FCC Grants Milestone Extension to ICO

RESTON, Va., Feb. 6, 2007/Satnews Daily/ — ICO Global Communications (Holdings) Limited (NASDAQ:ICOG) announced on Monday that the Federal Communications Commission (FCC) has granted ICO’s request for milestone extensions in connection with the construction and launch of ICO G1, the company’s geostationary satellite for ICO North America.

“We are extremely pleased to receive this milestone extension, and we thank the FCC for their timely consideration of our request,” said Tim Bryan, ICO’s CEO. “We have expended over $310 million so far on our satellite and launch programs alone for ICO G1, and millions more on our terrestrial, device, and radio layer activities.”

He added they are grateful that they can continue their work to bring next-generation satellite services to the nation as soon as possible.

ICO based in Reston, Virginia is developing an advanced hybrid system, combining both satellite and terrestrial communications capabilities, in order to offer wireless voice, data, video, and Internet services on mobile and portable devices.

In November last year, the company requested FCC to extend for a short period the remaining four milestone dates outlined in its authorization for the construction and launch of its satellite.

ICO said in its request the brief extension is needed to accommodate manufacture and delivery issues encountered by subcontractors for its satellite manufacturer, Space Systems/Loral, Inc. ICO requested that the launch of its satellite be extended until November 30, 2007, instead of 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 instead of July 17, 2007.

ICO also asked that two remaining intermediate milestone dates be extended as follows: complete reference performance test to April 30, 2007, instead of January 1, 2007, and complete thermal vacuum test to June 15, 2007, instead of March 1, 2007.

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