Feb 25
The geosynchronous satellite will be used to transmit video, navigation and emergency assistance information to mobile devices in vehicles. The service, called ICO mim (mim = “mobile interactive media”) will be run in trial-mode by the end of this year, and will be offered commercially in early 2009, according to ICO executives.
ICO has spent $450-$500 million in the new program, and just spent $44 million to get the satellite insured. The launch and in-orbit insurance coverage is for up to $344 million during
the launch phase and up to $278 million during the in-orbit phase.
ICO G-1, built by Space Systems/Loral, will be launched by Lockheed Martin on April 14th. The spacecraft will be shipped to the Cape this week.
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