Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.97 -34.49 -0.83%
Ticker Volume Price Price Delta
STOXX 50 3,189.86 13.89 0.44%
FTSE 100 6,702.05 27.31 0.41%
DAX 9,579.84 35.65 0.37%
Ticker Volume Price Price Delta
NIKKEI 14,404.99 -141.28 -0.97%
TOPIX 1,164.90 -8.91 -0.76%
HANG SENG 22,540.34 30.70 0.14%

ORBCOMM Launches Award-Winning, Solar-Powered Trailer Tracking Solution to Transportation Industry



  ORBCOMM Launches Award-Winning, Solar-Powered Trailer Tracking Solution to
  Transportation Industry

Optimizes trailer utilization and performance with low total cost of ownership

Business Wire

ROCHELLE PARK, N.J. -- October 22, 2013

ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M)
solutions, today announced the commercial launch of its GT 1100 trailer
tracking solution to the transportation and distribution industry at the
American Trucking Association (ATA) Management Conference & Exhibition from
October 19-22 in Orlando, FL. Recognized as the winner of CTIA’s 2013 E-Tech
Award for Innovation in M2M, the GT 1100 is ORBCOMM’s first self-powered M2M
asset tracking and monitoring solution.

The GT 1100’s compact form factor and low, one-inch high profile make it easy
to install on trailer roof tops, in between the corrugations of intermodal
containers and on virtually any type of unpowered asset. The ruggedized
solution utilizes solar recharging technology for low power consumption,
efficient messaging and long service life in the field. The GT 1100’s
versatile communications platform allows customers to build their messaging
schedules around their business requirements without any message restrictions
or extra costs, providing the flexibility needed for greater trailer
visibility and utilization.

The GT 1100 also includes CargoWatch^®, a robust web application for
comprehensive device management, providing complete visibility for fleet and
operations managers. This state-of-the-art application delivers near-real-time
alerts on trailer status, location, history, as well as arrival and departure
events, significantly improving operational efficiency, decreasing fuel and
maintenance costs and reducing theft.

“ORBCOMM’s GT 1100 solution is designed to make trailer tracking hassle-free,
eliminating frustrating battery changes, reducing maintenance and providing
customers with a reliable solution that costs much less over time,” said Marc
Eisenberg, ORBCOMM’s Chief Executive Officer. “ORBCOMM has developed a suite
of asset tracking solutions tailored for the transportation and distribution
industry that can meet the needs of every niche market – from reefer
monitoring to intermodal container security to dry van asset tracking. Couple
these solutions with ORBCOMM’s global satellite and cellular airtime and
powerful web applications, and we offer our customers a complete telematics
solution.”

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
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
Financial Media:
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
President
clb@abmac.com
or
Trade Media:
Rhodes Communications
Jim Rhodes, 757-451-0602
President
jrhodes@rhodescomm.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement