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  • Aerospace
    Agreement Lands Company Multi-Year Capacity Access
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    Machine learning helps achieve a five-fold boost in formaldehyde yield
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    Briefing
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    Smart Phone Led Machine Learning Comes to Healthcare
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    Investment Grants Company Access to Gas Quantification Software
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Aerospace
September 8 2017 2:43 pm

Iridium Is Pursuing Opportunities in NewSpace Satellite IoT

K

Kendall Russell

Iridium Communications has signed a Memorandum of Understanding (MoU) with Magnitude Space, an emerging small satellite company. According to Iridium, the MoU reflects the company's interest in exploring collaborative partnerships with complementary NewSpace players, particularly those in the SmallSat low-power arena.

As part of this MoU, the companies will begin discussions on how to collaboratively expand opportunities for space-based Internet of Things (IoT) services with the development of reliable, Low Power Global Area Network (LPGAN) technologies.

Magnitude Space, headquartered in Amsterdam, is planning to build a network of 18 to 24 small satellites that will deliver LPGAN connectivity to remote areas of the world. From monitoring plantation soil moisture levels to tracking livestock, Magnitude Space aims to be a low-cost option for companies in need of low-power monitoring and tracking options that require longer life battery and infrequent non-real-time messaging solutions.

"Lower power initiatives are a key aspect of Iridium's IoT business strategy," said Tim Last, vice president and general manager of Iridium's IoT business. "Magnitude Space has a solid business proposition with a collaborative approach, which is ideal for this exploratory phase of our relationship. The industry needs both medium-to-high power satellite-based IoT solutions, as well as LPGAN offerings, and we can now discuss ways to best leverage both our network, and their offerings to expand our portfolio of premium IoT solutions."

Iridium's IoT business is currently the company's fastest growing line of business and saw commercial IoT data subscribers increase 20 percent year-over-year in the second quarter of 2017.

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IIoT Connection delivers the latest news, trends, insights, events and research surrounding the dynamic and disruptive Industrial Internet of Things (IIoT) marketplace. Brought to you by the publisher of must-read publications Defense Daily, OR Manager, POWER and Chemical Engineering, as well as the conference producers of SATELLITE, Global Connected Aircraft Summit, Connected Plant Conference and ELECTRIC POWER, IIoT Connection is committed to providing the most comprehensive compilation of products and services dedicated to the Industrial Internet of Things. Key verticals with associated products and services include: aerospace, chemical, cybersecurity, healthcare, oil & gas, power, and transportation.


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