Recognized for its innovative business practices and technology leadership in the IoT industry
ROCHELLE PARK, N.J., October 28, 2015 -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been chosen as one of Connected World magazine’s select 2016 CW 100, an annual ranking that recognizes the best companies of the evolving IoT industry and sets the precedent of what is to come. ORBCOMM placed 23 on this year’s CW 100 list.
“We are proud to be recognized in the prestigious CW 100 listing among the leaders and influencers in the connected devices industry,” says Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “We will continue to drive innovation and technological advancement in the M2M and IoT industries and respond to the shifting demands of our key vertical markets with the most complete set of products, applications, and capabilities that enable enterprises to stay connected to their assets in every corner of the world.”
“Strategy and innovation are the name of the game for ORBCOMM. This company has made incredible progress in the past year or so. If you can name it, it has probably done it. Smart acquisitions, new products, enhanced satellite service, and new customers. We’re impressed,” says Peggy Smedley, Connected World magazine’s Editorial Director.
In selecting the 2016 CW 100, the editors of Connected World magazine ranked each company on its dedication to the advancement of its products and services. The list, which has been compiled annually since 2003, is globally recognized as an accurate snapshot of the market today and a template for future trends. An overview of the 2016 CW 100 is featured in the October/November 2015 issue of Connected World.
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.
About Connected World Magazine
Connected World is the business and technology publication that provides the intelligence industry titans need and the guidance consumers crave. It’s all about M2M and IoT. connectedworld.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 forwardlooking statements or cautionary factors, except as required by law.
SOURCE: ORBCOMM Inc.
Director of Corporate Communications
The Abernathy MacGregor Group