TYSONS CORNER, VA, Sept. 13, 2017 — Iridium Communications (Nasdaq: IRDM) will collaborate with Magnitude Space to study the potential of low-power global area network technology to deliver space-based internet of things services, ExecutiveBiz reported Friday.
The memorandum of understanding between the two companies is part of Iridium’s efforts to explore partnerships with the “NewSpace” sector and the small satellite low-power arena in particular, the satellite communications firm said Thursday.
“We envision a future where numerous diverse satellite architectures interwork to support the dramatically expanding IoT universe,” said Matt Desch, CEO of Iridium and an inductee into Executive Mosaic’s Wash100 for 2017.
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