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Iridium Press Release!!!

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    Iridium Press Release

    Document date: Tue 28 May 2002 Published: Tue 28 May 2002 12:20:58
    Document No: 216943 Document part: A
    Market Flag: Y
    Classification: Other
    QUADRANT IRIDIUM LIMITED 2002-05-28 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    US company, Iridium, Satellite LLC and Xantic have announced the
    signing of a major agreement by which Xantic will offer Iridium's
    voice and data services through its worldwide network, strengthening
    Iridium's global distribution capabilities.

    Xantic serves customers worldwide in multiple markets, including
    maritime, peacekeeping and aid organisations, oil and gas, government
    and transportation with an extensive network of offices and agents
    and by agreements with a range of resellers and distributors.

    Quadrant Iridium Limited has a 16% interest in the US company,
    Iridium Holdings LLC, the holding company for Iridium Satellite LLC.
    Following is the text of a press release made by Iridium Satellite
    LLC today.

    P MacLeod
    COMPANY SECRETARY

    XANTIC AND IRIDIUM PARTNER TO PROVIDE GLOBAL MOBILE SATELLITE
    COMMUNICATIONS SERVICES

    Xantic and Iridium Satellite LLC have announced the signing of a
    major agreement by which Xantic will offer Iridium's voice and data
    services through its worldwide network. The move complements Xantic's
    mobile satellite offering for customers requiring remote
    communications solutions. It will also strengthen Iridium's global
    distribution capabilities.

    "Iridium's mobile communications services and world-wide coverage
    complements our fixed satellite offerings," commented Xantic CEO Knot
    Reed. "We intend to make a selected number of our Value Added
    Services available over the Iridium network, making it a great new
    medium to serve our customers following the Content, Application and
    Transactions (CAT) strategy."

    Xantic serves customers worldwide in multiple markets, including
    maritime, peacekeeping and aid organisations, oil & gas, government
    and transportation. The company's extensive network of 29 offices and
    agents is strategically located across the globe, and is complemented
    by agreements with a range of resellers and distributors.

    "Xantic's focus on industrial market customers further extends
    Iridium's value proposition," said Gino Picasso, CEO of Iridium
    Satellite. "By adding our remote capabilities to its portfolio of
    services, Xantic can deliver full-scale communications systems to
    support a wide range of customer demands, including those of
    multinational organisations."

    Iridium Satellite LLC launched global voice services in March 2001
    and added ubiquitous Internet connectivity in June that same year.
    Iridium delivers essential communications services to and from
    remote areas where other forms of communications are either
    unavailable or unreliable. The company recently launched five
    additional spare satellites to ensure the life span of the
    constellation, currently estimated to have at lease eight more years
    of operational life.

    For further information, please contact:

    * Marguerite Evenaar, Xantic Corporate Communications:
    Tel: + 31 70 343 2734;
    email: [email protected]

    * Warren Brown, Iridium Corporate Communications:
    Tel: + 1 703-465-1015
    email: [email protected]

    * Marius Meltvedt, Burson-Marsteller for Iridium
    Tel: +44 207 300 6390, e-mail: [email protected]

    ABOUT XANTIC

    Xantic was formed by the merger between Station 12, Telstra Global
    Satellite, SpecTec and KPN Broadcast. By combining the knowledge,
    expertise and skills of four top companies, Xantic has created an
    unrivalled portfolio of solutions in an area known as CAT: Content,
    Applications and Transactions. As a result, Xantic is one of the
    world's leading satellite communication providers, offering solutions
    to customers who work in a business-to-business environment. Xantic
    operates two Land Earth Stations in Burum, The Netherlands and Perth,
    Australia. With offices and agents in more than 29 countries, Xantic
    provides customers with premium service and quality, wherever they
    are in the world. (www.xantic.net)

    ABOUT IRIDIUM SATELLITE LLC

    Iridium Satellite LLC is the only provider of truly global satellite
    voice and data solutions with complete coverage of the Earth
    (including oceans, airways and Polar Regions). Through a
    constellation of 66 low-earth orbiting (LEO) satellites operated by
    The Boeing Company, Iridium delivers essential communications
    services to and from remote areas where no other form of
    communication is available. The service is ideally suited for
    industries such as maritime, aviation, government/military,
    emergency/humanitarian services, mining, forestry, oil & gas and
    heavy construction. Iridium currently provides service to the U.S.
    Department of Defense under a multi-year contract. Iridium works with
    more than 20 seasoned service partners to sell and support the
    service globally. (www.iridium.com)

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