Ponce Utilizes ORBCOMM's Satellite IoT Technology to Enable Efficient Agricultural Irrigation
ORBCOMM Launches First Commercial LoRa WAN™ On-Board Vessel IoT Solution
ORBCOMM Enhances "The ORBCOMM Platform" With Over 200 Features and Updates in 90 Days
ORBCOMM Launches Next-Generation, Dual-Mode ST 9100 Terminal for Diverse IoT Applications
Rochelle Park, NJ, November 19, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Ponce, an Argentinian IoT company specializing in agricultural efficiency, is helping farmers throughout Latin America gain substantial cost savings and preserve water through its irrigation solutions that utilize ORBCOMM’s satellite IoT technology.
Rochelle Park, NJ, November 17, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has expanded its industry-leading portfolio of on-board vessel IoT systems to include LoRa WAN™ (LoRa) technology. Through a partnership with Net Feasa, a global IoT service provider based in Dingle, Ireland and Sunnyvale, CA, ORBCOMM has deployed the first commercially available solution using LoRa technology to monitor containers on board vessels for a large global shipping line.
Rochelle Park, NJ, November 11, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has enhanced its next-generation ORBCOMM Platform with more than 200 features and updates in the last 90 days to enrich the customer experience and deliver greater data insights and ROI for transportation companies using ORBCOMM’s best-in-class, ELD-compliant in-cab and asset tracking solutions. Launched in July 2020, the ORBCOMM Platform was recently recognized with a 2020 IoT Edge Computing Excellence Award from IoT Evolution World for its innovation and leadership in driving the fast-growing global IoT marketplace.
Rochelle Park, NJ, November 10, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has launched the ST 9100, a next-generation, dual-mode telematics device targeted for monitoring and controlling assets in the most remote geographies around the world. The versatile device can be utilized for a wide variety of IoT applications such as vehicle security, fleet management, vessel monitoring, fisheries management as well as the remote monitoring of equipment in the oil & gas, construction and utilities sectors.
Rochelle Park, NJ, November 4, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its Smart Grid monitoring solution has received a 2020 IoT Innovator Award from Compass Intelligence, a boutique market research and advisory firm providing market intelligence and consulting services to companies around the globe. ORBCOMM was recognized in the “IoT for Good” category, which includes innovative solutions that address global sustainability, energy and utilities conservation, environmental protection, emissions reduction, and other solutions that impact the globe, the planet and precious resources.
Rochelle Park, NJ, November 3, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, and Inmarsat, the world leader in global mobile satellite communications, today have released a video recording of an interview with Marc Eisenberg, Chief Executive Officer of ORBCOMM, and Rupert Pearce, Chief Executive Officer of Inmarsat, to expand upon their enhanced partnership, which was announced in a press release on October 27, 2020. The interview is hosted by satellite industry expert Tim Farrar, President of TMF Associates.
Rochelle Park, NJ, November 3, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Dean Milcos, will be participating in the 11th Annual Craig-Hallum Alpha Select Conference being held virtually on Tuesday, November 17, 2020.
Rochelle Park, NJ, October 28, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2020.
HIGHLIGHTS
– Total Revenue, Adjusted EBITDA, and Earnings Per Share Above Q2 and Consensus –
– Record Cash Flow from Operations of $18.7 Million, Up $8.8 Million Over Prior Year –
– Company Enhances Satellite IoT Strategy with Inmarsat Partnership Extension –
Rochelle Park, NJ, October 27, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, and Inmarsat, the world leader in global mobile satellite communications, today announced that they will extend their agreement through at least 2035 and enhance their strategic partnership. The two companies will collaborate on joint product innovation and distribution of next-generation IoT satellite services, telematics devices and end-to-end solutions that offer the best-in-class combination of high bandwidth data packets with low-cost terminals.
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Rochelle Park, NJ, October 22, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Queen Transportation, LLC (Queen), an asset-based truckload carrier and logistics provider, is yielding significant savings and operational improvements with ORBCOMM’s industry-leading truck telematics solution. ORBCOMM provides wireless connectivity through its hardware and integrated Cloud-based analytics platform and information management engine for optimal fleet management. Today, Queen not only saves money, but also gains further value through automated workflow, optimized fleet management and better driver productivity by leveraging deep data insights from across their operations.
Rochelle Park, NJ, October 21, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that the ORBCOMM Platform has received a 2020 IoT Edge Computing Excellence Award from IoT Evolution World, the leading web site covering the IoT marketplace. Companies selected for this award have proven that their products are enabling advanced IoT deployments by offering edge solutions that bring real-time computing, data availability, analytics, AI and machine learning to edge devices.
Rochelle Park, NJ, October 20, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has launched the ST 2100, a state-of-the-art satellite communications device that enables solution providers to easily add satellite connectivity to their IoT applications and expand to dual-mode connectivity in remote areas with limited cellular coverage. ORBCOMM’s rugged and environmentally sealed ST 2100 is targeted for a number of vertical markets, such as fleet management, maritime and utilities, including fixed and mobile assets.
Rochelle Park, NJ, October 15, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that MarineTraffic, a leading maritime information service, has extended their contract through the end of 2023 for ORBCOMM’s satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts.
Rochelle Park, NJ, October 8, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review third quarter 2020 results on Wednesday, October 28, 2020, at 8:30 AM ET. A press release with ORBCOMM’s financial results will be released in advance of the conference call that same day.
Rochelle Park, NJ, October 7, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Africa Wildlife Tracking (AWT), the leader in tracking wildlife, is leveraging ORBCOMM’s advanced satellite IoT technology to track and monitor animals of all sizes to support their conservation efforts. With the added threat of the COVID-19 pandemic and the need to supply local populations with food, poaching is likely to increase, making ORBCOMM’s IoT solutions more important than ever in helping AWT protect endangered wildlife.
Rochelle Park, NJ, October 1, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by Armellini Express, the largest transporter of fresh cut flowers in the United States and a provider of truckload services for temperature-controlled shipments, to provide its in-cab solution for their fleet of trucks. ORBCOMM’s advanced solution provides wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform and information management engine for optimal fleet management.
Rochelle Park, NJ, September 15, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Rick Ochsendorf has joined its executive leadership team as Senior Vice President of Customer Operations for its North America transportation business. In this role, Ochsendorf will lead ORBCOMM’s team responsible for enhancing customer relationships as well as the implementation and execution of all IoT products and services provided to North America transportation customers.
Rochelle Park, NJ, August 24, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its next generation, solar-powered GT 1200 series of trailer tracking devices has received a 2020 IoT Evolution Product of the Year Award from IoT Evolution World, the leading web site covering IoT technologies.
Rochelle Park, NJ, July 30, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2020.
HIGHLIGHTS
– Cash Flow from Operations up $11 Million Over Prior Year –
– Total Revenue, Adjusted EBITDA and Earnings per Share Exceed Analyst Expectations –
– Company Nears Completion of Integration Plan and Pivots Focus to Long-Term Growth –
Rochelle Park, NJ, July 29, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced the introduction of its next generation analytics and reporting platform, which offers enhanced features, including advanced data insights and a dynamic user interface, to provide customers with a single, unified view of all their transportation asset types using a single sign-on. The new, cloud-based 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 5G IoT ecosystem.
Rochelle Park, NJ, July 28, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has expanded its long-standing agreement with Terex Corporation (Terex), and extended the service term of ORBCOMM’s factory installed telematics solution to its customers. As part of the agreement, ORBCOMM and Terex will also collaborate on continued technology innovation for ORBCOMM’s industry-leading heavy equipment IoT device and cloud-based data reporting and analytics platform.
Rochelle Park, NJ, July 9, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review second quarter 2020 results on Thursday, July 30, 2020, at 8:30 AM ET. A press release with ORBCOMM’s financial results will be released in advance of the conference call that same day.
Rochelle Park, NJ, July 8, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, has extended their contract for ORBCOMM’s satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts.
Rochelle Park, NJ, May 19, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Dean Milcos, will be participating in the 17th Annual Craig-Hallum Institutional Investor Conference being held virtually (via conference call) on Wednesday, May 27, 2020.
Rochelle Park, NJ, May 12, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Financial Officer, Dean Milcos, will be participating in the 15th Annual Needham Virtual Technology and Media Conference. Management is scheduled to present on Tuesday, May 19th at 4:00 PM Eastern Time.
Rochelle Park, NJ, April 30, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2020.
HIGHLIGHTS
– Total Revenues of $66.2 Million, In Line with Guidance –
– Service and Product Gross Margins Increase Over Last Year –
– Cash Flow from Operations of $8.2 Million –
Rochelle Park, NJ, April 20, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review first quarter 2020 results on Thursday, April 30, 2020, at 8:30 AM ET. A press release with ORBCOMM’s financial results will be released in advance of the conference call that same day.
Rochelle Park, NJ, April 7, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced a venue change of its 2020 Annual Meeting of Shareholders. Due to the emerging public health impact of the coronavirus outbreak (COVID-19), and to support the health and well-being of the Company’s shareholders, employees, directors and our community, the Company has changed the format of its 2020 Annual Meeting of Shareholders from a physical in-person meeting to a virtual only meeting. Shareholders and investors will not be able to attend the Annual Meeting in person.
Rochelle Park, NJ, March 12, 2020 - In light of the growing concerns related to the Coronavirus (COVID-19), ORBCOMM is continuing to monitor the status of the outbreak from the U.S. Center for Disease Control and the World Health Organization. Our leadership team has implemented a number of contingency policies, plans and infrastructure improvements to minimize the risk and disruption to our global business operations as well as to our valued customers. Our highest priority is the health and safety of every member of the ORBCOMM community, including our employees, customers, partners and vendors, while maintaining the resiliency of our business.
