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IHS Markit’s new, multi-year contract was the result of a competitive procurement evaluation among providers of space-based AIS data services.
“We are pleased to extend our long-standing partnership with
“With around 90 percent of global trade done by sea, the detailed tracking of vessels provides a clear commercial and security advantage,” said
ORBCOMM’s pioneering satellite data AIS service has provided the most comprehensive and reliable global coverage in the market over the last decade.
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, and other documents, on file with the
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a949eba1-e03a-4c69-b381-50ed9573ac3b
Source: ORBCOMM Inc.