Global inflight connectivity provider sees large growth opportunity in the market
CHENNAI, January25, 2018— Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services foraviation, announced today that it is entering the India market by establishing a technology development centerin Chennai, with plans to be fully operational by March 2018.
Gogo will commence its operations in Chennai with ateam of approximately 30 engineers and developers, and it expects to increase the headcountto approximately 100 by the end of 2018. The Chennai facility and team are being established as part of Gogo’s continued international expansion and will support the company’s inflight connectivity technology development and engineering efforts.The facility will also support Gogo’s marketing efforts with India-based airlines as the market for inflight services opens up in theregion.
“We are excited to set up base in India with our facility in Chennai. Our presence in India provides access to a large pool of technology and software talent, which will enable us to acceleratethe development of our inflight connectivity and entertainment solutions and introduce them to the market,” said Anand Chari, Executive Vice President and Chief Technology Officer at Gogo. “In addition, the proximity of this facilityto our growing base of customers in the Asia Pacific and EMEA region will allow us to better serve such customers.”
With more than 25 years of experience, Gogo is the global leader in inflight connectivity and wireless entertainment services for commercial and business aircraft.Today, Gogo has 19 commercial airline partners and provides services and solutions tomore than 3,000 commercial aircraft and more than 4,200 business aircraft around the world.
Using its large portfolio of networks, inflight systems, inflight services and support capabilities, Gogo works with aviationpartners ontheir operational and business needs to meet the current and future demands of their passengers. Worldwide, Gogo has launched various inflight connectivity solutions over the years, most notablyGogo 2Ku, the company’s latest – and the industry’s most advanced – satellite technology,which offerspassengers an Internet experience comparable to what they experience on the ground.
About Gogo:
Gogo is the Inflight Internet Company. We are the leading global provider of broadband connectivity products and services for aviation. We design and source innovative network solutions that connect aircraft to the Internet and we develop customizable services for our aviation partners. Once connected, we provide industry leading reliability around the world. Our mission is to help aviation go farther by making planes fly smarter, so our aviation partners perform better and their passengers travel happier.You can find Gogo’s products and services on thousands of aircraft operated by the leading global commercial airlines and thousands of private aircraft, including those of the largest fractional ownership operators. Gogo is headquartered in Chicago, IL with additional facilities in Broomfield, CO and locations across the globe. Connect with us at gogoair.com.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include “forward-looking statements” that are based on management’s beliefs and assumptions and on information currently available to management. Most forward-looking statements contain words that identify them as forward-looking, such as “anticipates,” “believes,” “continues,” “could,” “seeks,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “would” or similar expressions and the negatives of those terms that relate to future events. Forward-looking statements involve known and unknown risks, trends and uncertainties, many of which may be beyond our control, that may cause Gogo’s actual results, performance or achievements to be materially different from any projected results, performance or achievements expressed or implied by the forward-looking statements. Such risks, trends and uncertainties include those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on February 24, 2017 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 filed with the SEC on May 4, 2017. Forward-looking statements represent the beliefs and assumptions of Gogo only as of the date of this press release and Gogo undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
