Ryder Selects ORBCOMM for Telematics Solution across Its Mixed Fleet of
Versatile suite of products enables monitoring of dry van, refrigerated and
ROCHELLE PARK, N.J. -- September 12, 2013
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M)
solutions, today announced that Ryder System, Inc. (Ryder) has selected
ORBCOMM to deliver a comprehensive telematics systems solution tailored for
Ryder’s fleet of more than 30,000 dry van, refrigerated and flatbed trailers.
ORBCOMM’s solution will provide connectivity through ORBCOMM’s
state-of-the-art hardware and a robust, web-based analytics platform for fleet
management. Ryder will utilize the ORBCOMM solution in both its lease and
rental trailer fleets in response to customer demand for a best-of-breed
tracking and monitoring solution.
ORBCOMM’s solution will make it easier for Ryder customers to monitor their
assets in real time, maximizing visibility and utilization. In addition, the
technology can provide refrigerated trailer monitoring and control for Ryder’s
cold chain customers to improve quality, mitigate product spoilage and ensure
compliance with new food safety regulations.
For its dry van and flatbed trailers, Ryder is using ORBCOMM’s GT1100, a
ruggedized, easy-to-install device with a low, one-inch height profile and
small form factor, making it ideal for tracking and monitoring trailers and
other types of cargo assets.The GT1100issensor-compatible andself-powered
with solar rechargingtechnology forlowpower consumption and long service
life in the field. The GT1100 also recently won the 2013 CTIA E-Tech Award for
Innovation in M2M. For its refrigerated trailers, Ryder is using ORBCOMM’s
RT6000+, a powerful two-way reefer monitoring and control device that provides
comprehensive temperature, fuel management, maintenance, and logistical
applications services for the command and control of temperature-controlled
ORBCOMM has developed a customized web application for Ryder with advanced
data reporting and analytics capabilities to increase in-transit visibility
and security of its dry van, refrigerated and flatbed assets. Utilizing this
high-performance technology in conjunction with near-real-time asset data,
Ryder can best manage its fleet, increasing asset utilization, productivity
and customer service.
“We are excited to solidify our long-time relationship with Ryder, a leader in
commercial transportation and an innovator in the use of fleet management
technology, through this new vendor agreement,” said Marc Eisenberg, ORBCOMM’s
Chief Executive Officer. “By leveraging ORBCOMM’s full systems solution, Ryder
can utilize our telematics technology, hardware and network service for both
lease and rental fleets to provide customers with maximum efficiency and
return on investment as well as allow them to comply with product reporting
ORBCOMM has already successfully deployed more than 2,000 systems on Ryder’s
trailers, and Ryder will extend ORBCOMM’s industry-leading telematics solution
to their commercial lease and rental customers as a value-added benefit on
their equipment. Both organizations will continue to work together to utilize
this suite of products to provide the best customer experience.
ORBCOMM’s trailer telematics solution complements Ryder’s innovative onboard
telematics system, RydeSmart^®, a full-featured GPS fleet location, tracking
and vehicle performance management system, available on the company’s lease
and rental tractor fleet.
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, I.D. Systems, Inc., Komatsu
Ltd., Cartrack (Pty.) Ltd., and Volvo Construction Equipment, among other
industry leaders. By means of a global network of low-earth orbit (LEO)
satellites and accompanying ground infrastructure as well as our Tier One
cellular partners, 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 is an innovator and leading provider of tracking, monitoring and
control services for the transportation market. Under its ReeferTrak^®,
GenTrak^TM, GlobalTrak^®, and CargoWatch^TM brands, the company provides
customers with the ability to proactively monitor, manage and remotely control
their cold chain and dry 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
Ryder is a FORTUNE 500^® commercial transportation, logistics and supply chain
management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow
Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound
Logistics magazine has recognized Ryder as a top third party logistics
provider and green supply chain partner. Ryder has also been ranked two years
in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings.
In addition, Security Magazine has named Ryder one of the top companies for
security practices in the transportation, logistics, supply chain, and
warehousing sector. Ryder is a proud member of the American Red Cross Annual
Disaster Giving Program, supporting national and local disaster preparedness
and response efforts. For more information, visit www.ryder.com and follow us
on Facebook, YouTube, and Twitter.
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
Jim Rhodes, 757-451-0602
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