MCLEAN, Va., Oct. 14, 2026 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, today announced that Altair Semiconductor, a world leader in cellular IoT chips, is integrating Iridium NTN Direct℠ capability into Altair's ALT1350 and next-generation ALT1550 IoT chipset platforms. With terrestrial cellular IoT and Iridium satellite connectivity on a single chipset, device manufacturers, module makers and mobile network operators (MNOs) will be able to extend IoT connectivity beyond the reach of terrestrial networks through the Iridium satellite network, without adding a separate satellite modem to their designs.
The partnership combines Altair's cellular IoT chipset technology, among the most highly integrated low-power connectivity solutions available, with Iridium's 3GPP standards-based non-terrestrial network (NTN) service, giving device manufacturers another chipset option for products that need connectivity beyond terrestrial cellular coverage. With the ultra-low-power ALT1350, these connectivity requirements can include asset tracking, logistics, smart metering and utilities, agriculture, vehicle telematics, industrial monitoring and remote infrastructure. With the ALT1550, these capabilities extend to a new generation of AI-powered 5G eRedCap devices, such as smart glasses, AI assistants and other wearables, that need to stay connected wherever they go.
"Altair has deep experience developing highly integrated, low-power IoT solutions, and we're excited to work together to extend their reach with Iridium's truly global satellite network," said Tim Last, executive vice president, Iridium. "As a market leader in satellite IoT, Iridium is offering device manufacturers a powerful new way to develop connected products. Integrating Iridium NTN Direct into Altair's chipsets will enable solutions and applications that require reliable, low-power connectivity beyond the limits of terrestrial networks."
"Adding Iridium NTN Direct to our ultra-low-power LTE-M/NB-IoT ALT1350 and 5G eRedCap ALT1550 chipsets reflects our commitment to giving customers greater flexibility in how and where their IoT devices connect," said Dima Feldman, VP Product Management and Marketing, Altair Semiconductor. "With Iridium's truly global LEO satellite connectivity alongside terrestrial cellular, device manufacturers can more easily develop solutions that will reliably work anywhere they're deployed."
Iridium NTN Direct leverages Iridium's fully operational, LEO satellite constellation and globally coordinated L-band spectrum to extend standards-based connectivity beyond terrestrial networks. The service is designed to support NB-IoT and direct-to-device (D2D) applications using compatible 3GPP standards-based chipsets, providing MNOs, chipset manufacturers and device makers with a path to extend connectivity through the Iridium satellite network.
Altair joins a growing ecosystem of partners bringing the Iridium NTN Direct service to market. A combination of chipmakers, module manufacturers, OEMs, device makers, and IoT developers is leading the next generation of NTN-cellular integration with Iridium NTN Direct.
For more information about Iridium NTN Direct, visit www.iridium.com/ntn-direct
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium NTN Direct service. 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. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the Iridium NTN Direct service, the company's ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, and the company's Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on July 22, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.
Press Contact:
Investor Contact:
Jordan Hassin
Kenneth Levy
Iridium Communications Inc.
Iridium Communications Inc.
Jordan.Hassin@Iridium.com
Ken.Levy@Iridium.com
+1 (703) 287-7421
+1 (703) 287-7570
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Altair Semiconductor Integrates Iridium NTN Direct into ALT1350 and ALT1550 Cellular IoT Chipsets
Brightray expands into the world's largest data center market with its first U.S. project letter of intent, targeting delivery within one year with Brightray prefabricated data center solution to support next-generation AI compute deployment
SINGAPORE, Oct. 14, 2026 /PRNewswire/ -- Brightray Science Inc. (together with its subsidiaries, "Brightray"), a majority-owned subsidiary of BUUU Group Limited (Nasdaq: BUUU), today announced that its wholly owned subsidiary, Brightray Veridian Pte. Ltd., entered into a letter of intent (the "LOI") on October 6, 2026 with a U.S.-based mission critical infrastructure partner (the "Partner") for a planned 10MW AI data center project in Indiana, United States. The LOI is Brightray's first project letter of intent signed in the United States and marks an important step in its expansion into the world's largest data center market.
The project site is located in Indiana, United States. Under the LOI, the Partner intends to engage Brightray to deploy a 10MW prefabricated data center solution, with implementation subject to the parties reaching final agreement on technical specifications, commercial terms, the project schedule and definitive contract documentation. Brightray intends to act as the supplier for the prefabricated data center scope agreed by the parties, providing related design, manufacturing, integration, delivery and other agreed services. The principal cooperation arrangements under the LOI are not legally binding and do not create any obligation on either party to purchase, supply or make payment. Under the LOI, the Partner intends to issue a purchase order to Brightray by November 15, 2026. The LOI will expire 12 months after it was signed unless replaced earlier by a definitive agreement. There can be no assurance that the parties will enter into a definitive contract, that the Partner will issue a purchase order or that the project will proceed as planned.
Project Overview
The project is intended to use Brightray prefabricated data center solution, with planned power capacity of 10MW. To meet the U.S. market's pressing need for speed of delivery, Brightray intends to complete the pre-installation and integration of the data hall modules and related functional systems at the manufacturing stage, so that on-site work is concentrated on module placement, interface connections and integrated commissioning. The single-storey layout will be designed around the equipment configuration, operation and maintenance access and site conditions, providing space and facility support for the deployment of high-density AI equipment.
