$SCNG Holds Channel Support as Communications Segment BlossomsSCNG shares have been in a channel pattern, with key support now checked and held over recent days.
The company has lined up a number of interesting catalysts, and may be poised for a retest of the channel highs, which would entail a potential near-term doubling in price.
SC Holdings Corp (OTCMKTS:SCNG) just recently announced, along with Pareteum Corporation (Nasdaq:TEUM), a global cloud communications platform company, that the two have partnered to launch the Strattner Voice brand, a GSM cellular network complementing its satellite communications network Strattner.Space.
According to the release, Strattner Technologies will utilize Pareteum's Experience Cloud platform to enter the mobile communications market with the mission to reconnect Americans with their friends, family and business associates both in the US and across the world, in these pandemic times. Strattner is bridging the gap between cellular and satellite networks on a single smartphone device. Strattner.Space, the Satellite communications division of the company, has strategically combined with Strattner Cellular division to bring this product solution to market.
David Blunk, CTO of Strattner Group stated, "We are very excited about the opportunity to go to market with a unified cellular solution that integrates rural market coverage on satellite technology."
This move opens up the unique potential of a niche in which the company provides service across geographic and socioeconomic divides by bridging the satellite and cellular communications worlds with a single device or platform. That holds enormous potential.
