Iridium Makes Strategic Investment in DDK Positioning, Provider of Enhanced GNSS Accuracy Solutions

Funding Rounds

Summary

Gaffney continued that, "The investment made by Iridium will also allow us to grow the company even further whilst expanding our service offering globally." "DDKs enhanced positioning is a unique capability that adds a high-value solution on top of our existing portfolio of custom network services. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects.

$ Funding

$
Amount - Total raised
Date May 24, 2021 Announcement date
Investors Iridium Satellite Lead investors
Company https://www.ddkpositioning.com/ Funded company

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