Carlotz Inc
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Consumer Discretionary : Specialty Retail |
Company profile

CarLotz, Inc., formerly Acamar Partners Acquisition Corp., operates vehicle consignment and retail remarketing business. The Company provides its corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the retail sales channel. It operates a technology-enabled buying, sourcing and selling model that offers an omni-channel and selection of vehicles, while allowing for an end-to-end electronic commerce interface that enables buying and selling. The Company's Retail Remarketing technology provides its corporate vehicle sourcing partners with real-time performance metrics and data analytics, along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channel. The Company offers its products and services to corporate vehicle sourcing partners, retail sellers of used vehicles and retail customers seeking to buy used vehicles.

Closing Price
$1.80
Day's Change
-0.13 (-6.74%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.04
Day's Low
1.80
Volume
(Heavy Day)
Volume:
1,687,334

10-day average volume:
1,276,528
1,687,334

Porter Airlines Selects Viasat for In-Flight Connectivity on its New Embraer E195-E2 Aircraft

8:00 am ET November 18, 2021 (PR Newswire) Print

Viasat Inc. (NASDAQ: VSAT), a global communications company, and Porter Airlines today announced Viasat's industry-leading in-flight connectivity (IFC) solution has been selected for the Toronto-based airline's 30 new Embraer E195-E2 aircraft. The new aircraft will be linefit with Viasat's high-speed, reliable in-flight internet system and are expected to enter service in the second half of 2022. Porter is preparing to grow beyond its current regional eastern Canada- and U.S.-focused network to include routes to the west coast, southern U.S., Mexico and the Caribbean.

Leveraging the Company's unrivaled capacity across its network of geosynchronous satellites, Viasat's IFC service will provide a high-speed internet experience in the sky.

"Introducing the E2 into Porter's fleet gives us the ability to serve customers across North America," said Kevin Jackson, executive vice president and chief commercial officer. "Using Viasat's technology allows us to create a distinct digital passenger experience for longer routes that builds on our award-winning approach to hospitality."

Don Buchman, Viasat vice president and general manager, Commercial Aviation, said, "From our initial conversations with the Porter Airlines team, it was clear they place a high-value and emphasis on delivering an enhanced experience. Our proven IFC system delivers on this promise, which enables their passengers to benefit from the speeds, capacity and coverage offered by our ViaSat-2 satellite today, as well as our next-generation satellite constellation, ViaSat-3, in the future."

For more information on Porter Airlines, visit: www.flyporter.com. More information on Viasat's commercial aviation solutions can be found here.

About Porter AirlinesPorter Airlines provides a warm and effortless approach to hospitality, restoring glamour and refinement to air travel. Porter is an Official 4 Star Airline(R) in the World Airline Star Rating(R).

The airline currently offers flights to Toronto, Ottawa, Montreal, Quebec City, Fredericton, Saint John, Moncton, Halifax, St. John's, Thunder Bay, Sault Ste. Marie, Sudbury, Timmins, Windsor, New York (Newark), Chicago (Midway), Boston and Washington (Dulles), and has seasonal flights to Mt. Tremblant, Que., Muskoka, Ont., Myrtle Beach, S.C., and Stephenville, N.L.

Visit www.flyporter.com or follow @porterairlines on Instagram, Facebook and Twitter. Details of growth plans to provide North America-wide service are available at flyporter.com.

About ViasatViasat is a global communications company that believes everyone and everything in the world can be connected. For 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are--on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.

Forward-Looking StatementsThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include among others, statements related to Viasat and Porter Airlines' relationship; the introduction of Viasat's IFC service on Porter Airlines' Embraer E195-E2 aircraft; the enhanced, at-home internet experience passengers and crew can expect; Porter Airlines' plan to make the service available to all passengers; the availability, capabilities and performance of the Viasat in-flight internet equipment; the timing to connect the Porter fleet and the number of aircraft to be connected, and the satellites used to provide the service, including the future speed, capacity and coverage of the ViaSat-3 satellite constellation. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of the satellite(s) used to supply these services, including the effect of any anomaly, operational failure or degradation in satellite performance; contractual problems; product defects; manufacturing issues or delays; regulatory issues; technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and other factors affecting the aviation sector generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.

Copyright (C) 2021 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

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View original content:https://www.prnewswire.com/news-releases/porter-airlines-selects-viasat-for-in-flight-connectivity-on-its-new-embraer-e195-e2-aircraft-301427744.html

SOURCE Viasat, Inc.

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