AERKOMM Powers Ahead the Merger Plan with EJECTT Endeavoring in Global Military Communication Systems and 6G Opportunities

Rhea-AI Summary

AERKOMM Inc. accelerates merger negotiations with EJECTT Inc. to capitalize on the growing SatCom market in Taiwan. The merger aims to integrate resources for global military-grade communication systems and 6G satellite communication opportunities.

FREMONT, Calif., March 4, 2024 /PRNewswire/ -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM), an innovative satellite communication technology company providing solutions to both public and private sectors, announces the acceleration of negotiations in the merger discussions with EJECTT Inc. (3089.TWO). Following the signing of a Letter of Intent (LOI) for a merger between the company's subsidiary, AERKOMM Taiwan Inc., and EJECTT Inc.  in July 2023, the Board of Directors authorized the management on February 22, 2024, to expedite negotiations on the terms of the merger to capitalize on the rapid growth of the SatCom business in the Taiwan market.

In the months ahead, active discussions will be conducted on key merger details. With EJECTT as AERKOMM Taiwan Inc.'s exclusive agent in Taiwan, the accelerated merger aims to seamlessly integrate resources in both entities, with the goals of pursuing opportunities in the deployment of global military-grade communication systems, as well as satellite communication opportunities in 6G, which are the key trends highlighted at the 2024 Mobile World Congress (MWC).

The satellite communication market in Taiwan is currently experiencing robust growth, driven by integration applications in government-related satellite communications. EJECTT has successfully secured several contracts since 2021, with projects spanning multiple years. As global satellite constellation operators expand their presence, there will be a strong demand for continued end-to-end system integrations for Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Orbit (GEO), alongside advanced HTS semiconductor antennas, software-defined radio modems, and waveforms, which are unique strengths of AERKOMM Taiwan and EJECTT. Moving forward, the contracts obtained by EJECTT are set to transition from successful completion of military-grade operational tests and evaluations to real-world applications across various sectors. With EJECTT having secured AVL (Approved Vendor List) qualification, the market for its services can now be further expanded from aviation to the mobility sector. And AERKOMM is actively exploring opportunities in the global military communication system arena.

Furthermore, in the transition to 6G as defined by 3GPP, the Non-Territorial Network (NTN) plays a major role in communication standards, particularly in utilizing satellites and High-Altitude Platform Stations (HAPS) to extend coverage to the sky, sea, space, and other locations not currently covered by mobile communication systems. Moreover, satellite communication remains a prominent topic in 6G discussions at the 2024 Mobile World Congress (MWC) held in February. And on February 26, the Governments of the United States, Australia, Canada, the Czech Republic, Finland, France, Japan, the Republic of Korea, Sweden, and the United Kingdom jointly announced a statement endorsing principles for 6G. These shared principles aim to foster collaboration in promoting open, free, global, interoperable, reliable, resilient, and secure connectivity. In the era of 6G, AERKOMM is endeavoring to seize business opportunities within the 6G ecosystem, collaborating closely with global telecom operators, telecommunications equipment providers, and solution providers.

AERKOMM remains committed to developing and integrating satellite communication technology and solutions. In addition to fostering partnerships and strong engagement with major global players, the company is continuously pursuing its goal of guiding the future of satellite communication for a better-connected world.

Press Contact: Jessica Hsu
AERKOMM Inc. – Spokesperson

Tel: +1 877 742 3094
E-mail: jessica.hsu@aerkomm.com
www.aerkomm.com

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SOURCE Aerkomm Inc.

FAQ

What is AERKOMM Inc.'s current focus in the merger discussions with EJECTT Inc.?

AERKOMM Inc. is focusing on accelerating negotiations with EJECTT Inc. to capitalize on the rapid growth of the SatCom business in the Taiwan market.

What key trends are highlighted in the merger discussions between AERKOMM Inc. and EJECTT Inc.?

The key trends highlighted in the merger discussions include pursuing opportunities in global military-grade communication systems and satellite communication opportunities in 6G.

What is EJECTT Inc.'s role in the accelerated merger with AERKOMM Taiwan Inc.?

EJECTT Inc. serves as AERKOMM Taiwan Inc.'s exclusive agent in Taiwan, aiming to seamlessly integrate resources in both entities.

What is the current market growth driving the satellite communication market in Taiwan?

The satellite communication market in Taiwan is experiencing robust growth driven by integration applications in government-related satellite communications.

What unique strengths do AERKOMM Taiwan and EJECTT bring to the satellite communication market?

AERKOMM Taiwan and EJECTT offer advanced HTS semiconductor antennas, software-defined radio modems, and waveforms for end-to-end system integrations in LEO, MEO, and GEO orbits.

What role does Non-Territorial Network (NTN) play in communication standards for 6G?

NTN plays a significant role in utilizing satellites and HAPS to extend coverage to areas not currently covered by mobile communication systems in the transition to 6G.

What recent endorsement was made regarding 6G principles by several governments?

On February 26, several governments jointly announced principles endorsing open, free, global, interoperable, reliable, resilient, and secure connectivity in the 6G era.

What is AERKOMM Inc.'s goal in the 6G ecosystem?

AERKOMM Inc. aims to seize business opportunities within the 6G ecosystem by collaborating with global telecom operators, telecommunications equipment providers, and solution providers.