ICO Files FCC Application to Modify Its Satellite Milestones.RESTON, Va. -- ICO ICO Icon (File Name Extension) ICO In Case Of ICO Information Commissioner's Office (UK) ICO Instituto de Crédito Oficial (Spain: Official Credit Institute) Global Communications (Holdings) Limited ("ICO") (Nasdaq:ICOG ICOG Independent Church of God ) today announced that it filed a request with the U.S. Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. ("FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ") to extend for a short period the remaining four milestone dates outlined in its authorization for the construction and launch of its satellite. The brief extension is needed to accommodate manufacture and delivery issues encountered by subcontractors for its satellite manufacturer, Space Systems/Loral Space Systems/Loral (SS/L), of Palo Alto, California, is the wholly owned manufacturing subsidiary of Loral Space & Communications. It was acquired in 1990 for $715 million by Loral Corp. from Ford Motor Company as the Space Systems Division of Ford Aerospace. , Inc. ICO requested that the launch of its satellite be extended until November 30, 2007 (rather than the current milestone date of July 1, 2007), and that certification that the mobile satellite services system is in operation be extended until December 31, 2007 (rather than July 17, 2007). ICO also asked that two remaining intermediate milestone dates be extended as follows: complete reference performance test (April 30, 2007, instead of January 1, 2007), and complete thermal vacuum test (June 15, 2007, instead of March 1, 2007). ICO is filing an 8-K with the Securities and Exchange Commission ("SEC") attaching the FCC submission as an exhibit, but due to the observance of Veterans Day on Friday, November 10, 2006, the 8-K reporting this event will not be publicly available on the SEC's website (www.sec.gov) until Monday, November 13, 2006. ICO has made a copy of the FCC filing available for public viewing on its website (www.ico.com). In conjunction with this announcement, ICO will host an investor status conference call tomorrow, November 10, 2006, at 10:00 a.m. (EST EST electroshock therapy. EST abbr. electroshock therapy ) to discuss the Company's filing. To access this call, dial 800-967-7141 (domestic) or 719-457-2630 (international). The confirmation code is 4396393. A replay of this conference call will be available for a limited time at 888-203-1112 (domestic) or 719-457-0820 (international). The replay passcode is 4396393. A live webcast of this conference call will also be available for a limited time on the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " page of the Company's Web site (www.ico.com). Please dial in 5 to 10 minutes prior to the scheduled start time. ICO Global Communications (Holdings) Limited (www.ico.com) is a next-generation satellite communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. based in Reston, Virginia. ICO is developing an advanced hybrid system, combining both satellite and terrestrial communications capabilities, in order to offer wireless voice, data, and Internet services with handsets similar in size to existing cellular phones. |
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