Rochelle Park, NJ, March 2, 2020 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it will be showcasing its latest innovations in smart truck and trailer telematics in Booth 31 at Truckload 2020, the annual convention of the Truckload Carriers Association. ORBCOMM’s significant enhancements are focused on meeting the industry’s evolving demands on truckload carriers to ensure Electronic Logging Device (ELD) compliance, improve driver safety and productivity as well as maximize cargo visibility into load status and integrity.
Rochelle Park, NJ, February 26, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2019.
HIGHLIGHTS
– Q4 2019 Total Revenues of $69.7 Million, Up 5% Over Prior Year –
– Q4 2019 Recurring Service Revenues of $40.1 Million, Up 7.3% Versus Last Year –
– 2019 Cash Flow from Operations Increases $18.6 Million Over Prior Year –
Rochelle Park, NJ, February 18, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Dean Milcos, will be participating in the Raymond James 41st Annual Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. Management is scheduled to present on Monday, March 2nd at 7:30 AM Eastern Time.
Rochelle Park, NJ, February 5, 2020 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review fourth quarter and full year 2019 results on Wednesday, February 26, 2020, at 8:30 AM ET. A press release with ORBCOMM’s financial results will be released in advance of the conference call that same day.
Rochelle Park, NJ, December 30, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced the availability of a new in-cab fleet management solution that leverages powerful mobile technology from Samsung Electronics America (Samsung). The solution combines ORBCOMM’s Electronic Logging Device (ELD) and reporting and analytics from its FleetManager platform with Samsung tablets, enabling fleets to build a scalable productivity hub and connected driver ecosystem that can help retain drivers, boost customer satisfaction through better service and reduce costs with improved asset and resource utilization.
Rochelle Park, NJ, November 20, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Financial Officer, Dean Milcos, will be participating in the Credit Suisse 23rd Annual Technology Conference at the Phoenician Hotel in Scottsdale, Arizona. Mr. Milcos will be presenting on Wednesday, December 4 at 4:05 PM Mountain Standard Time.
Rochelle Park, NJ, November 5, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the latest release of its ReeferConnect and VesselConnect platforms, which have been extended to manage the intermodal industry’s new, energy-efficient Controlled Atmosphere containers. ORBCOMM is introducing this new application feature set at Intermodal Europe, the world-leading exhibition and conference spanning all areas of container transport and logistics across road, rail and sea, in Hamburg, Germany from November 5-7, 2019.
Rochelle Park, NJ, October 30, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2019.
HIGHLIGHTS
– GAAP Product Gross Margin Increases 690 Basis Points Over Prior Year –
– GAAP Service Gross Margin 58.6%, Non-GAAP Service Gross Margin Record 69% –
– Cash Flow from Operations of $10 Million –
Rochelle Park, NJ, October 24, 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 Vishipel, a leading provider of telecommunications services and maritime equipment, to provide its Vessel Monitoring System (VMS) for commercial fishing vessels throughout Vietnam. ORBCOMM’s VMS delivers complete visibility and control of fishing vessels and maintains vital communications links with home ports utilizing ORBCOMM’s satellite service offering.
Rochelle Park, NJ, October 24, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Electronic Logging Device (ELD) is now available in Spanish and French-Canadian versions, expanding its market reach to fleet customers in new geographic regions. ORBCOMM’s ELD provides complete visibility, monitoring and management of drivers, vehicles and displays, helping fleets improve safety records, increase productivity, reduce operating costs, drive up fuel efficiency and help retain drivers.
Rochelle Park, NJ, October 22, 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 Autobus Oberbayern GmbH, one of the largest bus and coach operators in Germany, to equip its entire coach fleet with ORBCOMM’s fleet management.
Rochelle Park, NJ, October 16, 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 Queen Transportation, LLC, an asset-based truckload carrier and logistics provider headquartered in Hickory, NC, to provide its in-cab solution across their entire fleet of trucks. ORBCOMM’s advanced solution provides wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform and information management engine for optimal fleet management.
Rochelle Park, NJ, October 15, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review third quarter results on Wednesday, October 30, 2019, at 8:30 AM ET. ORBCOMM’s financial results for the third quarter 2019 will be released in advance of the conference call that same day.
Rochelle Park, NJ, October 4, 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 Pottle’s Transportation, LLC (Pottle’s), a nationally recognized carrier based in Bangor, ME, to provide its latest trailer monitoring solution for their dry van fleet. ORBCOMM’s end-to-end telematics solution provides wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform for efficient fleet management.
Rochelle Park, NJ, September 5, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Global Fishing Watch has extended their contract for another three years for ORBCOMM’s satellite Automatic Identification System (AIS) data. Global Fishing Watch is an independent, international non-profit organization originally set up through collaboration by Oceana, Google and SkyTruth to advance ocean sustainability through greater transparency in global fishing activity.
Rochelle Park, NJ, September 4, 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 Alan Ritchey, Inc. (ARI), a leading provider of transportation solutions based in Valley View, TX, to provide its in-cab solution for their trucks and its trailer monitoring solution for their dry van fleet, which transports mail for the U.S. Postal Service. ORBCOMM’s end-to-end solutions provide wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform for optimal fleet management.
Rochelle Park, NJ, August 26, 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 Texas Freight Services (Texas Freight), a dry van truckload carrier based in Houston, TX, to provide its in-cab solution across their entire fleet of trucks. ORBCOMM’s advanced solution provides wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform and information management engine for optimal fleet management.
Rochelle Park, NJ, August 5, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Board of Directors has authorized a stock repurchase program, under which ORBCOMM may repurchase up to $25 million of its outstanding common stock. The stock repurchase program has a duration of one year. Repurchases under the stock repurchase program will be funded from ORBCOMM’s existing cash and cash equivalents.
Rochelle Park, NJ, July 31, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2019.
HIGHLIGHTS
– Year-Over-Year Improvement in Net Loss of 11%; Adjusted EBITDA Growth of Nearly 9% –
– Q2 2019 Cash Flow from Operations up $13 Million Versus Prior Year –
– Product Gross Margin Significantly Increases Over Prior Year –
Rochelle Park, NJ, July 24, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, will be participating in the Canaccord Genuity 39th Annual Growth Conference at the InterContinental Boston Hotel in Boston, Massachusetts. Mr. Eisenberg will be presenting on Wednesday, August 7 at 10:30 AM Eastern Time.
Rochelle Park, NJ, July 17, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review second quarter results on Wednesday, July 31, 2019, at 8:30 AM ET. ORBCOMM’s financial results for the second quarter 2019 will be released in advance of the conference call that same day.
Rochelle Park, NJ, July 9, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Pro-400 fleet management solution has been independently verified by FPInnovations (PIT Group) to be fully compliant with the Electronic Logging Device (ELD) Mandate issued by the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA). PIT Group is a leading provider of technology testing and validation services for the transportation industry.
ROCHELLE PARK, N.J, June 24, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its intermodal container telematics solution, the CT 3000, has been recognized by the 17th Annual American Business Awards (ABA) with a 2019 Gold Stevie® Award in the New Transportation Products category. The winners were announced on June 11 at a gala banquet at the Marriott Marquis Hotel in New York City, NY. ORBCOMM’s CT 3000 also recently earned the 2019 IoT Innovations Award from Connected World magazine as well as the 2019 Industrial IoT Product of the Year Award from IoT Evolution World magazine.
BOCA RATON, FLA, June 12, 2019 - The Business Development Board of Palm Beach County (BDB), in cooperation with City of Boca Raton, Palm Beach County, and the State of Florida, assisted the expansion of ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, connecting businesses to their remote and mobile assets to deliver increased visibility and operational efficiency. The company will create 32 new jobs with average salaries of $76,647 at its new 11,500 sq. ft. office in Boca Raton. The expansion will have a capital investment of $580,000 into the local economy. The office is expected to open in late summer 2019.
Rochelle Park, NJ, May 1, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2019.
HIGHLIGHTS
– Increased Margins for both Services and Products Over Prior Year –
– Year-Over-Year Improvement in Net Loss of 45% and Adjusted EBITDA Growth of 49% –
– Q1 2019 Cash Flow from Operations up $10 Million Versus Prior Year –
Rochelle Park, NJ, April 30, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that the Australian Maritime Safety Authority (AMSA) has extended their contract for another year through ORBCOMM’s partner Kordia. ORBCOMM and Kordia, a leading provider of mission-critical technology solutions in Australia and New Zealand, will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts to AMSA for designated regions and specific maritime projects.
Rochelle Park, NJ, April 17, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review first quarter results on Wednesday, May 1, 2019, at 8:30 AM ET. ORBCOMM’s financial results for the first quarter 2019 will be released in advance of the conference call that same day.
Rochelle Park, NJ, April 8, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it will launch its enhanced web platform and latest telematics devices targeted for the heavy equipment industry at Bauma, the world’s largest trade show for construction machinery, in Munich, Germany, this week. ORBCOMM’s new solutions enable faster, more reliable monitoring of mining and construction equipment in remote locations, management of mixed fleets on a single data platform and advanced analytics and diagnostics to improve maintenance practices, utilization and operational efficiencies. In recognition of its leadership in heavy equipment telematics, ORBCOMM was recently honored by Frost & Sullivan with the 2018 North American Company of the Year Award.
Rochelle Park, NJ, March 27, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that the Government of Canada has exercised the option for another year on their contract through ORBCOMM’s Canadian partner Maerospace, a global supplier of AIS data and maritime domain awareness solutions.
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.
