Latest news with #3GPPRelease19
Business Wire
5 days ago
- Business
- Business Wire
GCT Semiconductor and Iridium Sign MOU to Collaborate on Integrating Iridium NTN Direct
SAN JOSE, Calif.--(BUSINESS WIRE)-- GCT Semiconductor Holding Inc. ('GCT') (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced its collaboration with Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communication, to integrate the Iridium NTN Direct℠ service into GCT's advanced GDM7243SL chipset. GCT and Iridium will work together to expedite the development of a new Iridium® network-enabled Narrowband Internet of Things (NB-IoT) chipset based on requirements for 3GPP Release 19. Share GCT and Iridium will work together to expedite the development of a new Iridium® network-enabled Narrowband Internet of Things (NB-IoT) chipset based on requirements for 3GPP Release 19. Both companies will jointly explore opportunities, business models, use cases, and commercial deployments requirements for the new Iridium network-enabled NB-IoT chipset, designed for the next wave of 5G Advanced that will integrate satellite technologies into 5G. 'GCT is thrilled to collaborate with Iridium, a leading innovator in satellite IoT applications,' said John Schlaefer, CEO of GCT. 'Building on our expertise in 4G, 5G, and NTN technology, along with our leading multi-mode IoT chip, GDM7243SL, we are excited to broaden our reach into the non-terrestrial market. Working with Iridium, our goal is to address the growing need for trackers, satellite phones, and other IoT solutions.' 'Integrating Iridium NTN Direct with GCT's chipset will enable their customers to experience truly global, reliable standards-based connectivity in a compact, efficient form,' said Greg Pelton, CTO, Iridium. 'GCT is an innovative partner, forward-thinking, and deeply engaged in helping bring this next-generation service to market.' About GCT Semiconductor Holding, Inc. GCT is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT's market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc., for the world's top wireless carriers. GCT's system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, statements regarding GCT's collaboration with Iridium and ability of GCT's 4G/5G chipsets to address additional markets. Words such as 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: the ability of the Company to develop its 5G products and generate revenue; the ability of the Company to enter into and meet the obligations under partnership and collaboration agreements; the ability of the Company to grow and manage growth profitability and retain its key employees; the Company's financial and business performance, including the Company's financial projections and business metrics; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, forecasts, projected costs, prospects and plans; the Company's inability to anticipate the future market demands and future needs of its customers; the impact of component shortages, suppliers' lack of production capacity, natural disasters or pandemics on the Company's sourcing operations and supply chain; the Company's future capital requirements and sources and uses of cash; the ability of the Company to raise sufficient capital to fund its operations; the ability to implement business plans, forecasts, and other expectations, including the growth of the 5G market; the risk that the Company may not be able to repay its debt; the risk of economic downturns that affects the Company's business operation and financial performance; the risk that the Company may not be able to develop and design its products acceptable to its customers; actual or potential conflicts of interest of the Company's management with its public stockholders; and other risks and uncertainties indicated from time to time in the Company's filings with SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and those disclosures under the "Risk Factors" section therein. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
29-05-2025
- Business
- Yahoo
Iridium and Syniverse Partner to Bring Direct-to-Device Satellite Connectivity to Mobile Network Operators Worldwide
MCLEAN, Va., May 29, 2025 /CNW/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new partnership with Syniverse, the world's most connected company®, to support the rollout of Iridium NTN DirectSM service with mobile network operators (MNOs) worldwide. Through this partnership, Iridium NTN Direct is integrating with Syniverse's global platform, making it easy for MNOs to keep their customers continuously connected everywhere on the planet. According to GSMA's 2025 Industry Survey, 85% of MNOs planning to pursue non-terrestrial network (NTN) service are seeking a Low-Earth Orbit (LEO) solution that extends their coverage globally. As part of 3GPP Release 19, Iridium NTN Direct will provide truly global, standards-based direct-to-device (D2D) and narrow-band Internet of Things (NB-IoT) messaging and SOS for consumer devices, automobiles and industrial applications in agriculture, transportation, logistics, energy and utilities. The combination of MNO requirements and Iridium NTN Direct capabilities makes it the ideal solution. With Iridium NTN Direct, MNOs will know they have a reliable partner with a fully deployed, owned and operated satellite constellation, unmatched coverage, globally coordinated mobile satellite services (MSS) spectrum, and a history of providing reliable safety of life services. "We're building the backbone of the global D2D movement, the right way and with the right partners as we prepare for on-air testing with MNOs and chipmakers in the coming months," said Iridium CEO Matt Desch. "The integration of Syniverse's system with the Iridium® network will give MNOs a simple path to expand their footprint to the entire planet." "Satellite networks are becoming a natural extension of the mobile ecosystem, and our role at Syniverse is to make that transition seamless," said Andrew Davies, Chief Executive Officer of Syniverse. "By integrating Iridium NTN Direct into the global mobile framework using standards-based, carrier-grade systems, Syniverse is simplifying deployment, ensuring consistency and security, and accelerating access to non-terrestrial connectivity." For more than 35 years, Syniverse's leadership in mobile interoperability and clearing services has played a key role in enabling MNO adoption for satellite integration, which includes seamless customer roaming, authentication and billing functions. Their system serves approximately 600 carrier customers directly in 170 countries worldwide and connects over 830 mobile operators with their global IPX backbone. Fully 3GPP-compliant and standards-based, Syniverse ensures fast deployment, helping operators confidently unlock new markets. Iridium NTN Direct stands out among Non-Terrestrial Network (NTN) and NB-IoT services by offering MNOs an unmatched combination of truly global coverage, reliability and capability. 3GPP Release 19 is expected to be completed by the end of 2025, and the first Iridium NTN Direct connected devices are planned to be available in 2026. For more information about Iridium, visit: For more information about Iridium NTN Direct, visit: 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 Forward-Looking Statements Disclosure Statements in this press release 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 capabilities, benefits and availability of the Iridium NTN Direct 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 development and marketing of the Iridium NTN Direct service, 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, 2024, filed with the Securities and Exchange Commission (the "SEC") on February 13, 2025, 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. +1 (703) 287-7421 +1 (703) 287-7570 View original content to download multimedia: SOURCE Iridium Communications Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
