{"id":17220,"date":"2021-08-27T04:50:00","date_gmt":"2021-08-27T04:50:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/08\/27\/importance-of-technology-development-under-pandemic-satellite-smartphone-innovator-advancetc-seeks-nasdaq-listing\/"},"modified":"2021-08-27T04:50:00","modified_gmt":"2021-08-27T04:50:00","slug":"importance-of-technology-development-under-pandemic-satellite-smartphone-innovator-advancetc-seeks-nasdaq-listing","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/08\/27\/importance-of-technology-development-under-pandemic-satellite-smartphone-innovator-advancetc-seeks-nasdaq-listing\/","title":{"rendered":"Importance of Technology Development Under Pandemic &#8211; Satellite Smartphone Innovator AdvanceTC Seeks Nasdaq Listing"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\"><!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p>KUALA LUMPUR, MALAYSIA\u00a0&#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 27 August 2021\u00a0&#8211; Global development has&#13;<br \/>\nbeen disrupted by the Covid-19 pandemic, <a href=\"https:\/\/advancetc.com\/\">Advance Technology Innovator&#13;<br \/>\n(AdvanceTC)<\/a> as part of the satellite technology industry chain, stay firm with&#13;<br \/>\nthe development plan and targeting a listing on the Nasdaq Capital Market by second&#13;<br \/>\nquarter of next year.<\/p>\n<p width=\"420\" height=\"315\" src=\"http:\/\/v.qq.com\/iframe\/player.html?vid=h327198k9zl+&amp;tiny=0&amp;auto=0\" frameborder=\"0\" allowfullscreen=\"\" align=\"center\"><iframe loading=\"lazy\" width=\"420\" height=\"315\" src=\"http:\/\/v.qq.com\/iframe\/player.html?vid=h327198k9zl+&amp;tiny=0&amp;auto=0\" frameborder=\"0\" allowfullscreen=\"\" align=\"center\"><a href=\"https:\/\/v.qq.com\/x\/page\/h327198k9zl.html\"><img class=\"qq-thumbnail\" src=\"https:\/\/release.media-outreach.com\/release.php\/Images\/172662\/PressReleaseTMPPRZV1n.jpg#image-172662\"\/><\/a><\/iframe><\/p>\n<h5 style=\"text-align: center\"><span style=\"font-weight: normal\">AdvanceTC Breaking Highlight | Interviewed by BC WORLD NEWS CHANNEL LIVESTREAM<\/span><\/h5>\n<p style=\"text-align: center\"><img src=\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/172643\/ATC-image.JPG#image-172643\" width=\"500\"\/><\/p>\n<h5 style=\"text-align: center\"><span style=\"font-weight: normal\">AdvanceTC Marketing Sdn Bhd Director Lim Seh Jiang (Left), AdvanceTC Limited Chairman Lim Hooi Beng, and Marketing Director Dr Ang Kong Hiap\uff0c is presenting company&#8217;s satellite mobile phone.<\/span><\/h5>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>The funding from IPO will be utilize on the mass production of&#13;<br \/>\nsatellite smartphone products.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The new norm under pandemic Covid-19 has changed the global operational&#13;<br \/>\nmodel, and the mindset of human being, further highlighting the importance of&#13;<br \/>\ntechnology and satellite development. Due to the current technological&#13;<br \/>\ndevelopment, AdvanceTC has more sufficient strength and time to prepare for the&#13;<br \/>\nlisting plan.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>AdvanceTC director Jiang Lim says, &#8220;The epidemic has slowed&#13;<br \/>\ndown the global operation, but AdvanceTC stay firm by aiming to be listed on&#13;<br \/>\nthe Nasdaq exchange by second quarter of year 2022.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The company is currently dual listed on the National Stock&#13;<br \/>\nExchange of Australia (stock code:A88) and the US Over-The-Counter QB (OTCQB)&#13;<br \/>\nVenture Market. The US OTCQB Venture Market caters for US and international&#13;<br \/>\ncompanies that are in the entrepreneurial and development stage.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>According&#13;<br \/>\nto the valuation report conducted by professional valuer, Roma Appraisals&#13;<br \/>\nLimited, stated the company&#8217;s market value was approximately US$3.015 billion&#13;<br \/>\nas at 26th May 2021.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>For the&#13;<br \/>\nNasdaq listing plan, AdvanceTC is now interact with international financial&#13;<br \/>\nindustry players, helps gain more exposure of institutions investors to participate&#13;<br \/>\nin company future growth.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Recently, special purpose acquisition companies (SPAC) have&#13;<br \/>\nbecome a popular option for listing, but SPAC listing has less benefits to AdvanceTC.&#13;<br \/>\nThe company could independently list on the NASDAQ exchange with market value, which&#13;<br \/>\ndemonstrating the company&#8217;s strength.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>After the U.S stock market performing a bull market trend,&#13;<br \/>\nmarkets have been worried on adjustments and bubbles. Jiang Lim believes that&#13;<br \/>\nthere are three major industries will keep bullish, namely communications, new&#13;<br \/>\nmaterials, and energy sector.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Focusing on the blue ocean market, bringing safety to the&#13;<br \/>\npockets of risk groups<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Focusing on the blue ocean market, AdvanceTC will be utilizing&#13;<br \/>\nthe funding raised from IPO on mass production of Xplore X7U satellite&#13;<br \/>\nsmartphone, which will be available in September this year, as well as the&#13;<br \/>\nproduction of Xplore X8, a product with additional satellite data functions. X8&#13;<br \/>\ncomes with walkie-talkies and make calls via satellite function too.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;None of them in the market can achieve a product, with&#13;<br \/>\nthe combination of satellite phones and smart phones functions. Only we can do&#13;<br \/>\nit. This is the strength of our company.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;In Touch&#8221; is the company slogan of AdvanceTC, meaning &#8220;love&#13;<br \/>\nand contact&#8221;. The pockets of high-risk industry groups can always keep in&#13;<br \/>\ntouch with safety first.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Jiang Lim hopes to bring the convenience of satellite&#13;<br \/>\ncommunication to the world, begin with the mobile phone device.