Rochelle Park, NJ, March 11, 2019 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has launched its next generation solar-powered GT 1200 series of devices as part of a comprehensive telematics solution that includes multiple sensor options, user-friendly applications and reliable cellular and optional satellite connectivity for hassle-free trailer and container tracking.
Rochelle Park, NJ, February 27, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2018.
HIGHLIGHTS
– Q4 2018 Total Revenues of $66.3 Million; $276 Million Full Year, Up 8.6% –
– Q4 2018 Recurring Service Revenues of $37.4 Million; $148 Million Full Year, Up 17.2% –
– 2018 Year-Over-Year Improvement in Net Loss of 57% and Adjusted EBITDA Growth of 27% –
– Added 348,000 Net Subscribers in 2018, Up 17.2% Over 2017 –
– Company Provides 2019 Outlook –
Rochelle Park, NJ, February 21, 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 Rehrig Pacific Company (Rehrig), a leading provider of supply chain solutions, to provide its analytics services to power Rehrig’s Vision™ software suite and enhance the platform’s performance, usability and reaction time. Rehrig’s Vision is designed to provide its customers with actionable business intelligence to maximize their return on investment in fleet and container assets across all lines of Rehrig’s business, including the supply chain, waste management, environmental and retail markets.
Rochelle Park, NJ, February 13, 2019 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its fourth quarter and full year ended December 31, 2018, on Wednesday, February 27, 2019, at 4:30 PM ET. ORBCOMM’s financial results for the fourth quarter and full year 2018 will be released the same day after market close.
Rochelle Park, NJ, November 6, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has launched its next-generation solution for remote monitoring and control of refrigerated containers travelling by land, rail or sea for uninterrupted visibility of operations, improved efficiency and reduced costs. ORBCOMM’s CT 3000 series provides wireless connectivity through its ruggedized hardware and a Cloud-based analytics platform and information management engine for optimal asset management and utilization.
Rochelle Park, NJ, October 30, 2018 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2018.
HIGHLIGHTS
– Total Revenues of $71.0 Million, Service Revenues Up 10% vs Prior Year –
– Achieved Record Adjusted EBITDA of Over $17 Million –
– Added 85,000 Net Subscribers –
– Delivering Nearly 24,000 Devices with Partner Savi to U.S. Government Customer –
Rochelle Park, NJ and Alexandria, VA, October 30, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, and Savi®, an innovator in big data/machine learning analytic solutions, supply chain management software and sensor technology, today announced that the U.S. Department of Defense (DoD) has placed a significant multi-million dollar order with Savi for ORBCOMM telematics products and Savi services, which will enable the DoD to track and monitor nearly 24,000 high-value military assets.
Rochelle Park, NJ, October 29, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has partnered with Drivewyze®, Inc., the leader in mobility-based weigh station bypass solutions, to integrate its PreClear Weigh Station Bypass solution with ORBCOMM’s in-cab telematics platform. By leveraging Drivewyze’s service, ORBCOMM’s fleet customers can bypass fixed weigh stations and mobile inspection sites up to 98 percent of the time, depending on their safety score.
Rochelle Park, NJ, October 25, 2018 - 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 Chief Express LLC, a truckload carrier based in Seagrove, NC, to provide its in-cab solution for their trucks and its trailer monitoring solution for their dry van fleet. ORBCOMM’s end-to-end solutions provide wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform and information management engine for optimal fleet management.
Rochelle Park, NJ, October 18, 2018 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review third quarter 2018 results ended September 30, 2018, on Tuesday, October 30, 2018, at 4:30 PM ET. ORBCOMM’s financial results for the third quarter 2018 will be released the same day after market close.
Rochelle Park, NJ, October 4, 2018 - 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 Associated Wholesale Grocers (AWG) to provide a fleet-wide trailer monitoring solution for its dry and refrigerated assets. ORBCOMM’s end-to-end solution provides wireless connectivity through its ruggedized hardware and a Cloud-based analytics platform and information management engine for optimal fleet management.
Rochelle Park, NJ, October 3, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the availability of ORBCOMM satellite services and solutions in China, targeted for the heavy equipment, transportation & logistics and maritime industries. One of the premier Chinese telecommunications operators recently received the authorization for the use of ORBCOMM’s satellite constellation. ORBCOMM’s local service partner for China, Asia Pacific Navigation Telecommunications Satellite (APNTS), based in Shenzhen and Hong Kong, will participate in providing service, support and distribution.
Rochelle Park, NJ, September 21, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Board of Directors has elected Denise Gibson as a Class III Director, effective October 1, 2018, to serve until the Company’s 2021 Annual Meeting of Shareholders. ORBCOMM has also appointed Ms. Gibson to its Audit Committee and Compensation Committee. ORBCOMM’s Board of Directors now includes nine members.
Rochelle Park, NJ, August 21, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the addition of Michael (Mike) W. Ford as Executive Vice President and Chief Financial Officer, effective September 4, 2018. Mr. Ford will oversee the Company’s financial operations, including financial planning and analysis, reporting, accounting, tax and treasury functions, as well as focus on operations management.
Rochelle Park, NJ, August 8, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has released a new Cloud-based analytics service that leverages ORBCOMM’s extensive telematics expertise and industry-leading portfolio of IoT solutions to provide greater insights into the operations of its customers’ enterprises. With ORBCOMM’s new analytics offering, its global customers can extract valuable, real-time information from their asset-based data to determine patterns and predict future outcomes and trends, significantly improving operational efficiency and driving better business results.
Rochelle Park, NJ, August 1, 2018 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2018.
HIGHLIGHTS
– Total Revenues of $70.8 Million, Increase of 24% Compared to Prior Year –
– Adjusted EBITDA of $13 Million, Up 29% Sequentially and Up 8% Over Q2 2017 –
– Company Continues Strong Momentum Adding Over 93,000 Net Subscribers in Q2 –
Rochelle Park, NJ, July 19, 2018 - ORBCOMM Inc. (NASDAQ:ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review second quarter 2018 results ended June 30, 2018, on Wednesday, August 1, 2018, at 4:30 PM ET. ORBCOMM’s financial results for the second quarter 2018 will be released the same day after market close.
Rochelle Park, NJ, June 20, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Board of Directors has elected Karen Gould as a Class I Director, effective June 15, 2018, to serve until the Company’s 2019 Annual Meeting of Shareholders. ORBCOMM’s Board of Directors now includes eight members.
Rochelle Park, NJ, May 3, 2018 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2018.
HIGHLIGHTS
– Total Revenues of $68.0 Million, Up 31% Compared to Last Year –
– Margins Trending Higher for both Services and Products Over Q4 2017 –
– Over 100,000 Net Subscriber Communicators Additions in Q1 2018 –
Rochelle Park, NJ, May 2, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, will be participating in the Jefferies 2018 Global Technology Conference at the Montage Hotel in Beverly Hills, California. Mr. Eisenberg will be presenting on Wednesday, May 9 at 10:30 AM Pacific Time.
Rochelle Park, NJ, May 2, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced that Aly Bonilla has joined the company as Vice President of Investor Relations. Effective immediately, Mr. Bonilla will report to Marc Eisenberg, Chief Executive Officer, and serve as the primary liaison between ORBCOMM, its shareholders and the investment community.
Rochelle Park, NJ, April 26, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its first quarter ended March 31, 2018, on Thursday, May 3, 2018, at 8:30 AM ET. ORBCOMM’s financial results for the first quarter 2018 will be released on Thursday, May 3, 2018.
Rochelle Park, NJ, April 25, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced that the Government of Canada has exercised the option for another year on their contract through ORBCOMM’s Canadian partner Maerospace, a global supplier of advanced data analytics and maritime domain awareness solutions.
Rochelle Park, NJ, March 27, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced that it has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain standards, education and solutions for the freight industry founded in August 2017.
Rochelle Park, NJ, March 26, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced that it will showcase its complete, integrated transportation solution offering in Booth 33 at the Truckload Carriers Association’s (TCA) 80th Annual Convention from March 25-28, 2018 at the Gaylord Palms Resort & Convention Center in Kissimmee, FL. Through both ongoing innovation and last year’s acquisitions of inthinc and Blue Tree, ORBCOMM is now able to track, monitor and control nearly all transport asset classes – from in-cab fleet vehicles to refrigerated assets to dry vans – all visible in a single platform.
Rochelle Park, NJ, March 6, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, will be participating in the 30th Annual Roth Conference at the Ritz-Carlton, Laguna Niguel in Orange County, California. Mr. Eisenberg will be presenting on Tuesday, March 13 at 1:00 PM Pacific Time.
Rochelle Park, NJ, March 1, 2018 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2017.
HIGHLIGHTS
– Q4 2017 Total Revenues of $76.0 Million; $254.2 Million Full Year, Up 36% –
– Q4 2017 Service Revenues of $39.3 Million; $134.9 Million Full Year, Up 20% –
– Q4 2017 Subscriber Communicator Net Adds of 127,000; Full Year of 300,000 Net Adds, Up 18% –
Rochelle Park, NJ, February 28, 2018 - 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 Armstrong Transportation (Armstrong) to provide an industry-leading logistics tracking and monitoring solution for their trailer fleet. ORBCOMM’s end-to-end solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, February 27, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, will be participating in the 39th Annual Raymond James Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. Mr. Eisenberg will be presenting on Tuesday, March 6 at 8:05 AM Eastern Time.
Rochelle Park, NJ, February 22, 2018 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its fourth quarter and full year ended December 31, 2017, on Thursday, March 1, 2018, at 8:30 AM ET. ORBCOMM’s financial results for the fourth quarter and full year 2017 will be released on Thursday, March 1, 2018.
