This Day On The Street
Continue to site
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

Iridium Revolutionizes Delivery Of Space-Based Services With First Turnkey Hosted Payload Program, Iridium PRIME(SM)

MCLEAN, Va., Sept. 9, 2013 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM) announces the first turnkey hosted payload solution, Iridium PRIME SM, to host third-party payloads on stand-alone satellites leveraging the global connectivity afforded by the Iridium NEXT satellite network. The Iridium PRIME program revolutionizes the hosted payload business model with an integrated service which reduces the complexity, delays and costs typically associated with building, launching and operating a satellite mission. (A full presentation with more detail on Iridium PRIME is located at .)

With a growing demand for additional hosted payload opportunities, a proven track record as a leader in the industry and the opportunity to leverage the investment and learning costs from Iridium NEXT, Iridium is uniquely positioned to offer commercial and government payload customers a turnkey solution for all elements of a successful hosted payload mission including launch, ground infrastructure, two-way payload control, high-speed inter-satellite links and global coverage. Iridium PRIME offsets the traditional challenges of hosted payload missions which include inflexible launch schedules, 'one-off' mission control systems and ground connectivity challenges by providing customers access to a proven end-to-end satellite constellation with complete flexibility on the number of payloads they deploy, number of planes they occupy, and independent mission control with a cost savings of 50 percent or more compared to current stand-alone solutions.

While the Iridium NEXT hosted payload space is now fully allocated to two entities, Aireon LLC for its space-based aircraft surveillance application and Harris Corporation for additional auxiliary payloads, Iridium PRIME offers customers a new approach. Customers can use a whole satellite's payload capacity, or just share that capacity with other applications and customers that Iridium brings together. Potential missions include earth observation, terrethomstrial and space-based weather monitoring, communications support including advanced broadband services, Automatic Identification System (AIS) tracking and other government missions. Iridium PRIME provides flexible scheduling to launch whenever payloads are ready, starting as early as fourth quarter 2017, allowing customers longer lead times for budgeting their hosted payload missions.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs