News

Deloitte Announces 2014 Technology Fast 500™ Rankings

ORBCOMM Named One of the Fastest Growing North American Companies 

San Francisco, CA, November 13, 2014 — Deloitte today released the 2014 Technology Fast 500™, an annual ranking of the fastest growing North American companies in the technology, media, telecommunications, life sciences, and clean technology sectors. Awardees are selected for this honor based on percentage fiscal year revenue growth from 2009 to 2013. For the nineteenth consecutive year, the software sector has been the most visible on this list, with over 230 companies being from this space alone.

ORBCOMM Announces Third Quarter 2014 Results

– Order to Deliver 16,000 Dual-Mode Devices for Large Retail Fleet of Trailers –
– Announces Pending SkyWave Acquisition to Create Largest Space-based M2M Company –
– Total Revenues of $23.1M Increased 17% –

Rochelle Park, NJ, November 10, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the third quarter ended September 30, 2014.

ORBCOMM Announces Pricing of Public Offering of Common Stock

Rochelle Park, NJ, November 7, 2014 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today that it priced its underwritten registered public offering (“Offering”) of 12,857,143 shares of its common stock, par value $0.001 per share, at a price of $5.60 per share. In connection with the Offering, ORBCOMM has granted the underwriters an option to purchase up to 1,928,571 additional shares of its common stock. ORBCOMM is offering all of the shares and will receive all the net proceeds of the Offering. The Offering is expected to close on November 13, 2014, subject to customary closing conditions.

ORBCOMM intends to use the net proceeds from the Offering primarily to fund the acquisition of SkyWave Mobile Communications Inc. (“SkyWave”) announced on November 6, 2014. The Offering is not contingent on consummation of the SkyWave acquisition and ORBCOMM may use the net proceeds from the Offering for future acquisitions and for general corporate purposes.

ORBCOMM Announces Public Offering of Up to $72 Million of Its Shares of Common Stock

Rochelle Park, NJ, November 6, 2014 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today an underwritten registered public offering (the “Offering”), subject to market and other conditions, of its shares of common stock, par value $0.001 per share, up to an aggregate sales price of $72 million. ORBCOMM will receive all of the net proceeds from the Offering.

ORBCOMM intends to use the net proceeds from the Offering primarily to fund the acquisition of SkyWave Mobile Communications Inc. (“SkyWave”) announced today. The Offering is not contingent on consummation of the SkyWave acquisition and ORBCOMM may use the net proceeds from the Offering for future acquisitions and for general corporate purposes.

ORBCOMM to Acquire SkyWave Mobile Communications

Rochelle Park, NJ, November 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has entered into a definitive agreement to acquire SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat (LSE: ISAT.L) global L-band satellite network, for $130 million. Based in Ottawa, Canada, SkyWave has more than 250,000 subscriber units, 400 channel partners, an estimated annualized $60 million in revenues and over $12 million in Adjusted EBITDA.

“We expect the combination of SkyWave and ORBCOMM to deliver significant value for both our shareholders and customers,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “By combining our complementary products, distribution channels and broad geographic footprints – with support from Inmarsat – we are adding significant scale to our business. Our customers will benefit from access to one of the industry’s broadest set of complete solutions, global regulatory authorizations and satellite-based connectivity options. We also expect this added scale to create sustainable long-term shareholder value.”

ORBCOMM Wins 16000-Unit Order from One of the Nation's Largest Retail Fleets

Rochelle Park, NJ, October 28, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that one of the nation’s largest retail fleets has selected ORBCOMM to deliver 16,000 dual-mode tracking and monitoring solutions across its mixed fleet of dry and refrigerated trailers. ORBCOMM expects to ship the majority of the order in the fourth quarter of this year.
ORBCOMM will provide its award-winning, dual-mode GT 1100 solution for the customer’s dry van assets utilizing its new, more advanced OG2 satellites and Verizon’s CDMA cellular network. In addition, the customer will utilize ORBCOMM’s industry-leading, dual-mode RT 6000+ cold chain monitoring solution for its refrigerated assets. ORBCOMM’s powerful dual-mode tracking and monitoring solutions are ideal for meeting the demanding requirements of the customer’s nationwide supply chain operations by ensuring complete asset visibility and continuous network coverage. 

“Signing one of the nation’s largest companies as a customer validates our ability to build and deliver high-performance M2M solutions that help our customers optimize their assets, drive down maintenance costs and increase their return on investment,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “This opportunity marks our largest GT 1100 order to date and sets the stage for future growth in the transportation & distribution industry.”

ORBCOMM Completes Credit Agreement to Access up to $160 Million

Rochelle Park, NJ, October 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has entered into a multi-facility Credit Agreement providing up to $160 million with Macquarie Group (Macquarie). As part of the Credit Agreement, ORBCOMM will have access to a $70 million initial term loan facility, a revolving credit facility for up to $10 million as well as acquisition term loan facilities for up to $80 million for potential growth opportunities.

ORBCOMM Launches Chassis Tracking Solution to Transportation Industry

Rochelle Park, NJ, October 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the launch of its GT 1100 Chassis Tracking Solution (CTS) to the transportation and distribution industry at the American Trucking Association Management Conference & Exhibition from October 4-7 in San Diego, CA.

ORBCOMM’s GT 1100-CTS has been designed and engineered specifically to facilitate chassis management for owners and operators with any size fleet. This complete, integrated solution features ORBCOMM’s award-winning GT 1100 tracking and monitoring device combined with its PS 100 proximity sensor and custom mounting bracket. The GT 1100-CTS provides accurate chassis location and timely load status information, including the ability to determine if the associated container is mounted or unmounted on the chassis as it moves throughout the supply chain. With ORBCOMM’s cost-effective GT 1100-CTS, customers can generate more efficiencies through increased asset utilization, faster turn times, more accurate billing and enhanced lane and yard planning.

ORBCOMM Named Top 100 Technology Innovator by Connected World Magazine

Rochelle Park, NJ, September 23, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has been chosen as one of Connected World magazine’s select 2015 CW 100, an annual ranking of the technology leaders based on their contributions to the connected devices marketplace.

ORBCOMM and TMW Complete Integration with TruckMate

Rochelle Park, NJ, September 22, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, and TMW Systems, Inc. (TMW), a leading provider of enterprise transportation management software, today announced the successful integration of ORBCOMM’s transportation management system (TMS) with the TruckMate® dispatch software application from TMW Systems.