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Airborne Wireless Network Inc (OTCMKTS: ABWN) Continues Its Trajectory

Airborne Wireless Network Inc (OTCMKTS: ABWN) Continues Its Trajectory
Written by
Richard Sandle
Published on
April 10, 2017
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In our last review of Airborne Wireless Network Inc (OTCMKTS:ABWN) we made light of the two important hires the company made, Michael (Mike) J. Warren as Chief Executive Officer, and Marius de Mos as Vice President of Business Development and Aviation Compliance. Since then, the company has announced that it has appointed Michael J. Warren to the Company's Board of Directors. J. Edward Daniels, President of Airborne Wireless Network said:

"Mike's leadership skills as CEO for the past month have shown him to be a perfect fit for the Board of Directors. I am excited to continue working with Mike as he now joins the Board. "

The leadership and direction of Warren and de Mos is already beginning to have a positive effect. But first, a little background on the company for those not familiar with it. Airborne Wireless Network Inc 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. Airborne intends for 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.On March 13, 2017, Airborne Wireless Network announced that it entered into a Memorandum of Understanding (MOU) with German Aerospace Center (DLR) spinoff, ViaLight. Pursuant to the MOU, both companies will explore integrating a laser-based communications system with the Company’s contemplated Infinitus Super Highway, a fully-meshed airborne broadband system, to enhance and maximize data speeds far beyond today’s existing networks. Jason T. de Mos, said:

“We believe that once developed, our hybrid system, combined with traditional radio-links with laser could deliver an extreme-capacity airborne backbone that would offer unprecedented bandwidth at a reasonable cost. Our vision is a marriage of radio frequency control for accurately locating aircraft in the mesh, and the ability to switch back and forth between laser and radio frequency for data-communications, allowing our contemplated system to successfully operate under adverse weather conditions, thereby offering the best of both worlds.”

On March 30, 2017, Airborne Wireless Network filed for an experimental Federal Communication Commission license to begin air-to-air and air-to-ground meshed network system evaluations. Once approved, this license will allow the company to begin ground and flight radio frequency transmission testing of its patented technology, the Infinitus Super Highway. The demonstration system has been lab tested at one of Airborne Wireless Network’s contracted partner facilities. The Company will now take these successful results and bring them to its test bed Boeing 757 aircraft for ground fitting, testing on the tarmac, and eventual flight evaluation. During this flight demonstration, the Company intends to pass broadband data between airborne aircraft and a ground station, demonstrating the air-to-air and air-to-ground meshed network.Once implemented, The Infinitus Super Highway will be an air-to-air communication system. It will be a new use for the (already existing) fleets of commercial airline aircraft to replace low-earth orbit communication satellites. Infinitus should provide low-cost, broadband wireless communication infrastructure from points-to-points, accomplished by using and modifying existing, small, lightweight low power, low cost relay station equipment on-board the commercial airline aircraft.

ABWN stock has been on a upward trend since our last review of the company in mid-March. It made a strong upward spike culminating on February 23, 2017 at a high of $4.07 before retracing and consolidating at $2.40 when we last reviewed it. It has since moved up to $3.05 where it is trading now.The financials are still pre-revenue. The company does have a balance sheet that shows plenty of cash to execute its plan. Current market capitalization stands at $237.20 million, on 77.77 million shares outstanding as of April 10, 2017.Airborne Wireless Network Inc is executing its plan as scheduled. Once the new technology is fully-employed, an unmet and growing demand will be filled, and the revenues should begin to flow. This should result in growth for the company. We will be updating our subscribers as soon as we know more. For the latest updates on ABWN, sign up below!Disclosure: We have no position in ABWN and have not been compensated for this article. We have previously been compensated a fee of six thousand dollars by a third party via bankwire for a 2 day awareness campaign on ABWN.

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