ORBCOMM Acquires The SENS Asset Tracking Operation
Expands ORBCOMM’s Offerings with One-Way Satellite Products and Services
Utilizing the Globalstar Network
ROCHELLE PARK, N.J. -- October 1, 2013
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M)
solutions, today announced that it has completed the acquisition of Comtech
Mobile Datacom Corporation’s (Comtech) Sensor Enabled Notification System
(SENS) operation, which includes satellite hardware, network technology and
web platforms. SENS is a market leader in providing one-way satellite products
and services to more than 20,000 subscribers worldwide.
This acquisition supports ORBCOMM’s multi-network operator strategy and
strengthens ORBCOMM’s position as the leading provider of satellite and
cellular communications for the M2M industry. In addition, this opportunity
complements ORBCOMM’s recently acquired GlobalTrak business, which uses
Comtech’s SENS technology for its military container tracking applications in
Pakistan and Afghanistan, its fuel monitoring program in support of the
Defense Logistics Agency as well as other global deployments.
SENS provides secure tracking and messaging products and services to the
government, defense, transportation, logistics, and oil & gas industries, all
of which are key vertical markets for ORBCOMM. The SENS system, which consists
of satellite-based tracking devices, a network hub and an Internet-based
back-office platform, enables customers to retrieve and view critical data
from the field via the Globalstar satellite network.
“The SENS acquisition expands ORBCOMM’s portfolio of services by adding new
offerings to our existing suite of satellite and cellular network services,”
said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “We see this market
segment growing rapidly based on customers that can benefit from the
Globalstar network’s reliable, low-power, low-cost, one-way satellite data
service for short messaging along with its unique advantages in power
ORBCOMM will integrate the SENS operation and continue to support existing
SENS customers, while marketing SENS products and services through ORBCOMM’s
global distribution channels.
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^® 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
About Comtech Mobile Datacom Corporation
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is
engaged in the provision of satellite-based packet data communication systems
and location and messaging services through the use of advanced communication
and network technology. To learn more, please visit www.comtechmobile.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
Jim Rhodes, 757-451-0602
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