ICO Teams with Delphi to Develop Next-Generation Mobile Video DevicesThursday, April 17th, 2008
Automotive Industry Leader to Play Key Role in Deployment of ICO mim™ Service
RESTON, Va. — ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) today announced that it has entered into a contract with Delphi Corp. (PINKSHEETS: DPHIQ) to develop advanced DVB-SH user terminals for its ICO mim™ mobile interactive media service. Under the agreement, ICO has exclusive rights to all DVB-SH devices developed by Delphi for use in the mobile satellite services (MSS) spectrum band in North America for the next three years. Delphi is expected to deliver initial units in December 2008 and will design ICO’s first aftermarket user devices. Delphi also plans to co-market ICO’s interactive mobile video, navigation and emergency communications services to automotive manufacturers.
On April 14, ICO successfully launched ICO G1, a geosynchronous satellite covering the United States. ICO G1 is one of the largest commercial satellites ever launched, and is specifically designed to deliver services to mobile users. Alpha trials for ICO mim will take place later in 2008 in Raleigh-Durham, NC and Las Vegas, NV.
“We are thrilled to be partnering with a premiere company in automotive electronics,” commented Craig Jorgens, president of ICO. “ICO is poised to deliver a unique interactive suite of mobile services for American consumers, and Delphi’s extensive experience in mobile electronics makes them an ideal partner as we implement ICO’s go-to-market strategy.”
“We are very pleased that ICO has chosen Delphi to design the hardware for this terrific venture that is setting the stage for expanded adoption of mobile video,” said Ken Erickson, Delphi’s Entertainment & Communications Product Business unit executive.
“Delphi’s expertise in both aftermarket and OEM design and manufacturing were key factors in the selection process,” added David Zufall, senior vice president, network systems, of ICO. “Their expertise will play an integral part of both our upcoming alpha trials in 2008 and our future commercial launch.”