Leader in shipment monitoring focuses on ensuring security,
greater visibility and awareness of cargo while in transit and in
storage with CargoWatch® Secure
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Feb. 29, 2016--
ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced the new
release of CargoWatch®
Secure, a powerful, real-time cargo security and condition
monitoring solution that provides complete shipment lifecycle awareness
and visibility of dry and refrigerated cargo in transit and in storage.
The application is designed to traverse across a variety of
transportation modes and serve multiple parties from origin to
destination.
Using its deep knowledge and expertise in transportation
and logistics, ORBCOMM developed CargoWatch Secure for monitoring
the global supply chain in real-time. The intuitive, easy-to-use
application enables customers, including port/logistics zone operators,
fleet owners, freight forwarders, customs/tax, and other government
agencies, to detect, manage and correct supply chain anomalies in
real-time, resulting in reduced losses and claims.
“With cargo theft at an all-time high and increasing threats to
international security, ORBCOMM’s CargoWatch Secure solution combats
these risks by providing real-time, end-to-end visibility into the
supply chain whether the cargo is en route, being loaded on a container
ship in a port or checking in at a distribution hub,” said Marc
Eisenberg, Chief Executive Officer of ORBCOMM. “By leveraging our robust
cargo security application, customers can reduce revenue losses due to
damaged, stolen or delayed cargo and enable cost savings through
streamlined operations and more efficient asset utilization.”
In addition to combatting security risks, CargoWatch Secure provides
tools to improve operational efficiency, enhance customer service and
ensure compliance with government regulations including the Food and
Drug Administration’s upcoming Food
Safety Modernization Act (FSMA). CargoWatch Secure is able to
transform trip data into billing and insurance records so customers can
quickly manage accounts payable, complete audits and provide value-added
services to customers such as shipment status, current location and
estimated time of arrival. The feature-rich application also combines
trip information, user-defined business rules and sensor data, such as
exception-based alerts for door intrusion, unplanned/timed
stops/deviations, geofences, temperature fluctuations, and tampering,
with advanced reporting capabilities to deliver smart actionable data
and customized reports.
ORBCOMM’s CargoWatch Secure supports ORBCOMM’s industry-leading cargo
security device
portfolio as well as select third-party devices that communicate
with the application via RFID, GSM cellular, satellite, and ZigBee
wireless technologies. In addition, CargoWatch Secure easily interfaces
with partner systems for non-intrusive integration and quick,
cost-effective implementation.
To learn more about ORBCOMM’s CargoWatch Secure solution, please schedule
a meeting with ORBCOMM at the ICHCA International Conference in
Barcelona, Spain, from February 29 – March 2, 2016 or visit our web site
at www.orbcomm.com.
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/20160229005624/en/
Source: ORBCOMM Inc.
For Investors:
ORBCOMM Inc.
Michelle Ferris,
+1-703-433-6516
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
For
Trade Media:
ORBCOMM Inc.
Sue Rutherford,
+1-613-254-5269
VP of Marketing
rutherford.sue@orbcomm.com