uCloudlink Group Inc. (NASDAQ:UCL) Q3 2022 Earnings Call Transcript

And the third the local market, including IoT and including the local requirement for the better coverage. So it’s getting more and more, I think, more and more industry and people need better coverage to providing a better service. So these are three key reasons that because our product can provide the best coverage compared to other products. So we win more and more market share in this market.

Vivian Zhang: Okay. Got it. So can you share with us like who are the main competitors of you in the North American market?

Chaohui Chen: Yes, there are — in different areas, we have different competitors. There are some competitors like Sky Long, they are similar technology. But we can provide much wider product line and much better quality because we come from the telecom industry, and we understand the quality is — how important to the market. So we invest a lot in our products. That’s why we are currently the only one vendor who can provide a global 5G long solution, which is no other product can provide, the case. The other case is we — our product is the best seller in the for the Cloud SIM technology in the Amazon market, you can see our market share there. And also our customers understand our quality product patent is in a leading position in this market. This help us quickly exploring the U.S. market and the market share increased very quickly.

Vivian Zhang: Okay, I see. Thank you. That’s all my questions.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Jillian Zeng for any closing remarks.

Jillian Zeng: Okay. Thanks everyone for joining us. If you have any questions, please contact uCloudlink’s Investor Relations through the contact information provided on our website, or contact our Investor Relations firm on the Equity Group. Thank you, everyone.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.

Chaohui Chen: Thank you.