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Highlights Continued Progress in Enhancing Business Aviation Platform
BROOMFIELD, Colo., Sept. 18, 2020 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today commented on the decision by the U.S. Patent and Trademark Office ("PTO") not to review U.S. Patent No. 9,312,947 ("the '947 patent") granted to SmartSky Networks, LLC. As previously, disclosed Gogo requested that the PTO examine the validity of the 947 patent.
"We disagree with the PTO's decision not to review the 947 patent," said Sergio Aguirre, president of Gogo Business Aviation. "To be clear, Gogo reiterates our strong belief that we are not infringing any valid patent held by SmartSky. Furthermore, neither the PTO's decision nor SmartSky's patent portfolio in any way impairs our ability to continue to successfully expand, to launch Gogo 5G or to enhance our position in the business aviation market. Today, our systems are flying on more than 5,550 business jets, including more than 1,000 AVANCE L5 systems and nearly 450 L3 systems providing connectivity to business aircraft of all types and sizes."
Aguirre continued, "We are committed to continuing to set the standard for inflight connectivity in business aviation as we progress toward the launch of Gogo 5G and further enhance the scale and profitability of our Business Aviation segment."
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 develop software and platforms that enable customizable solutions for and by 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.
Gogo's products and services are installed 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, with additional facilities in Broomfield, Colo., 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 within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources 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. 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 effectively evaluate and pursue strategic opportunities.
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, 2019, as filed with the Securities and Exchange Commission ("SEC") on March 13, 2020, our quarterly report on Form 10-Q for the quarter ended March 31, 2020, as filed with the SEC on May 11, 2020, and our quarterly report on Form 10-Q for the quarter ended June 30, 2020, as filed with the SEC on August 10, 2020.
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.
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