Company’s cargo security and cold chain monitoring solutions honored for excellence in IoT innovation
ROCHELLE PARK, N.J., September 27, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named a winner of two IoT Evolution Asset Tracking Awards for ORBCOMM’s CargoWatch® Secure web application and its Cold Chain Telematics Solution by IoT Evolution magazine and IoT Evolution World, leading print and online voices of the high-growth IoT marketplace.
ORBCOMM’s CargoWatch Secure is a powerful cargo security solution that provides enhanced visibility of assets in-transit and in-storage as well as complete asset lifecycle awareness. CargoWatch Secure supports management via dashboards, KPIs, and the ability to detect and correct supply chain anomalies in real-time. By providing greater visibility and awareness, such as transforming trip data into billing and insurance records, customers can quickly manage accounts payable, complete audits and answer end-user inquiries.
Trusted by the biggest names in the refrigerated transportation industry, ORBCOMM offers the solution of choice for cold chain management. ORBCOMM’s cold chain solution is optimized to work with its state-of-the-art reefer monitoring devices to provide the reports, events and alarms needed to reduce fleet operating costs and ensure regulatory compliance. From small truck fleets to multi-temperature/multi-zone trailers, ORBCOMM protects assets and the cargo they carry by providing complete control of the cold chain environment. In addition, the ORBCOMMmobile app makes it possible for customers to manage refrigerated assets on the go, including tracking the location of assets in real-time, viewing reefer status and maintenance reports, monitoring and controlling reefer temperature, viewing temperature graphs and more, from any mobile device.
“It’s always a great honor when our smart IoT solutions are recognized by the IoT Evolution Asset Tracking Awards for making an impact on technology advancement in the industry and for bringing unique and meaningful advantages to our global customers,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our continued focus is enabling our customers to do business better by integrating our ROI-driven products and services, whether it’s providing them with visibility into the supply chain, cost savings through operational efficiency or premier customer service from installation to deployment and beyond.”
“We have a great ecosystem at the heart of IoT, and the IoT Evolution Asset Tracking Award highlights innovation within asset management,” said Carl Ford, CEO & Community Developer for IoT Evolution. “In selecting the winners, I have been impressed with the ingenuity and real-world application of the award-winning products.”
The winners of the 2016 IoT Evolution Asset Tracking Awards will be published in the third quarter edition of IoT Evolution magazine and on www.IoTevolutionworld.com.
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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