Gogo AVANCE LX5 Receives STC and
PMA
BROOMFIELD, Colo., Dec. 20,
2023 /PRNewswire/ -- Gogo Business Aviation's
(NASDAQ: GOGO) 5G program continues to gain momentum passing
another critical milestone with the new AVANCE LX5 receiving
Supplemental Type Certification (STC) and Parts Manufacturer
Approval (PMA) from the Federal Aviation Administration (FAA).
"Receiving formal approval from the FAA to produce and
manufacture the AVANCE LX5 Line Replaceable Unit
(LRU) reaffirms our commitment to Gogo 5G as we march toward
our launch date," said Sergio
Aguirre, president of Gogo. "We built LX5 on the AVANCE
platform as a smaller, single-box option to make the installation
of Gogo 5G even easier for customers."
The first-article STC for the onboard 5G system was completed by
Duncan Aviation's Engineering & Certifications Services team on
a Citation Excel aircraft. Gogo's dealer network and OEM partners
are actively pursuing multiple STCs that will certify the Gogo
AVANCE LX5 system for installation across a variety of business
aircraft models. Once the 5G chip is available, a minor STC
modification will be required before customer installations of the
LX5 can begin.
Gogo 5G is expected to provide ~25 Mbps on average, with peak
speeds in the 75-80 Mbps range, outperforming any competitive
geosynchronous (GEO) satellite or air-to-ground (ATG) solution.
Intentionally engineered to deliver high throughput with very low
latency for multiple users, Gogo 5G will meet the increased demand
for data-heavy services and applications being used today and those
coming in the future.
The LX5 was designed with the same form factor and same
connections as the L5 to help streamline installation. Customers
can pre-provision for Gogo 5G today by installing the multi-band
(MB13) 5G antennas and an AVANCE L5 LRU. The L5 system will operate
on the Gogo Biz 4G network until Gogo 5G launches, which is
expected in the third quarter of 2024. At that time, they will be
eligible to receive a free LX5 to swap with their existing L5
LRU.
The full network of authorized Gogo dealers and AVANCE
installation rebate opportunities are available at
www.gogoair.com.
About Gogo
Gogo is the world's largest provider of broadband connectivity
services for the business aviation market. We offer a customizable
suite of smart cabin systems for highly integrated connectivity,
inflight entertainment and voice solutions. Gogo's products and
services are installed on thousands of business aircraft of all
sizes and mission types from turboprops to the largest global jets,
and are utilized by the largest fractional ownership operators,
charter operators, corporate flight departments and
individuals.
As of September 30, 2023, Gogo
reported 7,150 business aircraft flying with its broadband ATG
systems onboard, 3,784 of which are flying with a Gogo AVANCE L5 or
L3 system; and 4,395 aircraft with narrowband satellite
connectivity installed. Connect with us at www.gogoair.com.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, without limitation, statements regarding our
business and financial outlook, capital allocation strategy and
plans and other financial and operating information. When used in
this discussion, the words "anticipate," "assume," "believe,"
"budget," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "should," "will,"
"future" and the negative of these or similar terms and phrases are
intended to identify forward-looking statements in this press
release.
Forward-looking statements reflect our current expectations
regarding future events, results or outcomes, including the launch
of AVANCE LX5 and Gogo 5G. These expectations may or may not be
realized. Although we believe the expectations reflected in the
forward-looking statements are reasonable, we can give you no
assurance these expectations will prove to have been correct. Some
of these expectations may be based upon assumptions, data or
judgments that prove to be incorrect. Actual events, results and
outcomes may differ materially from our expectations due to a
variety of known and unknown risks, uncertainties and other
factors. Although it is not possible to identify all of these risks
and factors, they include, among others, our ability to develop and
deploy Gogo 5G or other next generation technologies; the
ability of our subcontractor to remedy the error in the non-5G
component of the chip, which has delayed the deployment of Gogo 5G
to its expected launch date; our ability to deliver the expected
performance capabilities of any new technology, including, without
limitation, AVANCE LX5; and other events beyond our control that
may result in unexpected adverse operating results.
Additional information concerning these and other factors can
be found under the caption "Risk Factors" in our annual report on
Form 10-K for the year ended December 31,
2022, as filed with the Securities and Exchange Commission
on February 28, 2023, and in our
quarterly reports on Form 10-Q as filed with the SEC on
May 3, 2023, August 7, 2023, and November 7, 2023.
Any one of these factors or a combination of these factors
could materially affect our financial condition or future results
of operations and could influence whether any forward-looking
statements contained in this report ultimately prove to be
accurate. Our forward-looking statements are not guarantees of
future performance, and you should not place undue reliance on
them. All forward-looking statements speak only as of the date made
and we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Media Relations
Contact:
|
Investor Relations
Contact:
|
Caroline
Bosco
|
William
Davis
|
+1
312-517-6127
|
+1
917-519-6994
|
cbosco@gogoair.com
|
wdavis@gogoair.com
|
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SOURCE Gogo Business Aviation