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Iridium Satellite Time and Location Service Activated for Europe and Asia Pacific Regions

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10 months ago

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Increased international demand from partners to accelerate market adoption worldwide

MCLEAN, Va., June 20, 2024 /CNW/ — Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced expanded commercial availability of its Satellite Time and Location (STL) service, the leading alternative positioning, navigation, and timing (PNT) solution. Driven by increased commercial demand, Iridium partners are now authorized to sell the service in parts of Europe and Asia Pacific, helping to protect locally relied upon GNSS systems, like GPS and Galileo, with a signal highly resilient to spoofing and jamming, that also helps ensure the fidelity of timing systems. Iridium STL is capable of service everywhere on the planet, and additional geographies are planned for commercial authorization as the company’s partners scale and train sales and support staff.

Europe, specifically, has seen a dramatic rise in GPS jamming and spoofing, while parts of Asia are also seeing increased activity. These attacks pose a serious threat to critical infrastructure such as transportation systems, energy grids, data centers, telecommunications networks and financial services, which all stand to benefit from the adoption of more powerful PNT signals, like Iridium’s STL service. Broadcasting a signal 1,000 times more powerful than GPS, the Iridium® STL service is also uniquely suited for indoor use, with no need to install rooftop antennas, creating a more secure and cost-effective timing solution. 

“We’re cognizant of the threats facing GNSS-reliant critical infrastructure around the world and our responsibility to deploy the antidote as quickly as possible,” said Iridium CEO, Matt Desch. “The average person is more and more aware of how important systems like GPS are in our day-to-day lives, and when Iridium recently acquired Satelles, I pledged to step on the gas and expand market availability for this increasingly in demand solution. Today’s announcement demonstrates that commitment.”

Iridium STL solutions are small, cost-effective and easy to install. Brand name technology partners that manufacture and sell STL-capable user equipment are simultaneously increasing their focus on these expanded markets in Europe and Asia. Their STL solutions can be added to existing GNSS-reliant network systems or serve as stand-alone primary units.

With this expansion, Iridium STL can now be purchased by companies in North America and parts of Europe and Asia Pacific. Further sales support is expected in the future to meet customer demand.

For more information about the Iridium STL service and how your organization can increase its protection against disruptions to GPS and other GNSS systems, visit  https://www.iridium.com/satellite-time-location or email pnt@iridium.com

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. In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location service. 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.

Forward-Looking Statements Disclosure

Statements in this presentation 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 press release include statements regarding the expansion of availability of the Iridium STL service. 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 the expansion of partner sales and support teams, 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, 2023, filed with the Securities and Exchange Commission (the “SEC”) on February 15, 2024, 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:                   

Investor Contact:

Jordan Hassin                     

Kenneth Levy

Iridium Communications Inc. 

Iridium Communications Inc.

Jordan.Hassin@Iridium.com   

Ken.Levy@Iridium.com

X: @Iridiumcomm                   

+1 (703) 287-7570

 

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SOURCE Iridium Communications Inc.

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Elbit Systems To Report First Quarter 2025 Financial Results on May 20, 2025

Published

18 minutes ago

on

April 29, 2025

By

The Company will host a Conference Call to discuss its financial results on May 20, 2025 at 9:00am ET

HAIFA, Israel, April 29, 2025 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that it will publish its First Quarter 2025 financial results on Tuesday, May 20, 2025.

Results Conference Call

The Company will host a conference call on May 20, 2025, at 9:00am Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the dial-in numbers below:

US Dial-in Number: 1-866-744-5399
Canada Dial-in Number: 1-866-485-2399
Israel Dial-in Number: +972-3-918-0644
International Dial-in Number: +972-3-918-0644

at 9:00am Eastern Time; 6:00am Pacific Time; 4:00pm Israel Time

This call will also be broadcast live on Elbit Systems’ website at http://www.elbitsystems.com. An online replay will be available from 24 hours after the call ends.

Alternatively, for two days following the call, investors will be able to dial a replay number to listen to the call. The dial-in numbers are: 1-888-782-4291 (US and Canada) or +972-3-925-5900 (Israel and International).

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. As of December 31, 2024, the Company reported $6.8 billion in revenues and an order backlog of $22.6 billion.

For additional information, visit: www.elbitsystems.com, follow us on Twitter or visit our official Youtube Channel.

Company Contact:
Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others, including the duration and scope of the current war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Logo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/elbit-systems-to-report-first-quarter-2025-financial-results-on-may-20-2025-302440856.html

SOURCE Elbit Systems Ltd.

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Omdia ranks Infobip as a Leader in the CPaaS Universe report for the third time

Published

18 minutes ago

on

April 29, 2025

By

Infobip has strengthened its leadership position in the 2025 report

KUALA LUMPUR, Malaysia, April 29, 2025 /PRNewswire/ — Global communications platform Infobip has been ranked as a leader in the Omdia CPaaS Universe report 2025. Infobip has been recognized as a leader for the third time, improving its overall ranking in 2025 compared to the previous report in 2023. Infobip’s robust Communication Platform-as-a-Service (CPaaS) services, RCS Business Messaging (RBM) campaigns, connection to the emerging Network API ecosystem, and innovation through AI and Gen AI are key factors highlighted in the Omdia report.

The Omdia CPaaS Universe report is a comprehensive analysis of the CPaaS market, drawing on the firm’s forecasting and enterprise insights survey data. The report provides a forward-looking matrix of capabilities, attributes, and features that are important within the market.

Omdia recognizes Infobip as a leading CPaaS provider, delivering exceptional communication services to enterprises, developers, hyperscalers, partners, and telcos.

