Rochelle Park, NJ, June 18, 2015 –ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced the selection of Chief Financial Officer Robert Costantini as the 2015 CFO of the Year by the New Jersey Technology Council (NJTC). This annual event recognizes the accomplishments of financial executives from the region’s diverse technology and life sciences communities.
“It is a great honor to be recognized among New Jersey’s leading business and technology professionals,” said Robert Costantini, ORBCOMM’s Chief Financial Officer. “I am proud to be part of ORBCOMM’s continued momentum as a leader and innovator in the global M2M industry, and it has been very rewarding to help the company grow from our IPO in 2006 with just 200,000 subscribers to nearly 1.3 million subscribers today. Our rapid growth is a testament to an outstanding leadership team and 425 dedicated employees worldwide striving to achieve even greater success year over year.”
Mr. Costantini joined ORBCOMM in 2006 as Executive Vice President and Chief Financial Officer. Mr. Costantini’s career in finance spans nearly 30 years. He is a Certified Public Accountant, as well as a Certified Management Accountant, Juris Doctor, and a member of the bar in both New York and Connecticut.
Four awards were given by the NJTC, the premier membership trade organization in the region supporting technology companies, at the CFO Awards Breakfast on June 11. The CFO of the Year award is presented to a Chief Financial Officer of a technology firm for outstanding contributions to his/her company’s performance and accomplishments from January 2014 until present.
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 1.2 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, J.B. Hunt, Marten Transport, Swift Transportation, Target, Tropicana, and Tyson Foods. For more information, visit www.orbcomm.com.
About the NJ Tech Council
The New Jersey Tech Council (NJTC) provides business support, networking opportunities, education, advocacy, and recognition of tech and life science companies and their leaders. Founded in 1996, the Council’s member companies work together to support their own enterprises while advancing the state and region’s status as a leading technology hub worldwide.
The Council offers its member companies access to networking and educational programs, financing resources, expertise and more. A private, not-for-profit membership organization, the Council supports tech, innovation, and entrepreneurial ecosystems across the state and region.
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, 2014, 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, 703-433-6516
Director of Corporate Communications
Financial and Trade Media:
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999