strong-position

Hilary Kramer makes a number of important points in The Huffington Post story alleging faulty equipment is being supplied to our country’s combat troops. Unfortunately, the article included claims about Iridium that are entirely incorrect. The author cited a “first-call connection rate of only 80 percent.” The fact is that Iridium’s call completion rates are consistently greater than 95% from anywhere on the planet with a clear view of the sky. This has been validated by independent third-party consultants and our customers including the U.S. Government. With 66 operational satellites and 7 in-orbit spares, and major ongoing enhancements to the network infrastructure, Iridium is in a strong position to continue providing high reliability through 2015, when the first of our “Iridium NEXT” next-generation satellites are scheduled to be launched into orbit. In addition, it is important to remember that Iridium phones are not cell phones, but they do cover the entire Earth’s surface, where cellphones actually cover only less than 10 percent of the Earth’s surface. With respect to 16-year-old sailor Abby Sunderland, the facts are that she used her Iridium phone from the Indian Ocean on June 10th to speak with her parents to relay the good news she had successfully repaired her engine. Shortly thereafter a massive wave flooded her boat, disabled her engine and damaged her phone in the process. Huffington Post’s readers can read Abby’s account and Abby mentions Iridium on her own website . Iridium has more than 375,000 subscribers, many of whom depend on Iridium for reliable mission-critical communications day-in and day-out. They include first responders rushing to the aid of earthquake and hurricane victims, firefighters struggling against wildfires, ships on the high seas, aircraft flying across wide open spaces, medical evacuation helicopters transferring patients to a hospital, oil and gas workers in the far northern regions of Alaska and — yes — soldiers on combat duty in Afghanistan and other places around the world. Iridium is proud to provide reliable communications services globally to all of these diverse users of our system.

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Matt Desch: Setting the Record Straight on Iridium

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By Andrew Noel June 8 (Bloomberg) — ABB Ltd. , the world’s biggest supplier of power grids, agreed to buy Chloride Group Plc in an 864 million-pound ($1.3 billion) offer that beat a rival approach from Emerson Electric Co . Chloride investors will receive 325 pence a share in cash, Zurich-based ABB said in a statement today. That’s 55.5 percent higher than Chloride’s closing price on April 23, the day Emerson made its failed approach. ABB bid 141 million pounds more than Emerson to get Chloride’s seal of approval for a takeover. Management at the British company shunned Emerson, forcing it to take its proposal directly to shareholders. The takeover would mark ABB’s second planned acquisition of more than $1 billion in as many months, ending a decade of sitting on cash reserves that swelled to $7.2 billion last year. “The combination of Chloride’s strong position in the fast- growing medium- to high-power UPS business with ABB’s global reach and complementary power and automation offering provides significant growth opportunities for both businesses,” ABB Chief Executive Officer Joe Hogan said in the statement. “The transaction is in line with our strategy to acquire companies especially in areas where demand for power and automation solutions is converging.” To contact the reporter on this story: Andrew Noel in London at anoel@bloomberg.net

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ABB Agrees to Buy Chloride Group for $1.25 Billion, Beating Emerson Offer

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