ALBANY, N.Y., EATONTOWN, N.J. and GENEVA, May 27 /PRNewswire-FirstCall/ -- StratoComm Corporation (STCO) Chairman recaps 2010 to date:
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Cameroon
Evergreen ISP Platforms has entered its third month of providing wireless broadband services to companies and institutions within the city of Douala, Cameroon. Customer response to Evergreen's service offerings and pricing continues to be strong. As previously reported among Evergreen's earliest subscribers are the Roman Catholic Arch Bishops residence, (located within the compound housing Evergreen's Network Operation Center) and Macacos, a commercial printing operation that is now capable of downloading client files for production. This critically important feature was not feasible before introduction of Evergreen's broadband services. In addition to Macacos which operates forty computers through the Evergreen network, and the Arch Bishop's Residence and offices, other subscribers include, Mobile Money, an African based financial services company similar to Pay Pal, the Douala Customs Office at the Port of Douala and Amacam a Cameroonian based company.
Geneva, Switzerland Development Office
StratoComm's Market Development Office commenced operations May 1, 2010. The present focus there relates to ongoing discussions with various Swiss organizations and institutions toward defining potential stratospheric platform sub-system collaboration. Additionally market development for both StratoComm's TTS and STS are underway with strong positive interest. As substantive results are achieved information will be released publicly.
Ghana
StratoComm Ghana Limited is the recently incorporated Ghanaian based company formed as the Joint Venture Company to support StratoComm Corporation's entrance to that market. The company was formed following execution of a Joint Venture Agreement between StratoComm and Kron Telecom, also a Ghanaian company. StratoComm Corporation is in final negotiation of an associated System Sale Agreement with its JV partner for the purchase of a StratoComm Transitional Telecommunications System.
Technology Development
StratoComm maintains a substantial library of Intellectual Property (IP), which it continues to increase. Most of its IP relates to StratoComm's core mission, for the delivery of telecommunications services from the stratosphere. There are additional patents pending or in process, each of which further enhances the strength of StratoComm's position within the stratospheric community. As presented in a release earlier in May, the U.S. Patent Office issued a significant patent to StratoComm titled Long Mission Tethered Aerostat and method of Accomplishing.
Stratospheric Tests
StratoComm continues in discussions with selected collaborators in Europe and northern Africa toward defining terms to formalize agreement specific to funding and logistical support to StratoComm's stratospheric test flights. Progress with these efforts has resulted largely from the efforts of StratoComm's new Swiss Market Development Office.
Regulatory Effort
May 21st; Dr. Y.C. Lee, StratoComm's CTO returned from ITU meetings in Geneva, Switzerland having tenaciously supported the coordinated efforts of StratoComm's worldwide network of stratospheric telecommunications proponents in their pursuit to assure availability of required frequencies to enable stratospheric services. "Absent StratoComm's leadership in the ongoing regulatory effort to secure stratospheric frequency use it is likely that the effort would fail altogether causing unacceptable compromise to the interests of developing countries around the world." stated Dr. Lee.
The ITU is the United Nations Specialized Agency responsible for telecommunications, including international regulations for the management of radio frequency spectrum and satellite orbit resources, standards for equipment and operations, and assistance for developing countries in improving telecommunications facilities. Frequency use and management decisions are undertaken by vote of member nations resulting in a treaty to approve or disapprove a particular frequency use. At present StratoComm colleagues are engaged in the ongoing process underway in Hyderbad, India.
"StratoComm management is grateful for continued shareholder support, which is enabling StratoComm to further its efforts worldwide. Current operations in Cameroon and Switzerland, are benefiting greatly from this ongoing shareholder support," stated Mr. Craig Danzig, Executive Director of Institutional Relations.
StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with a specific focus to the delivery of ubiquitous and cost sensitive communication services to the developing world. The company is further committed to the allocation of a portion of each system's service capacity for the provision of low cost/no cost social and economic outreach programs.
Safe Harbor Disclosure – This Press Release contains or incorporates by reference "Forward-looking statements," including certain information with respect to plans and strategies of StratoComm Corporation. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including StratoComm Corporation beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to StratoComm Corporation as of such date. There are a number of important factors that could cause actual events or actual results of StratoComm Corporation and its subsidiaries to differ materially from those indicated by such forward looking statements.
Company web site: www.stratocomm.net
SOURCE StratoComm Corporation
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