Iridium Leads Maritime Market with High-Performing Numbers
September 06 2016 - 2:00AM
Iridium Communications Inc. (NASDAQ:IRDM) announced today that over
the last 12 months, ending June 30, 2016, the company shipped over
2,200 Iridium Pilot® units, concluding with one of the best
quarters in company history. Iridium Pilot, which is powered
by Iridium OpenPort®, Iridium’s current global broadband service,
is one of the fastest growing maritime products in the Mobile
Satellite Service (MSS) industry today. Over the same
12-month period, Iridium OpenPort subscriber base increased by 9
percent across the company’s vast partner network and customer
base.
“We equip our customers' fleets with the most reliable
solutions, not only to ensure business continuity, but also so
personnel feel safe and connected to life on land,” said Tore
Morten Olsen, president maritime, Marlink. “We are
pleased to work with Iridium to provide truly global back up
coverage which we pair with our best-in-class Marlink Sealink VSAT.
By combining VSAT and MSS we are able to offer a broader
range of connectivity solutions for ship owners to choose from.
Therefore, Iridium is an important partner for Marlink to provide
the highest levels of flexibility for ship owners across all
maritime segments and vessel sizes.”
Iridium’s maritime line of business focuses on value, offering
Iridium Pilot packages that deliver reliable satellite
communications via the Iridium network, at prices that are flexible
for shipping companies and vessels of all sizes. The network,
which is a constellation located in low Earth orbit (LEO), is the
only truly global satellite constellation, providing robust and
reliable satellite connectivity anywhere on the planet, making it
an ideal provider for mariners, especially those traveling in
remote waters.
“It is an exciting time to work at Iridium and to be serving the
maritime industry,” said Wouter Deknopper, vice president and
general manager, maritime line of business at Iridium. “The strong
performance of Iridium Pilot, combined with Iridium’s progress
towards achieving certification to provide Global Maritime Distress
and Safety System (GMDSS) communications, and the next-generation
broadband service, Iridium CertusSM, on the horizon, demonstrates
that Iridium is poised to take the lead in one of the fastest
growing verticals in the satellite industry. We are proud to
be able to provide the industry what it needs, offering valuable
and flexible alternatives for mariners who need reliable
communications.”
The Iridium Pilot terminal can be used as a primary means of
communication on ships or as a VSAT backup solution. The
device has a small, rugged design and omnidirectional L-band
antenna, ensuring that it can perform in rough maritime
environments, without taking up too much space on any ship. The
Iridium team has prepared for the upcoming launch of Iridium NEXT,
the company’s next-generation satellite constellation, by ensuring
that all Iridium Pilot terminals are forward compatible, meaning
that existing equipment will work across both networks. For
more information about Iridium Pilot, please visit
https://iridium.com/products/details/iridiumpilot
About Iridium Communications Inc.
Iridium is the only mobile voice and data satellite
communications network that spans the entire globe. Iridium enables
connections between people, organizations and assets to and from
anywhere, in real time. Together with its ecosystem of partner
companies, Iridium delivers an innovative and rich portfolio of
reliable solutions for markets that require truly global
communications. The company has a major development program
underway for its next-generation network — Iridium NEXT. Iridium
Communications Inc. is headquartered in McLean, Va., U.S.A., and
its common stock trades on the NASDAQ Global Select Market under
the ticker symbol IRDM. For more information about Iridium
products, services and partner solutions,
visit www.iridium.com.
Forward Looking Statements
Statements in this press release that are not purely historical
facts may constitute forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. The Company has
based these statements on its current expectations and the
information currently available to us. Forward-looking statements
in this presentation include statements regarding the development
and capabilities of the Iridium NEXT constellation and services to
be offered over the constellation, including Iridium Certus.
Forward-looking statements can be identified by the words
"anticipates," "may," "can," "believes," "expects," "projects,"
"intends," "likely," "will," "to be" and other expressions that are
predictions or indicate future events, trends or prospects. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Iridium to differ materially from
any future results, performance or achievements expressed or
implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, uncertainties
regarding development and functionality of Iridium NEXT and related
services, potential delays in the Iridium NEXT deployment, and the
company's ability to maintain the health, capacity and content of
its satellite constellation, as well as general industry and
economic conditions, and competitive, legal, governmental and
technological factors. Other factors that could cause actual
results to differ materially from those indicated by the
forward-looking statements include those factors listed under the
caption "Risk Factors" in the Company's Form 10-K for the year
ended December 31, 2015, filed with the Securities and Exchange
Commission ("the SEC") on February 25, 2016, as well as other
filings Iridium makes with the SEC from time to time. There is no
assurance that Iridium's expectations will be realized. If one or
more of these risks or uncertainties materialize, or if Iridium's
underlying assumptions prove incorrect, actual results may vary
materially from those expected, estimated or projected. Iridium's
forward-looking statements speak only as of the date of this press
release, and Iridium undertakes no obligation to update
forward-looking statements.
Press Contact:
Diane Hockenberry
Iridium Communications Inc.
+1 (703) 287-7421
Diane.Hockenberry@iridium.com
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