Launch of Gogo 5G Remains on Track
BROOMFIELD, Colo., Sept. 27, 2022 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) today commented on the U.S. District Court for the District of Delaware's ruling denying SmartSky Networks LLC's motion for a preliminary injunction. Under the ruling, the Court denied SmartSky's request that the Court preliminarily enjoin Gogo Inc. and Gogo Business Aviation LLC from making, using, offering to sell, or selling the Gogo 5G system pending the resolution of the patent infringement suit brought by SmartSky against Gogo.
"This ruling supports our frequently stated position that Gogo is not infringing any valid SmartSky patent," said Oakleigh Thorne, Gogo's Chairman and CEO. "We will continue to vigorously defend Gogo against SmartSky's meritless patent infringement claims. We look forward to successfully launching Gogo 5G and remain unwavering in our focus on executing our strategy to deliver improved broadband performance for business aviation customers."
Gogo is the world's largest provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Gogo's products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals.
As of June 30, 2022, Gogo reported 2,893 business aircraft flying with Gogo's AVANCE L5 or L3 system installed, 6,654 aircraft flying with its ATG systems onboard, and 4,462 aircraft with narrowband satellite connectivity installed. Connect with us at business.gogoair.com.
Certain disclosures in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release.
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Additional information concerning these and other factors can be found under the caption "Risk Factors" in our annual report on Form 10-K for the year ended Dec. 31, 2021 as filed with the Securities and Exchange Commission ("SEC") on March 3, 2022 and our quarterly reports on Form 10-Q as filed with the SEC on May 5, 2022 and August 5, 2022.
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