- November 11, 2020
The ORBCOMM Platform’s customer-focused enhancements include new, innovative feature sets supporting every commercial transportation asset class, including trucks, refrigerated trailers, dry vans, gensets and chassis, all of which can be viewed and managed through one comprehensive, integrated system. In addition to the incremental asset class features, ORBCOMM has delivered a variety of new analytics reports, third-party and customer integrations, intuitive field support tools, compliance updates supporting changes to Hours of Service regulations, advanced web services as well as expanded telematics and sensor capabilities for enabling “smart” assets. The ORBCOMM Platform’s compelling, new features empower transportation customers to achieve greater operating efficiencies, maximize fleet visibility, improve compliance and gain deeper integration with third-party partners and systems.
“We’re excited about the increasing pace of IoT innovation and technology integration we’ve been able to achieve since launching the consolidated ORBCOMM Platform just 90 days ago,” said Craig Malone, ORBCOMM’s Executive Vice President of Product Development. “Over 100 new and existing fleet customers are now utilizing the ORBCOMM Platform, which continues to grow on a weekly basis. We’re committed to continuing to expand the open platform’s functionality, performance and third-party integrations with new feature sets to deliver a top-notch, seamless customer experience with maximum ROI for transportation fleets.”
The cloud-based, scalable ORBCOMM Platform, which has the unrivaled capacity to support millions of subscribers, was built for the future to address the industry’s evolving requirements for greater processing power, data bandwidth and scalability in a sensor-enabled, 5G IoT ecosystem. The versatile platform supports multiple modes of communication, leveraging ORBCOMM’s extensive experience providing a broad portfolio of satellite, cellular and dual-mode IoT connectivity, which is a strong competitive advantage for the Company. The new platform’s capacity has been expanded exponentially to process more than 100,000 messages per second, which is an increase of over 1,000 times in message throughput over legacy systems. With the ORBCOMM Platform’s increased processing capability, open architecture and enhanced infrastructure, customers can continue to expand their deployments and enable more sophisticated edge-computing solutions.
For more information about the ORBCOMM Platform and how it can provide fleet customers with a single, unified view of all commercial transportation asset types, deep data insights and unparalleled processing power and bandwidth, please visit https://www.orbcomm.com/en/solutions/platform.
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.
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