Iridium Communications Inc. (McLean, Va., U.S.A.) on Tuesday reported financial results for the third quarter of 2011 and raised its outlook for 2011. Iridium reported third-quarter total revenue of $102.1 million, which consisted of $69.4 million of service revenue and $32.8 million of equipment, engineering and support revenue. Total revenue grew 8% versus the comparable period of 2010, while service revenue increased 11% from the year-ago period.
Sierra Wireless (British Columbia, Canada) and Sprint (Overland Park, Kan., U.S.A.) last week announced they are collaborating to help application developers, product manufacturers, and machine-to-machine (M2M) service providers deploy new services. The two companies will co-market Sierra Wireless’ M2M Cloud Platform and Sierra Wireless will support Sprint modules pre-certified on its network.
U.S. smart metering company Sensus (Raleigh, N.C., U.S.A.) is exploring a potential sale of the company and has hired bankers to advise the company on a deal that could potentially cost up to $1 billion, people familiar with the matter said.
Privately held Sensus, which makes smart meters, software and communication systems for the electric, gas, and water industries, is preparing to launch a sale and is being advised by financial service company Credit Suisse (Zurich, Switzerland) on the process, these sources said.
The distribution arm of Italy's biggest utility, Enel (Rome, Italy), has started installing smart grids in Italy, part of its push to develop the technology needed to handle electricity flows from decentralized, fluctuating renewable power sources. Several thousand customers will take part in the $13.7 million pilot project in the southern region of Molise, Enel said in a statement.
The need to develop smart grid technology has been spurred by a rapid growth of renewable energy which is dependent on weather conditions and alternating of day and night.
The U.S. Department of Veterans Affairs (VA) and American Well (Boston, Mass., U.S.A.), a telehealth software company, on Friday announced an initiative to bring telehealth services to U.S. war veterans in their homes and workplaces. The initiative will use American Well's Online Care system to provide care for veterans, particularly those remotely located from VA medical centers, says American Well.
TomTom (Amsterdam, Netherlands) on Tuesday launched a smartphone application designed to provide customers with information about their vehicle fleet. The smartphone application, WEBFLEET Mobile, includes a detailed map which provides a view of the current traffic situation using TomTom’s real-time traffic technology, the TomTom HD Traffic.
The technology allows customers to pinpoint the location of their fleet, obtain information on each vehicle's destination and estimated time of arrival, and gain trip data information such as mileage and timestamps, according to TomTom.
An estimated $590 million was spent on smart grid security technologies in 2010 and by 2016 that number is projected to surpass $2 billion, according to a report by ABI Research (Oyster Bay, N.Y., U.S.A.). However, despite this, cyber security challenges are nowhere close to being resolved, and the industry will continue to face a number of serious hurdles in the coming years, says Pike Research (Boulder, Colo., U.S.A.).
Once a largely overlooked sector of wireless, the machine-to-machine (M2M) market is fast becoming the darling of the wireless world, and a wide variety of new M2M applications are beginning to emerge.
In fact, a recent study from Pyramid Research (Cambridge, Mass., U.S.A.) titled, “The Machine-to-Machine Market: A high-growth opportunity for MNOs,” predicts that the volume of cellular M2M subscriptions will increase almost fourfold between 2010 and 2016, from 72 million to 282 million.
On Tuesday, Sierra Wireless (British Columbia, Canada) and the Eclipse Foundation (Ontario, Canada), a nonprofit vendor neutral corporation consisting of individuals across the software industry, announced the formation of a new Industry Working Group to define and implement an open standard platform for the software development tools used in developing machine-to-machine (M2M) applications.
Despite several years of economic woes and rapidly expanding debt, The Republic of Ireland has announced its commitment to Electric Vehicles (EVs) and an aggressive roll-out of charging infrastructure. The country is installing 1,500 public charging stations this year, which puts the country on pace to have a greater penetration per capita than the United States.