Validates end-to-end solution strategy and leadership in OEM
telematics
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Jan. 28, 2016--
ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that Terex
Materials Processing, a business segment of Terex Corporation (Terex),
has selected ORBCOMM to deliver a customized end-to-end telematics
solution to track and monitor Powerscreen® and Terex®
Finlay machines. ORBCOMM’s comprehensive dual-mode solution will provide
global satellite
data service combined with cellular
connectivity through ORBCOMM’s wireless partner, AT&T, along with
state-of-the-art hardware and a robust web-based platform for asset
management.
Terex is a diversified global equipment manufacturer for a variety of
industries, including construction, infrastructure, quarrying,
recycling, surface mining, shipping, transportation, refining, utilities
and maintenance. ORBCOMM’s heavy
equipment telematics solution will provide Terex Materials
Processing and their customers with critical asset data such as the
location, engine hours, utilization, fuel levels, and urea levels as
well as monitor engine fault codes or other alerts that are generated
during the machine’s usage. ORBCOMM will also provide a powerful web
portal for data analytics and reporting that has been tailored for
Terex by ORBCOMM’s team of engineers.
“Working with an industry leader like Terex Materials Processing is a
great opportunity for ORBCOMM to showcase our broad range of technical
capabilities and comprehensive product and service offerings we can
provide to the heavy equipment industry,” said Marc Eisenberg, ORBCOMM’s
Chief Executive Officer. “Our relationship with Terex validates our
strategy of delivering complete, end-to-end solutions that help make our
customers’ businesses run even smarter and more effectively and further
solidifies our leadership in the heavy equipment telematics market.”
“ORBCOMM’s telematics solution has been battle tested and proven in the
heavy equipment market for more than a decade, and we are confident that
their advanced technology, full-service platform and knowledge of our
industry best meets our telematics needs,” said Barry McMenamin,
Group Electrical Engineering Manager at Terex Materials Processing. “We
are especially pleased with ORBCOMM’s customized web portal, which will
enable us to easily monitor our fleet of machinery and provide
operational efficiencies and cost savings to our customers right away.”
Terex Materials Processing has officially begun offering the factory
installed deployment of ORBCOMM’s telematics system on its machinery and
expects to standardize the solution across several different models that
ship from its primary factory in Ireland.
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/20160128005703/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