Corporate News
ORBCOMM Nearly Doubles Billable Subscriber Communicators in 2006
FORT LEE, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (Nasdaq: ORBC - News), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that it ended 2006 with about 225,000 billable subscriber communicators on its data communications system, a 99% increase over the Company's subscriber communicator base of 113,000 at the end of 2005. ORBCOMM added approximately 112,000 billable subscriber communicators for the full-year 2006 and approximately 26,000 billable subscriber communicators in the fourth quarter of 2006. The number of fourth-quarter subscriber communicator additions is greater than the range of 19,000 - 25,000 previously forecast by the company.
About ORBCOMM Inc.
ORBCOMM is a leading global satellite data communications company, focused exclusively on Machine-to-Machine (M2M) communications. Its customers include General Electric, Caterpillar Inc., Volvo Group and Komatsu Ltd. among other industry leaders. By means of a global network of 30 low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMM's low-cost and reliable two-way data communications products and services track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. The company's products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has a Network Control Center in Dulles, Virginia. For more information, visit www.orbcomm.com.
Contact:
Investors:
ORBCOMM Inc.
Robert Costantini, 703-433-6305
Chief Financial Officer
Costantini.robert@orbcomm.com
or
Media:
The Abernathy MacGregor Group
Jennifer Lattif, 212-371-5999
jcl@abmac.com