ORBCOMM INC.
Rochelle Park, NJ, May 28, 2015 -ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has won Connected World magazine's inaugural 2015 Internet of Things (IoT) Innovations Award for both the ORBCOMM GT 1100 and the SkyWave IDP-782 hardware solutions.
ORBCOMM's GT 1100is a ruggedized, easy-to-install device with a low, one-inch height profile, making it ideal for tracking and monitoring trailers, rail cars, chassis and containers. The GT 1100 is sensor-compatible and self-powered with solar recharging technology for low power consumption and long service life, which eliminates the need for battery changes. ORBCOMM's GT 1100 can operate multiple configurations, including a cellular or a dual-mode communications platform, which combines the benefits of satellite and cellular technologies to provide complete global coverage. The GT 1100 solution is integrated with a robust web reporting application that delivers near-real-time alerts on trailer status, location, history, as well as arrival and departure, providing greater visibility and utilization for fleet managers.
The SkyWave IDP-782provides fleet managers with a single, cost-effective device for both cellular and satellite network coverage so they can stay connected to assets, sensors and people. The dual- mode IDP-782 provides both configurable out-of-the-box software for quick deployments and flexible architecture that supports the development of custom applications for more complex solutions. In addition, the SkyWave IDP-782 features an optional 2.5 hour backup battery option to send GPS and other information when no vehicle power is available.
"We are very pleased to be recognized for our commitment and leadership in technological innovation as a dual winner of Connected World's first IoT Innovations Awards," said Marc Eisenberg, ORBCOMM's Chief Executive Officer. "Our winning asset tracking and monitoring products provide our customers with the context and meaning to enable critical decision making and maximize operational efficiency. We are proud to deliver cost-effective, creative solutions that are transforming how businesses operate in the rapidly growing IoT community."
According to Connected World, judging for the IoT Innovations Awards was conducted by an editorial panel representing a cross section of the industry. The winning business and consumer products were selected based on a variety of criteria, including most creative and technologically advanced products, services and platforms. ORBCOMM and the other 2015 IoT Innovations Awardwinnerswill be featured in the June/July issue of Connected World magazine.
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine (M2M)communication solutionsand the only commercial satellite network dedicated to M2M. ORBCOMM's unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry's most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government.
With nearly 20 years of innovation and expertise in M2M, ORBCOMM has more than 1.2 million subscribers with a diverse customer base including premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo Construction Equipment, as well as end-to-end solutions customers such as C&S Wholesale, Canadian National Railways, CR England, Hub Group, J.B. Hunt, Marten Transport, Swift Transportation, Target, Tropicana, and Tyson Foods. For more information, visit
www.orbcomm.com.
About Connected World Magazine
Connected World is the business and technology publication that provides the intelligence industry titans need and the guidance consumers crave. It's all about M2M. connectedworld.com
Forward-Looking StatementsCertain 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, 2014, 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.
Contacts
Investor Inquiries: Financial and Trade Media:
Michelle Ferris Chuck Burgess
Director of Corporate Communications President
ORBCOMM Inc. The Abernathy MacGregor Group
703-433-6516 212-371-5999 ferris.michelle@orbcomm.com clb@abmac.com
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