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
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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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QAD
quadrant iridium limited