Company Recognized for Revenue Growth, Innovation and Thought
Leadership among Nation’s Top Technology Companies
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Nov. 17, 2016--
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that it
ranked 383 on Deloitte’s Technology Fast 500™, a ranking of the 500
fastest growing technology, media, telecommunications, life sciences and
energy tech companies in North America. Technology Fast 500 award
winners are selected based on percentage fiscal year revenue growth from
2012 to 2015. ORBCOMM grew 176% percent during this period.
“It’s a great honor to receive Deloitte’s distinguished award as it
recognizes our leadership position in the IoT industry and validates our
strategy of leveraging continuous in-house technology innovation and the
expansion of our products, capabilities and market reach through
acquisition and partnerships with our fellow industry leaders,” said
Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Being ranked on the
Fast 500 list again this year is evidence of the great team we’ve built
and our commitment to providing the IoT industry’s broadest set of
solutions that help our customers have command and control of their
assets anywhere in the world.”
“This year’s Fast 500 winners showcase that when organizations are open
to diverse perspectives and insights, they are able to create an
environment for their employees and customers to see the possibilities
and ingenious solutions that might lie ahead,” added Jim Atwell,
National Managing Partner of the Emerging Growth Company Practice,
Deloitte & Touche LLP. “Entrepreneurial environments foster change and
innovation within businesses, and we look forward to watching these
companies continue to drive change across all sectors.”
In order to be eligible for Technology Fast 500 recognition, companies
must own proprietary intellectual property or technology that is sold to
customers in products that contribute to a majority of the company's
operating revenues. Companies must have base-year operating revenues of
at least $50,000 USD, and current-year operating revenues of at least $5
million USD. Additionally, companies must be in business for a minimum
of four years and be headquartered within North America. Overall, 2016
Technology Fast 500™ companies achieved revenue growth ranging from 121
percent to 66,661 percent from 2012 to 2015, with median growth of 290
percent.
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.
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/20161117005920/en/
Source: ORBCOMM Inc.
For Investors:
Michelle Ferris, +1.703.433.6516
ORBCOMM
Inc.
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
For
Trade Media:
Sue Rutherford, +1 613.254.5269
ORBCOMM
Inc.
VP of Marketing
rutherford.sue@orbcomm.com