New Target Date for Second Iridium® NEXT Launch
Iridium Communications (NASDAQ:IRDM) today announced the second launch for the Iridium NEXT satellite constellation has been moved earlier, and is now targeted for June 25, 2017 at 1:24:59 pm PDT with an instantaneous launch window. SpaceX informed Iridium that range availability had opened up at Vandenberg Air Force Base (VAFB) in California, where SpaceX's west coast launch facility is located, and planned to target Iridium's launch four days earlier than originally scheduled. This launch will deliver the second payload of 10 Iridium NEXT satellites to orbit, bringing the total to 20 Iridium NEXT satellites in space.
Iridium® Makes it Easier to Extend the Internet of Things (IoT) Beyond Cellular Limits
Iridium Communications Inc. (NASDAQ:IRDM), the only communications company with 100 percent global coverage, today officially launched Iridium Edge™, its new, cost-effective global asset tracking, safety and fleet management device. A plug-and-play designed solution, Iridium Edge enables companies of all sizes to rapidly expand their IoT applications beyond cellular coverage. With over 80 percent of the earth lacking cellular connectivity, Iridium Edge is an ideal device for companies in need of a reliable, global IoT solution.
Iridium Announces Successful Completion of First-Launch Iridium NEXT Satellites Activities and Second Launch Date
Iridium Communications Inc. (NASDAQ:IRDM), the only communications company with 100 percent global coverage, has announced that the first set of Iridium NEXT satellites have been integrated into the operational constellation and are providing excellent service to Iridium customers. Prior to achieving this major program milestone, the new satellites went through a rigorous testing and validation process that demonstrated that they met all performance requirements and even exceeded many. The Iridium NEXT satellites are already providing superior call quality and faster data speeds with increased capacity to Iridium customers. In addition, the Company has announced the targeted launch date for the second payload of ten Iridium NEXT satellites as June 29, 2017, at 1:02pm PDT, with an instantaneous launch window.
Iridium Announces First-Quarter 2017 Results; Company Affirms 2017 and Long-Range Outlook
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the first quarter of 2017 and affirmed its full-year 2017 and long-range outlook. Net income was $37.9 million, or $0.30 per diluted share, for the first quarter of 2017, as compared to $28.5 million, or $0.23 per diluted share, for the first quarter of 2016. Operational EBITDA ("OEBITDA")(1) for the first quarter was $64.3 million, as compared to $60.7 million for the prior-year period, representing a year-over-year increase of 6% and an OEBITDA margin(1) of 62%.
Iridium and Lindsey Manufacturing Strike Innovative Utility Partnership
Iridium Communications (NASDAQ:IRDM) announced today its new partnership with Lindsey Manufacturing, a pioneer in Emergency Restoration Systems (ERS), Transmission Line Monitors (TLM) and Dynamic Line Rating (DLR) technologies for major transmission utility companies. This unique partnership expands Iridium's footprint in the transmission utility day-ahead-power-transfer capacity market, by integrating satellite communications with transmission line analytic solutions.
Iridium Announces Release Date for First-Quarter 2017 Financial Results
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") will host a conference call on Thursday, April 27, 2017 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2017 financial results. In advance of the call on April 27, 2017, Iridium will issue its first-quarter 2017 earnings press release, which will be available at http://www.iridium.com. To participate in the teleconference, callers can dial the toll-free number 1-877-334-1964 (U.S. callers only) or 1-631-291-4574 (from outside the U.S.). The conference call ID is 92473444.