Rochelle Park, NJ, May 21, 2015 –ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that John Stolte, ORBCOMM’s Executive Vice President of Technology& Operations, has been elected to the Mobile Satellite Users Association’s (MSUA) 2015 Board of Directors.
Mr. Stolte has more than 20 years of technology management experience in the aerospace and telecommunications industries. Prior to joining ORBCOMM in 2001, Mr. Stolte held a number of positions at Orbital Sciences Corporation, most recently as Program Director, where he was responsible for the design, manufacturing and launch of the ORBCOMM satellite constellation. From 1982 to 1990, Mr. Stolte worked for McDonnell Douglas in a number of positions, including at the Naval Research Laboratory, where he led the successful integration, test and launch of a multi-billion dollar defense satellite. He was also a board member for the Virginia Commercial Space Flight Authority from 2009 to 2012.
The Mobile Satellite Users Association is a non-profit organization dedicated to promoting the interests of the users of Mobile Satellite Services worldwide. It serves the interests of users by fostering communications among and between users, suppliers of equipment and services, operators of satellite systems, and the various entities that may affect the future of the industry. In addition, MSUA reviews, analyzes and reports on, from a user’s perspective, the activities, regulatory decisions and critical events of the Mobile Satellite Services industry. Finally, MSUA provides a means of assembling mobile users’ views on system and service concerns and conveying this information to the appropriate authorities.
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 1.2 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 &S Wholesale, Canadian National Railways, CR England, Hub Group, J.B. Hunt, Marten Transport, Swift Transportation, Target, Tropicana, and Tyson Foods. 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.
Michelle Ferris, 703-433-6516
Director of Corporate Communications
Financial and Trade Media:
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999