BEIJING, Nov. 20, 2018 /PRNewswire/ -- AirMedia Group Inc.
("AirMedia" or the "Company") (Nasdaq: AMCN), a leading 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 Gilat Satellite Networks Ltd. (NASDAQ: GILT) ("Gilat"), a
strategic partner of the Company's subsidiary, Air Esurfing Co.
Ltd. ("ARE"), had received the DO-160 certification for Gilat's
Ku/Ka dual-band aero terminal. Providing opportunities to HTS
operators, IFEC service providers and airlines leveraging IFC
opportunities with the flexibility of uses of both the Ku or Ka bands, Gilat's success
marked a significant milestone in the collaborations between Gilat
Mr. Grant Zhou, COO of AirMedia
commented that ARE and Gilat have built a strategic collaboration
upon ARE's innovative ability to integrate Gilat's dual-band terminal into the
commercial IFC and IFEC solutions in China to accommodate and empower
communications with satellite ChinaSat 16 and future ChinaSat 18 on
the Ka band. Bolstered by Gilat's success, ARE's
current efforts on getting its IFC and IFEC solutions STC and VSTC
certified for Boeing 737NG and Airbus 320 airplane families
will be put on an accelerated
track. Mr. Zhou further commented that once they were STC and VSTC certified,
ARE would become the exclusive provider of the solutions
Mr. Herman Guo, CEO of AirMedia
Group commented that as an official endorsement of performance,
Gilat's becoming DO-160 licensed would further accelerate ARE's march
to get IFC and IFEC solutions STC and VSTC certified for Boeing
737NG and Airbus 320 airplane families. Since both airplane
families represent noticeable leading market shares, they become
the right choices for ARE to focus on
for commercializing its
IFC and IFEC solutions and providing in-flight Wi-Fi to millions of
DO-160, Environmental Conditions and Test Procedures for
Airborne Equipment is a standard for the environmental testing
of avionics hardware. It is published by the Radio Technical
Commission for Aeronautics(RTCA). The
environmental test conditions and test procedures contained
within the standard may be
used in conjunction with applicable equipment performance
standards, as a minimum specification for environmental conditions, which can
ensure an adequate degree of confidence in performance during use
aboard an air vehicle.
STC (Supplementary Type Certificate): It is necessary to obtain
STC certificate to install the aviation equipment on the aircraft
and STC certificates differ according to different aircraft types.
VSTC (Validation of STC) is needed in China to install the aviation equipment on the
Air Esurfing Co., Ltd. (the "ARE") is an IFC operator and IFEC
service provider in China.
Empowered with the ability to provide Internet and Wi-Fi services
over Ku/HTS and Ku/Ka, to develop and manage Portal, APP, and IFEC
platform and content, and to
deliver other value-added services inflight, ARE is highly
recognized for providing tailored and satisfactory services and
products to a
variety of airlines to
establish an ecosystem evolving around inflight connectivity.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a
leading global provider of satellite-based broadband
communications. With 30 years of experience, Gilat designs and
manufactures cutting-edge ground segment equipment, and provides
comprehensive solutions and end-to-end services, powered by Gilat's
innovative technology. Delivering high value competitive solutions,
Gilat's portfolio comprises of a cloud based VSAT network platform,
high-speed modems, high performance on-the-move antennas and high
efficiency, high power Solid State Amplifiers (SSPA) and Block
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 at Sinopec's service stations in China. AirMedia also has concession rights to
operate the Wi-Fi systems on trains administered by eight railway
administrative bureaus in China as
well as on many long-haul buses in China. For more information, please
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:
Director, Investor Relations
AirMedia Group Inc.
Ascent Investor Relations LLC
SOURCE AirMedia Group Inc.