ATLANTA, April 7, 2017 /PRNewswire/ -- Yippy, Inc.
(OTCMKTS: YIPI) ("Yippy" or the "Company") announced today
that it will support Globalstar, Inc.'s (NYSE-MKT: GSAT)
("Globalstar") initiative for the immediate marketing of
compression software and intranet data services. Yippy's
innovative software platform features advanced data compression
technology that significantly decreases webpage load times for
internet access and intranet document retrieval. This
technology will be made available to millions of existing
subscribers for Mobile (MSS) and Fixed (FSS) Satellite Services
operators.
Yippy recently completed the production level environment for
Globalstar's Generation 2 network and exceeded performance
requirements. Subsequently, Yippy presented a plan to the
executives of Globalstar which proposed top line growth for both
organizations as a result of the distribution of Yippy's software
offerings to other service providers and their subscribers
worldwide.
"Globalstar and Yippy are entering into another chapter of our
relationship," stated Jay Monroe,
CEO, Globalstar. "The rollout of this effort has been a major
initiative for our satellite operations teams and last year we
provided the service on a trial basis. After months of
rigorous testing, we have concluded that Yippy's platform provides
subscribers with a greatly enhanced data service experience.
Additionally, we believe that the technology can be used by
operators throughout the satellite industry and we look forward to
working with other providers to integrate this technology into
their respective platforms."
Recently, Globalstar and Yippy amended the original December 2015 Access Agreement and Securities
Agreement that, among other things, included the increase of
Yippy's revenue per subscriber by 33% for Globalstar
subscribers. The subscription will be offered to all
Globalstar Duplex subscribers and will be available for other
satellite operators. For these other service providers and
their subscribers, Globalstar will pay Yippy 50% of all revenue for
the use of Yippy's software technologies. Yippy will pay to
Globalstar 30% of the gross margin on the sale of Yippy hardware or
for Yippy development services in connection with imbedding Yippy
services in other MSS and FSS networks.
"We look forward to providing our Duplex subscribers with an
enhanced data service while also enabling other satellite carriers
to substantially increase the number and usability of data sessions
as subscribers access the web. We have proven that the
compression platform materially reduces vital overhead allowing for
an enhanced quality of service," commented Jake Rembert, Vice President of US Sales,
Globalstar.
"Satellite bandwidth is a finite asset, and most satellite
providers have an immediate need to reduce bandwidth overhead per
subscriber across their networks. Our compression technology
does just that, and is production ready for immediate consumption,"
stated Richard Granville, CEO,
Yippy. He continued, "The typical internet website page downstream
has now ballooned to more than 3MB and continues to rise, and
satellite executives could not have forecast the substantial
increase in concurrent user bandwidth utilization. Even with
the launch of enhanced satellites with expanded capacity, we
believe compression will prove to be a vital asset to help meet
subscriber usage demands. This is not only true of commercial
operators, but also government and military satellite
networks."
About Yippy, Inc.
Based in Atlanta, GA, Yippy,
Inc. is a technology company that specializes in the development of
search-based applications, data normalization,
compression/optimization and aggregation through enterprise
application (app) service environments (EASE). Yippy's
proprietary product suites are deployed to provide secure,
redundant and maintained data services. The Company also
provides the most advanced search appliance and is the best
alternative for those seeking a replacement for the Google Search
Appliance (GSA). The Company also operates several online
internet properties and educational reference
portals. Investors can find current financial disclosure for
the Company at http://www.otcmarkets.com/stock/YIPI/filings.
Forward-Looking Statements
The information contained herein includes forward-looking
statements. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, or to
update the reasons actual results could differ materially from
those anticipated in these forward-looking statements, even if new
information becomes available in the future. Additional
information on risks and other factors that may affect the business
and financial results of Yippy, Inc. can be found in the filings of
Yippy, Inc. on OTC Markets (www.otcmarkets.com).
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SOURCE Yippy, Inc.