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Iridium Eyes A New Generation Of Constellation Design
Bethesda MD (SPX) May 14, 2007 Iridium Satellite announces that it has 183,000 subscribers worldwide as of March 31, 2007, a 23.6 percent increase over the company's 148,000 subscribers at the end of the first quarter 2006. The company had first quarter revenue of $52.7 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $13.6 million. Iridium had revenue of $212.4 million and EBITDA of $53.8 million for the full-year 2006. Iridium chairman and CEO, Matt Desch, said, "Iridium is off to an excellent start for 2007 in continuing our strong business growth. Our first quarter performance puts the company on a pace to exceed our revenue and EBITDA targets for the year. Accordingly, we continue to be in a comfortable position to both self-fund and attract capital for the development of our next-generation constellation, 'Iridium NEXT'." Desch continued, "We are particularly pleased with the continued strong growth in two-way data services. Our 9601 short burst data transceiver is achieving across-the-board market acceptance. For example, 9601 subscribers in the defense market are four times higher than we had forecast for the quarter. We're also seeing an excellent uptick in commercial markets such as maritime, aviation and machine-to-machine (M2M)." Desch concluded, "In addition to recording strong subscriber growth during the quarter, Iridium announced several significant network enhancements, including a new earth station in Norway and a new gateway in China to serve our growing global market for voice and data services. Also, having received third-party confirmation that we provide one of the most reliable services in our industry, we've seen notable subscriber churn away from competitors over to Iridium." Related Links Iridium Satellite Satellite Constellation - multiple satellite deployments in LEO and Beyond
Iridium NEXT To Be Unveiled At Satellite 2007
Bethesda MD (SPX) Feb 19, 2007Iridium Satellite announces it will formally launch its "Iridium NEXT" initiative at the SATELLITE 2007 Show in Washington, DC next week. The NEXT launch is the start of an intensive, multi- year design and development program for Iridium's next generation satellite constellation. NEXT will provide Iridium's growing customer base continued access to the Iridium network, the largest commercial satellite constellation in the world, for their mission critical applications. |
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