TMCnet News
AirTouch Communications, Inc. and LightSquared Announce Signing of Long-Term 4G-LTE Wholesale Reseller Agreement(Market Wire Via Acquire Media NewsEdge) NEWPORT BEACH, CA -- (MARKET WIRE) -- 09/26/11 -- AirTouch® Communications, Inc. (OTCBB: ATCH), a company that is engaged in the development and marketing of patented telecommunication devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one hardware platform, is pleased to announce that it has signed a long-term 4G-LTE wholesale agreement with LightSquared™, the nation's first wholesale-only integrated 4G-LTE wireless broadband and satellite network. Under this wholesale agreement, AirTouch will be authorized to offer AirTouch branded voice/data services nationwide over LightSquared 4G LTE network. AirTouch will be able to offer such services as a wireless service carrier and AirTouch will be investing millions of dollars to uniquely dedicate its facilities/services to entice service activations on its network. AirTouch will position itself as a home/office centered wireless service provider offering its own unique hardware as a vehicle while inviting many other traditional mobile phone makers to sell their hardware on the AirTouch network. AirTouch will also become a hardware supplier of choice by LightSquared for an array of fixed wireless application terminals that enable the customer to take advantage of many applications and services that are available today for home usage only on mobile phones with patented signal amplification technology. In addition, AirTouch will offer its products for purchase by other LightSquared partners for their own service hardware at a partner pricing. It is anticipated that LightSquared will begin to offer such services in 2012. "Under this agreement with LightSquared," stated Hide Kanakubo, CEO of AirTouch Communications, Inc., "AirTouch will be able to operate like a wireless carrier and its proprietarily unique hardware could be offered directly to the end user enhancing both the features of the hardware as well as the services offered on it. We have thrown in our lot with LightSquared's service, its own hardware and vice versa. We don't intend to compete in the mobile handset arena so we can also encourage mobile phone makers to sell their mobile phones on our AirTouch network, once certified by LightSquared, and to add on their customers as AirTouch subscribers while those mobile phone makers are selling their hardware for hardware profit." Kanakubo noted, "AirTouch will be very open to the sharing of revenue with those manufacturers whose hardware contributed to bringing them on board as AirTouch subscribers. With the mobile data and mobile voice used more frequently at home and office, our home/office centric hardware should command its own niche with our unique hardware being offered on our own service network within the LightSquared 4G network." AirTouch, with its close relationship with worldwide wireless carriers throughout the significant continents, and its system side partners that AirTouch intends to work with, can enhance its offerings not only to the users of its hardware/service in USA, but also to those who travel around the globe. About AirTouch® Communications AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network. For further information about AirTouch Communications, please visit the web site: www.airtouchinc.com. About LightSquared LightSquared's mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services -- at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared's network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to the web site www.LightSquared.com, or www.facebook.com/LightSquared and www.twitter.com/LightSquared. Forward-Looking Statement These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. In evaluating these statements, you should specifically consider various factors, including the risks outlined under "Risk Factors" in our Private Placement Memorandum. These and other factors may cause our actual results to differ materially from any forward-looking statement. We undertake no obligation to update any of the forward-looking statements after the date of this presentation to conform those statements to reflect the occurrence of unanticipated events, except as required by applicable law. CONTACT: AirTouch® Communications, Inc. Jerome Kaiser CFO (949) 825-6572 Email Contact www.airtouchinc.com Wolfe Axelrod Weinberger Associates, LLC Stephen D. Axelrod, CFA / Adam Lowensteiner (212) 370-4500 Email Contact / Email Contact Source: AirTouch Communications, Inc. |