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IRIDIUM™ 9575 “IRIDIUM EXTREME” passes FCC OET certification. IridiumExtreme.Com coming soon


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Iridium’s latest product offering cleared FCC OET certification earlier this week. The device, referred to as “Iridium™ Extreme” (9575) appears to be a follow on product to the popular Iridium 9555. No word if this is what Iridium has referred to in earlier investor briefings as a new “High Functionality” handset. The addition of a “programmable SOS button”, and USB connections for Data transfer may indicate so. Iridium has also stated they expect to release a “Low Cost” Handset in the same approximate time frame as the “High Functionality” handset. Availability of a “low cost” handset may be seen as a critical product given the pricing pressure in the marketplace by the ISatPhonePro, and the soon to be reintroduced Qualcomm GSP-1700 which Globalstar has almost $50MM in existing inventory to monetize before the launch of the 2nd Generation RAN in 2013. In other Iridium news. Iridium recently disclosed in a recent 8-K filing that total outstanding borrowings under its COFACE facility have now topped $307MM.

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