MCLEAN, Va. - September 7, 2011 - Iridium Communications Inc. (Nasdaq:IRDM) today announced its vision for the future of personal mobile satellite communications, Iridium Force™. This vision uses the power of the world's furthest reaching network to accelerate the development of enhanced personal communication capabilities for people and organizations everywhere. Iridium Force breaks the mold of traditional satellite industry go-to-market strategies by making Iridium technology more accessible and cost-effective for partners to develop a wider range of Iridium-based products and services. This new vision opens the licensing of core Iridium technologies as well as the company's most fundamental offering - global connectivity.
Visit www.iridiumannounces.com/force to download imagery and multimedia.
Five key tenets guide the Iridium Force strategy:
Iridium pioneered the satellite phone industry more than 10 years ago with the first handheld, commercial satellite phone," said Matt Desch, CEO, Iridium. "With Iridium Force, we are leading an industry transformation once again by significantly extending the universe of handheld connectivity options. Iridium Force is our strategic vision for rapidly connecting more people in ways never thought possible - even going beyond the limits of our own devices. Iridium Force is more than the launch of a new satellite phone; it signifies our commitment to enable powerful new capabilities including those devices that are already in customers' hands to work on the Iridium network - today and in the future."
New product and service offerings being announced today encompassing Iridium Force include:
Voice and Data Products
Location-Based Services (LBS) Data Offerings
Wi-Fi Products and Services
Iridium is also introducing new products and services that will allow Wi-Fi-enabled smartphones, tablets and laptops to connect anywhere on the Iridium global network.
Standard airtime charges apply for use over the Iridium network for the solutions listed above.
"A satellite-based hotspot and product suite will empower today's enterprise and consumer users, who demand ubiquitous connectivity on devices they are familiar with," said Yankee Group Analyst John Keough. "For multinational organizations, such a suite provides a simple global alternative to navigating the complex roaming agreements currently found on terrestrial networks."
For more information on Iridium Force and the products and services announced today, visit www.iridium.com.
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 ever-expanding 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 trades on the NASDAQ Global Select Market under the ticker symbols IRDM (common stock) and IRDMW ($7.00 warrants). For more information about Iridium products, services and partner solutions, visit www.iridium.com.
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. Forward-looking statements include statements regarding the timing of the development and introduction of new products and services by Iridium and its partners, anticipated improvements in accessibility and cost-effectiveness for partners to develop a wider range of Iridium-based products and services, and the development and deployment of the Iridium NEXT system. Other 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 the health, capacity and content of Iridium's current satellite constellation, Iridium and its partners' ability to develop and market new products and services, and the development of and transition to Iridium NEXT, 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, 2010, filed with the Securities and Exchange Commission ("SEC") on March 7, 2011, and in the company's Form 10-Q for the quarter ended June 30, 2011, filed with the SEC on August 8, 2011. 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.
Iridium Communications Inc.
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