Agreement provides ORBCOMM access into China to support global
enterprises across a wide variety of industrial IoT markets
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Jul. 11, 2017--
ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of
Machine-to-Machine (M2M) and Internet of Things (IoT) solutions,
announced today that is has signed an agreement with Beijing Marine
Communication Navigation Company (MCN), the premier supplier of Inmarsat
mobile satellite services in China, to provide ORBCOMM’s IsatData
Pro (IDP) service in China. This agreement opens China for global
enterprise customers that utilize ORBCOMM’s robust IDP offerings for
their asset monitoring applications across a wide variety of industrial
markets, such as transportation, heavy equipment, oil & gas and
maritime. ORBCOMM’s IDP service utilizes Inmarsat’s global L-band satellite
network to offer the highest payload and lowest latency of any satellite
M2M service.
“China is an important geographic market for ORBCOMM and our global
customers, and our agreement with MCN is an exciting next step in
broadening the reach of our satellite business and strengthening our
service offering,” said Marc Eisenberg, ORBCOMM’s Chief Executive
Officer. “The combination of MCN’s leading market presence in China and
our powerful IDP service allows us to better meet our customers’ needs
by providing them with the highest and most reliable level of satellite
connectivity and network coverage.”
“Partnering with ORBCOMM to provide IDP service in China is a
significant breakthrough for both of our companies, and we look forward
to expanding the distribution of ORBCOMM’s IDP service to customers
across many vertical markets,” said Song Zhen, MCN’s Vice President. “We
believe ORBCOMM’s IDP service offers a unique advantage, especially for
the transportation, public service and government sectors, by enabling
enterprises to share more data across diverse operations and workflow
automation, while improving the security and efficiency of their
business.”
ORBCOMM’s IDP service offers enhanced reliability and the ability to
deliver more data than other satellite M2M services in the market. This
allows businesses to share more data across diverse operations via
emails, text messages, electronic forms and workflow information. The
IDP series supports a wide range of security and location-based M2M
services, from heavy
equipment telematics, to tracking and in-cab messaging for fleet
management, to transmitting fixed equipment telemetry information
for remote oil
& gas monitoring, to vessel
tracking and buoy
monitoring in maritime applications.
ORBCOMM and MCN will be able to market and distribute ORBCOMM’s IDP
service in China immediately. With the addition of China, ORBCOMM is now
able to offer its M2M products and services in more than 135 countries
and territories around the world.
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.
About Beijing Marine Communication Navigation Company (MCN)
Beijing Marine Communication Navigation Company (MCN) belongs to China
Transport Telecommunication Information Center (CTTIC), which was
founded and authorized by China’s Ministry of Transportation in 1979.
MCN joined Inmarsat on behalf of the Chinese government and is
responsible for Inmarsat business operation and solution management in
China. MCN is a leading innovative enterprise in the domestic satellite
communication service business, providing global all-weather sea, land
and aero applications and solutions in the transportation sector and
many other markets. For more information, visit http://www.bjmcn.com/EN/index.html.
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.
For Investors:
ORBCOMM Inc.
Michelle Ferris
Director
of Corporate Communications
+1 703-433-6516
ferris.michelle@orbcomm.com
or
For
Trade Media:
ORBCOMM Inc.
Sue Rutherford
VP of
Marketing
+1 613-254-5269
rutherford.sue@orbcomm.com