ORBCOMM Launches Diverse Portfolio of M2M Devices Targeted for
Enables wide variety of asset tracking and monitoring solutions that improve
operational efficiency throughout the supply chain
CTIA WIRELESS 2013 Booth 5335, M2M Zone
ROCHELLE PARK, N.J. -- May 20, 2013
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M)
solutions, today announced the availability of four innovative asset tracking
and monitoring devices targeted for the transportation and logistics market.
This comprehensive product portfolio includes the GT 1000, GT 1200, GT 2000,
and RT 6000+, all of which complement the recently announced GT 1100,
ORBCOMM’s first self-powered M2M device for intermodal container and trailer
tracking and monitoring.
The ORBCOMM GT 2000 is a powerful dual-mode cargo security and monitoring
device that enables location tracking and intrusion detection of cargo
containers and other assets through satellite and cellular networks along with
GPS capability. This device has a thin, low-profile enclosure that facilitates
mounting in between the door and the container or trailer locking bars. In
addition, the sensor suite detects door intrusion, motion and temperature.
The RT 6000+ is tailored for the refrigerated transport market. This fourth
generation device has been field tested and proven with over 75,000 units
fielded. The solution is a dual-mode, two-way reefer monitoring and control
device that provides visibility, control and decision rules to transportation
companies worldwide. This industry-leading solution provides comprehensive
temperature, fuel management, maintenance, and logistical applications
services to revolutionize refrigerated transportation operations. By
leveraging the power of the RT 6000+, customers can achieve maximum
compliance, efficiency and return on investment.
The GT 1000 is a low-cost, cellular-enabled electronic bolt seal with GPS
capability, co-developed with Tyden Brooks, the world’s largest seal company.
The self-powered GT 1000 installs in minutes and is designed for theft
prevention and recovery as well as virtual warehouse and in-transit visibility
applications. The bolt and locking cap provide a secure truck or container
lock and reliably detect cut or removal in real-time.
A self-powered device with cellular communications and GPS capability, the GT
1200 is a sophisticated tracking and monitoring solution that provides
valuable insight into the status, movement, loading, and unloading of dry
intermodal containers. By leveraging dynamic telematics capabilities
integrated with intermodal order and event information systems, domestic
container operators can utilize the GT 1200 to vastly improve the performance
of their operations.
These ORBCOMM devices can be paired with powerful web analytics platforms,
which provide near-real-time knowledge and notifications of the assets’ status
and location, empowering fleet owners and leasors with complete command and
control of their global assets.
“ORBCOMM’s robust new suite of leading M2M devices brings an unmatched level
of versatility, functionality and service to the transportation industry,”
said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our devices are
tailored to meet the needs of key market segments throughout the supply chain
– from reefer monitoring and container security to trailer tracking and cargo
asset management. We will continue to develop innovative M2M solutions focused
on helping our customers maximize asset utilization and improve their bottom
ORBCOMM will unveil these new products 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.
More detailed information on ORBCOMM’s new devices is available at
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^®, 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.
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
Chuck Burgess, 212-371-5999
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