Solar-powered solution reduces maintenance costs and offers long
service life in the field
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Mar. 3, 2016--
ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that
Commercial Trailer Leasing, Inc. (CTL), a New Jersey-based lessor of
trailers, has selected ORBCOMM to provide its solar-powered
asset tracking solution for select customers on their dry van
trailers. ORBCOMM’s solution will provide wireless connectivity through
ORBCOMM’s state-of-the-art hardware and a web-based reporting platform
for optimal fleet
management.
CTL is using ORBCOMM’s GT
1100, a ruggedized, easy-to-install device with a low, one-inch
height profile, making it ideal for tracking and monitoring trailers.
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 frequent battery changes. ORBCOMM will also
provide CTL with an advanced web
application with data reporting and analytics capabilities to
increase in-transit visibility and security of its dry van assets. CTL
will take advantage of the application’s Trailer Pool Management
feature, which allows them to insert the daily number of trailers
required to be at a set geofence and reports an alert if the actual
number of trailers is over or under that number. Leveraging ORBCOMM’s
high-performance technology in conjunction with near-real-time data, CTL
can help its customers increase trailer utilization and improve their
tractor-to-trailer ratio.
“We look forward to providing CTL with a cost-effective, long-lasting
fleet management solution that will meet their customers’ requirements
and deliver reliable, high-value service for years to come,” said Marc
Eisenberg, ORBCOMM’s Chief Executive Officer. “Our award-winning
solution gives CTL the visibility they need throughout the supply chain
to optimize, manage and protect their assets and provides measurable
efficiencies and savings that will deliver a powerful return on
investment.”
“As we evaluated what type of trailer tracking solution would be able to
advance our business operations to a higher level of efficiency and
productivity, ORBCOMM’s GT 1100 was a standout among other products in
the marketplace,” said Gregg Gottsegen, President of Commercial Trailer
Leasing, Inc. “With the GT 1100’s solar-powered technology and superior
battery life, we don’t have to worry about performing maintenance for at
least seven years, which has a direct impact on our bottom line.
ORBCOMM’s robust web platform also enables us to seamlessly integrate
with our customers’ back-office systems and utilize actionable data to
increase utilization, enhance security and provide better service.”
CTL has begun installing ORBCOMM’s trailer
tracking solution on their dry van assets and expects to continue
deploying throughout 2016. CTL is also utilizing ORBCOMM for their gensets
as well as their cold
chain monitoring solution, providing a comprehensive asset
management solution for their multi-modal fleet. ORBCOMM is the clear
choice for customers with multiple asset classes.
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/20160303006470/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