ORBCOMM (Nasdaq: ORBC) is a global leader and innovator in the industrial Internet of Things (IoT), 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.
ORBCOMM at-a-glance:
ORBCOMM is committed to maximizing shareholder value by increasing subscriptions, enhancing our partnerships and further strengthening our position in industrial IoT and M2M.
Investor Overview
COMPREHENSIVE
ORBCOMM offers the most comprehensive suite of Internet of Things (IoT) and Machine-to-Machine (M2M) components—from satellite and cellular connectivity and leading-edge hardware to complete end-to-end-solutions and application enablement.
LEADERS
ORBCOMM is the world’s leading global industrial IoT and M2M provider and operates the only commercial satellite network 100% dedicated to M2M. Since its inception, ORBCOMM has been setting the standard for innovation and richer information in telematics applications.
EXPERIENCED
With 20 years of innovation and expertise in IoT and M2M, ORBCOMM is an established and experienced industry leader in the world of network connectivity, hardware and application solutions. With one of the most diverse and capable engineering teams in the industry, ORBCOMM is able to offer the industry’s broadest and most unique solution offering to our partners and end-users.
RELIABLE
ORBCOMM’s more than 1.7 million subscribers enjoy complete global coverage across multiple satellite (LEO and GEO) networks, robust ground infrastructure and the world’s best Tier 1 cellular networks. Dual-mode satellite-cellular devices offer the best of both worlds in terms of reliability and affordability.
GLOBAL
ORBCOMM is a truly global company, with authorizations in over 120 countries and territories and sales representation in over 20 regions around the world. Our networks, devices and applications are engineered to provide complete global coverage for remote asset management.
PROVEN
ORBCOMM’s award-winning hardware and powerful applications enable reliable tracking, monitoring and control of vital assets, fixed or mobile—no matter how remote. Our products and solutions have a proven track record of increasing efficiency and ROI for our customers in transportation and distribution, heavy equipment, oil and gas, maritime and government. ORBCOMM’s products and solutions have received numerous industry awards for innovation and excellence in design, performance and durability.
TRUSTED
ORBCOMM is trusted by some of the world’s largest companies. Our diverse customer base includes premier heavy equipment OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo Construction Equipment, as well as end-to-end solutions customers such as C&S Wholesale, Canadian National Railways, CR England, Hub Group, J.B. Hunt, Marten Transport, Swift Transportation, Target, Tropicana, and Tyson Foods.
INNOVATORS
ORBCOMM is continuously updating its network to improve global coverage and enhance performance and reliability for our customers around the world. With the launch of 16 new, more capable next generation OG2 satellites and a proven ground infrastructure, ORBCOMM has taken its highly valuable satellite service to the next level.
Our innovative ORBCOMMconnect platform offers a single web interface for seamlessly integrating multiple satellite and cellular networks, applications, data delivery, billing, provisioning and self-service subscriber management.
CUSTOMER-FOCUSED
ORBCOMM is committed to meeting our customers’ needs around the world, 24/7. We provide dependable and timely resolution of all customer inquiries in multiple languages and consistently work to further improve the customer experience. Whether working directly with end-users on product installation or solution deployment, or providing field application engineering support to our global network of system integrators, OEMs and solution providers, ORBCOMM strives to exceed customer expectations every step of the way.
Over the last 20 years, ORBCOMM has successfully established a strong position of leadership, innovation and expertise in the global IoT and M2M industry.
Acquisitions
Acquisitions have played a key role in shaping ORBCOMM’s evolution and what has enabled the company to offer the most comprehensive suite of capabilities in the industrial IoT and M2M industry today. Some key recent milestones in this area include:
Blue Tree Systems
(2017)
The acquisition of Blue Tree adds truck in-cab and refrigerated fleet vehicle solutions to ORBCOMM’s expansive transportation portfolio. Customers now have access to the industry's most comprehensive, integrated offering encompassing nearly all transportation assets—from in-cab to fleet vehicles to refrigerated assets to dry vans—from one source, solidifying ORBCOMM's global leadership position in transportation and industrial IoT. Blue Tree’s market leadership also adds strength and distribution in key geographies such as Europe, the Middle East and Africa.
inthinc
(2017)
With a superior portfolio of telematics solutions, inthinc, Inc. provides a solid entry point for ORBCOMM into the vehicle fleet management market. inthinc’s offering complements and strengthens the company's existing transportation and heavy equipment product portfolio, allowing customers to access a broader set of asset monitoring solutions. ORBCOMM will expand inthinc’s core telematics services to its existing transportation and heavy equipment markets and broaden inthinc’s global footprint through its widespread distribution channels.
