Enhances real-time visibility, load security and asset utilization across Lidl’s supply chain
Rochelle Park, NJ, March 20, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been selected by Lidl UK, one of Europe’s leading food retailers, to provide its temperature monitoring solution across their extensive 3PL transport network of 400-plus refrigerated trucks and trailers.
ORBCOMM is providing Lidl UK with a comprehensive cold chain solution, including state-of-the-art hardware, connectivity, device management and seamless data integration into third-party transport management systems for efficient fleet management. ORBCOMM’s automatic temperature detection systems monitor Lidl UK’s cargo and set variations and tolerances utilizing multiple temperature sensors to ensure the quality and integrity of refrigerated loads from origin to destination. ORBCOMM’s solution also includes intelligent, configurable alarms that report out-of-range conditions, including hardware malfunctions, major temperature variations from set points, rapid fuel loss, arrivals/departures from geofences, and more. In addition, ORBCOMM helps Lidl UK improve load security through external door sensors that fit all types of refrigerated trailers and vehicles and provide alerts via SMS or email on door open or close events.
“ORBCOMM is pleased to support Lidl UK, one of the largest supermarket chains in Europe, in leveraging our advanced cold chain technology to ensure transparency throughout their refrigerated truck and trailer distribution network,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM Inc. “By providing insight, alerts and systems integration, ORBCOMM is helping Lidl UK to gain real-time visibility and control of their refrigerated transport assets, while reducing operational risk, ensuring regulatory compliance and improving customer service.”
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. 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, 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.
Aly Bonilla, VP of Investor Relations
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