Maker of World's First Multi-Mode Smartphones Details
Tech Roadmap and Commercial Plan
NEW YORK, NY -- May 16, 2021 -- InvestorsHub NewsWire
-- AdvanceTC Limited, (NSX:A88)(OTCQB:ATCLF)
the premier technology company specializing in design and
development of mobile telecommunication and computing devices is
pleased to release an Investor Guide to introduce and inform
investors about the achievements and future plans for the
Company.
About AdvanceTC Limited
Founded in 2005, AdvanceTC is a premier tech company
specializing in the design, development, and commercialization of
high-tech mobile wireless computing and telecommunication devices.
The company was spotlighted in 2012 for its release of the Magic
W3, which is a 4.8" Windows®7 full OS touchscreen microcomputer
with voice call functionality. The Magic W3 provides true windowed
multitasking, multimedia entertainment, social network
connectivity, navigation capability, voice telephony, and the full
Internet experience. In 2018 AdvanceTC introduced the World’s First
Satellite Android Smartphone with 100% earth coverage.
AdvanceTC is based in Malaysia with its main office in Kuala
Lumpur which is about a 1 hour flight from Singapore and a major
tech innovation hub in South East Asia. AdvanceTC is the creator of
the AdvanceTC brand of mobile computing devices with integrated
telephony and have redefined mobile productivity by developing
innovative communications devices.
Company CEO, Loi Cheng Pheng, stated, “We have accomplished so
much since 2005 we felt it was important for us to inform our new
OTC Markets investors about that productive history in Asia as well
as future plans. We have many exciting events on the near horizon
and we plan to keep the investment community updated regularly with
company distributed press releases. We appreciate the enthusiastic
response and quality questions we received from the investment
community listed in this press release. Stay tuned…..,”
In a nutshell, what does your device do that makes it so
unique?
We invented a unique Android satellite smartphone which merges
multiple channels and methods of communication into one device
which we call multimode-communication. We hold a patent, our device
is approved by the FCC in the US, we have identified an isolated
market which hasn’t seen innovation in the last 40 years, we
innovate relevant services that will only work on our device. This
includes multi-mode communication channels namely GSM, Digital
Mobile Radio, Terrestrial Trunked Radio, Push-To-Talk, 4G/5G and of
course satellite internet, calling and texting. The range of
devices also comes with an integrated emergency button and we
provide certain customization options for government. We see growth
in offering relevant SaaS, DaaS and carrier services. Those
services will be quite unique to our offering and only available in
combination with the ownership of this device.
What are your past achievements?
We were spotlighted in 2012 for the release of the Magic W3
which is a 4.8" Windows®7 full OS touchscreen microcomputer with
voice call functionality. The Magic W3 provides true windows
multitasking, multimedia entertainment, social network
connectivity, navigation capability, voice telephony, and the full
internet experience. We have successfully built and deployed the
world’s first Android satellite smartphone with 100% earth
coverage.
Where does the company manufacture?
We manufacture in Kuala Lumpur, Malaysia, and in Toulouse,
France. The factory that produces our phones is a shareholder in
our company which gives us a perfect strategic alignment. We follow
a rigorous value process in our supply chain to assure the
integrity of our brand.
How do you see the growth of the sector and in
particular the growth of AdvanceTC?
As national economies become more global and as we travel across
all parts of the continents, the oceans, and the atmosphere, the
need for effective wireless interconnection via terrestrial
wireless and satellite communications will expand. We will continue
to innovate services that are relevant to our market and with time
increase product inventory so our market share can increase.
Another aspect that makes us a possible unicorn is that we are
publicly traded which is more attractive to venture capital and
investment banks that can potentially accelerate our growth.
What are the most critical questions relating to your
business?
One of the biggest concerns expressed are about our patents held
on the existing product and how patents will be registered and
enforced for products now in process. The other major concern often
raised by investors are related to large established companies or
other 5g carriers potentially entering the market and pressuring
AdvanceTC out by forcefully inserting similar products in the near
future.
We are structuring our devices around specific links in the
value chain of our industry to remain relevant even after large
brand names enter the market. Our growth is focused on marketing
our phones and to offer services to enable our clients’
communications. We are going to approach the existing
satellite phone users once our phone is introduced into the market.
The big brand names cannot do that because they don’t have our
device. There are approximately 1.5 million satellite phone users
in the USA alone and they use an outdated phone to make satellite
voice calls or to send texts over satellite. We anticipate
introducing auxiliary tools to provide communication enabling
services that are important to our target markets including
multi-mode communication channels integrated into the device,
Software as a Service (SaaS), Data as a Service (DaaS) and carrier
services.