Rochelle Park, NJ, December 14, 2017 - 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 Wayne Smith Trucking to provide an industry-leading logistics tracking and monitoring solution for their trailer fleet. ORBCOMM’s end-to-end solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management.
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.
Adelaide, Australia, November 22, 2017 - Codan Radio Communications is pleased to announce its collaboration with ORBCOMM (Nasdaq: ORBC), to launch Codan’s ConvoyTM multi-mode telematics platform for global asset management. ORBCOMM is providing ruggedized, dual-mode hardware, satellite and cellular connectivity as well as robust device management in conjunction with Codan’s High Frequency (HF) radio technology to support the Convoy system.
Rochelle Park, NJ, November 2, 2017 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2017.
HIGHLIGHTS
– Total Revenues Reach $69.4 Million, Up 50% to Prior Year –
– Service Revenue Growth of 21% Over Prior Year –
– Product Sales of $34.3 Million Increase 97%, with over 70,000 Net Sub Additions –
– Acquisition of Blue Tree Systems Ltd. Expands Fleet Management Offering –
Rochelle Park, NJ, November 1, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that LTI Trucking Services, Inc. (LTI), a nationwide truckload carrier and full-service logistics company based in St. Louis, MO, has selected ORBCOMM to provide its industry-leading cold chain telematics solution to track, monitor and control its fleet of refrigerated trailers. ORBCOMM will provide cellular connectivity, state-of-the-art hardware, wireless fuel and door sensors, along with a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, October 26, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its third quarter ended September 30, 2017, on Thursday, November 2, 2017, at 8:30 AM ET. ORBCOMM’s financial results for the third quarter 2017 will be released on Thursday, November 2, 2017
Rochelle Park, NJ, October 5, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that TOTE Maritime Alaska has selected ORBCOMM to provide a broad portfolio of telematics solutions to monitor and control its refrigerated and dry intermodal and over-the-road assets, including containers, trailers and flatbeds. TOTE Maritime Alaska is the leading Jones Act carrier serving the Alaska market, connecting greater Alaska to the Continental United States and beyond. This is the second deployment for TOTE Maritime, following the success of the TOTE Maritime Puerto Rico reefer management system deployment earlier this year.
Rochelle Park, NJ, October 2, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has acquired Blue Tree Systems Limited (Blue Tree) based in Galway, Ireland, along with its subsidiaries in the United States, Germany and France. Blue Tree provides world-class transportation management solutions across multiple classes of assets that include trucks, refrigerated straight trucks as well as refrigerated and dry trailers. Blue Tree serves more than 300 customers in North America, the European Union, United Kingdom, Australia, and New Zealand.
Rochelle Park, NJ, September 26, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that UNIT45 B.V., an industry leader in the design, construction, financing, and delivery of 45 foot containers for European intermodal transport operations, has selected ORBCOMM to provide its end-to-end telematics solution and Cloud platform for remote container monitoring and control. UNIT45’s diesel-electric containers, which provide maximum capacity and cargo stability ideal for long-haul rail, transport temperature-controlled cargo, including food and beverages, pharmaceuticals, printers and computers, along the New Silk Road linking China and Europe.
Rochelle Park, NJ, August 14, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has launched the next generation of its cold chain monitoring solution. ORBCOMM’s PT 6000, which is available as a 3G or LTE cellular or dual-mode satellite-cellular version, enables fuel and temperature management, maintenance, logistics and regulatory compliance for refrigerated transport assets.
Rochelle Park, NJ, August 4, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Financial Officer, Robert Costantini, will be participating in the 37th Annual Canaccord Genuity Growth Conference at the InterContinental Boston Hotel in Boston, Massachusetts. Mr. Costantini will be presenting on Thursday, August 10, 2017 at 1:30 PM Eastern Time.
Rochelle Park, NJ, August 3, 2017 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2017.
HIGHLIGHTS
– Total Revenues Reach New High of $57.0 Million, Up 14% Compared to Last Year –
– Service Revenues Grow 12% Over Prior Year to $31.1 Million –
– Acquisition of inthinc, Inc. Accelerates Entry into Vehicle Fleet Management Market –
Rochelle Park, NJ, July 27, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its second quarter ended June 30, 2017, on Thursday, August 3, 2017, at 8:30 AM ET. ORBCOMM’s financial results for the second quarter 2017 will be released on Thursday, August 3, 2017.
Rochelle Park, NJ, July 18, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that JLG Industries, Inc., an Oshkosh Corporation (NYSE:OSK) company, has selected ORBCOMM to provide an end-to-end telematics solution platform for its global fleet of aerial work platforms and telehandlers. ORBCOMM’s solution will provide global wireless connectivity along with state-of-the-art hardware and a robust web platform for asset management.
Rochelle Park, NJ, July 11, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that is has signed an agreement with Beijing Marine Communication Navigation Company (MCN), the premier supplier of Inmarsat mobile satellite services in China, to provide ORBCOMM’s IsatData Pro (IDP) service in China. This agreement opens China for global enterprise customers that utilize ORBCOMM’s robust IDP offerings for their asset monitoring applications across a wide variety of industrial markets, such as transportation, heavy equipment, oil & gas and maritime. ORBCOMM’s IDP service utilizes Inmarsat’s global L-band satellite network to offer the highest payload and lowest latency of any satellite M2M service.
San Antonio, TX, June 27, 2017 - Compass Intelligence is honored to recognize the top innovators, technologies, best-in-class solutions and products, and leaders in the mobile, IoT, and emerging technology industries. The 5th annual 2017 Compass Intelligence Awards, brought to you by our partners Silverwood Partners, HYLA Mobile, Mind Commerce, and IoT Analytics were voted on by 40+ industry-leading press, editors, journalists, thought leaders, and analysts. The program included three primary award categories: Mobile & Wireless, A-List in IoT, and Bamboo Mobile, along with CompassIntel.com selected “of the Year” awards. The 68 different awards identify the best in mobile devices and software, wireless technology, mobile applications, platforms, Internet of Things, wearables, reuse/recycling of devices, robotics, augmented reality, artificial intelligence, connected products, and emerging solutions.
Rochelle Park, NJ, , June 27, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Michael Dempsey, ORBCOMM’s Vice President of Container and Port Solutions, is presenting at the Terminal Operations Conference (TOC) Europe on Wednesday, June 28 at the RAI Exhibition and Convention Centre in Amsterdam, Netherlands. Mr. Dempsey will lead the panel presentation titled, “The Digital Debate,” which focuses on the digitalization of the supply chain to enable the gathering, analyzing, and distributing of valuable data, which facilitates the integrated management of activities across the supply chain. TOC Europe is the leading event for container supply chain professionals, including an exhibition that showcases the latest port and terminal technology and operations.
Rochelle Park, NJ, June 12, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has acquired the assets of inthinc, Inc. Based in Salt Lake City, UT, inthinc provides best-in-class fleet management and driver safety solutions to a broad range of industrial enterprises. inthinc’s vehicle telematics solutions are focused on improving driver safety, operational efficiency, regulatory compliance and workforce optimization through the two-way integration of in-vehicle devices, smart mobile devices, web applications and data management services.
Rochelle Park, NJ, May 23, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has partnered with Vobal Technologies (Vobal) to enable end-to-end visibility of refrigerated smart containers and other IoT-connected assets transporting temperature-sensitive, high-value cargo across international waters.
Rochelle Park, NJ, and Riyadh, Saudi Arabia, May 18, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has signed a strategic distribution agreement with machinestalk, a leading IoT solutions provider based in Riyadh, Saudi Arabia, to provide ORBCOMM’s global satellite, cellular and dual-mode network connectivity; hardware; web reporting applications; and software in the Kingdom of Saudi Arabia and the Gulf Cooperation Council (GCC) region.
Rochelle Park, NJ, May 16, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has received the 2017 IoT Innovations Award from Connected World magazine for its turn-key AssetWatchTM Mining platform. By combining Real-Time Location Systems (RTLS), condition monitoring sensors, mobile devices and Cloud computing/analytics, ORBCOMM AssetWatch Mining enables comprehensive enterprise asset management for mine operators.
Rochelle Park, NJ, May 9, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that TOTE Maritime Puerto Rico, a premier shipping carrier specializing in moving cargo between the U.S. mainland and Puerto Rico, has selected ORBCOMM to provide its GSM-based VesselConnect solution to remotely manage TOTE Maritime’s fleet of smart refrigerated containers at sea.
Rochelle Park, NJ, May 9, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it will showcase its new GSM-based VesselConnect solution, which enables local and remote refrigerated container management at sea, in Booth 116, Hall A6 at the Transport Logistic Trade Show at Messe München in Munich, Germany from May 9-12, 2017. ORBCOMM’s VesselConnect enables end-to-end visibility of refrigerated containers transporting temperature-sensitive, high-value cargo across water, filling the traceability gap on vessels at sea.
Rochelle Park, NJ, May 4, 2017 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2017.
HIGHLIGHTS
– Total Revenues Reach Record of $51.9 Million, Up 19% Compared to Last Year –
– Adjusted EBITDA of $12.4 Million Increased 16% Year Over Year –
– Strong Momentum in Q1 as the Company Adds Over 42,000 Net Subscriber Communicators –
Rochelle Park, NJ, April 27, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its first quarter ended March 31, 2017, on Thursday, May 4, 2017, at 8:30 AM ET. ORBCOMM’s financial results for the first quarter 2017 will be released on Thursday, May 4, 2017.
