com
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SOURCE AirMedia Group Inc.