"This new contract reinforces our relationship with Komatsu and provides further validation for Iridium's leadership in core M2M/IoT satellite technologies," said Tim Last, vice president and general manager, M2M/IoT at Iridium. "As a technology provider, Iridium is setting the industry standard for two-way, small-form-factor devices that easily integrate into a wide range of solutions. As a business partner, Iridium is committed to providing continuity of service for our subscribers who have M2M/IoT devices already in the field, which total over 50% of our base, by designing our new Iridium NEXT constellation to be backwards compatible with all devices currently in use. Iridium is well positioned to be the provider of choice for global satellite M2M/IoT communications well into the future."Iridium NEXT is the company's next-generation global satellite constellation, which will enhance existing communications, deliver faster speeds and enable future innovations for the satellite industry as it comes online over 2017 and 2018. For more information about Iridium's M2M/IoT suite of solutions and products, please visit https://www.iridium.com/solutions/m2m 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 a major development program underway for its next-generation network — Iridium NEXT. 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 presentation include statements regarding the timing, development and capabilities of the Iridium NEXT constellation and the development, deployment and capabilities of M2M/IoT products. 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 Iridium NEXT development and functionality, potential delays in the Iridium NEXT deployment, the development of and market for M2M/IoT products, 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, 2015, filed with the Securities and Exchange Commission ("the SEC") on February 25, 2016, 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.
Press contact:Diane HockenberryIridium Communications Inc.+1 (703) 287-7421Diane.email@example.com