Iridium provides global connectivity for XCMG heavy equipment

MCLEAN, Virginia., September 6, 2023 /PRNewswire/ — Iridium Communications Inc. (NASDAQ: IRDM), one of the world’s leading providers of satellite voice and data communications, today announced that Xuzhou Construction Machinery Group (XCMG), one of the world’s leading heavy-duty original equipment manufacturers (OEM), will deploy Iridium^® IoT services across its global heavy equipment fleet, starting with excavators and expanding to loaders and boom trucks as needed. XCMG will use Iridium’s global network to maintain critical connectivity with its heavy equipment in key strategic locations, including Australia, South East Asia, Latin America, AfricaAnd Central Asia.

XCMG chose Iridium edge^®, a plug-and-play, cost-effective satellite IoT terminal as it complements terrestrial solutions to create a highly reliable connectivity experience worldwide and simplifies the implementation of Iridium IoT services across their fleet. With easy integration, XCMG can quickly deploy terminals on its heavy equipment, enabling it to understand asset status and performance, efficiently respond to customer needs, and save on development costs and time to market.

“As a world-class OEM, XCMG continues to demonstrate its forward-thinking approach and innovation in the heavy equipment industry,” said Matt Desh, CEO, Iridium. “By leveraging Iridium’s truly global, weatherproof satellite connectivity on its machines, XCMG enables its customers around the world to benefit from a better user experience through advanced and cutting-edge solutions.

In Q2 2023, Iridium’s commercial IoT subscribers grew 19% from the year-ago period, reaching 1,578,000 customers, solidifying the company’s place as the #1 Satellite IoT. This growth demonstrates the widespread adoption of Iridium’s unmatched coverage, reliability and ease of integration across various industries.

To learn more about Iridium, visit: www.iridium.com

About Iridium Communications Inc.

Iridium^® is the only mobile satellite voice and data communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. With its ecosystem of partner companies, Iridium offers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its specialty broadband service, Iridium Certus.^®. Iridium Communications Inc. is headquartered in McLean, Virginia., USA, and its common stock trades on the Nasdaq Global Select Market under the symbol IRDM. For more information on Iridium partner products, services and solutions, visit www.iridium.com.

Forward-looking statements

Statements in this press release that are not purely historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the deployment of its products and services. Forward-looking statements may be identified by the words “anticipates”, “may”, “may”, “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 Iridium’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such statements. prospective. These risks and uncertainties include, but are not limited to, uncertainties regarding customer demand for Iridium’s products and services; Iridium’s ability to maintain the health, capacity and content of its satellite constellation, as well as the development and market for Iridium’s products and services, as well as general industry and economic conditions, and competitive factors , legal, governmental and technological. Other factors that could cause actual results to differ materially from those indicated in the forward-looking statements include the factors listed under the heading “Risk Factors” in the Company’s Form 10-K for the current fiscal year. December 31, 2022filed with the Securities and Exchange Commission (“SEC”) on February 16, 2023, as well as other documents filed by Iridium with the SEC from time to time. There can be 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 differ materially from those expected, estimated or projected. Iridium’s forward-looking statements are based on information available to it as of the date of this press release and speak only as of the date of this press release, and Iridium undertakes no obligation to update the statements prospective.

SOURCE Iridium Communications Inc.

Source: PR Newswire