We report the experimental realization of squeezed quantum states of light, tailored for new applications in quantum communication and metrology. Squeezed states in a broad Fourier frequency band down to 1 Hz have been observed for the first time. Nonclassical properties of light in such a low frequency band are required for high efficiency quantum information storage in electromagnetically induced transparency ( EIT) media. The states observed also cover the frequency band of ultra-high precision laser interferometers for gravitational wave detection and can be used to reach the regime of quantum non-demolition interferometry. Furthermore, they cover the frequencies of motion of heavy macroscopic objects and might therefore support attempts to observe entanglement in our macroscopic world.