MCLEAN, Va., Dec. 11, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced the first seven companies it has authorized to provide its Global Maritime Distress and Safety System (GMDSS) services, planned for commercial introduction in the first half of 2020. The seven companies, Arion Communications, AST, Marlink, Marsat, NSSLGlobal, Satcom Global and Speedcast will be the first in the industry to provide truly global satellite GMDSS service to mariners, and the first to offer a new choice in satellite network and equipment. Iridium® GMDSS will be the first to feature all three GMDSS services - safety voice, distress alerting and maritime safety information messaging, as well as being able to utilize Iridium's global voice and data services – all in one cost-effective and compact terminal.
These new GMDSS service providers will play a critical role in delivering and supporting Iridium GMDSS capabilities on ships, including for fleets interested in transitioning to the truly global Iridium network. Selection as an Iridium GMDSS service provider is based on meeting a number of requirements including having 24/7 customer support, a strong global or regional footprint, a robust portfolio of maritime value-added services and an excellent track record with maritime safety and security-related services. Additional companies are expected to become Iridium GMDSS service providers in the near future.
"The maritime industry is continuing its digital transformation, and Iridium is becoming the network of choice for mariners, especially when considering the excitement for our upcoming GMDSS service introduction targeted for 2020 and the increasing popularity of the Iridium Certus® broadband service," said Wouter Deknopper, vice president of maritime, Iridium. "Iridium already has a strong track record of providing non-SOLAS safety and security services along with our partners. These themes of safety and safety of life services are a constant throughout Iridium and all the markets we serve, making our GMDSS recognition a natural continuation of Iridium's ongoing desire to enhance and innovate in safety at sea for mariners."
GMDSS is a safety-of-life system created by the International Maritime Organization (IMO) designed to rescue mariners in distress while at sea. Its satellite communications capabilities are regulated by the International Mobile Satellite Organization (IMSO). The system is partially comprised of satellite networks that feed distress information to rescue coordination centers around the world and enable the dissemination of navigational and meteorological information to vessels on the world's waterways, facilitating safer marine travel. Iridium received recognition to provide GMDSS from the IMO in 2018 and signed a public services agreement with IMSO to act as regulator of the service in 2019.
For more information 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. The company has recently completed its next-generation satellite network and launched its new 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. 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 the timing of introduction, capabilities and benefits of Iridium GMDSS service. 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 and functionality of Iridium services, and 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, 2018, filed with the Securities and Exchange Commission (the "SEC") on February 28, 2019, 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.
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SOURCE Iridium Communications Inc.