Company to highlight expanded offering including the addition of wireless connectivity services, new mobile app and GAMP 5 approval at IAA Commercial Vehicles show in Germany
ROCHELLE PARK, N.J., September 21, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has enhanced its cold chain compliance solution for the European refrigerated transportation market. In addition to industry-leading temperature recorders, sensors and the ColdChainView web application, ORBCOMM’s comprehensive solution now includes connectivity services from some of the largest providers of terrestrial services in Europe as well as a new mobile app. By enabling precise temperature monitoring, fuel management, preventive maintenance and remote control for food, pharmaceuticals and other temperature-controlled cargo, ORBCOMM helps customers improve end-to-end operations and gain total assurance from the product’s origin to destination.
As part of its cold chain compliance solution, ORBCOMM offers the Euroscan X3 temperature recorder as well as the Euroscan MX2 two-way monitoring and control device, which can be used with a wide range of transport assets, including gensets, railcars, ocean containers, straight trucks and trailers. Featuring an integrated printer and easy-to-use interface, the Euroscan X3 delivers printed or electronic temperature records, real-time event-based alerts, advanced reports and analytics on asset performance and utilization, geofences, and more, on demand for temperature-controlled cargo. The Euroscan MX2 tracks the location of refrigerated assets and provides real-time alerts when specific conditions are detected, such as geofence access, intrusion detection, temperature alarms, and more. It also provides a direct interface to cold chain Original Equipment Manufacturer (OEM) microprocessors to facilitate installation and use.
Both of these versatile devices can be integrated with ORBCOMM’s ColdChainView, enabling customers to receive and manage critical asset location, temperature, and status information through the device’s built-in display or directly through the web application to ensure timely corrective measures are taken when needed. With ORBCOMM’s end-to end telematics solution, customers can ensure proof of an uninterrupted cold chain, optimize asset performance and enable more efficient business planning for refrigerated transportation operations throughout Europe.
ColdChainView is also available through the new ORBCOMMmobile app, enabling customers to manage their refrigerated assets on the go from any mobile device. ORBCOMM’s mobile app runs on both iOS and Android devices to facilitate easy access to real-time asset data and key metrics.
As part of its end-to-end solution offering, ORBCOMM is now able to provide terrestrial connectivity services in Europe through partnerships with leading global wireless carriers, T-Mobile and Telefonica. These unique partnerships enable ORBCOMM to offer cost-effective terrestrial services with flexible data plans to meet customers’ specific application requirements.
“From hardware and sensors to a robust web application to wireless connectivity, ORBCOMM’s newly enhanced cold chain compliance solution gives customers in Europe everything they need for real-time management and control of their cold chain transport operations,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “By utilizing our ROI-driven solution, customers can maximize operational efficiency and ensure that products moving along the cold chain meet regulatory compliance and maintain integrity, which significantly reduces claims over cargo loss and damage.”
In addition, ORBCOMM recently received the Good Automated Manufacturing Practice (GAMP® 5) official certification of approval from the European Institute for Pharma Logistics (EIPL) for its cold chain compliance solution for the European market. This approval confirms that select ORBCOMM products offer a reliable, cost-efficient choice for customers that need to gain complete traceability of their operations, report storage conditions, including deviations in temperature settings, and protect the quality and integrity of their refrigerated assets throughout the European supply chain.
For more information about ORBCOMM’s cold chain compliance solution, please visit us at the 66TH IAA Commercial Vehicles trade show in Hall H27, Stand D23 from September 22-29, 2016, at the Fairgrounds of Deutsche Messe in Hannover, Germany.
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 1.6 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, 2015, 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.
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