MCLEAN,
Va., Sept. 6, 2023 /PRNewswire/ -- Iridium
Communications Inc. (NASDAQ: IRDM), a leading provider of global
voice and data satellite communications, announced today that
Xuzhou Construction Machinery Group (XCMG), a leading global heavy
original equipment manufacturer (OEM), will deploy
Iridium® IoT services on its global fleet of heavy
equipment, starting with excavators and expanding to loaders and
crane trucks as needed. XCMG will utilize Iridium's global network
to maintain critical connectivity with their heavy equipment in key
strategic locations including Australia, Southeast
Asia, Latin America,
Africa, and Central Asia.
XCMG has chosen Iridium Edge®, a cost-effective,
plug-and-play satellite IoT terminal, as it complements
terrestrial-based solutions to create a highly reliable
connectivity experience worldwide and simplifies implementing
Iridium IoT services on their fleet. With easy integration, XCMG
can rapidly deploy the terminals to their heavy equipment, allowing
them to understand asset condition and performance, efficiently
address customer needs, and save on development costs and time to
market.
"As a world class OEM, XCMG continues to demonstrate their
forward-thinking approach and innovation in the heavy equipment
industry," said Matt Desch, CEO,
Iridium. "By leveraging Iridium's truly global, weather-resilient
satellite connectivity on their machinery, XCMG is enabling a
better user experience with advanced, cutting-edge solutions to
their customers worldwide."
As of the second quarter of 2023, Iridium's commercial IoT
subscribers grew by 19% from the year-ago period, reaching
1,578,000 customers, further cementing the company's place as the
premier satellite IoT company. This growth demonstrates the
widespread adoption of Iridium's unmatched coverage, reliability,
and ease of integration across various industries.
To learn more about Iridium, 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 ecosystem of partner
companies, Iridium delivers an innovative and rich portfolio of
reliable solutions for markets that require truly global
communications. In 2019, the company completed a generational
upgrade of its satellite network and launched its specialty
broadband service, Iridium Certus®. 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.
Forward-looking statements include statements regarding the
deployment of its products and services. 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 customer demand for Iridium's
products and services; Iridium's ability to maintain the health,
capacity and content of its satellite constellation, and the
development of and market for Iridium's products and services, 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, 2022,
filed with the Securities and Exchange Commission ("SEC") on
February 16, 2023, 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 are based on information available to it
as of the date of this press release and speak only as of the date
of this press release, and Iridium undertakes no obligation to
update forward-looking statements.
Press
Contact:
|
Investor Contact:
|
Jordan Hassin
|
Kenneth Levy
|
Iridium Communications
Inc.
|
Iridium Communications
Inc.
|
Jordan.Hassin@Iridium.com
|
Ken.Levy@Iridium.com
|
+1 (703)
287-7421
|
+1 (703)
287-7570
|
Twitter:
@Iridiumcomm
|
|
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SOURCE Iridium Communications Inc.