Iridium Communications Inc. (NASDAQ:IRDM) today announced a new
long-term agreement bringing the truly global coverage and
reliability of the Iridium® network to Hitachi Construction
Machinery Co., Ltd.’s (TSE:6305) (“Hitachi Construction Machinery”)
world class Global e-Service construction machinery management
system. By integrating Iridium connectivity, Hitachi Construction
Machinery’s Global e-Service will now be able to expand to regions
and markets previously not possible. Together, Iridium and Hitachi
Construction Machinery are making effective, reliable and
truly global, construction machinery management possible for
Hitachi Construction Machinery’s vast telematics customer
base.
Hitachi Construction Machinery’s Global e-Service construction
machinery management system provides customers with robust
maintenance information to help companies control CO2 emissions,
minimize idling times and monitor fuel consumption. Through this
new agreement, Global e-Service customers will be able to easily
access and transfer critical data, that convey key operational
information, including but not limited to, daily operation hours,
temperatures and pressures. Quake Global, a key Iridium hardware
manufacturer, provides its Iridium satellite network-based product
for Hitachi Construction Machinery to integrate Global e-Service
with the network.
“At Hitachi Construction Machinery, we are committed to
providing reliable and accurate asset management capabilities to
our customers with our Global e-Service system,” said Toru
Kurenuma, general manager, design department control system center
at Hitachi Construction Machinery. “Iridium’s
network will afford us a new level of global connectivity that will
help us grow our telematics business and expand our worldwide
footprint.”
Iridium’s network is uniquely qualified for mobile telematics
and serving the Internet of Things (IoT) beyond the reach of
terrestrial networks, due to the inherent advantages it
boasts. Iridium operates the only 100-percent global network
comprised of interconnected LEO satellites. Due to its
proximity to Earth in LEO, Iridium’s network delivers low-latency
and reliable connectivity supporting critical business functions,
like remote asset tracking, vehicle management and preventative
maintenance. With constantly moving satellites that can
communicate with each other, end users have access to enhanced
reliability and connectivity, even in the most remote
locations.
“Partnering with Hitachi Construction Machinery is a major
milestone for Iridium’s IoT business,” said Tim Last, vice
president and general manager, IoT at Iridium. “We are excited to
work together in making reliable, satellite-based telematics
solutions available to Hitachi Construction Machinery’s Global
e-Service customers. Integrating with our network will allow
Hitachi Construction Machinery to deliver improved performance and
better coverage to its customers, helping expand their business
into new regions previously not possible, due to lack of satellite
coverage. When deploying business critical communications,
such as those with Global e-Service, reliability is key, and we are
the only network that can offer that level of dependability and
connectivity.”
To date, Iridium IoT services are used by eight of the top 20
heavy equipment, original equipment manufacturers, and includes
five of the top 10. As the satellite IoT market continues to grow
through the increased adoption of satellite-enabled telematics
solutions, the need for global and reliable solutions will
increase, further establishing Iridium's position as a leader in
this space.
All Iridium IoT services are compatible with Iridium’s
next-generation constellation, Iridium NEXT. The new constellation,
which is currently being launched by SpaceX, will also enable
Iridium Certussm, the Company’s state-of-the-art communications
platform supporting a portfolio of critical communications
solutions. Specifically, for Iridium IoT solutions, Iridium
Certus will support faster speeds and higher throughputs,
delivering an enhanced version of the low latency satellite
connectivity it provides today.
For more information about Iridium’s IoT products and services,
please visit www.iridium.com/solutions/iot.
For more information about Hitachi Construction Machinery’s
Global e-Service system, please
visit www.hitachicm.com/global/ourbusiness/products/global-e-service/.
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.
About Hitachi Construction
Machinery Hitachi Construction Machinery Co., Ltd.
(TSE:6305), headquartered in Tokyo, Japan, is a global construction
machinery company with approximately 20,000 employees worldwide.
Fiscal 2016 (ended March 31, 2017) consolidated revenues totaled
753 billion yen. Hitachi Construction Machinery will focus more
than ever on the Construction and Mining Machinery Business, which
includes Hydraulic Excavators, Wheel Loaders, Rigid Dump Trucks,
Compaction Equipment, Cranes & Foundation Machines,
Applications and Mine Management Systems. For more information on
Hitachi Construction Machinery, visit the company's website
at: https://www.hitachicm.com/global.
Forward Looking StatementsStatements 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 deployment and
capabilities of the Iridium NEXT constellation and products and
services to be offered over the constellation, including Iridium
Certus and the Aireon system. 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 potential delays in the Iridium
NEXT deployment, the development and functionality of Iridium NEXT
and related products and 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, 2016, filed
with the Securities and Exchange Commission (the “SEC”) on February
23, 2017, 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:
Jordan
Hassin
Iridium Communications Inc.+1 (646)
872-0067Jordan.Hassin@iridium.comTwitter: @IridiumComm
Investor Contact:
Kenneth LevyIridium Communications Inc.+1 (703)
287-7570Ken.Levy@iridium.comTwitter: @IridiumIR
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