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AdvanceTC Ltd (OTC:ATCLF) announced the launch of its Xplore(tm) Android multi-mode communicators, X7V and X7mini, during an event in Kuala Lumpur on March 20, 2023. The X7V offers cellular, satellite messaging, voice, and digital mobile radio connectivity, while the X7mini serves as a compact companion device. Additionally, the company signed an agreement to acquire Dr. Boom Communications, a retail chain, for AUD$12 million, which aims to enhance distribution in the Australian, New Zealand, and South Pacific markets. This acquisition is subject to legal and regulatory processes, and is expected to strengthen AdvanceTC’s market presence.
AdvanceTC Ltd has announced the release of a promotional video for its upcoming Xplore X7U device, set for commercial launch later this month. The full rollout is expected in the second quarter of 2022. The promo aims to generate interest ahead of the product's release, and additional promotional content is planned. The company specializes in high-tech mobile wireless computing and telecommunication devices, leveraging patented technology. Investors are encouraged to stay updated as progress and new information become available.
AdvanceTC Ltd (OTCQB:ATCLF) announced a licensing agreement with Level 01 Technologies for its Starzchat real-time communication software based on the decentralized Matrix Protocol. This deal enables Level 01 to utilize AdvanceTC's unique features, such as end-to-end encryption and real-time voice communication. The partnership aims to expedite Level 01's product expansion in the DeFi sector. Additionally, AdvanceTC recently began FCC and CE certification for its X7U model, aligning with its strategy to deliver advanced communication solutions.
AdvanceTC Limited (OTCQB:ATCLF) has begun the FCC and CE certification process for its new X7U multimode mobile device, which integrates cellular, satellite, and digital radio communications. The rugged Android 11 smartphone aims to enhance communication in remote areas with worldwide satellite messaging and dual SIM capabilities. AdvanceTC plans to launch additional products by the end of 2021, anticipating a significant demand for hybrid communication devices over the next few years. The company expects to complete certifications and initiate commercial shipments before year-end.
AdvanceTC Ltd (OTCQB: ATCLF) discusses the expanding satellite communication market, projected to grow from $56.01 billion in 2019 to $99.58 billion by 2027, with a CAGR of 9.2%. The global space economy generated $371 billion in 2020, with commercial satellite services contributing $271 billion. Innovations in satellite IoT are transforming applications in flood control, fire observation, and more. With rising demand for hybrid mobile satellite devices, the market is expected to see significant growth in the coming years.
AdvanceTC Ltd has announced receiving an additional order for 8,000 smartphones, comprising 4,000 units of the Xplore X7U DMR and 4,000 units with Satellite Messaging. This raises total orders to 12,000 units valued at $7.47 million. The company plans to double its production capacity to 8,000 units monthly by December 2021 to meet demand. AdvanceTC continues to innovate, having launched the world’s first Android smartphone with satellite messaging technology in 2019.
AdvanceTC Ltd announced orders for 4,000 units of its Xplore X7U DMR smartphones, split evenly between standard and satellite messaging models. Anticipating high demand, the company plans to double production capacity to 8,000 units in December 2021. This follows the successful launch of the Xplore X7 in 2019, reinforcing AdvanceTC's position in advanced communication technology. CEO CP Loi expressed commitment to innovation and meeting customer needs.
AdvanceTC Ltd (OTCQB:ATCLF) has acknowledged promotional activities surrounding its stock following a request from OTC Markets. The Company was informed about two newsletters discussing its technology market and recent press releases. AdvanceTC emphasizes that it did not participate in creating these materials and maintains that the statements made were factual. The Company has engaged Strattners to enhance brand awareness in the U.S. Since trading began on OTC Markets, stock volumes have been sporadic, though a significant increase was noted on the date of the newsletters.
AdvanceTC Limited has reached the final stage in launching its innovative X7U, the world's first global satellite Android phone. The device connects to the Iridium satellite network, offering comprehensive earth coverage. With approximately 1.5 million satellite phone users in the USA, AdvanceTC aims to cater to this market by providing multi-mode communication capabilities. The rugged X7U features include advanced satellite messaging, emergency services, and robust specifications, such as a Qualcomm Snapdragon processor and a high-capacity battery. The company is focused on expanding its market share through innovative communication solutions.
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