Iridium Expands Global Pnt With Satelles Acquisition

By Author: Ben Gross
Total Articles: 445
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Iridium Communications Inc. (NASDAQ: IRDM) has just announced its acquisition of Satelles, Inc., a top provider of secure satellite-based time and location services that enhance and safeguard GPS and other GNSS-dependent systems. The newly acquired service, Satellite Time and Location (STL), offers a secure and user-friendly solution that boosts the efficiency and reliability of timing systems for digital infrastructure such as 5G base stations and data centers. This move aligns with Iridium's commitment to investing in cutting-edge technologies that excel in comparison to other solutions. The market for assured Positioning Navigation and Timing (PNT) services is rapidly growing, with a projected value of $3.5 billion by 2032. The demand is shifting towards integrated small-form-factor devices, making Iridium's acquisition of Satelles timely and strategic. Time synchronization and location data are crucial for various industries, including financial services, telecommunications, cyber security, and transportation. Iridium's STL solution will enhance efficiency and resilience for data centers worldwide, benefiting millions of ...
... servers that require precise time synchronization. The company aims to make this technology more accessible and cost-effective for integration into autonomous systems, consumer devices, vehicles, and traditional markets like aviation and maritime. This acquisition also presents an opportunity for Iridium's partner ecosystem to expand its offerings.

More Information : https://www.techdogs.com/tech-news/pr-newswire/iridium-to-expand-its-reach-as-a-global-alternative-pnt-service-with-acquisition-of-market-leader-satelles