Adds innovative end-to-end solutions to existing OEM offerings
Rochelle Park, NJ, June 6, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the availability of a complete end-to-end telematics solution for the heavy equipment industry. Leveraging the strategic acquisition of MobileNet, Inc. as well as long-time partnerships with Quake Global, Inc. (Quake) and Tier 1 wireless carriers throughout the world, ORBCOMM is delivering a best-of-breed dual-mode solution for this growing market. This comprehensive offering includes ORBCOMM’s global satellite and cellular connectivity and a robust web-based analytics platform bundled in a single, low-cost monthly subscription along with state-of-the-art hardware tailored for heavy machinery.
Targeted for Original Equipment Manufacturers (OEMs), dealers and fleet owners, ORBCOMM’s advanced solution delivers timely and reliable asset utilization and operational information. Customers can receive powerful data insights such as asset location anywhere in the world, engine hours, RPM activity, and fuel level. In addition, this solution can read and analyze engine CAN bus data for preventive maintenance and offers geofencing capabilities to send alerts for unauthorized use outside of pre-designated work sites. This solution’s web portal also integrates seamlessly with OEM and dealer back-office platforms, enabling customers to gain visibility over their fleet, while increasing asset utilization, productivity and customer service.
Powered by ORBCOMM’s global dual-mode communications service, customers can utilize this cost-effective solution to connect to assets even in the most remote locations. By blending ORBCOMM’s satellite and cellular services for a bundled price, customers can maximize coverage, flexibility and cost while taking advantage of least cost routing. To ensure extended service in the field for long-life assets, this solution is equipped with 3G cellular and ORBCOMM’s next generation OG2 satellite services, which provide complete global coverage and reliable connectivity. ORBCOMM currently has agreements with AT&T, Rogers, T-Mobile, Verizon, and Vodafone to provide 3G and 4G GSM and CDMA wireless services.
Quake’s Q4000 and QPRO dual-mode asset tracking and monitoring devices are tailored for ORBCOMM’s heavy equipment solution. These ruggedized, environmentally sealed devices offer a patented, universal protocol that enables M2M communications across both ORBCOMM’s global satellite and Tier 1 cellular networks. The Q4000 and the QPRO can operate seamlessly with ORBCOMM’s current OG1 satellite network as well as its next generation OG2 satellite constellation. In addition, these devices can be managed through ORBCOMM’s secure, scalable web-based management portal.
“With hundreds of thousands of active OEM devices fielded and more than 14 years of proven success in heavy equipment telematics, we have established ourselves as the undisputed leader in this market,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “ORBCOMM’s new end-to-end telematics solution is ideal for any OEM, dealer and fleet owner. We are proud to be using our expertise and working with our longstanding partner, Quake Global, to help leaders in the heavy equipment industry take advantage of the next generation of telematics and drive their business to an even higher level of efficiency and productivity.”
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence (a division of I.D. Systems, Inc.), Komatsu Ltd., Manitowoc Crane Companies, Inc., and Volvo Construction Equipment among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMM’s low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in our core markets: commercial transportation; heavy equipment; industrial fixed assets; marine; and homeland security. ORBCOMM based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets.
ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak®, GenTrakTM, and CargoWatchTM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. Additionally, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. ORBCOMM is headquartered in Rochelle Park, New Jersey and has its network control center in Dulles, Virginia. For more information, visitwww.orbcomm.com.
Certain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Such forward-looking statements, including those concerning the Company’s expectations, are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from the results, projected, expected or implied by the forward-looking statements, some of which are beyond the Company’s control, that may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, specific consideration should be given to various factors described in Part I, Item 1A. Risk Factors” and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2012, and other documents, on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise any forward-looking statements or cautionary factors, except as required by law.
Chief Financial Officer
The Abernathy MacGregor Group