Airborne Wireless Network (PK:ABWN)

Business Focus: N/A

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Sector: Technology	Industry: N/A

Company Contact

Address:	4115 Guardian St Ste C SIMI VALLEY CA 93063-3382
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

J. Edward Daniels President, Treasurer, Secretary, Director	Michael J. Warren Chief Executive Officer, Director	Kevin L. Spence Chief Financial Officer
Marius D. de Mos Vice President of Technical Affairs and Development	Earle O. Olson Vice President of Industry Relations	Jason T. De Mos Vice President - Business Development and Aviation Compliance

Business Overview

Airborne Wireless Network is an early-stage company with the principal business strategy of developing, marketing and licensing a high-speed, meshed broadband airborne wireless network by linking aircraft in flight. It calls this network the Infinitus Super Highway (Infinitus). Infinitus provides a broadband wireless communication infrastructure by using and customizing existing, small, lightweight, low-power relay station equipment and antennae that are installed onboard aircraft. Each equipped aircraft has broadband wireless communication link to one or more neighboring aircraft and/or ground stations. It intends to act as a wholesale carrier, licensing its bandwidth to, among others, data service providers, such as telecommunications companies and other Internet service providers that provide broadband services to end users, to government agencies and to companies that desire a more robust private broadband network. The Company has not generated any revenue from operations.

Financial Overview

For the nine months ended 31 May 2019, Airborne Wireless Network revenues was not reported. Net loss decreased 70% to $16.5M. Lower net loss reflects Stock based compensation decrease of 81% to $8.6M (expense), Interest expense decrease of 79% to $1M (expense), Professional fees decrease of 51% to $2M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$18971.49 to -$0.01.

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