ORBCOMM Wins M2M Evolution Magazine’s Product of the Year Award

  ORBCOMM Wins M2M Evolution Magazine’s Product of the Year Award

    Recognized for exceptional innovation and superior contribution to M2M
                                   industry

Business Wire

ROCHELLE PARK, N.J. -- June 2, 2014

ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M)
solutions, today announced that its GT 2300 intermodal container tracking and
monitoring solution has won the 2014 Product of the Year Award from M2M
Evolution Magazine. The award honors the most innovative systems and solutions
in M2M technology that deliver information regardless of proximity.

ORBCOMM’s GT 2300 is a self-powered device with cellular communications and
GPS capability that provides valuable insight into the location, status,
movement, loading, and unloading of dry intermodal containers. This unique
device is designed to fit internally within the container corrugations to
avoid damage during cargo loading, unloading and movement. ORBCOMM’s GT 2300
is the first device of its kind to use customizable reporting profiles to
optimize critical data delivery and power management for years of battery
life. By leveraging advanced telematics capabilities integrated with
intermodal order and event information systems, container operators can
utilize this solution to maximize the performance of their operations.

“We are honored that ORBCOMM’s GT 2300 solution has won this important M2M
industry award and that our continued innovation and expertise in developing
breakthrough asset tracking and monitoring technology has been recognized,”
said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “We see a significant
need in the market for a solution with these key attributes enabling optimal
logistics management while maximizing battery efficiency.”

This prestigious award from M2M Evolution Magazine reinforces ORBCOMM’s
position as the leader in intermodal container tracking solutions featuring
GPRS or satellite communication as stated in Berg Insight’s 2013 Container
Tracking and Security Report.

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 Innovation &
Network Control Center in Sterling, 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, 2013, 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
Chief Financial Officer
703-433-6305
costantini.robert@orbcomm.com
or
Financial Media:
The Abernathy MacGregor Group Hardman Group
Chuck Burgess
President
212-371-5999
clb@abmac.com
or
Trade Media:
Chelsey McGrogan
Account Manager
330-285-1817
chelsey@hardmangrp.com
 
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