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Iridium Expands Coverage For OEMS With CalAmp

Stocks in this article: IRDM

MCLEAN, Va., July 29, 2013 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM) announced today a multi-year partner agreement with CalAmp, a leading provider of wireless products, services and solutions to provide original equipment manufacturers (OEMs) with reliable, high performance, compact devices facilitating a wide range of satellite machine-to-machine (M2M) services, data rates and real-time, global communications solutions. Iridium will begin to offer its services leveraging CalAmp's Vanguard mobile wireless broadband routers and LMU-4520 rugged fleet management devices utilizing the Iridium Core 9523 transceiver and Iridium 9602 modem.

CalAmp and Iridium deliver a communications solution that allows companies in the heavy equipment, agriculture, forestry, mining and construction industries to have greater communications access across the globe," said Bryan Hartin, Executive Vice President of Sales and Marketing for Iridium. "By offering a network that extends coverage to the 90 percent of the globe not covered by terrestrial services, our partnership ensures a consistent platform for enabling future solutions and innovations. With Iridium's next generation satellite constellation, Iridium NEXT, scheduled to begin launching in 2015, CalAmp's customers can take advantage of global coverage and support over the long term." "Whether for transportation, fleet management, or heavy equipment, our customers depend on CalAmp to deliver highly reliable and available connectivity to enable comprehensive access to – and management of – their high-value assets," said Justin Schmid, Senior Vice President of Marketing and Business Development for CalAmp. "With Iridium as a partner, we are confident our satellite M2M customers will have the reliable connectivity they need to manage their assets anywhere their businesses demand."

Iridium's M2M growth strategy includes serving mission-critical enterprise communication needs for OEMs and after-market solution providers through fleet and vehicle tracking, heavy equipment, container and mobile asset tracking, utility, oil and gas, maritime and aviation. Iridium's M2M data subscribers have grown at a 41 percent compound annual growth rate since 2008, and now represent approximately 40 percent of its total customer base. The company now draws nearly one-fifth of its commercial service revenue from the satellite M2M market segment.

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