1999

>>The original Iridium LLC enters Chapter 11 bankruptcy in August 1999.

2000

>>“Iridium Satellite LLC” acquires Iridium’s assets out of bankruptcy. U.S. DoD awards contract.

2001

>>Iridium begins offering commercial service for mobile voice; shifts company's strategy to vertical markets.

>>Introduces data and Internet services.

2002

>>Announces successful deployment of in-orbit spares.

2003

>>Introduces short-burst data (SBD) services.

>>Announces short messaging services (SMS).

2004

>>Launches fax and enhanced messaging services.

>>FCC grants access to 3.1 MHz of additional spectrum.

>>Surpasses 100,000+ subscribers; achieves positive EBITDA.

2005

>>Provides critical telecommunications to first responders in Hurricane Katrina region. Regional traffic increases more than 3000%.

2006

>>Launches compact lower-cost satellite data transceiver for supply chain management, field force automation and remote asset tracking. Commences engineering studies for future satellite replenishment and replacement plan.

>>Announces 169,000+ subscribers. Third quarter 2006 revenue was $54.7 million; EBITDA was $14.0 million. Participated in completion of testing of Phase One of Netted Iridium service with the U.S. Marine Corps (USMC) Warfighting Lab.

2007

>>Announces 203,000+ subscribers. Second quarter 2007 revenue of $66.7 million and EBITDA was $20.2 million. Handset sales increased 56% above second quarter 2006.