Iridium Acquires Satelles
Iridium Communications has entered into an agreement to acquire Satelles, Inc., a leader in secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems.
The service, named Satellite Time and Location (STL), is designed as an easy-to-adopt, secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects against GNSS vulnerabilities using low-cost hardware that doesn't require outdoor antennas.
The market for assured Positioning Navigation and Timing (PNT) services, estimated to reach $3.5 billion in 2032, is evolving to require integrated small-form-factor devices instead of the server rack-size solutions connected to outdoor GPS antennas that are available today. Time synchronization and location data play an important role in the global economy, particularly in the commercial sector for major industries supported by critical infrastructure, such as financial services, telecommunications, cyber security, and transportation.
Iridium's first focus is to reduce the size and cost barriers to adoption, enabling deployment of a more accessible solution for integration with autonomous systems, consumer devices, vehicles and traditional markets like aviation, maritime and land mobile. It also provides an opportunity for Iridium's existing partner eco-system to add to their portfolio of solutions and harden their GNSS-reliant products and infrastructure.
"This market is growing; it's a perfect application of our network, and this solution solves a problem for critical industries better than anything else," said Iridium CEO, Matt Desch.
The STL service utilizes the stronger broadcast paging channels of the Iridium satellite constellation to deliver precise timing information, which provides global, secure time and location signals that are 1,000 times more powerful than GNSS constellations. The service is resilient to regional GNSS outages, works inside buildings and is being used today to secure digital infrastructure for financial markets, governments, and major corporations.
STL will become a new business line of Iridium, led by Satelles CEO, Dr. Michael O'Connor who will report to Iridium CEO, Matt Desch.
