Shares of Iridium Communications Inc (NASDAQ:IRDM) ended Friday session in green amid volatile trading. The shares closed up +0.04 points or 0.54% at $7.45 with 3.99 million shares getting traded. Post opening the session at $7.38, the shares hit an intraday low of $7.26 and an intraday high of $7.47 and the price vacillated in this range throughout the day. The company has a market cap of $716.27 million and the numbers of outstanding shares have been calculated to be 95.63 million shares.
Iridium Communications Inc (IRDM) on Sept. 06, 2016 announced that over the last 12 months, ending June 30, 2016, the company shipped over 2,200 Iridium Pilot® units, concluding with one of the best quarters in company history. Iridium Pilot, which is powered by Iridium OpenPort®, Iridium’s current global broadband service, is one of the fastest growing maritime products in the Mobile Satellite Service (MSS) industry. Over the same 12-month period, Iridium OpenPort subscriber base increased by 9 percent across the company’s vast partner network and customer base.
“We equip our customers’ fleets with the most reliable solutions, not only to ensure business continuity, but also so personnel feel safe and connected to life on land,” said Tore Morten Olsen, president maritime, Marlink. “We are pleased to work with Iridium to provide truly global back up coverage which we pair with our best-in-class Marlink Sealink VSAT. By combining VSAT and MSS we are able to offer a broader range of connectivity solutions for ship owners to choose from. Therefore, Iridium is an important partner for Marlink to provide the highest levels of flexibility for ship owners across all maritime segments and vessel sizes.”
Shares of Mobileye NV (NYSE:MBLY) ended Friday session in red amid volatile trading. The shares closed down -1.27 points or -2.87% at $42.94 with 3,930,788 shares getting traded. Post opening the session at $43.80, the shares hit an intraday low of $42.87 and an intraday high of $44.33 and the price vacillated in this range throughout the day. The company has a market cap of $9.14 billion and the numbers of outstanding shares have been calculated to be 218.85 million shares.
On Aug. 23, 2016 Mobileye (MBLY) and Delphi Automotive PLC (DLPH) announced a partnership to jointly develop a complete SAE Level 4/5 automated driving solution. The program will result in an end-to-end production-intent fully automated vehicle solution, with the level of performance and functional safety required for rapid integration into diverse vehicle platforms for a range of customers worldwide. The partners’ CSLP platform will be demonstrated in combined urban and highway driving at the 2017 Consumer Electronics Show in Las Vegas and production ready for 2019.
Mobileye is the world leader in computer vision systems, mapping, localization and machine learning focused on the automotive domain. Delphi is a world leader in automated driving software, sensors and systems integration. Working together, the two companies will co-develop the market’s first turnkey Level 4/5 automated driving solution.
The automated driving solution will be based on key technologies from each company. These include Mobileye’s EyeQ® 4/5 System on a Chip (SoC) with sensor signal processing, fusion, world view generation and Road Experience Management (REM™) system, which will be used for real time mapping and vehicle localization. Delphi will incorporate automated driving software algorithms from its Ottomatika acquisition, which include the Path and Motion Planning features, and Delphi’s Multi-Domain Controller (MDC) with the full camera, radar and LiDAR suite. In addition, teams from both companies will develop the next generation of sensor fusion technology as well as the next generation human-like “driving policy.” This module combines Ottomatika’s driving behavior modeling with Mobileye’s deep reinforcement learning in order to yield driving capabilities necessary for negotiating with other human drivers and pedestrians in complex urban scenes.
“The Mobileye and Delphi relationship started in 2002 with the implementation of what was one of the most advanced active safety systems of the time. Our long history together is key to the success of this ambitious endeavor,” said Professor Amnon Shashua, Mobileye Chairman and Chief Technology Officer. “Our partnership with Delphi will accelerate the time to market and enable customers to adopt Level 4/5 automation without the need for huge capital investments, thereby creating a formidable advantage for them.”