Corporate News
ARCHTYPE SIGNS IVAR AGREEMENT WITH ORBCOMM
Archetype Expects To Develop Communications Products That Combine ORBCOMM’s Satellite Services and Cellular Wireless Services
Fort Lee, NJ, November 29, 2007 –ORBCOMM (NASDAQ: ORBC) announced today Archetype has signed an International Value Added Reseller (IVAR) agreement. Archetype intends to begin offering ORBCOMM wireless services to new and existing customers.
ORBCOMM’s COO, Marc Eisenberg said, “With a wide range of applications that address multiple M2M markets, we expect Archetype to be a valuable addition to the ORBCOMM IVAR network.” He continued, “By leveraging ORBCOMM’s unique ability to offer inexpensive global two-way data communications, we expect Archetype to be able to provide a robust, secure international platform.”
Jason Cooner, CEO of Archetype said, “ORBCOMM has established itself as a leader in the M2M space, and we are looking forward to a long and prosperous relationship with them.” He continued, “Our customers demand a complete, cost-effective solution that can be distributed globally. This partnership with ORBCOMM will help us meet these demands.”
Archetype’s “dual mode” products will allow users to access both ORBCOMM and terrestrial cellular networks, selecting the appropriate network depending on the user’s data messaging requirements. The first dual mode products are expected to be commercially available in early 2008.
About ORBCOMM
ORBCOMM is a global satellite data communications company that provides reliable, cost-effective data communications services to customers around the world through its unique low-earth orbit (LEO) satellite network and global ground infrastructure. A diverse customer base, including industry leaders General Electric, Caterpillar Inc., Volvo Group, XATA, Hitachi and Komatsu, uses ORBCOMM services to track, monitor and control mobile and fixed assets, including trucks, containers, marine vessels, locomotives, heavy machinery, pipelines, oil wells, utility meters and storage tanks anywhere in the world. For more information call 1-800-ORBCOMM or visit its website at www.orbcomm.com.
About Archetype
Archetype, Inc. is a leading provider of GSM and satellite-based Web-enabled GPS asset tracking and management solutions with a rapidly growing global presence in the emerging M2M marketplace. Archetype’s Unix-based architecture provides a mission-critical, fully redundant, highly available environment for M2M customers. All complete solutions offer fully secured data links and rapid scalability on a worldwide scale with unsurpassed performance and reliability. Combined with a suite of complementary ASP infrastructure products and a complete hardware platform, Archetype provides fully customized end-to-end solutions for applications in the heavy equipment, oil and gas, agriculture, public sector, and police and military industries. The company was founded in 2002 and is currently doing business across five continents spanning over 150 countries.
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 operations and are based upon management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Our actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the substantial losses we have incurred and expect to continue to incur; demand for and market acceptance of our products and services and the applications developed by our resellers; technological changes; pricing pressures and other competitive factors; the inability of our international resellers to develop markets outside the United States; satellite launch failures, satellite launch and construction delays and cost overruns and in-orbit satellite failures or reduced performance; the failure of our system or reductions in levels of service due to technological malfunctions or deficiencies or other events; our inability to renew or expand our satellite constellation; financial market conditions and the results of financing efforts; political, legal regulatory, governmental, administrative and economic conditions and developments in the United States and other countries and territories in which we operate; changes in our business strategy; and the other risks described in our filings with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts
Media Inquiries:
William Molesworth
Vice President, Marketing, ORBCOMM Inc.
(703) 433-6506
Molesworth.William@orbcomm.com
Jennifer Lattif
The Abernathy MacGregor Group
212-371-5999
jcl@abmac.com