Pamela Clark-Dickson, Principal Analyst at Omdia, said: “Infobip provides an extensive range of communication channels and APIs. One of its key differentiators from other vendors in this Universe is that it is also at the forefront of adding emerging channels for business messaging, such as RCS Business Messaging and communications, which are crucial growth drivers for the industry and the company. Infobip enhances the developing Network API ecosystem and assists customers in achieving their business objectives through innovative AI and Gen AI features.”

Silvio Kutić, CEO at Infobip, said: “We are driving innovation within the communications platform ecosystem. With more than 9,700 connections to telco companies, our CPaaS platform is a leading option for various communication and customer engagement solutions. Omdia emphasizes our incorporation of AI and Gen AI features in the CPaaS solution, which promotes innovation, develops new use cases, and enhances existing ones. Combined, this has enabled us to strengthen our leadership position in the market this year.”

See Omdia CPaaS Universe report 2025 here: https://www.infobip.com/analyst-reports/omdia-ranks-infobip-as-a-leader 

ENDS

About Infobip

Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication and contact centre solutions help businesses and partners overcome the complexity of consumer communications to grow business and increase loyalty. It offers natively built technology with the capacity to reach over seven billion mobile devices and ‘things’ in 6 continents connected to over 9,700+ connections of which 800+ are direct operator connections. Infobip was established in 2006 and is led by its co-founders, CEO Silvio Kutić, Roberto Kutić and Izabel Jelenić.

Recent award wins include:

Infobip ranked an Established Leader in the Juniper Research Conversational AI Leaderboard (Feb 2025)Infobip named a CPaaS Leader for the third time in the IDC MarketScape (Feb 2025)Infobip named one of the top CPaaS providers in Metrigy’s CPaaS MetriRank Report (Dec 2024)Infobip named number one among Established Leaders in RCS Business Messaging in Juniper Research’s RCS Business Messaging Competitor Leaderboard 2024 (Nov 2024)Infobip recognized as the number one provider in the AIT Fraud Prevention market by Juniper Research (Oct 2024)Infobip named a Leader in the Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS) 2024 for the second year running (June 2024)Infobip named to Fast Company’s Annual List of the World’s Most Innovative Companies (March 2024)Omdia Ranks Infobip as Leader for the second year running in its CPaaS Universe Report (Nov 2023)

View original content:https://www.prnewswire.com/apac/news-releases/omdia-ranks-infobip-as-a-leader-in-the-cpaas-universe-report-for-the-third-time-302440570.html

SOURCE Infobip

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ProPhotonix Launches New Cost-Effective, High-Performance Multispectral LED Line Light

Published

18 minutes ago

on

April 29, 2025

By

ProPhotonix is pleased to announce the launch of its COBRA NX MultiSpec designed to deliver tunable multispectral light for cost-sensitive applications. The new COBRA NX MultiSpec is a pioneering multispectral line light offering all of the benefits of a tunable multispectral light, specifically engineered for applications where performance and budget must align.

BOSTON, April 29, 2025 /PRNewswire-PRWeb/ — ProPhotonix Limited, a designer and manufacturer of laser diode modules and LED illumination systems with operations in Ireland and the United Kingdom, part of the Exaktera group, is pleased to announce the launch of its COBRA NX MultiSpec designed to deliver tunable multispectral light for cost-sensitive applications.

“Our new multispectral line light represents a major leap forward in making multispectral lighting more accessible. A solution that is both powerful and cost-effective.”

The new COBRA NX MultiSpec is a pioneering multispectral line light offering all of the benefits of a tunable multispectral light, specifically engineered for applications where performance and budget must align. Built on a modular platform, the COBRA NX MultiSpec is available in four standard configurations – RGB, RGB-IR (855nm), RGB-White(3500K), and RGB-SWIR (1150mn, 1450nm) each designed to address a broad range of multispectral imaging applications including food sorting, print inspection, and pharmaceutical analysis. The advanced line light offers discrete control of individual wavelengths allowing the user to select the optimum intensities, maximizing the signal-to-noise ratio for their application.

Building on the success of the award-winning COBRA MultiSpec platform, the innovative COBRA NX MultiSpec has a market-leading compact, modular form factor. Available from 300mm and with unmatched optical options, it is configurable for a wide range of applications. Chip-on-board LED technology coupled with superior optical design, delivers intense and uniform multispectral illumination at the optimal price-performance ratio. Packed with functionality, COBRA NX MultiSpec also offers on-board Ethernet control.

COBRA NX MultiSpec will reduce the cost of entry for multispectral imaging applications. When paired with multispectral cameras from leading manufacturers the cost of a multispectral system can be dramatically reduced, enabling new applications to benefit from the many advantages of multispectral imaging. This innovative multispectral solution delivers an exceptional performance-to-cost ratio.

“Our new multispectral line light represents a major leap forward in making multispectral lighting more accessible,” said Simon Stanley, Director of Technology, Exaktera LED group “As multispectral imaging continues to evolve, the need for high-performance LED line lights continues to grow. The COBRA NX MultiSpec addresses this need with a solution that is both powerful and cost-effective.”

For more information, visit: https://www2.prophotonix.com/COBRA-NX-MultiSpec

Contact:

ProPhotonix Limited

Simon Stanley,

Director of Technology, Exaktera LED Group

Tel: +353(0) 21 5001313

sales@prophotonix.com

About ProPhotonix

ProPhotonix Limited is a high-technology designer and manufacturer of diode-based laser modules and LED systems for industry-leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Ushio, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, security, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, U.K., and Europe. For more information about ProPhotonix and its innovative products, visit the Company’s website at www.prophotonix.com.

Media Contact

ProPhotonix Sales, ProPhotonix, 1 603 893 8778, sales@prophotonix.com, www.prophotonix.com

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SOURCE ProPhotonix

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