MCLEAN,
Va., Oct. 9, 2024 /PRNewswire/ -- Iridium
Communications Inc. (NASDAQ: IRDM), a leading provider of global
voice and data satellite communications, today announced its
collaboration with Nordic Semiconductor for early integration of
its Iridium NTN Direct℠ service into Nordic's LTE-M/NB-IoT
modules and chipsets. Nordic Semiconductor is a global leader in
low power wireless connectivity solutions including cellular IoT
(LTE-M, NB-IoT), Wi-Fi, Bluetooth LE, and Thread and is trusted by
world leading brands across the consumer, industrial, and
healthcare segments. Nordic's complete cellular IoT solutions are
ideally suited for connected devices for global tracking, utility
metering and industrial remote monitoring and control.
Iridium NTN Direct is planned to be the world's first truly
global NB-IoT service. The product of Iridium's Project Stardust
initiative, Iridium is developing this capability in coordination
with the 3rd Generation Partnership Project's (3GPP) recent
decision to accept Iridium enabling enhancements in its next
release. This would allow Iridium's satellite service to be
accessible by any device with a 3GPP release 19
compliant chipset. Nordic plans to incorporate the Iridium NTN
Direct service's truly global communication capability as part of
its 3GPP release 19 NTN roadmap, taking advantage of the
established reliability and experience of the Iridium®
network.
"Nordic Semiconductor is an industry leader that continues to be
at the forefront of innovation with its low power LTE-M and NB-IoT
modules and chipsets," said Bryan
Hartin, executive vice president, Iridium. "The integration
of Iridium NTN Direct into its modules and chipsets marks a new
chapter in Nordic's storied history and will create a universe of
consumer and industrial devices with the capability to stay
connected from anywhere on earth. We look forward to working with
Nordic Semiconductor and them bringing both their chipset- and
device-side experience to the Iridium ecosystem."
"Iridium is a global leader in satellite communications,"
said Oyvind Birkenes, executive vice present for the Long
Range BU at Nordic Semiconductor. "It is exciting that Iridium is
taking the step to enable low-cost, 3GPP-standard NB-IoT modules
and chipsets like Nordic's nRF9151 to connect to its network of
satellites. This helps bring the vision of universal connectivity
for global and massive IoT to life."
The Iridium network is ideal for D2D and NB-IoT services with
its truly global coverage, weather-resilient, globally coordinated
spectrum, and history of providing safety of life services with the
highest reliability. 3GPP Release 19 is expected to be formally
completed by the end of 2025. Iridium will share more information
about Iridium NTN Direct at Mobile World Congress Las Vegas's NTN
Summit on Wednesday October 9,
2024.
For more information about Iridium NTN Direct visit:
www.iridium.com/ntn-direct
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. In 2024, Iridium acquired Satelles and announced
the Iridium Satellite Time and Location service. 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 Disclosure
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 press release include statements regarding 3GPP
Release 19, the capabilities, benefits and timing of the proposed
Iridium NTN Direct service, and the planned integration of Iridium
NTN Direct technology by Nordic Semiconductor. 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, whether the final 3GPP Release 19 includes
NB-IoT NTN specifications compatible with the Iridium network, the
timing of 3GPP Release 19, the successful technical development of
Iridium NTN Direct, the successful integration of Iridium NTN
Direct by Nordic Semiconductor, and uncertainties regarding 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, 2023, filed with
the Securities and Exchange Commission (the "SEC") on February 15, 2024, and the Company's Form 10-Q
for the quarter ended June 30, 2024,
filed with the SEC on July 23, 2024,
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:
Jordan Hassin
Iridium Communications Inc.
Jordan.Hassin@Iridium.com
+1 (703) 287-7421
X: @Iridiumcomm
Investor Contact:
Kenneth Levy
Iridium Communications Inc.
Ken.Levy@Iridium.com
+1 (703) 287-7570
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