Leader in shipment monitoring focuses on ensuring security, greater visibility and awareness of cargo while in transit and in storage with CargoWatch® Secure
Rochelle Park, NJ, February 29, 2016 – ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the new release of CargoWatch® Secure, a powerful, real-time cargo security and condition monitoring solution that provides complete shipment lifecycle awareness and visibility of dry and refrigerated cargo in transit and in storage. The application is designed to traverse across a variety of transportation modes and serve multiple parties from origin to destination.
Using its deep knowledge and expertise in transportation and logistics, ORBCOMM developed CargoWatch Secure for monitoring the global supply chain in real-time. The intuitive, easy-to-use application enables customers, including port/logistics zone operators, fleet owners, freight forwarders, customs/tax, and other government agencies, to detect, manage and correct supply chain anomalies in real-time, resulting in reduced losses and claims.
“With cargo theft at an all-time high and increasing threats to international security, ORBCOMM’s CargoWatch Secure solution combats these risks by providing real-time, end-to-end visibility into the supply chain whether the cargo is en route, being loaded on a container ship in a port or checking in at a distribution hub,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “By leveraging our robust cargo security application, customers can reduce revenue losses due to damaged, stolen or delayed cargo and enable cost savings through streamlined operations and more efficient asset utilization.”
In addition to combatting security risks, CargoWatch Secure provides tools to improve operational efficiency, enhance customer service and ensure compliance with government regulations including the Food and Drug Administration’s upcoming Food Safety Modernization Act (FSMA). CargoWatch Secure is able to transform trip data into billing and insurance records so customers can quickly manage accounts payable, complete audits and provide value-added services to customers such as shipment status, current location and estimated time of arrival. The feature-rich application also combines trip information, user-defined business rules and sensor data, such as exception-based alerts for door intrusion, unplanned/timed stops/deviations, geofences, temperature fluctuations, and tampering, with advanced reporting capabilities to deliver smart actionable data and customized reports.
ORBCOMM’s CargoWatch Secure supports ORBCOMM’s industry-leading cargo security device portfolio as well as select third-party devices that communicate with the application via RFID, GSM cellular, satellite, and ZigBee wireless technologies. In addition, CargoWatch Secure easily interfaces with partner systems for non-intrusive integration and quick, cost-effective implementation.
To learn more about ORBCOMM’s CargoWatch Secure solution, please schedule a meeting with ORBCOMM at the ICHCA International Conference in Barcelona, Spain, from February 29 – March 2, 2016 or visit our web site at www.orbcomm.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 1.3 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.
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.
SOURCE: ORBCOMM Inc.
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