Reston, VA., May 12, 2008 ICO Global Communications (Holdings) Limited (ICO) (NASDAQ: ICOG) announced today that it has filed its final milestone certification with the Federal Communications Commission (FCC) confirming that its satellite system is operational. ICO has successfully completed two-way voice and data sessions using the ICO G1 satellite, ICO's North Las Vegas gateway, and mobile terminals. The sessions were conducted in the 2000-2020 MHz and 2180-2200 MHz bands. In addition, ICO informed the FCC that it had selected the 2010-2020 MHz frequency block in the 2 GHz MSS uplink band and the 2180-2190 MHz frequency block in the 2 GHz MSS downlink band.
"Our goal at ICO has been to unlock the value we know we have, including our spectrum value," commented Tim Bryan, ICO chief executive officer. "With today's certification we mark three key accomplishments. First, ICO has met its twelfth and final FCC milestone in our MSS licensing proceeding, thereby perfecting its nationwide MSS license. Second, ICO G1 has performed flawlessly to date, giving ICO the most powerful MSS satellite over North America. Third, ICO has selected its frequency assignments so that our ICO mim™ alpha trial and subsequent operations can commence later in 2008 and into 2009. With our satellite launched and operational and our MSS spectrum secured, we are looking forward to deploying these assets to deliver compelling and differentiated services for American consumers."
Launched from Cape Canaveral, Florida on April 14, 2008, ICO G1 is one of the largest commercial satellites ever deployed, and the first satellite to utilize an innovative ground-based beam forming capability, providing unprecedented flexibility in the technologies it can support. Once fully operational, ICO G1 will provide coverage to most of North America, including the continental United States, Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands.
About ICO mim™
The ICO mim product is a converged mobile media service that addresses a wide variety of consumers' entertainment, information, and two-way communication needs: live and stored mobile TV in vehicles, interactive navigation, and roadside assistance, all with nationwide coverage. ICO mim will provide multiple channels of high-quality mobile video to portable, larger-screen (4.5 to 10 inch) user devices.
ICO Global Communications (Holdings) Limited is a satellite communications company developing an advanced next-generation hybrid media system, combining both satellite and terrestrial communications capabilities. ICO G1 is capable of supporting wireless voice, data, and/or Internet services throughout the United States on mobile and portable devices. ICO is deploying a mobile interactive media service known as ICO mim™. ICO mim will combine ICO's unique interactive satellite capability with nationwide coverage to deliver a new level of navigation, enhanced roadside assistance and the ultimate mobile video experience, including 10-15 live channels of premium television content. ICO is based in Reston, Virginia. For more information, visit www.ico.com.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding the timing and content of the alpha trials of ICO mim. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results. More information about risks is contained in ICO's most recent Annual Report on Form 10-K and its other filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release speak as of the date hereof, and ICO undertakes no obligation to revise or update any forward-looking statements for any reason.