This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs