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Friday, March 31, 2023

Orbsat’s (NASDAQ: OSAT) GTC Ink Agreement with Alibaba

Orbsat Corp. (NASDAQ: OSAT) disclosed Tuesday that its unit Global Telesat Communications (GTC) unit has inked an agreement with Alibaba.com. Alibaba.com. is the B2B e-commerce website maintained and controlled by Alibaba Group Holding Limited, also known as Alibaba Group (NYSE: BABA). It has been disclosed that Global Telesat Communications Unit has gained authorization as an Alibaba Gold Supplier as it Expands its Global Sales Activities.

Orbsat anticipates rolling out its new storefront during the third quarter with a broad range of satellite IoT and connectivity products. These will comprise Orbsat’s specific satellite tracking products, some of which manage using the firm’s many grounds station-based network processors and can be used to trace and watch the location of cars, trucks, trailers, boats, containers, animals, and other remote assets.

Furthermore, Alibaba.com presently has 26 million global active business partners offering services to customers in 190 countries in 19 different languages and receives over 340,000 product inquiries and over 20,000 RFQ’s daily. As a Gold Supplier, the highest level and most trusted seller category on Alibaba.com, GTC considerably increases its 24/7/365 e-commerce presence with the rollout of its latest global storefront.

OSAT disclosed that with its rollout on Alibaba.com, the world’s largest B2B platform, the firm is considerably speeding up its global expansion plans, growing, and strengthening its e-commerce reach into nearly every country. Additionally, the firm is also planning to get new integration alliances including joint commerce structures with additional connectivity partners such as those in the CubeSat space which can utilize its extended e-commerce platforms and ground station-based infrastructure.

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