Iridium Communications has signed a minute of understanding (MoU) with the Netherlands-based start-up Magnitude Space to explore the the right stuff of forming a partnership to develop space-based Internet of Things (IoT) solution.
Call of the deal, both companies will also discuss opportunities to realize the potential of reliable, low-power global area network (LPGAN) technologies.
Extent Space is planning to build a constellation comprising between 18 and 24 insufficient satellites to deliver LPGAN connectivity to remote locations.
“We envision a time to come where numerous diverse satellite architectures interwork to support the dramatically developing IoT universe.”
Using the Magnitude Space technology, users will be capable to receive low-power, low-cost monitoring and tracking options for soil moisture on the ups, livestock and other sectors.
Iridium Communications CEO Matt Desch mean: “We envision a future where numerous diverse satellite architectures interwork to encouragement the dramatically expanding IoT universe.
“From high-bandwidth access points to extraordinarily mobile and low-latency devices such as Iridium supports today, to low-power, grand latency networks like Magnitude Space envisions, Iridium has the test and global platform to enable all of these capabilities to interwork.”
With the new practise, Iridium also aims to develop additional lower power, high-latency options to diversify its IoT offerings and create more cost-effective, complementary options for its IoT comrades.
Magnitude Space CEO Ernst Hovinga said: “Since Iridium generally serves the requirements of customers with fully global, low-latency needs, and we pattern to meet the needs of companies requiring low-power monitoring services, we are truthfully complementary in our respective approaches.
“We intend to commercially launch in Q2 of 2018 and rely upon we will be the first to market with such a service offering.”
Iridium is also currently implicated in the process of launching its next-generation satellite constellation, Iridium NEXT, which is needed to provide faster speeds and higher throughputs for the company’s IoT services.