On November 14th, 2020 we attended The National Due Diligence
Association (TNDDA) Conference which is for SEC registered
broker/dealers, professional due diligence attorneys and
investigators and a limited number of high net worth investors. We
also attended the 14th Annual LD Micro Conference and we had the
chance to address these concerns for the first time publicly.
The Satellite communication market is on everybody’s map to some
degree and there will be exciting innovation in the near future. We
believe that the most popular and established global brands will
enter this market and we are excited because we fit right in and it
will accelerate the development of the sector.
How does the future for satellite communications
look?
The increased utilization of space systems – manned, unmanned,
and planetary bodies – will evolve the need for improved space
communications systems. Clearly foreseeable technologies suggest
that several decades of continuing innovations are now
possible.
But technology will not be the only source of change for the
satellite communications industry. Other drivers of change will
include:
-
New service demands in both civilian and defense-related
markets;
-
Restructuring of commercial satellite organizations through
acquisition, merger, and regulatory change;
-
New allocations or reallocation of frequencies;
-
Convergence between the various satellite applications markets –
both in terms of technology and structural integration;
-
Constraints in orbital configurations;
-
Orbital debris; and even
-
Growth of human activities in outer space may prove to be
significant shapers of the growth of satellite systems in the next
20–30 years.
In short, there are remarkable new technologies still to be
developed in terms of space-based satellite communications systems,
more powerful processors, new encoding capabilities, and new user
terminal capabilities that can make user systems more mobile, more
versatile, more personally responsive, more powerful in terms of
performance, and yet lower in cost.
There has been a lot of talk about satellite internet
and how does AdvanceTC fit into that Conversation?
Most of the attention has focused on those stories related to
the rocket launches getting satellites into space but all of these
satellites will need transceivers on Earth to send and receive
data. We have a smartphone with satellite capability that has such
a receiver built into it. We envision a market where our phone is
used by people that need to have access to multiple modes of
communication from one device, not just satellite internet.
Are you going to provide regular updates to the
market?
We are committed to provide the market with regular updates and
these will mostly be covering our progress with the upcoming launch
of our latest device as well as business development activities. We
are committed to provide shareholder growth.
Where do you see the Company in 12 months?
Advanced TC was recently listed as a foreign symbol on the OTC
Markets after having spent many years on the Australian NSX
Exchange which remains our primary market. Within the coming 12
months, we are launching our flagship device and reaching
milestones that qualify us for institutional investors, add
considerable value to shareholders, and there are plans to list the
company on a major exchange in the US as well. We already have
strong relationships to move the business forward.
About AdvanceTC Limited
AdvanceTC is a premier company specializing in the design,
development and commercialization of high tech mobile wireless
computing and telecommunication devices since 2005. AdvanceTC W3, a
full Windows® OS microcomputer integrated with cellular telephony
capabilities and the Xplore X7 the world’s first android smartphone
with satellite messaging and emergency service, fully designed and
developed using its own patented proprietary technology and
engineering innovation.
Follow us on our social media accounts:
https://twitter.com/advancetc_ltd
https://www.instagram.com/advancetc_ltd/
https://www.linkedin.com/company/advancetc/
https://www.facebook.com/advancetcltd/
For further information please contact:
Contact:
Name: CP Loi/ Chief Executive Officer
Email: loicp@advancetc.com
Website: www.advancetc.us
Forward-Looking Information
This news release contains forward-looking statements relating
to the Proposed Transaction, and the future potential of AdvanceTC.
Forward-looking statements are often identified by terms such as
"will", "may", "should", "intends", "anticipates", "expects",
"plans" and similar expressions. All statements other than
statements of historical fact, included in this release are
forward-looking statements that involve risks and uncertainties.
These risks and uncertainties include, without limitation, the risk
that the Proposed Transaction will not be completed due to, among
other things, failure to execute definitive documentation, failure
to complete satisfactory due diligence, failure to receive the
approval of the NSX and the risk that AdvanceTC will not be
successful due to, among other things, general risks relating to
the mobile application industry, failure of AdvanceTC to gain
market acceptance and potential challenges to the intellectual
property utilized in AdvanceTC. There can be no assurance that any
forward-looking statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements.
The Company cannot guarantee that any forward-looking statement
will materialize and the reader is cautioned not to place undue
reliance on any forward-looking information. Such information,
although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news
release and the Company will only update or revise publicly any of
the included forward-looking statements as expressly required by
securities laws.
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