Rochelle Park, NJ, April 16, 2015 –ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has the received the Mobile Satellite Users Association (MSUA) 2015 Innovation Award for SkyWave’s IsatData Pro (IDP) service. The award was presented to ORBCOMM at an awards luncheon at the MSUA-12 Conference on March 17, which was held in conjunction with the Satellite 2015 Conference& Exhibition in Washington, DC.
The SkyWave IDP series of satellite and satellite-cellular terminals offers customers a quick and smart way to connect people and assets anywhere in the world. IDP terminals use Inmarsat’s global L-band satellite network to offer the highest payload and lowest latency of any L-band satellite store-and-forward service. IsatData Pro offers enhanced reliability and the ability to deliver up to 37 times more data than other satellite-based M2M services in the market. This allows businesses to share more data across diverse operations, via emails, text messages, electronic forms and workflow information. The IDP series supports a wide range of security and location-based M2M services, from tracking and in-cab messaging for fleet management, to transmitting fixed equipment telemetry information for remote oil& gas monitoring, to vessel tracking and buoy monitoring in maritime applications.
“We are honored to receive MSUA’s Innovation Award, which not only recognizes our SkyWave subsidiary’s innovative contributions to advancing satellite technology but also our proven success at delivering high-performance products and services that are leading the M2M industry to the next level,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Innovation will continue to be an important focus for ORBCOMM as we develop new M2M technologies. For example, our upcoming L-Band satellite modem, which we are building in partnership with Inmarsat, will make our customers’ business operations run even smarter and more efficiently.”
“A key factor in deciding on our MSUA Innovation Award winners is their success in the market,” said Tim Farrar, President of MSUA. “The ISatData Pro solution led to transformational growth for SkyWave prior to its acquisition by ORBCOMM, and has been instrumental in cementing a long term partnership between ORBCOMM and Inmarsat. As such, IDP is a worthy winner of this award.”
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