Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

ORBCOMM Launches Its First Self-Powered M2M Tracking and Monitoring Device



  ORBCOMM Launches Its First Self-Powered M2M Tracking and Monitoring Device

   Leverages 14 years of M2M industry leadership, expertise and innovation

CTIA WIRELESS 2013

Business Wire

ROCHELLE PARK, N.J. -- May 16, 2013

ORBCOMM Inc. (Nasdaq: ORBC), a global provider of satellite and cellular-based
Machine-to-Machine (M2M) solutions, today announced the availability of the
ORBCOMM GT 1100, a self-powered M2M asset tracking and monitoring device
targeted for a variety of global markets including transportation and
logistics, heavy equipment and oil and gas.

ORBCOMM’s ruggedized, easy-to-install device is designed to fit seamlessly in
between the indented spacing on intermodal containers. Its low, one-inch
height profile and small form factor are also ideal for tracking and
monitoring trailers and other types of cargo assets. The GT
1100 is sensor-compatible and self-powered with solar recharging technology
for low power consumption, which works well for tracking and monitoring other
remote unpowered assets such as construction and mining equipment.

The ORBCOMM GT 1100 can support three modes of communication – cellular,
satellite and dual-mode, which blends cellular and satellite capability. This
device will be offered initially with cellular communications capability.
Customer samples of this device are available now for trial, and the device
will be commercially available in the third quarter of 2013. This fall, the
satellite and dual-mode versions of the GT 1100 will be commercially available
in conjunction with ORBCOMM’s OG2 next generation constellation launch.

“Based on the strong demand in both domestic and global markets for a
flexible, cost-effective and reliable M2M solution, we see a tremendous
opportunity for ORBCOMM to leverage its 14 years of industry expertise,” said
Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “While most solutions limit
asset visibility to one or two views per day, this innovative solution gives
you many daily reports. We are excited to bring ORBCOMM’s high-performance GT
1100 to market.”

The GT 1100 also includes a robust software application, CargoWatch™, for
comprehensive device management. This web-based application delivers
near-real-time, essential alerts on asset status, location, history, and
arrival/departure, providing complete visibility for fleet and operations
managers.

ORBCOMM will unveil the GT 1100 at the CTIA 2013 conference at the Sands Expo
and Convention Center in Las Vegas, NV from May 21-23 at Booth 5335 in the M2M
Zone. This device was recently selected as a finalist in the M2M, Sensors,
RFID and NFC category of CTIA’s Emerging Technology (E-Tech Award)
competition.

About ORBCOMM Inc.

ORBCOMM is a global provider of satellite and cellular-based
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^®, 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 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, visit www.orbcomm.com.

Forward-Looking Statements

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.

Contact:

Investor Inquiries:
ORBCOMM Inc.
Robert Costantini, 703-433-6305
Chief Financial Officer
costantini.robert@orbcomm.com
or
Media Inquiries:
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
President
clb@abmac.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement