NetworkNewsBreaks – Yippy, Inc. (YIPI) Secures Compression Software and Technology Deal with Globalstar (NYSE: GSAT)
Shares of Yippy (OTC: YIPI) are up 9% on news that it will support Globalstar, Inc.'s (NYSE: GSAT) initiative to market its compression software and intranet data services. Yippy also noted that it recently completed production level environment for Globalstar's Generation 2 network, surpassing performance requirements. Yippy's software platform features advanced data compression technology that significantly decreases webpage load times for Internet access and intranet document retrieval. "Satellite bandwidth is a finite asset, and most satellite providers have an immediate need to reduce bandwidth overhead per subscriber across their networks. Our compression technology does just that, and is production ready…