Skygistics
(2016)
With the acquisition of Skygistics (PTY) Ltd. and its South African and Australian subsidiaries, ORBCOMM adds distribution for ORBCOMM’s broad range of products in some of the fastest growing IoT markets, including South Africa and 22 other African nations. Based outside of Johannesburg, South Africa, Skygistics provides a broad range of satellite and cellular connectivity options as well as telematics solutions centered around the management of remote and mobile assets to more than 250 telematics and enterprise customers.
WAM Technologies
(2015)
ORBCOMM acquired WAM Technologies LLC (WAM), an affiliate of Mark-It Services, Inc. and leading provider of remote management and control solutions for ocean transport refrigerated containers and intermodal equipment. The acquisition of WAM expands and strengthens ORBCOMM’s industry-leading cold chain monitoring solutions, which include trailers, rail cars, gensets and now sea containers. With the addition of WAM’s installed base, ORBCOMM becomes the clear leader in monitoring cargo shipments.
SkyWave Mobile Communications
(2015)
The acquisition of SkyWave—the largest M2M service provider on the Inmarsat global L-band satellite network—furthers ORBCOMM’s strategy to provide the most complete set of options and capabilities in the M2M industry. With the addition of SkyWave, ORBCOMM now has one of the largest combined engineering teams in the M2M industry as well as new economies of scale, distribution channels and geographies. The addition of SkyWave’s higher bandwidth, low-latency satellite products and services that leverage the IsatDataPro (IDP) technology further expands the breadth of ORBCOMM’s solutions portfolio.
InSync Software
(2015)
The addition of InSync Software—a premier provider of Internet of Things (IoT) enterprise solutions and versatile, turn-key software applications—adds significant application capabilities and allows customers to rapidly deploy M2M and IoT solutions across ORBCOMM’s core markets. By expanding InSync’s uniform software platform beyond RFID, cellular and sensor technologies to include satellite, customers benefit from reduced development costs, time to market and improved ROI.
Euroscan
(2014)
With its acquisition of Euroscan—a leading M2M provider of refrigerated transportation temperature compliance recording systems—ORBCOMM adds its integrated, turnkey systems that are used worldwide to ensure the safe and secure transportation of food and pharmaceuticals by monitoring and assuring temperature compliance throughout the supply chain. Euroscan also adds a significant distribution channel in Europe and other key geographies, while Ameriscan adds scale and an expanded portfolio of cold chain monitoring services that complement ORBCOMM’s North American transportation operations.
SENS Asset Tracking
(2013)
The acquisition of Comtech’s Sensor Enabled Notification System (SENS) operation—a market leader in one-way satellite products and services—supports ORBCOMM’s multi-network operator strategy and strengthens its position as the leading provider of satellite and cellular communications for the M2M industry. The SENS system, which consists of satellite-based tracking devices, a network hub and an Internet-based back-office platform, enables customers in the government, defense, transportation, logistics, and oil and gas industries to retrieve and view critical data from the field via the Globalstar satellite network.
GlobalTrak
(2013)
The GlobalTrak acquisition is a significant step in building the company’s diverse portfolio of end-to-end solutions and enables ORBCOMM to expand its integrated M2M services into new industrial and geographic markets. Combining GlobalTrak’s advanced container and vehicle tracking technology with ORBCOMM’s existing capabilities creates a new suite of product offerings across an expanded global distribution network. GlobalTrak gives ORBCOMM access to military, international, government, and commercial customers as well as expanded geographical reach in growing regions such as the Middle East, Asia and South America.
MobileNet
(2013)
By acquiring MobileNet, ORBCOMM can directly address opportunities within the heavy equipment industry through Original Equipment Manufacturers (OEMs), dealers and fleet owners. Through MobileNet’s flexible, proven telematics platform, ORBCOMM can offer the industry a complete fleet management solution while reducing development costs and time to market. MobileNet’s key customers include Doosan North America, a world-class construction equipment company, and leading rail companies Union Pacific, CSX and BNSF.
PAR LMS
(2012)
The acquisition of PAR Logistics Management Systems (PAR LMS)—a leading provider of advanced solutions for monitoring transport assets and cargo—expands ORBCOMM’s satellite, terrestrial and dual-mode offerings, and advances sales growth in attractive business segments. The addition of PAR LMS furthers ORBCOMM’s growth strategy by enhancing value-added services, improving economies of scale in manufacturing and service delivery and providing an expanded customer base with some of the most advanced products in the telematics industry.
StarTrak Systems
(2011)
The acquisition of StarTrak and its ReeferTrak® and GenTrakTM brands are an important milestone in the continued evolution of ORBCOMM as an innovative, satellite-based M2M communications services company. A leading provider of tracking, monitoring and control services for the refrigerated transport market, StarTrak provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. In addition to relationships with leading refrigerated unit manufacturers such as Carrier and Thermo King, StarTrak’s customers include well-known brands such as Tropicana, Maersk Line, Prime Inc, CR England, FFE Transport, Inc. and Exel Transportation.