Sunday, February 24, 2013

Wireless Matrix, LightSquared extend satellite service deal


Wireless Matrix reported that it has extended its satellite communications service agreement with LightSquared to last through mid-February 2016.

LightSquared provides wholesale mobile satellite data, voice, and bandwidth leasing services. Its agreement with Wireless matrix will leverage the SkyTerra-1 satellite. SkyTerra-1 is one of the most powerful and reliable next-generation commercial satellites, with a footprint that covers North America.

Wireless Matrix will use the renewed agreement to ensure service continuity for its customers, especially those who use satellite services as an integral part of their business. It also sets up the development of the next-generation of satellite services that the Company will later offer.

Wireless provides satellite communications services for critical business applications and GPS fleet management solutions. It ensures mission-critical locomotive communications for railroad operators, connects energy companies with mobile workers to manage outages and other unscheduled tasks, and allows those same energy companies to constantly monitor the status of their fixed-site asset operations in remote locations.

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