Rochelle Park, NJ, April 4, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that Kevadiya Inc. (Kevadiya) has selected ORBCOMM to provide satellite communications services and hardware in support of the Vehicle Tracking Program within the Federal Bureau of Prisons (BOP), which is a federal law enforcement agency and subdivision of the U.S. Department of Justice. Kevadiya, one of Michigan’s top full-spectrum cloud and mobile computing solution providers to the government, healthcare, manufacturing, and consumer market segments, will be providing their fleet mobility tracking solution as part of the BOP program.
Rochelle Park, NJ, March 31, 2017 - ORBCOMM Inc. (NASDAQ: ORBC) (“ORBCOMM”), a global provider of Internet of Things solutions, today announced that it has priced $250,000,000 aggregate principal amount of 8.0% senior secured notes due 2024 (the “notes”). The notes will be fully and unconditionally guaranteed by certain of ORBCOMM’s domestic subsidiaries.
Rochelle Park, NJ, March 30, 2017 - ORBCOMM Inc. (NASDAQ: ORBC) (“ORBCOMM”), a global provider of Internet of Things solutions, today announced that it has commenced an offering of $250,000,000 aggregate principal amount of senior secured notes due 2024 (the “notes”). The notes will be fully and unconditionally guaranteed by certain of ORBCOMM’s domestic subsidiaries.
Rochelle Park, NJ, March 27, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it will showcase its fleet management solutions in Booth 209 at the 79th Truckload Carriers Association (TCA) Annual Convention at the Gaylord Opryland in Nashville, TN, from March 26-29, 2017. ORBCOMM will feature new enhancements to its industry-leading dry van and cold chain telematics solutions, which are targeted for any size fleet, asset class or integration requirements in the transportation and distribution industry.
Rochelle Park, NJ, and Hyderabad, India, March 22, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has moved its India operations to a new technology center of excellence for software application development and Tier One customer care in Hyderabad, India. ORBCOMM will host a ribbon-cutting ceremony performed by Mr. K.T. Ramarao, Cabinet Minister for IT of the state of Telangana, Mr. Jayesh Ranjan, IT Secretary of the state of Telangana, and Mr. Craig Malone, ORBCOMM’s Executive Vice President of Product Development, to mark the official opening of its new office today at 10:45 am IST.
Rochelle Park, NJ, March 21, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has collaborated with maritime technology industry leaders Pole Star and Weatherdock to develop Hali, a Class B tri-mode vessel tracking solution that ensures complete vessel visibility. Hali combines terrestrial and satellite Automatic Identification System (AIS) data capability with two-way satellite M2M technology to deliver reliable vessel location data to small craft and fleet owners & operators, maritime authorities and enforcement agencies, providing the actionable intelligence required to maximize maritime safety, security and environmental compliance.
Rochelle Park, NJ, March 20, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Kevadiya Inc. (Kevadiya) selected ORBCOMM to provide satellite and cellular communications services and asset tracking and monitoring devices in support of the Veterans Transportation Service (VTS) provided by the U.S. Department of Veterans Affairs (VA). The VA recently extended the VTS program based on the success of the ORBCOMM-Kevadiya telematics solution. In 2015, Kevadiya, one of Michigan’s top full-spectrum cloud and mobile computing solution providers to the government, healthcare, manufacturing, and consumer market segments, was originally awarded VA contract number VA741-15-C-0008 for a base year and two option years, which will equip approximately 1,200 vehicles when fully deployed.
Rochelle Park, NJ, March 10, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the award of a multi-year contract with the Australian Maritime Safety Authority (AMSA) through ORBCOMM’s partner Kordia Pty Ltd (Kordia). ORBCOMM and Kordia, a leading provider of mission-critical networks in New Zealand, will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts to AMSA for designated regions and specific maritime projects.
Rochelle Park, NJ, March 7, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has enhanced its fleet management solution targeted for the heavy equipment industry to include additional features and functionality for its ruggedized asset tracking device and FleetEdge web platform. This ORBCOMM solution provides valuable equipment position, status and performance reports that enable customers to track asset movement to minimize theft and loss, schedule service alerts to enable preventative maintenance, monitor fuel usage to optimize fuel consumption, and more.
Rochelle Park, NJ, February 28, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Financial Officer, Robert Costantini, will be participating in the 38th Annual Raymond James Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. Mr. Costantini will be presenting on Monday, March 6 at 7:30 AM Eastern Time.
Rochelle Park, NJ, February 28, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Canadian partner Maerospace, an industry expert in advanced data analytics, has won a multi-year contract with the Government of Canada. Through its Canadian subsidiary SkyWave, ORBCOMM will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts in conjunction with Maerospace’s TimeCaster™ technology to the Government of Canada for monitoring Canadian and global maritime traffic.
Rochelle Park, NJ, February 28, 2017 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2016.
HIGHLIGHTS
– 2016 Service Revenues Reach Record of $112.9 Million, Up 13% Compared to Last Year –LOWELL, Ark. & ROCHELLE PARK, N.J, February 27, 2017 - J.B. Hunt Transport Services, Inc. (JBHT) has chosen ORBCOMM Inc. (ORBC), a leading global provider of Machine-to-Machine and Internet of Things communication solutions, to equip its 90,000-plus intermodal and over-the-road (OTR) trailing fleets with end-to-end tracking and monitoring.
Rochelle Park, NJ, February 21, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its fourth quarter and full year ended December 31, 2016, on Tuesday, February 28, 2017, at 8:30 AM ET. ORBCOMM’s financial results for the fourth quarter and full year 2016 will be released on Tuesday, February 28, 2017.
Rochelle Park, NJ, , February 8, 2017 - 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 Christenson Transportation, Inc. (Christenson) to provide an industry-leading logistics tracking solution for their trailer fleet. ORBCOMM’s end-to-end solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ,
January 23, 2017 -
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 B.A.H. Express, Inc. (BAH) to provide an industry-leading asset tracking solution for its dry van trailer fleet. ORBCOMM’s end-to-end solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal
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Rochelle Park, NJ, January 6, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has completed regulatory approvals and thorough compatibility testing for its GT 1100-LTE devices, which are now certified compliant for use on the AT&T and T-Mobile networks. ORBCOMM’s new devices are the IoT industry’s first dual-mode LTE-enabled devices targeted for asset tracking applications. ORBCOMM began volume production shipments of the GT 1100-LTE devices in December 2016.
Rochelle Park, NJ, January 4, 2017 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named the M2M Satellite Service Provider of the Year by IoT Breakthrough, an independent organization dedicated to helping the best IoT products and companies “break through” the crowded IoT industry.
Rochelle Park, NJ, December 28, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Covenant Transportation Group (CTG), one of the top truckload providers in the United States, has selected ORBCOMM to provide its industry-leading cold chain telematics solution to track, monitor and control its fleet of refrigerated trailers at Covenant Transport and Southern Refrigerated Transport. ORBCOMM will provide cellular connectivity, state-of-the-art hardware, wireless fuel and door sensors, along with a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, December 19, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named by Food Logistics to the 2016 FL100+ Top Software and Technology Providers list, which serves as a resource guide of software and technology providers whose products and services are critical for companies in the global food and beverage supply chain.
Rochelle Park, NJ, November 17, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it ranked 383 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015. ORBCOMM grew 176% percent during this period.
Rochelle Park, NJ, November 3, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it will participate in Nasdaq’s closing bell ceremony at Nasdaq MarketSite in Times Square, New York this afternoon at 4:00 pm ET. The ceremony will begin with remarks from ORBCOMM’s Chief Executive Officer, Marc Eisenberg, who will ring Nasdaq’s closing bell to signal the end of the day’s stock trading session.
GLOBE NEWSWIRE, November 2, 2016 - ORBCOMM Inc. (ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, will visit the Nasdaq MarketSite in Times Square in celebration of its 10th listing anniversary. In honor of the occasion, Marc Eisenberg, Chief Executive Officer, will ring the Closing Bell.
Rochelle Park, NJ, November 2, 2016 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2016.
HIGHLIGHTS
– Total Revenues of $46.3 Million Up Slightly to Prior Year –
– Service Revenues Growing 15% Over Prior Year –
– Adjusted EBITDA of $12.0 Million, Increases 8.5% Over Prior Year –
– Company Adds 37,000 Net Subscriber Communicators in the Quarter –
Rochelle Park, NJ, October 26, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its third quarter ended September 30, 2016, on Wednesday, November 2, 2016, at 8:30 AM ET. ORBCOMM’s financial results for the third quarter 2016 will be released on Wednesday, November 2, 2016.
ROCHELLE PARK, N.J., September 27, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named a winner of two IoT Evolution Asset Tracking Awards for ORBCOMM’s CargoWatch® Secure web application and its Cold Chain Telematics Solution by IoT Evolution magazine and IoT Evolution World, leading print and online voices of the high-growth IoT marketplace.
ROCHELLE PARK, N.J., September 21, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has enhanced its cold chain compliance solution for the European refrigerated transportation market. In addition to industry-leading temperature recorders, sensors and the ColdChainView web application, ORBCOMM’s comprehensive solution now includes connectivity services from some of the largest providers of terrestrial services in Europe as well as a new mobile app. By enabling precise temperature monitoring, fuel management, preventive maintenance and remote control for food, pharmaceuticals and other temperature-controlled cargo, ORBCOMM helps customers improve end-to-end operations and gain total assurance from the product’s origin to destination.
ROCHELLE PARK, N.J., September 20, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has received the Good Automated Manufacturing Practice (GAMP® 5) official certification of approval from the European Institute for Pharma Logistics (EIPL) for its Euroscan-branded product line of temperature recording devices and cold chain monitoring systems . GAMP 5 guidelines are published by the International Society for Pharmaceutical Engineering (ISPE) and provide a flexible, risk-based approach on how to define and implement quality procedures, including compliant computerized systems, that support Good Distribution Practices (GDP) of pharmaceutical products for human use.