The project is intended to be compatible with the NVIDIA GB300 computing platform, with power distribution, cooling and data hall layout planned around the requirements of high-density AI equipment deployment. The project is planned to be designed on the basis of Tier III standards, with a target design annual power usage effectiveness ("PUE") of below 1.2, aiming to balance high-density computing capacity, operational reliability and energy efficiency.
By carrying out factory prefabrication in parallel with on-site foundation and ancillary works, Brightray plans to shorten the project delivery period to within one year. The one-year target covers the overall project schedule in the United States, including design finalization, permitting, international shipping, on-site foundation and ancillary works, installation and commissioning, and not only the delivery of the prefabricated modules. The starting point of the delivery period and the implementation schedule will be specified in the subsequent definitive contract. The final design, technical specifications and delivery arrangements of the project remain subject to factors including the parties' final agreement, site and power conditions, required approvals and equipment supply.
Entering the World's Largest Data Center Market, Capturing AI Build-Out Demand Through Delivery Capability
The United States is the world's largest data center market and a major center of global AI infrastructure investment and construction. According to JLL's 2026 Global Data Center Outlook, the Americas account for approximately 50% of global data center capacity, with the United States accounting for approximately 90% of capacity in the Americas. The scale of this market makes the United States an important market for Brightray's international expansion and provides broad scope for construction solutions that can accelerate the delivery of computing infrastructure.
Strong market demand comes with significant delivery constraints. CBRE's U.S. Real Estate Market Outlook 2026 notes that power supply and infrastructure conditions continue to affect data center construction schedules and that traditional 12-to-18-month timelines for sub-50-MW buildings no longer apply. Against this backdrop, speed of delivery has become an important consideration for customers in selecting construction solutions. By carrying out factory prefabrication in parallel with on-site works, Brightray intends to shorten the delivery period for this project to within one year; the starting point and delivery conditions will be specified in the definitive contract.
The LOI gives Brightray the opportunity to carry out its first project in the U.S. market. For Brightray, its significance lies not only in a new 10MW project opportunity, but also in bringing the prefabricated delivery model to the world's largest data center market and building local project execution and partnership experience. If the technical solution, commercial arrangements and definitive contract are finalized, the project is expected to serve as a reference for Brightray's future business expansion in the United States.
Brightray Prefabricated Data Center Solution Supports Rapid Delivery of AI Infrastructure in the United States
Mr. Bin Wang, Founder of Brightray, said, "Entering the U.S. market is an important step in Brightray's international development. The U.S. has enormous data center demand, and customers face real pressure to turn their AI investments into usable computing power as quickly as possible. Our entry point is delivery: with Brightray prefabricated data center solution, we move more of the work into the factory and run manufacturing in parallel with on-site works, with the aim of shortening the delivery period for this project to within one year."
Mr. Wang added, "We look forward to working further with our partner on the technical solution and implementation arrangements and to building delivery experience in the U.S. market through this 10MW project. Addressing the power, cooling and space requirements of next-generation AI equipment, we aim to bring the efficiency advantages of our prefabricated data center solution to the project and lay the foundation for the further expansion of our U.S. business."
About Brightray
Brightray is an AI infrastructure industrialization company and a 60%-owned subsidiary of BUUU Group Limited (Nasdaq: BUUU). Brightray accelerates data center deployment through prefabricated, modular and standardized solutions, with services spanning design, manufacturing, delivery and full lifecycle support. Its portfolio of prefabricated data center solutions, allows Brightray to match the appropriate solution to each customer's computing needs, site and building conditions, project scale and delivery schedule.
For more information, please visit www.brightraydc.com.
About BUUU Group Limited
BUUU Group Limited (Nasdaq: BUUU) has established industrialized AI data center delivery as its core growth business, operated through Brightray Science Inc., in which BUUU acquired a controlling interest in September 2026. BUUU also provides MICE (meetings, incentives, conferences and exhibitions) solutions spanning event management and stage production to public institutions, agencies, real estate corporations and established brands.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "may," "will," "expect," "anticipate," "aim," "intend," "plan," "believe," "target" or similar expressions. Forward-looking statements include statements regarding the progress of the cooperation contemplated by the LOI, the proposed purchase order and the timing of its issuance, the execution and terms of definitive agreements, the project's design and capacity, GB300 compatibility, design PUE, the Tier III design target, the delivery period, and Brightray's business plans and prospects in the U.S. market.
These statements are based on current expectations and assumptions and involve risks and uncertainties, many of which are beyond the control of BUUU and Brightray, that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to: the non-binding nature of the principal cooperation arrangements under the LOI and the possibility that the parties may not enter into definitive agreements or proceed with the transaction; the possibility that the Partner may not issue a purchase order when expected or at all; the parties' ability to agree on final technical specifications, commercial terms, project scope and schedule; changes to the project's design, capacity or schedule; land and site conditions; power supply and grid connection timing; required planning, building, power and other approvals; project financing; the Partner's financial condition and ability to perform; the progress of equipment procurement, manufacturing, transportation and on-site construction; differences between actual operating conditions and design assumptions; the integration of Brightray with BUUU; competition in the data center industry and demand for AI computing infrastructure; changes in applicable laws and regulations and in trade, tariff and export control measures; and other risks described in the documents BUUU files with or furnishes to the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and, except as required by applicable law, BUUU undertakes no obligation to update them. NVIDIA and GB300 are trademarks of NVIDIA Corporation. Neither BUUU nor Brightray has any agreement with NVIDIA Corporation, and references to third-party products imply no affiliation or endorsement.
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Brightray Signs Letter of Intent for Planned 10MW AI Data Center Project in the United States
