Company recognized for its IoT leadership and the ability to leverage connected technology to improve business processes
Rochelle Park, NJ, June 14, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has received the 2016 Connected World Award.
ORBCOMM was recognized for providing Rehrig Pacific Company (Rehrig Pacific), a global leader in providing logistics optimization solutions, with a single, comprehensive platform for all of its sensor-enabled applications that support its returnable, reusable smart container/pallet solution for the supply chain and waste management industries. ORBCOMM’s robust iApp platform enables Rehrig Pacific to increase product and container/pallet visibility, reduce inventory management overhead, prevent lost or misplaced assets, improve billing accuracy and enhance customer service. By utilizing ORBCOMM’s advanced application enablement platform Rehrig Pacific can more efficiently manage its containers and pallets shipped to value chain customers across North America, while optimizing its in-house manufacturing and warehousing operations.
“It is an honor to be recognized by Connected World for being at the forefront of technology innovation and delivering effective M2M and IoT solutions to meet the business challenges facing our customers, such as our iApp platform for Rehrig Pacific’s smart container/pallet solution,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “By leveraging the power of connected technology, we can help our customers across a wide range of vertical markets to increase operational efficiency, improve service levels and gain a long-term ROI by integrating our solutions–from connectivity and hardware to web applications and device management– into their business.”
“The technology, combined with forward-thinking across a spectrum of industries, shows how well companies can work together to conjure innovative and efficient solutions to problems,” said Peggy Smedley, Editorial Director of Connected World magazine. “In an industry dominated by competition, it’s inspiring to see the results of what true collaboration looks like.”
Connected World magazine judged the submissions for their annual award based on M2M and IoT solutions that had significant quantifiable results in areas such as connectivity, hardware, radio modules, network service, customer service and project management, security applications and infrastructure. ORBCOMM and the other 2016 Connected World Award winners will be featured in the June/July issue of Connected World magazine.
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.
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. 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, 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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