Milestone marks Company’s continued growth and market leadership
Rochelle Park, NJ, November 28, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has surpassed two million subscriber communicators. ORBCOMM’s subscribers are in the industrial IoT market, spanning the transportation & distribution, heavy equipment, maritime, oil and gas and government sectors. ORBCOMM offers the industry’s most comprehensive portfolio of IoT products and services leveraging 11 satellite and Tier One cellular wireless carriers.
“Reaching two million subscribers is a significant milestone for ORBCOMM, demonstrating our continued growth and market penetration in industrial IoT,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our customers are some of the largest and most influential companies in the world, and we are committed to delivering best-in-class IoT solutions and advanced technology to help them stay connected to their assets and manage their business more efficiently.”
About ORBCOMM Inc.
ORBCOMM (Nasdaq: ORBC) is a global leader and innovator in the industrial Internet of Things, providing solutions that connect businesses to their assets to deliver increased visibility and operational efficiency. The company offers a broad set of asset monitoring and control solutions, including seamless satellite and cellular connectivity, unique hardware and powerful applications, all backed by end-to-end customer support, from installation to deployment to customer care. ORBCOMM has a diverse customer base including premier OEMs, solutions customers and channel partners spanning transportation, supply chain, warehousing and inventory, heavy equipment, maritime, natural resources, and government. ORBCOMM provides customers a subscriber component, which consists of satellite subscriber communicators, cellular terrestrial units, or wireless modems incorporating SIMS, used by end-users to transmit and receive messages to and from their assets. For more information, visit www.orbcomm.com and review our Annual Report on Form 10-K, and other documents, on file with the Securities and Exchange Commission.
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, 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.
Michelle Ferris, Director of Corporate Communications
For Trade Media:
Sue Rutherford, VP of Marketing