Rochelle Park, NJ, September 19, 2016 - 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 Global Fishing Watch to provide extensive global satellite Automatic Identification System (AIS) data from commercial fishing vessels for its new online technology platform. Global Fishing Watch is a collaboration by Oceana, Google and SkyTruth to end Illegal, Unreported and Unregulated (IUU) fishing by identifying fishing vessels and analyzing fishing activity to ensure environmental regulations are upheld. The platform was launched by actor and ocean advocate, Leonardo DiCaprio, at the Our Ocean Conference in Washington, D.C. on September 15, 2016, which was hosted by Secretary of State John Kerry.
Rochelle Park, NJ, September 7, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today introduced its Enterprise IoT Toolkit, which provides every layer of the IoT stack required to develop market-specific solutions that improve asset utilization, reduce operational costs and provide long-term return on investment (ROI). ORBCOMM’s IoT Toolkit components are available together or separately to enterprises, Original Equipment Manufacturers (OEMs), solution providers and Value Added Resellers (VARs) to create M2M and IoT solutions with the assurance that all of the building blocks are interoperable and come with a single point of contact for support.
Rochelle Park, NJ, September 1, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Christian Allred, ORBCOMM’s Senior Vice President and General Manager of Global Sales, will be presenting at CTIA Super Mobility 2016 as part of the M2M Zone’s IoT Leadership Forum on Thursday, September 8, 2016, at the Sands Expo and Convention Center in Las Vegas, NV. Mr. Allred’s presentation is titled, “Enabling the IoT,” and will focus on the components that make up M2M/IoT solutions and detail best practices for developing and deploying these solutions in the market
Rochelle Park, NJ, August 25, 2016 - 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 L.J. Rogers Trucking, Inc. (L.J. Rogers) to provide an industry-leading asset tracking solution for its dry van trailer fleet. Headquartered in Mebane, NC, L.J. Rogers focuses on full-service truckload transportation and logistics support throughout the United States. ORBCOMM’s end-to-end solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, August 16, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named a winner of two IoT Evolution Product of the Year Awards for the ORBCOMM PT 7000 and the ORBCOMMconnect multi-network management portal by IoT Evolution magazine and IoT Evolution World, the leading magazine and Web site covering IoT technologies.
Rochelle Park, NJ, August 11, 2016 - 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 Northern Refrigerated Transportation, Inc. (Northern Refrigerated) to provide industry-leading telematics solutions for its fleet of refrigerated trailers. Based in Turlock, CA, Northern Refrigerated is a leader in Less Than Truckload (LTL) West Coast refrigerated transport solutions.
ATHENS, GA, August 4, 2016 - Carrier Transicold today announced it will offer a customized telematics solution that will deliver advanced capabilities for its transport refrigeration units (TRUs). The new telematics solution will help fleets manage their refrigerated assets by enabling remote refrigeration unit monitoring, control and diagnostics, data management and other value-added capabilities. Carrier Transicold is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).
ROCHELLE PARK, N.J., August 4, 2016 - ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2016.
HIGHLIGHTS
– Total Revenues of
– Adjusted
EBITDA of
–
Company Adds Over 41,000 Net Subscriber Communicators in the Quarter –
Rochelle Park, NJ, August 3, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Financial Officer, Robert Costantini, will be participating in the 36th Annual Canaccord Genuity Growth Conference at the InterContinental Boston Hotel in Boston, Massachusetts. Mr. Costantini will be presenting on Wednesday, August 10, 2016 at 3:00 PM Eastern Time.
Rochelle Park, NJ, August 3, 2016 - 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 Barnes Transportation Services Inc. (Barnes) to provide a solar-powered asset tracking solution for its dry van trailers. Headquartered in Wilson, North Carolina, Barnes is a family-owned and operated truckload carrier servicing the Eastern United States. ORBCOMM’s solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management.
Betzdorf, Luxembourg and Rochelle Park, NJ, USA, August 1, 2016 - Today LuxSpace Sàrl, an affiliate of OHB SE (Prime Standard, ISIN: DE0005936124), and its partner, ORBCOMM Inc. (Nasdaq: ORBC), announced the award of a four-year satellite Automatic Identification System (AIS) data service framework contract with the European Maritime Safety Agency (EMSA). Headquartered in Lisbon, Portugal, EMSA is one of the largest consolidators of AIS data and is responsible for maritime safety, pollution-by-ship monitoring and ship security for the European Union and its Member States.
Rochelle Park, NJ, July 29, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its second quarter ended June 30, 2016, on Thursday, August 4, 2016, at 8:30 AM ET. ORBCOMM’s financial results for the second quarter 2016 will be released on Thursday, August 4, 2016.
Rochelle Park, NJ, July 26, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has received a 2016 Smart Grid Product of the Year Award from SmartGrid.TMCnet.com, a TMC and Crossfire Media sponsored technology media website. ORBCOMM’s dual-mode satellite-cellular solution enables utility companies to efficiently manage their Smart Grids by monitoring and controlling reclosers and other network distribution devices in real time.
Rochelle Park, NJ, July 19, 2016 - 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 Gulick Trucking, Inc. (Gulick) to provide industry-leading telematics solutions for its mixed fleet of dry van and refrigerated trailers. Based in Vancouver, WA, Gulick offers full-service truckload, dry van and refrigerated services across the continental United States for a wide variety of freight, including food, beverages, paper and wood products, and nursery stock.
Rochelle Park, NJ, June 15, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has received the 2016 IoT Innovations Award from Connected World magazine for its ORBCOMMconnect multi-network management portal.
Rochelle Park, NJ, June 14, 2016 - Rochelle Park, NJ, June 14, 2016 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Michael Dempsey, ORBCOMM’s Vice President of Container and Port Solutions is presenting at TOC Europe 2016 on Wednesday, June 15 at the Hamburg Messe and Congress Centre in Hamburg, Germany. Mr. Dempsey will participate in the Container Supply Chain session titled, “The Internet of Things and Big Data: Connectivity, Visibility and Analytics.” TOC Europe is the global meeting place for ports, terminals, shipping lines, 3PLs & shippers and includes an exhibition showcase for port and terminal technology and operations.
Rochelle Park, NJ, June 14, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has received the 2016 Connected World Award.
Rochelle Park, NJ, June 13, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it will provide its satellite AIS data to Genscape, a leading global provider of energy information for commodity, shipping and financial markets. ORBCOMM’s extensive AIS data will be utilized by customers of Genscape’s value added AIS-based solutions.
Rochelle Park, NJ, May 11, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it will host its Financial Analyst Day on Tuesday, May 17, 2016 in Rochelle Park, NJ, from 9:00 AM ET until 1:00 PM ET.
Rochelle Park, NJ, May 5, 2016 - ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2016.
Rochelle Park, NJ, May 4, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Dan Chuhay, ORBCOMM’s Director of Government Programs, is presenting at RFID Journal LIVE! 2016 on Thursday, May 5 at the Orange County Convention Center in Orlando, FL. Mr. Chuhay will participate in the panel presentation titled, “DOD Enhances Asset Visibility for Warfighters.” The 14th Annual RFID Journal LIVE! Conference and Exhibition is the world’s largest and most important event focused on radio frequency identification and related technologies and features more than 200 exhibitors from around the world.
Rochelle Park, NJ, April 28, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its first quarter ended March 31, 2016, on Thursday, May 5, 2016, at 10:00 AM ET. ORBCOMM’s financial results for the first quarter 2016 will be released on Thursday, May 5, 2016.
Rochelle Park, NJ, April 13, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Bill Molesworth, ORBCOMM’s Vice President of Wireless Services, is presenting at the Competitive Carriers Association’s (CCA) Mobile Carriers Show on Thursday, April 14 at the Nashville Music City Center in Nashville, TN. Mr. Molesworth will participate in the panel presentation titled, “Implementing and Supporting IoT Applications.” The Mobile Carriers Show, the new evolution of the CCA’s Global Expo, is the only North American event to focus exclusively on smart strategies, technology innovations and business opportunities for carrier organizations.
Rochelle Park, NJ, April 12, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire Skygistics (PTY) Ltd. and its South African and Australian subsidiaries. Based outside of Johannesburg, South Africa, Skygistics provides a broad range of satellite and cellular connectivity options as well as telematics solutions centered around the management of remote and mobile assets to more than 250 telematics and enterprise customers. Skygistics will add distribution for ORBCOMM’s broad range of products in some of the fastest growing IoT markets, including South Africa and 22 other African nations. Skygistics is a long-time partner of SkyWave, a subsidiary of ORBCOMM, and a distributor of SkyWave’s satellite connectivity products. Satellite connectivity is used widely in Africa for cost-effective, mission-critical cross-border security monitoring and asset management applications.
Rochelle Park, NJ, April 12, 2016 - a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the availability of its new heavy equipment telematics solution, which includes the dual-mode PT 7000 device and the FleetEdge web application for monitoring and control of equipment used in the construction, mining, rail and utility industries. By utilizing ORBCOMM’s comprehensive solution, customers gain complete visibility of their heavy equipment fleet and are able to manage their operations more efficiently with access to near-real-time asset data and analytics.
Rochelle Park, NJ, April 7, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Brown Integrated Logistics (Brown), the Southeast’s leader in dedicated and regional transportation services for over 65 years, has selected ORBCOMM to provide its solar-powered asset tracking solution for their dry van trailers. ORBCOMM’s solution will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, April 5, 2016 - 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 Distribution Solutions Inc. (DSI) to provide industry-leading telematics solutions for its mixed fleet of dry van and refrigerated trailers. Based in Harrison, AR, DSI offers full-service truckload, dry van and refrigerated services across the continental United States.
