uCloudlink Group Inc. (NASDAQ:UCL) Q4 2022 Earnings Call Transcript

So that’s our forecast based on our €“ based on this and our year 2023 forecast is based on this assumption. And we believe maybe since will go more better €“ so if the things go more better and we will get more better result. So that’s from the China and Southeast Asia, like Japan and Korea, they are open as early as like in Europe, in the United States. I think this year, major from East Asia and China, we get at least 40% to 50% recovery. And next year, we are fully recovered. That’s our expectation.

Vivian Zhang: Okay. Thank you, Mr. Chen. My next question will be about product. Are there any products the company plans to launch or update in 2023? If so, can you briefly introduce them?

Chaohui Chen: Yes. So, we have €“ even last year, we create a challenging year, but our R&D is the highway investment in the R&D side. So you can see these years, we will not only launch the 5G product less leading in the industry. Currently, almost €“ it’s the only one product can roaming all the 5G network in the world. This will build our leading position for commercial business traveler. So that’s €“ we believe that’s the best connection experience for international market. That’s one side. Another side, we were in near term, we will €“ in next month, we will launch a world’s small product, just more creative product. So we call . So this will be around in near term. So that’s another creative product. It’s very €“ smaller than just a credit card.

So it’s really €“ it’s a smallest in the world. So that’s another creative product. It’s easy for caring for the international and the local improvement for the network and roaming. Also we have some other new products for mobile broadband and fixed broadband convergence product and 5G and CPE and the high cap CPE, these were another more viable network for fixed and mobile convergence. And also this year, we will launch one €“ marketplace of 1.0 solution marketplace up for 1.0 app. And this app were launched in near term also. Then we can meet the different requirements of the user for roaming, not only just for CloudSIM. So also we find €“ so we can meet almost various all kinds of the customer need for travel. So then we can attract more customers and provide a more €“ attach more customers’ catalog and segment.

So this will increase our customer appointment and also our influence for the roaming solution. So that’s another new product, we will launch, that’s for software and hardware as well. So basically, also as we have some other new products we launched at the end of the year, so that’s a near term, I can show to you for the product we launched in the year 2023. Yes. By the way, so for the IoT side, we have a lot of new product launches like IP camera, like industry motor and also more product impact into the like a power supply a solar power systems, et cetera. The more and more IoT sense product will embed our CloudSIM solution, which can provide the better courage and reliable network connection, and we save the cost and statement cost and also launch costs and also the maintenance costs that are an advantage and also enhance the reliability of the IoT network.

So that’s some €“ there’s quite a lot of the new solutions, especially our marketplace and we gained some software launch in these years.

Vivian Zhang: Okay. Got it. Thank you for detailed information. Just to make sure these projects and hardware updates will be launched to global markets, right, not just some certain markets like Japan or USA or something right?