Enables complete visibility and delivery of business intelligence
throughout intermodal supply chain
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Nov. 3, 2015--
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that it
has been selected by the China International Marine Container Company’s
(CIMC) Intelligent Technology Division to provide next generation OG2
satellite service and modem technology for their dual-mode
telematics solution being developed as an Original Equipment
Manufacturer (OEM) product designed for dry shipping containers.
Headquartered in Shenzhen, China, CIMC is the world’s leading supplier
of logistics and energy equipment. CIMC builds nearly fifty percent of
the world’s shipping containers with the capacity of more than 2.4
million annual units. Their satellite-based telematics platform can be
installed as a factory option or retrofit for its global customers,
which include some of the world’s largest shipping fleets and container
leasing companies. By leveraging ORBCOMM’s satellite
connectivity and modem
technology, CIMC’s telematics solution will track and monitor its
shipping containers in real time, which will improve the information
flow throughout the intermodal supply chain. By utilizing CIMC’s
solution, its customers will gain greater visibility to their loads and
valuable business intelligence, resulting in improved equipment
utilization, security and operational efficiency.
“Being chosen by a market leader like CIMC is a validation of our
products and services, further solidifying ORBCOMM as the leader in the
intermodal telematics industry,” says Marc Eisenberg, ORBCOMM’s Chief
Executive Officer. “We look forward to working with CIMC to provide our
expertise and support to enable them to deploy a best-in-class connected
container platform.”
“We are pleased to join forces with ORBCOMM to launch a
factory-installed telematics solution for our large customer base
worldwide. CIMC has worked closely with ORBCOMM to integrate their
satellite modem technology into our product,” said Dr. Shouqin Zhou, the
General Manager of CIMC’s Intelligent Technology Division. “By
delivering a ‘smart container’ solution to the intermodal industry, our
customers can seamlessly track and monitor their assets over the sea,
rail and road from their origin to their final destination using
ORBCOMM’s ubiquitous OG2 satellite network.”
CIMC will begin their field trials for their OEM telematics solution in
the first quarter of 2016.
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine
(M2M) communication solutions and 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 1.3 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,
KLLM Transport Services, Marten Transport, Swift Transportation, Target,
Tropicana, Tyson Foods, Walmart and Werner Enterprises. 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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151103006012/en/
Source: ORBCOMM Inc.
Investor Inquiries:
ORBCOMM Inc.
Michelle
Ferris, 703-433-6516
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
Financial
and Trade Media:
The Abernathy MacGregor Group
Chuck
Burgess, 212-371-5999
President
clb@abmac.com