![]() ![]() And Iridium operates the only fully functional network. The dream of connected devices that work anywhere in the world is finally here. The stock is up 19.6% in 2022, versus a decline of 31.8% for the technology-heavy Nasdaq. Its network is now complete and functional and shareholders are set to reap the rewards. The company recently became profitable after two decades of investing billions in satellites, launches and logistics. Operational EBITDA surged to a record $106 million, ahead 12%.Īt a price of $49.38, Iridium shares trade at 9.7x sales, for a market capitalization of $6.4 billion. Iridium generated $175 million in sales during Q2, up 17% vs a year ago. Executives at Iridium are focused on commercial markets, and the wholesaling of broadband to partners like Garmin, and 450 other value-added firms. This mass market strategy targets traditional wireless carriers. Although the Federal Communication Commission has granted SpaceX approval to offer commercial aircraft broadband services, its business model is mostly based on commoditized broadband delivery to rural areas. Many investors worry that Iridium competes directly with SpaceX, yet that is largely untrue. The Iridium Service Aviation Terminal will launch broadband service to commercial flights in the last quarter of 2022. The company is active in the commercial aircraft market, too. The system has become integral part of the growing unmanned aerial vehicle market, i.e. Iridium Certus 100 brings connectivity to vehicles, ocean-going vessels and aircraft all over the world. ![]() ![]() And growth is accelerating as partners like Garmin, ZOLEO, Bivy and others develop new lightweight devices that can be paired with smartphones, even when the customers are completely off the grid. Desch noted that the company now has 670,000 active personal satellite communications users. He also talked about the huge opportunity ahead for IoT. However, the future of the McLean Va.-based company is the burgeoning Internet of Things market.įollowing the second quarter financial results in July, Matt Desch, chief executive officer, raised guidance for the full year. And the United States military is by far the biggest customer of Iridium Communications. With the spirit of "Can-do and Can-be" for our customer services, UMM would like to serve a broad domain from aviation, aerospace, metallurgy, petrol-chemistry to military industry and provide reliable material solution in respects of high-temperature alloy, super alloy, catalyst, sputtering target and special electron electrode.The current Iridium constellation has been invaluable to soldiers and displaced citizens in Ukraine. This technique not only fills the gap in China, but also played an important role in technological inno-vation in the field of rhenium development all over the world. Recently UMM has successfully mastered the process and technology to produce rhenium powder with the purity of 99.99% to 99.999%, and the average particle size can be controlled within 1~2 µ M. The chemical purity of products is up to 99.999% and the physical properties such as powder size can be customized to a desirable fine level. Oriented towards the goal of "ultimate purity, ultimate excellence", with the front-edge technique of purification and plentiful hands-on experience in operation, UMM has constantly developed exclusive process and facilities to produce super-pure, super-fine serial products of Re, W, Mo which are highly interested by domestic and international customers and institutes. With its Ultra Purity Refractory Metals Materials R&D Centre, UMM is specialized on the research and manufacture of the fine powder, products, alloys, composite material and target of ultrapure, high-quality refractory metals and dissipated metals, such as Re, W, Mo, and Ti, etc. Company Introduction: Ultra Minor Metals Ltd (UMM) is fully committed to ultrahigh & special rare metals materials, especially high-purity refractory metals.
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