Optimizes temperature compliance and asset utilization across
refrigerated trailer fleet
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Dec. 28, 2016--
ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that
Covenant Transportation Group (CTG), one of the top truckload providers
in the United States, has selected ORBCOMM to provide its
industry-leading cold chain telematics solution to track, monitor and
control its fleet of refrigerated trailers at Covenant Transport and
Southern Refrigerated Transport. ORBCOMM will provide cellular
connectivity, state-of-the-art hardware, wireless fuel and door sensors,
along with a web-based reporting platform for optimal fleet management.
Headquartered in Chattanooga, TN, CTG will use ORBCOMM’s cold chain
telematics solution to provide comprehensive temperature, fuel
management and maintenance data for its refrigerated trailer fleet.
Leveraging ORBCOMM’s proven solution, CTG will fully integrate the data
with its proprietary back-office platform to optimize temperature
compliance and asset utilization. ORBCOMM’s advanced solution also
integrates closely with TMW Systems’ TMWSuite® transportation management
platform. The TMWSuite® two-way interface enables CTG to capture near
real-time trailer data, including operational condition and GPS
position, through one comprehensive system.
“We are pleased to have been chosen by CTG to launch their cold chain
telematics initiative, which further demonstrates that ORBCOMM is the
solution provider of choice in the transportation market,” said Marc
Eisenberg, ORBCOMM’s Chief Executive Officer. “ORBCOMM’s cold chain
monitoring solution provides full asset visibility and control to
protect refrigerated cargo and maximize utilization, which will help CTG
enable temperature management and improve the efficiency of their cold
chain operations.”
“Partnering with a technology leader like ORBCOMM ensures that we are
getting a best-in-class telematics solution backed by superior customer
support to manage and control our U.S.-based reefer trailer operations,”
said Doug Schrier, CTG’s Vice President of Continuous Improvement and
Program Management. “By improving asset visibility and enabling full
temperature compliance according to the FDA’s Food Safety Modernization
Act regulations, we can provide our customers with a higher level of
service and peace of mind that their perishable cargo will move along
the chain safely and efficiently.”
CTG will begin installing the ORBCOMM solution immediately and expects
to complete full fleet deployment by the end of 2017.
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 1.69 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.
About Covenant Transportation Group
Covenant Transportation Group, Inc. is the holding company for several
transportation providers that offer premium services for customers
throughout the United States. The consolidated group includes operations
from Covenant Transport and Covenant Transport Solutions of Chattanooga,
Tenn.; Southern Refrigerated Transport of Texarkana, Ark.; and Star
Transportation of Nashville, Tenn. The group operates one of the 15
largest fleets in North America, as measured by revenue. The Company's
Class A common stock is traded on the NASDAQ National Market under the
symbol CVTI.
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, 2015, 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/20161228005300/en/
Source: ORBCOMM Inc.
ORBCOMM Inc.
For Investors:
Michelle
Ferris, +1-703-433-6516
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
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