CHICAGO, Jan. 16, 2020 /PRNewswire/ -- Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, and Spanish satellite operator, Hispasat, announced today a capacity agreement on Amazonas Nexus satellite to meet the growing global demand for high-speed inflight connectivity services.
Gogo has leased multi-gigahertz of Ku-band capacity onboard Hispasat's new satellite, set to launch in the second half of 2022, to provide service to its customers in the Americas and the Atlantic region. Hispasat and Gogo worked closely to optimize the satellite design to provide superior performance and capacity for inflight connectivity.
Amazonas Nexus is a High Throughput Satellite (HTS) with an innovative architecture that will replace the Amazonas 2 in the 61º West position. The new satellite will have a payload specifically dedicated to aero connectivity and will offer additional capacities oriented to vertical segments like mobile connectivity, corporate communications and cellular network deployment. It will feature an advanced Digital Transparent Processor (DTP), a technological breakthrough that will substantially increase satellite flexibility when dealing with changes in demand.
"Amazonas Nexus will significantly enhance our Ku network over the Americas and the Atlantic region, providing Gogo with scaled capacity at the right economics," said Oakleigh Thorne, President and CEO of Gogo. "Through our partnership with Hispasat, Gogo 2Ku will continue to meet the growing demand for high-speed inflight connectivity."
"We are excited to support Gogo in providing the best service for their global airline partners," said Miguel Ángel Panduro, CEO of Hispasat. "This partnership demonstrates the important role Hispasat will play in providing capacity for aerial services. The inflight connectivity market is a growing segment for satellite capacity, and this is one of the foundational elements for Hispasat's future growth," Panduro concluded.
Gogo is the Inflight Internet Company. We are the leading global provider of broadband connectivity products and services for aviation. We design and source innovative network solutions that connect aircraft to the Internet and develop software and platforms that enable customizable solutions for and by our aviation partners. Once connected, we provide industry leading reliability around the world. Our mission is to help aviation go farther by making planes fly smarter, so our aviation partners perform better and their passengers travel happier.
You can find Gogo's products and services on thousands of aircraft operated by the leading global commercial airlines and thousands of private aircraft, including those of the largest fractional ownership operators. Gogo is headquartered in Chicago, IL with additional facilities in Broomfield, CO and locations across the globe. Connect with us at gogoair.com.
HISPASAT, Red Eléctrica Group's communications satellite operator, is a world leader in content distribution in Spanish and Portuguese speaking countries and its satellite fleet is used by important direct-to-home television (DTH) and high-definition television (HDTV) digital platforms. HISPASAT also provides satellite broadband and connectivity services, which include broadband access, mobility and backhaul networks, in addition to other added value solutions for governments, companies and telecommunication operators in America, Europe and North Africa. HISPASAT –which is comprised of companies that have a presence in Spain as well as in Latin America, where its Brazilian affiliate HISPAMAR is based– is one of the world's largest companies in its sector in terms of revenue, and the main communications bridge between Europe and the Americas. www.hispasat.es
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include "forward-looking statements" that are based on management's beliefs and assumptions and on information currently available to management. Most forward-looking statements contain words that identify them as forward-looking, such as "anticipates," "believes," "continues," "could," "seeks," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "will," "would" or similar expressions and the negatives of those terms that relate to future events. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and Gogo undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain. Important factors that could cause actual results, developments and business decisions to differ materially from these forward-looking statements include the uncertainties described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 21, 2019 and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission on August 8, 2019 and November 7, 2019.
Media Relations Contact:
Investor Relations Contact:
If you're interested in receiving Gogo breaking news via email, fill out the form below and you will receive an e-mail each time we send out a new release. You will receive an email which you must reply to in order to confirm you subscription. You may unsubscribe from our list at anytime.