This is from Web site of Yippy's lawyer John H. Snyder PLLC.
He seems very confidence with Yippy - as he got paid with YIPI shares for $50 MM lawsuit against Magna group, and also Globalstar is really got into Yippy.
Yippy Launches Into Space With Globalstar Deal
January 04, 2016
Data technology company Yippy, Inc. (YIPI:OTC) has entered the global data space race by entering into a long-term agreement with Globalstar, Inc. (GSAT).
Historically, satellite internet and data service has been limited by slow download speeds. Yippy, which holds a perpetual license to IBM Watson Explorer technology, has developed its EASE 360 software solution that dramatically increases satellite data performance. In order to leverage this unique capability, Yippy has entered into a 20-year agreement with Globalstar, a leading provider of low earth orbit satellite voice and data communications.
The agreement enables Yippy to bring its customers industry leading satellite internet service, in addition to giving Yippy exclusive rights to sell Yippy’s EASE 360 Platform to Globalstar’s nearly 700,000 subscribers. Yippy also receives colocation rights with respect to 20% of Globalstar’s 26 ground stations worldwide. Yippy will utilize its access to the Globalstar network to provide affordable broadband-like internet access to locations not served by terrestrial internet - which includes more than 4 billion people around the world.
Yippy was advised in this transaction by Thomas C. Sima and John H. Snyder. We congratulate Rich Granville, John Macartney, and everyone at Yippy on this remarkable deal.
Yippy, Inc. (“Yippy”) is pleased to announce that it has entered into a long-term agreement with Globalstar, Inc. (“Globalstar”), a leading provider of satellite voice and data communications.
In the coming weeks and months, Yippy will work closely with Globalstar to make available to Globalstar’s nearly 700,000 customers the Yippy EASE 360 platform and proprietary data compression, optimization and security software (the “Yippy Data Software”). Globalstar, already an industry leader, recently deployed a constellation of second-generation high-speed satellites. Yippy’s agreement with Globalstar signifies a mutual commitment to make Globalstar satellite voice and data service the gold standard in low-latency ubiquitous satellite communications for the next generation. This agreement creates five new and discrete business verticals for Yippy:
Yippy has acquired the right to purchase (at highly competitive wholesale pricing terms) and resell up to twenty percent (20%) of Globalstar’s network capacity. This will enable Yippy to resell Globalstar services and equipment to its own customers (together with access to the Yippy Data Software), who will benefit from enhanced data functionality and competitive pricing terms. Yippy believes that the Yippy Data Software will make satellite data and internet communications feasible for significant categories of customers previously discouraged from using satellite technology by slow data speeds and/or costs. We are in active discussions with potential partners who will assist Yippy in bringing satellite internet to un-connected regions of the world.
(For the full sentences, Go to the OTC market site for YIPI.