Rochelle Park, NJ, March 31, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Fairchild Freight, a truckload carrier specializing in the transportation of consumer food commodities throughout North America, has selected ORBCOMM to provide its dual-mode cold chain telematics solution to track and monitor its refrigerated trailers. ORBCOMM will provide both satellite and cellular connectivity through state-of-the-art hardware and a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, March 22, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Sean Maguire, ORBCOMM’s Business and Product Development Manager for Container & Port Solutions, is presenting at Intermodal Asia 2016 on Wednesday, March 23 at the Shanghai World Expo Exhibition & Convention Center in Shanghai, China. Mr. Maguire’s presentation is titled, “The Internet of Things and the Container Supply Chain.” Intermodal Asia is Asia’s 3rd annual exhibition and conference for the container, transport and logistics industries, including more than 7,000 attendees and 130 exhibitors from around the world.
Rochelle Park, NJ, March 9, 2016 - ORBCOMM today announced financial results for the fourth quarter and full year ended December 31, 2015.
HIGHLIGHTS
2015 Total Revenues of $178.3 Million Increased 85% Year-Over-Year with 17% Organic Growth
Adjusted EBITDA of $11.9 Million in Q4 and $42.3 Million for 2015
Successful Launch of 11 OG2 Satellites Completes Second Generation Constellation
Rochelle Park, NJ, March 8, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has received the Mobile Satellite Users Association (MSUA) 2016 M2M Mobility Satcom Innovation Award for its OG2 satellite modem. The award was presented to ORBCOMM at the Satellite 2016 Conference & Exhibition in National Harbor, MD.
Rochelle Park, NJ, March 7, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Christian Allred, ORBCOMM’s Senior Vice President and General Manager of Enterprise Solutions, is presenting at Satellite 2016 on Tuesday, March 8 at the Gaylord National Convention Center National Harbor, MD. Mr. Allred will be participating in a panel discussion titled, “Satellite, M2M and the Internet of Things.” Satellite 2016 is the premier event in satellite communications for more than 13,000 satellite end-users from over 100 countries representing the entire ecosystem of the satellite community including broadcast, military and government, enterprise, telecommunications, mobility, maritime, commercial and more.
Rochelle Park, NJ, March 3, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Commercial Trailer Leasing, Inc. (CTL), a New Jersey-based lessor of trailers, has selected ORBCOMM to provide its solar-powered asset tracking solution for select customers on their dry van trailers. ORBCOMM’s solution will provide wireless connectivity through ORBCOMM’s state-of-the-art hardware and a web-based reporting platform for optimal fleet management.
Rochelle Park, NJ, March 1, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review results of its fourth quarter and full year ended December 31, 2015, on Wednesday, March 9, 2016, at 10:00 AM ET. ORBCOMM’s financial results for the fourth quarter and full year 2015 will be released on Wednesday, March 9, 2016.
Rochelle Park, NJ, March 1, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced it has launched commercial service for its final 11 second generation OG2 satellites. ORBCOMM’s advanced OG2 satellites are providing both M2M messaging and Automatic Identification System (AIS) service for its global customers. ORBCOMM successfully launched the 11 OG2 satellites on December 21, 2015, aboard a dedicated SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, FL.
Rochelle Park, NJ, February 29, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Al Tama, ORBCOMM’s Product Management Director of Container and Port Solutions, is presenting at the 16th Annual TPM Conference on Tuesday, March 1 at the Long Beach Convention Center in Long Beach, CA. Mr. Tama will serve as the session chair for the panel discussion titled, “Constructing the Cold Chain of the Future.” TPM, which is organized by The Journal of Commerce, continues to be the must-attend conference for the trans-Pacific and global container shipping and logistics community.
Rochelle Park, NJ, February 29, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, will be participating in the 37th Annual Raymond James Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. Mr. Eisenberg will be presenting on Monday, March 7 at 8:40 AM Eastern Time.
Rochelle Park, NJ, February 29, 2016 - ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the new release of CargoWatch® Secure, a powerful, real-time cargo security and condition monitoring solution that provides complete shipment lifecycle awareness and visibility of dry and refrigerated cargo in transit and in storage. The application is designed to traverse across a variety of transportation modes and serve multiple parties from origin to destination.
Rochelle Park, NJ, February 29, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Michael Dempsey, ORBCOMM’s Vice President of Container and Port Solutions, is presenting at the International Cargo Handling Coordination Association (ICHCA) International Conference on Tuesday, March 1 at the World Trade Centre in Barcelona, Spain. Mr. Dempsey’s session is titled, “The Impact of M2M on the Cargo Supply Chain: Transforming Operations with M2M Technology.”
Rochelle Park, NJ, February 25, 2016 - 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 Bay and Bay Transportation (Bay and Bay) to provide industry-leading telematics solutions for its mixed fleet, including dry van and refrigerated trailers as well as dry tank assets, which are used to transport a variety of non-food grade materials. Founded in 1959, Bay and Bay is a premier trucking and logistics provider and a leader in the temperature-control market with extensive reach across the United States.
Rochelle Park, NJ, February 23, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced additions to its fleet management portfolio. This includes the new cellular-only SkyWave IDP-782 device and the viaFleet web application for tracking, monitoring and managing trucks, railcars and other mobile assets. By leveraging ORBCOMM's extensive fleet management solutions, fleet operators can reduce fuel costs, optimize travel routes, monitor driver behavior, minimize idle times and ensure cargo and driver security.
Rochelle Park, NJ, February 16, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and its Chief Financial Officer, Robert Costantini, will be participating in the Jefferies 2016 Media and Communications Conference in New York City, New York. Mr. Eisenberg and Mr. Costantini will be presenting on Tuesday, February 23 at 1:00 PM Eastern Time.
Rochelle Park, NJ, February 11, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M), Internet of Things (IoT) and RFID solutions, today announced that Lockheed Martin’s Aeronautics Division has selected ORBCOMM’s turnkey iApp platform as a replacement to their existing RFID-based data collection solution. ORBCOMM’s robust iApp platform will enable automated data capture, processing, traceability and analysis of assets located at global storage sites managed by Lockheed Martin, their partners and their sellers.
Rochelle Park, NJ, February 4, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it is one of four prestigious New Jersey companies to have been chosen as an honoree for the 2016 Association for Corporate Growth (ACG) NJ Corporate Conference and Awards Program. The award honors middle market companies with operations in NJ that have revenue between $5 million and $500 million and that have quantifiably grown through an innovative business model, deal or best practice.
Rochelle Park, NJ, January 28, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that Terex Materials Processing, a business segment of Terex Corporation (Terex), has selected ORBCOMM to deliver a customized end-to-end telematics solution to track and monitor Powerscreen® and Terex® Finlay machines. ORBCOMM’s comprehensive dual-mode solution will provide global satellite data service combined with cellular connectivity through ORBCOMM’s wireless partner, AT&T, along with state-of-the-art hardware and a robust web-based platform for asset management.
Rochelle Park, NJ, January 26, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its new OGi core modem is now commercially available. The ORBCOMM OGi modem has demonstrated compliance with Inmarsat’s requirements for RF communication utilizing the Inmarsat I-4 L-band satellites along with the IDP network protocol.
Rochelle Park, NJ, January 8, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named the Satellite M2M Service Provider of the Year as part of the 3rd Annual 2016 Compass Intelligence A-List in M2M Awards. Christian Allred, ORBCOMM’s General Manager and Senior Vice President of Enterprise Solutions, was presented with the award and delivered the keynote presentation at the Compass Intelligence press luncheon held yesterday at the Las Vegas Convention Center and World Trade Center during the 2016 International CES® trade show in Las Vegas, NV.
Rochelle Park, NJ, January 4, 2016 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been named by Food Logistics, the only publication dedicated exclusively to the global food and beverage supply chain, on the 12th annual FL100+ list. The FL100+ is a listing of software, hardware and IT service providers that focus on the unique technology needs of the food distribution business.
Rochelle Park, NJ, December 21, 2015 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has successfully launched eleven next generation OG2 satellites from Cape Canaveral Air Force Station, Florida at 8:29 pm ET. The eleven OG2 satellites were successfully separated from the Falcon 9 launch vehicle into the proper insertion orbit.
Rochelle Park, NJ, December 10, 2015 - ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that SpaceX is planning to conduct the static fire of its Falcon 9 rocket on December 16, 2015, which will launch eleven next generation OG2 satellites as part of ORBCOMM’s second and final OG2 Mission at Cape Canaveral Air Force Station, Florida. Once the static fire is completed to verify the readiness of the Falcon 9 rocket, ORBCOMM’s second OG2 Mission is targeted to launch about three days later between 8:00 PM and 9:00 PM ET.
Sparks, NV, November 30, 2015 – Sierra Nevada Corporation (SNC) has delivered 11 ORBCOMM Generation 2 (OG2) satellites to the launch site at Cape Canaveral Air Force Station, Florida, for ORBCOMM’s upcoming OG2 Mission 2 launch aboard the SpaceX Falcon 9 rocket, which is targeted for mid-December 2015.
Rochelle Park, NJ, November 9, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, and Add On Systems, Inc. (AOS), a leading provider of real-time interfaces and applications for truckload carriers, today announced the successful integration of ORBCOMM’s fleet tracking and monitoring system with the AOS’s Trailer Monitoring and Management (TMMi) system.
November 5, 2015 – ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2015.
