uCloudlink Accelerates Business Expansion and Strengthens Local Distribution Network in the United States with NewCore Wireless

Rhea-AI Summary

On February 22, 2021, uCloudlink Group Inc. (NASDAQ: UCL) announced its accelerated business expansion in North America through a strengthened partnership with NewCore Wireless. Established in October 2020, this collaboration allows NewCore Wireless to distribute uCloudlink's mobile broadband devices in the U.S. The growing reliance on high-quality network connectivity during the pandemic highlights the importance of uCloudlink’s Cloud SIM technology, which offers flexible mobile data services. The company aims to expand its global presence through strategic local partnerships.

Positive

• Strengthened partnership with NewCore Wireless enhances distribution capabilities in the U.S.
• Cloud SIM technology enables flexible and high-quality mobile data services.
• Growing demand for reliable connectivity due to increased remote work and study.

Negative

• None.

HONG KONG, Feb. 22, 2021 /PRNewswire/ -- UCLOUDLINK GROUP INC. (NASDAQ: UCL, "uCloudlink"), the world's first and leading mobile data traffic sharing marketplace, is fast-tracking its business expansion in North America with the support of its burgeoning local sales partnerships. uCloudlink is continuing to strengthen its partnership with NewCore Wireless LLC ("NewCore Wireless"), a leading technology solution provider for rural carriers based in the U.S., whilst simultaneously seeking new cooperation opportunities in different regions across the country.

uCloudlink and NewCore Wireless' cooperation came into effect in October 2020, and will see NewCore Wireless import, market and distribute uCloudlink's mobile broadband (MBB) devices in the US. The establishment of the partnership despite a slowdown in travel during COVID-19 is a testament to the widespread applications of uCloudlink's products and services, and an example of the uCloudlink's cost-effective way of global expansion. Using its patented Cloud SIM technology, uCloudlink elevates NewCore Wireless' users data connectivity experience both at home and abroad.

With more people working, studying, and spending leisure time at home, the internet has become an essential part of daily life. In turn, demand for access to reliable and high-quality network connectivity has increased, and the importance of mobile data traffic has become increasingly prominent. User requires access to steady and superior mobile data connectivity services domestically and cross-border travel.

As the world's leading mobile data traffic sharing marketplace, uCloudlink's Cloud SIM technology enables end users to freely and flexibly use mobile data services provided by different service operators without being restricted by geography and carriers' roaming agreements. The devices with Cloud SIM technology can detect users' location of network coverage which is then transmitted to uCloudlink's PaaS and SaaS platform. The platform then analyzes the relevant data and network coverage status and instantly utilizes the best suitable resource, in order to provide users with stable, high-quality mobile connection services.

uCloudlink's PaaS and SaaS platform can also allow business partners to manage SIM cards and data traffic to optimize network connectivity and utilization efficiency. The company offers a number of cooperation models for its local partners in the U.S., such as value-added services for travel-related organizations and distribution of its GlocalMe products and services and other innovative products and services for enterprise users.

To date, uCloudlink's data connectivity service has been expanded worldwide, including North America, Europe, Japan and China. Through strategic collaborations with local partners in various countries and regions, uCloudlink can quickly and seamlessly establish a strong local network in its PaaS and SaaS ecosystem — enabling the company to rapidly and sustainably expand its presence across the globe.

About UCLOUDLINK GROUP INC.

uCloudlink is the world's first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company's products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

View original content:http://www.prnewswire.com/news-releases/ucloudlink-accelerates-business-expansion-and-strengthens-local-distribution-network-in-the-united-states-with-newcore-wireless-301232222.html

SOURCE UCLOUDLINK GROUP INC.

FAQ

What is uCloudlink's recent business expansion strategy in North America?

uCloudlink is expanding its business in North America by strengthening its partnership with NewCore Wireless for device distribution.

When did uCloudlink partner with NewCore Wireless?

uCloudlink's partnership with NewCore Wireless commenced in October 2020.

How does uCloudlink's Cloud SIM technology benefit users?

Cloud SIM technology provides users with flexible access to mobile data services across geographies without being restricted by carrier agreements.

What key market is uCloudlink targeting with its recent initiatives?

uCloudlink is targeting the North American market with a focus on enhancing mobile broadband services.

What are the implications of COVID-19 on uCloudlink's business model?

Despite a slowdown in travel due to COVID-19, uCloudlink's products have shown widespread applications highlighting their relevance.