MCLEAN, Va., Jan. 11, 2012 -- Iridium Communications Inc. (Nasdaq:IRDM) and KVH Industries, Inc., (Nasdaq:KVHI) announce an agreement to offer the first-ever, fully global, seamless broadband satellite communications service for the maritime market. Under the agreement, KVH will offer an integrated service package that combines its mini-VSAT BroadbandSM service and the Iridium OpenPort®broadband service. The combined offering will deliver the maritime industry the first seamless, truly global, broadband connectivity, helping mariners connect in ways never before thought possible.
"We are enthusiastic that KVH is our first distribution partner to launch Iridium's new VSAT companion service offering," said Greg Ewert, executive vice president, global distribution channels, Iridium. "We have optimized the Iridium OpenPort system to seamlessly integrate with a vessel's VSAT platform. The VSAT/Iridium solution eliminates the coverage gaps, data-rate limitations and comparatively high prices of other L-band mobile satellite service providers."
The integrated shipboard system will use common below-deck user interface equipment for voice and data connections, combining the Iridium OpenPort and KVH TracPhone® V3 or V7 terminals. KVH's CommBox™ shipboard network management tool automatically selects the mini-VSAT Broadband service or the Iridium OpenPort service using intelligent least-cost routing software. If mini-VSAT Broadband service is ever unavailable, the system immediately switches over to the Iridium OpenPort service without operator intervention. The Iridium OpenPort connection can also serve as a means to access the mini-VSAT Broadband terminal remotely as well as other shipboard maintenance and calibration equipment.
"KVH already has the largest Ku band VSAT global coverage offering, and the addition of Iridium now adds even remote regions such as the polar areas," said Brent Bruun, KVH senior vice president of global sales and business development. "The integrated system offers our customers an unbeatable combination of reliable, affordable broadband shipboard communications and seamless global connectivity. The lightweight, compact antenna units bring the benefits of low-cost broadband communications to both private yachts and fishing vessels as small as 30 ft (9 m) as well as large, ocean-going merchant ships."
KVH's breakthrough TracPhone V3 and V7 platforms, based on KVH's RingFireTM technology, offer robust and reliable download speeds up to 2 Mbps and clear voice connections through the world's smallest stabilized VSAT antenna. Combined with Iridium OpenPort's proven reliability and global coverage, it delivers a best-in-class communications solution.
Ewert noted that the integrated maritime service will be fully supported by Iridium's next-generation satellite constellation, which is scheduled to be deployed starting in early 2015.
"The Iridium NEXT design ensures backward compatibility for all earlier generation user equipment, and subscribers can be confident that their investment is secure and will not face obsolescence in the future," Ewert said.
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 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 .
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About KVH Industries, Inc.
KVH Industries, Inc. is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured and sold more than 150,000 mobile satellite antennas for applications on vessels, vehicles and aircraft. Winner of 36 National Marine Electronics Association Industry Awards, the prestigious General Motors Innovative Design Award, 2 CES Innovation Awards, the DAME Award in the Marine Electronics category, and a finalist for the Automotive News PACE Award, KVH's mission is to connect mobile customers with the same digital television entertainment, communications and Internet services that they enjoy in their home and offices. The company is based in Middletown, RI., with facilities in Illinois, Denmark, Norway and Singapore. For more information, visit www.kvh.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 development, deployment and backward compatibility of Iridium. 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 development of and transition to Iridium NEXT, including timing of launches and backward compatibility, 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 the Company's Form 10-Q for the quarter ended September 30, 2011, filed with the SEC on November 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.
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