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The company main product Xplore X7U will be launched in&#13;<br \/>\nSeptember, with a target output of 500,000 units in the first year. For the coming&#13;<br \/>\nyear, the company&#8217;s production is expected to reach 2 million units.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Looking forward to the next 3 to 5 years, after AdvanceTC enters&#13;<br \/>\nproduct selling stage, the company will be able to turnover from loss to profit&#13;<br \/>\nwith the high profit margins products, and the customer portfolio majority are&#13;<br \/>\ngovernment units. Previous loss is due to the company focusing on R&amp;D, no&#13;<br \/>\nsales recorded and yet to reach mass production status.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>In addition, AdvanceTC have four marketing arms, mainly&#13;<br \/>\nresponsible for the US, Southeast Asia, and Asian markets. For United States as&#13;<br \/>\nan example, they are facing various natural disasters such as wind disasters&#13;<br \/>\nand floods. Therefore, satellite communication equipment is needed for&#13;<br \/>\nassistance in rescue activities.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The major sales markets are The United States, Philippines,&#13;<br \/>\nIndonesia, and Nepal. These are all island countries, and their fishery&#13;<br \/>\nindustry needs the communication devices to keep in touch. The main industries&#13;<br \/>\nof AdvanceTC focusing include not only fishermen but also government-owned&#13;<br \/>\nrescue, military, firefighting, and medical units. And field developments&#13;<br \/>\nincluding construction, logging, agriculture, adventure, and maritime such as&#13;<br \/>\nrecreational yacht.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Satellite smart phone + StarzChat to keep in touch at all&#13;<br \/>\ncorners of the world<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>AdvanceTC will launch its new product Xplore X7U satellite&#13;<br \/>\nsmartphone in September, which integrates three functions: smart, satellite and&#13;<br \/>\nintercom. The intercom function includes Tetra and DMR intercom channels.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Xplore X7U focuses on security, especially for special&#13;<br \/>\nhigh-risk industries. The limitations of 5G smartphones unable to achieve&#13;<br \/>\nremote communication functions. AdvanceTC wants to bring &#8220;safety&#8221;&#13;<br \/>\ninto everyone&#8217;s pocket, and you can be found no matter where you are.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Jiang Lim pointed out: &#8220;Only satellite services can&#13;<br \/>\nprovide remote communication. Our phones have security features. Even after 6&#13;<br \/>\ndays, you can be found in all corners of the world.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;Once this product is launched, we are ready to change&#13;<br \/>\nthe world and improve safety indicators.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Taking marine as an example, satellite communication devices&#13;<br \/>\nare only installed on the ships, they must get back to the ship to seek for emergency&#13;<br \/>\nhelp button. AdvanceTC satellite phones, as well as smart devices, allow this&#13;<br \/>\ngroup of users to put their safety in their pockets.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>AdvanceTC will simultaneously launch the StarzChat software,&#13;<br \/>\nwhich can be downloaded in major app stores, and everyone can get connected.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>StarzChat allows ordinary smartphone and satellite phone&#13;<br \/>\nusers to keep in touch through the apps. This software can also be connected to&#13;<br \/>\nthe MATRIX software, which currently been using by the police, fire, and&#13;<br \/>\nmilitary systems in the European and American markets, with 25 million of ready&#13;<br \/>\nusers.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>StarzChat has a port to connect with MATRIX, which will channel&#13;<br \/>\nusers to StarzChat and create huge potential value to the company. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>In addition, after the launch of the X8, AdvanceTC will&#13;<br \/>\nlaunch another Superphone, a three-in-one mobile phone comprising computers, smartphones,&#13;<br \/>\nand satellites functions.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The world is moving towards 5G development, but 5G has no&#13;<br \/>\nremote communication and needs backend satellite communication support.&#13;<br \/>\nSatellite communication is an efficient tool that can replace fiber optic&#13;<br \/>\nnetworks. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>While 5G and satellite communication technology complement&#13;<br \/>\neach other, low-orbit satellites can produce high traffic, thus it will be the&#13;<br \/>\ndevelopment trend of telecommunication sector in future.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Download NSX announcement here:\u00a0<a href=\"http:\/\/release-manager.media-outreach.com\/i\/Download\/172650\">http:\/\/release-manager.media-outreach.com\/i\/Download\/172650<\/a><\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-08-27\/92080\/importance-of-technology-development-under-pandemic-satellite-smartphone-innovator-advancetc-seeks-nasdaq-listing\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, MALAYSIA\u00a0&#8211;\u00a0Media OutReach\u00a0&#8211; 27 August 2021\u00a0&#8211; Global development has&#13; been disrupted by the Covid-19 pandemic, Advance Technology Innovator&#13; (AdvanceTC) as part of the satellite technology industry chain, stay firm with&#13; the development plan and targeting a listing on the Nasdaq Capital Market by second&#13; quarter of next year. AdvanceTC Breaking Highlight | Interviewed by &hellip;<\/p>\n","protected":false},"author":1,"featured_media":17221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17220"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17220"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/17221"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}