Iridium Communications Inc. (NASDAQ:IRDM) announced today that the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) agreed to recognize that the Iridium network meets all the criteria of the IMO needed to provide mobile satellite services in the GMDSS and to adopt the “Statement of Recognition” proposed by the United States as a Committee Resolution. This is a significant achievement that ends a decades-long satellite industry monopoly in which only one company was authorized to provide satellite GMDSS service and for the first time will bring competition and truly global coverage to mariners sailing any of the world’s oceans.

The MSC also agreed that Iridium and the United States, the delegation sponsoring Iridium’s application at the IMO, will work with the International Mobile Satellite Organization (IMSO) which will monitor progress in Iridium’s implementation of the service. The IMSO will report to the MSC once a Public Services Agreement has been entered between Iridium and the IMSO likely marking the start of this service.

“This is a historic moment for the maritime industry and an honor for Iridium to be the second ever recognized provider for GMDSS services,” said Bryan Hartin, executive vice president of Iridium. “This is the dawn of a new era for mariner safety. We’ll bring a new choice and upgraded capabilities for mariners along with our truly global coverage that will for the first time extend the reach of satellite-based GMDSS to even the most remote waterways.”

Iridium formally began the process to become a recognized GMDSS mobile satellite service provider in April 2013 and plans to begin providing GMDSS service in early 2020.

“This has been a long time coming and we are ecstatic to gain this very important recognition from the IMO. We are equally proud to ensure mariners will have access to this critical system from anywhere in the world that they sail,” said Matt Desch, chief executive officer of Iridium. “Iridium has established itself as a trusted maritime safety provider for over a decade and this recognition is a testament to both that trust and the capabilities offered by our satellite network.”

The announcement came one day before Iridium was scheduled to launch its sixth Iridium NEXT mission with SpaceX, delivering five more Iridium NEXT satellites to low earth orbit as part of the continuing upgrade to its existing satellite network. The launch was scheduled for May 22nd at 12:47:58 pm PDT (19:47:58 UTC). The Iridium network is a constellation of 66 low-Earth orbit (LEO), cross-linked satellites that provide reliable, low-latency satellite communications to the entire world, including the poles.

For more information about Iridium maritime safety, please visit Iridium Putting Ship and Crew Safety First.

About Iridium

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.

References

Hassin, J. (2018, May 21). Iridium Makes Maritime Industry History. Retrieved November 28, 2018, from http://investor.iridium.com/Iridium-Makes-Maritime-Industry-History