Company’s new heavy equipment telematics solution and multi-network management portal honored for exceptional innovation
Rochelle Park, NJ, August 16, 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 Product of the Year Awards for the ORBCOMM PT 7000 and the ORBCOMMconnect multi-network management portal by IoT Evolution magazine and IoT Evolution World, the leading magazine and Web site covering IoT technologies.
ORBCOMM’s ruggedized PT 7000, which is available as a cellular or dual-mode satellite-cellular device, provides accurate status and position information along with key operational metrics, such as fuel consumption and engine hours, so Original Equipment Manufacturers (OEMs), dealers and end users can proactively manage heavy equipment fleets worldwide. The PT 7000 works with ORBCOMM’s newly enhanced FleetEdge web application, delivering comprehensive dashboards, advanced reports and analytics, custom charts, alerts, self-service administrative functions, and more. The ORBCOMM solution provides valuable equipment position, status and performance reports that enable customers to track asset movement to minimize theft and loss, schedule service alerts to enable preventative maintenance and monitor fuel usage to optimize fuel consumption.
The ORBCOMMconnect portal gives customers comprehensive control over their wireless services and connected devices, while reducing the complexity of managing and integrating multiple connectivity offerings. With ORBCOMMconnect, customers have access to three satellite and seven Tier One cellular networks in a single platform. Through the portal’s robust account management capabilities, both small and large enterprises are able to provision units, enable single or dual-mode connectivity options, set automated thresholds and account-wide alerts to prevent data overages and control subscriber status changes, as well as greatly streamline billing processes. The ORBCOMMconnect portal is also available for both iOS and Android devices as a mobile application to enable subscriber management on the go.
“It’s an honor to be recognized once again for being at the forefront of technology innovation in the IoT industry with two IoT Evolution Product of the Year Awards,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “With one of the largest engineering teams in the industry, we are focused on the continuous development of ORBCOMM products and solutions that reduce costs and time to market and achieve increased scale across our business, while providing our customers with the most complete set of products, applications, professional services and capabilities for a multitude of vertical markets.”
“The solutions selected for the IoT Evolution Product of Year Award reflect the diverse range of innovation driving the M2M market today. It is my honor to congratulate ORBCOMM for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Carl Ford, CEO of Crossfire Media, a co-publisher of IoT Evolution.
The winners of the 2016 IoT Evolution Product of the Year Award will be published in the next issue of IoT Evolution 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 1.5 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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