Science & Technology
Science and Technology
Science and Technology
Tue, January 27, 2009 SkyTerra Named Recipient of International Technology Innovation Award
RESTON, Va.--([ BUSINESS WIRE ])--SkyTerra (OTCBB:SKYT), formerly Mobile Satellite Ventures, is the recipient of the 2009 Frost & Sullivan North America Technology Innovation of the Year Award in Space Communications.
The award, part of the Frost & Sullivan Best Practices Awards Program, recognizes SkyTerra's pioneering efforts in developing an innovative technological solution for an integrated satellite-terrestrial communications network that potentially could dramatically improve the utility of wireless telecommunications worldwide.
"It is with great pleasure that we present this year's technology innovation award to SkyTerra," said Frost & Sullivan research analyst Anirudh Srinivasan. "SkyTerra's next-generation hybrid network, combining cellular and satellite technologies, has significant potential for its distribution partners to offer differentiated services by providing nearly ubiquitous access to content and services. SkyTerra's network architecture approach will allow significantly greater flexibility for the provisioning of advanced services and devices, affording partners the opportunity to deliver a significantly enhanced end-user experience."
"We are honored to be recognized by Frost & Sullivan as a recipient of their Best Practices Award," said Alexander H. Good, chairman, CEO and president of SkyTerra. "SkyTerra's technology facilitates a more economical model for next-generation mobile satellite services and for the first time enables hybrid cellular-satellite networks. Our approach involves using a very powerful and spectrally efficient satellite system, which is made to appear virtually as a base station in the sky to subscriber equipment essentially identical to a standard cellular device. One of our main objectives is to ensure that the satellite element of the integrated service offering is as transparent to the end-user as possible."
According to Frost & Sullivan's research, the main advantage of SkyTerra's innovative technology will be its economies of scale, and that it will enable integrated services on conventional wireless handsets with minimal modification to the selected chipset platform. To this end, SkyTerra is collaborating with Qualcomm, Inc. for integrating satellite and cellular communications into Qualcomm's standard, multi-mode, mobile baseband chips. This technology is expected to be available as a no-cost option on selected Qualcomm chips beginning in 2010.
Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About SkyTerra Communications ([ www.skyterra.com ])
SkyTerra Communications (OTCBB: SKYT) delivers mobile wireless voice and data services primarily for public safety, security, fleet management and asset tracking in the U.S. and Canada. The company's next-generation integrated satellite-terrestrial communications network is expected to provide seamless, transparent and ubiquitous wireless coverage of the United States and Canada to conventional handsets. When completed, the network will support communications in a variety of market segments, including public safety, homeland security, aviation, transportation and entertainment, by providing a platform for interoperable, user-friendly and feature-rich voice and high-speed data services.
About Frost & Sullivan:
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit [ http://www.frost.com ].
Statement under the Private Securities Litigation Reform Act
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to plans described in this news release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words. Such forward-looking statements are subject to uncertainties relating to the ability of SkyTerra and MSV to raise additional capital or consummate a strategic transaction or deploy the next generation system, as well as the ability of SkyTerra to execute its business plan. We assume no obligation to update or supplement such forward-looking statements.
