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Business Wire
04-06-2025
- 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
12-03-2025
- Business
- Yahoo
Empowering Relief Efforts: Iridium Partners with World Central Kitchen
MCLEAN, Va., March 12, 2025 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) a leading provider of global voice and data satellite communications, today announced a strategic partnership with World Central Kitchen (WCK), an organization dedicated to providing relief to communities experiencing natural, humanitarian, and climate-driven disasters. This collaboration will strengthen WCK's ability to coordinate and deliver food assistance to communities facing crises, including supporting communications for their frontline relief workers and first responders. Founded in 2010, WCK has served over 450 million meals across six continents in response to humanitarian and climate crises. When responding to crises around the world, WCK has faced challenges due to lack of reliable local communications infrastructure. In disaster situations, terrestrial communications often quickly become disabled, making it difficult for first responders to quickly and effectively deploy their relief efforts. By partnering with Iridium, WCK is filling these gaps and addressing communication vulnerabilities with reliable, satellite-based services that enable communication in higher risk areas of operations. With Iridium's truly global, weather-resilient satellite network, the WCK team will stay reliably connected everywhere on the planet. Through this partnership, WCK will benefit from several Iridium® and Iridium ConnectedTM devices, including the Iridium GO! exec®, Iridium GO!®, Iridium Extreme® PTT, and Icom IC-SAT 100. Members of WCK's leadership teams, coordination centers, and on-site staff will rely on this suite of devices using Iridium services for rapid response and real-time critical communications with deployed teams such as local first responders, field leaders and support staff. These lightweight and highly mobile devices will give WCK the ability to use voice call, message, email, and secure group Push-to-Talk communication from anywhere in the world. "Reliable connectivity is critical for our teams to coordinate relief efforts in the most challenging environments during World Central Kitchen disaster response," says Prianka Nandy, WCK Acting Senior Vice President for Digital & Data. "Having a range of Iridium solutions in place means that our relief teams have access to real-time communications, so they can move fast to bring meals to the communities that need them." "World Central Kitchen's mission to provide meals in the wake of disasters is critical, especially where traditional communications are unavailable," said Matt Desch, CEO, Iridium. "By leveraging our truly global network, WCK can better coordinate their relief efforts in even the most challenging of environments. From responding to hurricanes in the Caribbean to supporting communities affected by wildfires, earthquakes or humanitarian disasters, we're proud to support them as they make a real difference during times of great need." Iridium's unique network of crosslinked, polar-orbiting satellites provide reliable connectivity around the entire globe. Its L-band spectrum provides a strong, weather-resilient connection, making it an ideal communications platform for teams like WCK operating in remote and challenging conditions. Additionally, Iridium's unique satellite architecture dynamically routes communications through geographically dispersed gateways, maintaining connectivity even when local telecom infrastructure is disrupted by natural disasters or other emergencies. This unmatched reliability makes Iridium a preferred choice for many UN agencies and NGOs that depend on secure, mission-critical communications. To learn more about World Central Kitchen, visit: learn more about Iridium, visit: About Iridium Communications 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, Inc. 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 About World Central KitchenFounded in 2010 by Chef José Andrés, World Central Kitchen (WCK) is a nonprofit organization that is first to the frontlines providing fresh meals in response to crises. Applying our model of quick action, leveraging local resources, and adapting in real time, WCK has served more than 450 million nourishing meals around the world. When disaster strikes, WCK's Relief Team mobilizes with the urgency of now to start cooking and serving meals to people in need. By partnering with organizations on the ground and activating a network of local restaurants, food trucks, and emergency kitchens, WCK serves comforting meals to survivors of disasters quickly and effectively. To support regional economies, WCK prioritizes purchasing local ingredients to cook with or distribute directly to families in need. We know that good food provides not only nourishment, but also comfort and hope, especially in times of crisis. Learn more at Press Contact: Investor Contact: Jordan Hassin Kenneth Levy Iridium Communications Inc. Iridium Communications Inc. +1 (703) 287-7421 View original content to download multimedia: SOURCE Iridium Communications Inc. Sign in to access your portfolio
