Maximizes asset utilization and ensures cargo integrity and FSMA
compliance for temperature-controlled shipping operations
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Nov. 1, 2017--
ORBCOMM Inc. (Nasdaq:ORBC), a leading global provider of
Machine-to-Machine (M2M) and Internet of Things (IoT) solutions,
announced today that LTI Trucking Services, Inc. (LTI), a nationwide
truckload carrier and full-service logistics company based in St. Louis,
MO, has selected ORBCOMM to provide its industry-leading cold
chain telematics solution to track, monitor and control its fleet of
refrigerated trailers. 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.
LTI will use ORBCOMM’s cold chain telematics solution to provide
comprehensive temperature, fuel management and maintenance data for its
refrigerated trailer fleet transporting perishable food, beverage and
confectionary products. Leveraging ORBCOMM’s solution, LTI will fully
integrate the data with its proprietary back-office platform to optimize
asset utilization and compliance with the FDA’s Food
Safety Modernization Act (FSMA). ORBCOMM’s advanced solution also
integrates closely with McLeod
LoadMaster® transportation management platform. The
Loadmaster® two-way interface enables LTI to capture near
real-time trailer data, including operational condition and GPS
position, through one comprehensive system.
“Our impressive customer portfolio and market leadership in refrigerated
transportation is continuing to expand significantly as leading trucking
companies like LTI are making ORBCOMM’s IoT technology part of their
core strategy to improve fleet and load visibility, maintain temperature
requirements, automate processes and comply with FSMA regulations,” said
Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “ORBCOMM’s premier
cold chain monitoring solution provides LTI with a strong competitive
advantage that helps to ensure successful, efficient operations for
every shipment moving along the supply chain.”
“There is increasing demand from our customers to ensure quick delivery
times, real-time visibility of shipment status and location, and proof
of product integrity,” said Phil Hamel, Chief Financial Officer and
Chief Operating Officer of LTI Trucking Services. “ORBCOMM offers the
most robust solution with the best end-to-end service on the market
today to meet our customers’ needs, and we look forward to seeing the
additional ROI benefits in fuel savings, improved asset utilization and
reduced claims once we deploy their solution across our entire fleet.”
LTI Trucking Services is currently installing the ORBCOMM solution and
expects to complete full fleet deployment in the first quarter of 2018.
About ORBCOMM Inc.
ORBCOMM (Nasdaq: ORBC) is a global leader and innovator in the
industrial Internet of Things, providing solutions that connect
businesses to their assets to deliver increased visibility and
operational efficiency. The company offers a broad set of asset
monitoring and control solutions, including seamless satellite and
cellular connectivity, unique hardware and powerful applications, all
backed by end-to-end customer support, from installation to deployment
to customer care. ORBCOMM has a diverse customer base including premier
OEMs, solutions customers and channel partners spanning transportation,
supply chain, warehousing and inventory, heavy equipment, maritime,
natural resources, and government. 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, 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.
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Source: ORBCOMM Inc.
ORBCOMM Inc.
For Investors:
Michelle
Ferris, +1-703-433-6516
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
For
Trade Media:
Sue Rutherford, +1-613-254-5269
VP of
Marketing
rutherford.sue@orbcomm.com