ORBCOMM and Kobelco Construction Machinery Deliver Global Telematics
Adds new market leader in heavy equipment industry to customer portfolio
ROCHELLE PARK, N.J. -- March 26, 2013
ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company
specializing in two-way Machine-to-Machine (M2M) communications and solutions,
today announced that it is working with Kobelco Construction Machinery Co.
Ltd. (KCM) on a global telematics application.
KCM, which is Japan’s second largest manufacturer of hydraulic excavators,
will use ORBCOMM’s global satellite communications network to track and
monitor the location, status and performance of their construction equipment.
KCM’s powerful on-board system will enable their customers to gain significant
operating advantages and cost savings through enhanced visibility and better
asset management of their machinery.
“KCM’s agreement with ORBCOMM further demonstrates our market leadership as
the top choice for wireless M2M network service among the largest global
manufacturers in the heavy equipment industry,” said Marc Eisenberg, ORBCOMM’s
Chief Executive Officer. “With the growing importance of cost-effective,
reliable connectivity in powering M2M applications, ORBCOMM will play a
pivotal role in the successful implementation of KCM’s high-performance asset
monitoring solution in key international markets.”
About ORBCOMM Inc.
ORBCOMM is a leading global satellite data communications company specializing
in Machine-to-Machine (M2M) communications and 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^®, GenTrak ^TM, and
CargoWatch^TM brands, the company provides customers with the ability to
proactively monitor, manage and remotely control their refrigerated transport
assets. Additionally, ORBCOMM provides Automated 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, visit www.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
Robert Costantini, 703-433-6305
Chief Financial Officer
The Abernathy MacGregor Group
Jennifer Stroud, 212-371-5999
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