- October 3, 2018
A China Gateway Earth Station (GES) is planned for construction to serve as a network link between the ORBCOMM satellite system and its worldwide infrastructure. It will enable ORBCOMM to more effectively deliver the advanced services provided by its satellite constellation, making communications more efficient, reliable and globally available for its industrial IoT customers. Additional ORBCOMM GES facilities in China are in the planning stages.
“ORBCOMM is pleased to be able to operate within China, which provides a unique competitive advantage to the Company, and deliver the benefits of our robust satellite service to a much broader customer base,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “The regulatory approval combined with the addition of an ORBCOMM GES in China will significantly improve service levels and coverage in the region as well as provide access to a new high-growth market for deployment of ORBCOMM’s industrial IoT solutions.”
“We have been following ORBCOMM’s continued momentum with great excitement for some time and are pleased to help bring ORBCOMM’s products and services to China,” said Zhang Hai Ming, Managing Director of APNTS. “Leveraging our understanding of the local customer base and China’s wide-ranging push towards a more connected society, we believe there is a significant opportunity to market ORBCOMM’s broad IoT solutions portfolio to the heavy equipment, transportation & logistics and maritime industries, which will enable customers throughout the region to improve the efficiency and performance of their business operations.”
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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