Second mission completes OG2 constellation to provide global M2M messaging and AIS services
Rochelle Park, NJ, December 21, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has successfully launched eleven next generation OG2 satellites from Cape Canaveral Air Force Station, Florida at 8:29 pm ET. The eleven OG2 satellites were successfully separated from the Falcon 9 launch vehicle into the proper insertion orbit.
“Today marks a significant milestone for our company. We’d like to thank our vendors and partners for their cooperation in this effort,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “I’d also like to commend the ORBCOMM team for their hard work and dedication in making our second OG2 mission a success. Lastly, I’d like to congratulate SpaceX on making history by landing the Falcon 9’s reusable Stage one booster from a record altitude. It’s an exciting day for all of us in the space industry.”
After an initial health check, the satellites will undergo extensive In-Orbit Testing (IOT) to verify that all subsystems are properly functioning. The satellites are expected to be providing full commercial M2M messaging and Automatic Identification System (AIS) services within the next 60 days.
ORBCOMM’s OG2 satellites are far more advanced than its current OG1 satellites, designed to provide current and future subscribers with significant enhancements, such as faster message delivery, larger message sizes and better coverage at higher latitudes, while significantly increasing network capacity. In addition, the OG2 satellites are equipped with an AIS payload to receive and report transmissions from AIS-equipped vessels for ship tracking and other maritime navigational and safety efforts, increasing asset visibility and the probability of detection for ORBCOMM’s AIS customers.
Please visit our website at http://www.orbcomm.com/og2 for more information and further updates.
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine (M2M) communication solutions and the only commercial satellite network dedicated to M2M. ORBCOMM’s unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry’s most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government.
With nearly 20 years of innovation and expertise in M2M, ORBCOMM has more than 1.3 million subscribers with a diverse customer base including premier 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, KLLM Transport Services, Marten Transport, Swift Transportation, Target, Tropicana, Tyson Foods, Walmart and Werner Enterprises. For more information, visit www.orbcomm.com.
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 for the year ended December 31, 2014, 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.
SOURCE: ORBCOMM Inc.
Director of Corporate Communications
The Abernathy MacGregor Group