HIGHLIGHTS
Total Revenues of $46.1 Million, Increased 99% Over Prior Yearwith Organic Growth of 33%
Net Income of $1.6 million and Adjusted EBITDA of $11.0 Million
Announces OG2 Satellite Launch Expected in December 2015
Expands Solutions Portfolio into Refrigerated Sea Containers through WAM Acquisition
Rochelle Park, NJ, November 3, 2015 – 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 the China International Marine Container Company’s (CIMC) Intelligent Technology Division to provide next generation OG2 satellite service and modem technology for their dual-mode telematics solution being developed as an Original Equipment Manufacturer (OEM) product designed for dry shipping containers.
Rochelle Park, NJ, October 29, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its senior management team will host a conference call to review results of its third quarter ended September 30, 2015, on Thursday, November 5, 2015, at 10:30 AM ET. ORBCOMM’s financial results for the third quarter 2015 will be released on Thursday, November 5, 2015.
Rochelle Park, NJ, October 28, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been chosen as one of Connected World magazine’s select 2016 CW 100, an annual ranking that recognizes the best companies of the evolving IoT industry and sets the precedent of what is to come. ORBCOMM placed 23 on this year’s CW 100 list.
Rochelle Park, NJ, October 27, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has signed an agreement with Morsviazsputnik (Marsat), the licensed operator of Inmarsat’s mobile satellite services in Russia, to provide SkyWave’s IsatData Pro (IDP) service in the territory of the Russian Federation. This agreement opens the Russian Federation for the global heavy equipment Original Equipment Manufacturer (OEM) market as well as other key industries such as transportation, oil & gas and maritime. The SkyWave IDP service utilizes Inmarsat’s global L-band satellite network to offer the highest payload and lowest latency of any satellite M2M service.
Rochelle Park, NJ, October 23, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has been recognized by the 13th Annual American Business Awards (ABA) with two 2015 Silver Stevie® Awards for the Telecommunications Company of the Year as well as the Most Innovative Tech Company of the Year in the technology industry category. The winners were announced on September 11 at a gala banquet at the Merchants Exchange Building in San Francisco, CA. This summer ORBCOMM was awarded two additional 2015 Silver Stevie® Awards for the Most Innovative Company of the Year as well as the Communications Team of the Year.
Rochelle Park, NJ, October 16, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that ORBCOMM and SpaceX plan to launch eleven OG2 satellites from Cape Canaveral Air Force Station in Florida on the next launch of the SpaceX Falcon 9 rocket targeted to take place in the next six to eight weeks.
Rochelle Park, NJ, October 6, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire substantially all the assets of WAM Technologies LLC (WAM), an affiliate of Mark-It Services, Inc. Based in Skillman, NJ, WAM is a leading provider by market share of remote wireless management and control solutions for ocean transport refrigerated containers and related intermodal equipment on a global basis.
Rochelle Park, NJ, October 5, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, and McLeod Software, a leading provider of transportation and logistics solutions, today announced the successful integration of ORBCOMM’s two-way communications features for their fleet tracking and monitoring system with the McLeod LoadMaster™enterprise system.
Rochelle Park, NJ, September 14, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, and TMW Systems, Inc. (TMW), a leading provider of enterprise transportation solutions, today announced the successful integration of ORBCOMM’s fleet tracking and monitoring system with TMWSuite® software.
Rochelle Park, NJ, September 10, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its Chief Financial Officer, Robert Costantini, will be presenting at the 6th Annual Craig-Hallum Alpha Select Conference at the Convene Conference Center in New York City, New York. Mr. Costantini will be presenting on Thursday, September 17, 2015 at 8:40 AM Eastern Time.
The audio portion of the presentation can be accessed at http://wsw.com/webcast/ch5/orbc.
Rochelle Park, NJ, September 10, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the launch of ORBCOMM Enterprise Connect, a new solution focused on wireless devices and applications that require uninterrupted, high-bandwidth connectivity. ORBCOMM Enterprise Connect leverages 4G LTE to provide reliable wireless WAN connectivity that can be used as a back-up to existing broadband connections for distributed enterprise, financial, hospitality and retail locations.
Rochelle Park, NJ, September 9, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has launched ORBCOMMmobile, which offers mobile apps for ORBCOMM’s state-of-the-art M2M and IoT applications as well as the ORBCOMMconnect subscriber management portal. ORBCOMM’s robust mobile apps run on both iOS and Android devices to facilitate ubiquitous, easy access to ORBCOMM solutions and technology.
Rochelle Park, NJ, September 8, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has launched ORBCOMMconnect, a multi-network subscriber management portal designed to give customers complete control over their wireless services and connected devices, while reducing the complexity of managing and integrating multiple connectivity offerings. With ORBCOMMconnect, customers will have access to three satellite and seven Tier One cellular networks in one comprehensive platform.
Rochelle Park, NJ, September 3, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has achieved the Advanced Internet of Things (IoT) Industry Expert Specialization from Cisco. The designation recognizes ORBCOMM as having fulfilled the training requirements and program prerequisites to sell, deploy and support Cisco IoT Industry Expert products and solutions.
Rochelle Park, NJ, August 25, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its Euroscan product line of temperature recording devices and cold chain monitoring systems is now fully validated to the Good Automated Manufacturing Practice (GAMP® 5) guidelines. GAMP 5 guidelines are published by the International Society for Pharmaceutical Engineering (ISPE) and provide a flexible, risk-based approach on how to define and implement quality procedures, including compliant computerized systems, that support Good Distribution Practices (GDP) of pharmaceutical products for human use.
Rochelle Park, NJ, August 12, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, will be presenting at the 35th Annual Canaccord Genuity Growth Conference at the InterContinental Boston Hotel in Boston, Massachusetts. Mr. Eisenberg will be presenting on Thursday, August 13, 2015 at 2:30 PM Eastern Time. The audio portion of the presentation can be accessed at http://wsw.com/webcast/canaccord18/orbc.
August 6, 2015 – ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the second quarter ended June 30, 2015.
HIGHLIGHTS
Total Revenues of $44.9 Million, Increased 85% Over Prior Year with Organic Growth of 20%
Adjusted EBITDA of $10.3 Million, Increased 102% Over Prior Year
Selected by Large Global Transportation OEM to Develop a Private Label Telematics Platform
Rochelle Park, NJ, June 26, 2015 – ORBCOMM today announced that it has been recognized by the 13th Annual American Business Awards with two 2015 Silver Stevie® Awards for the Most Innovative Company of the Year as well as the Communications Team of the Year. The winners were announced on June 22 at a gala banquet at the Fairmont Chicago Millennium Park Hotel.
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.
Rochelle Park, NJ, June 4, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has been named a winner of two Internet of Things (IoT) Evolution Product of the Year Awards for the ORBCOMM GT 1000 and the SkyWave IDP-782 by TMC, a global, integrated media company. The TMC award honors the best systems and solutions in IoT technology that are delivering on the promise of gathering information regardless of proximity.
Rochelle Park, NJ, May 28, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has won Connected World magazine’s inaugural 2015 Internet of Things (IoT) Innovations Award for both the ORBCOMM GT 1100 and the SkyWave IDP-782 hardware solutions.
Rochelle Park, NJ, May 21, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that John Stolte, ORBCOMM’s Executive Vice President of Technology & Operations, has been elected to the Mobile Satellite Users Association’s (MSUA) 2015 Board of Directors.
Rochelle Park, NJ, May 7, 2015 – ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the first quarter ended March 31, 2015.
HIGHLIGHTS
Total Revenues of $42.3 Million, Increased 119% Over Prior Year with Organic Growth of Over 30%
Adjusted EBITDA of $9.0 Million, Increased 149% Over Prior Year
Subscriber Communicators Increased by 286,000 to 1,262,000
Rochelle Park, NJ, May 6, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that LBX Company (LBX), the maker of Link-Belt hydraulic excavators, has selected ORBCOMM to provide satellite data communications for its global Original Equipment Manufacturer (OEM) telematics application.
Rochelle Park, NJ, April 16, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has the received the Mobile Satellite Users Association (MSUA) 2015 Innovation Award for SkyWave’s IsatData Pro (IDP) service. The award was presented to ORBCOMM at an awards luncheon at the MSUA-12 Conference on March 17, which was held in conjunction with the Satellite 2015 Conference & Exhibition in Washington, DC.
Rochelle Park, NJ, April 15, 2015 – InSync Software, an ORBCOMM (Nasdaq: ORBC) company, today announced that Iron Mountain Inc. (NYSE: IRM), the storage and information management company, will be utilizing InSync’s iApp software and RFID-enabled Audit Carts (iRover) for its RFID-enabled Inventory Governance Solution. InSync’s best-in-class software is currently being installed at Iron Mountain’s storage sites around the world.
Rochelle Park, NJ, March 12, 2015 – ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2014.
HIGHLIGHTS
Total Revenues of $96.2 Million for 2014, Increasing 30% Over Prior Year
Record 39,000 Subscriber Communicators Additions in Q4 and 113,000 in 2014
SkyWave and InSync Acquisitions Completed in January 2015
Rochelle Park, NJ, March 3, 2015 – SkyWave, an ORBCOMM (Nasdaq: ORBC) company, today introduced the dual-mode IDP-782 communications terminal at Mobile World Congress from March 3-5 in Barcelona, Spain. The IDP-782 provides fleet managers with a single device for both cellular and satellite network coverage so they can stay connected to assets, sensors and people in the most cost-effective way possible.
Rochelle Park, NJ, February 26, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has signed a multi-year services agreement with Komatsu to continue providing wireless data services for their heavy equipment telematics applications. The renewed agreement will build upon Komatsu’s long-time success with its KOMTRAX and VHMS on-board machine monitoring and communications systems, which utilize ORBCOMM’s global satellite network.
Rochelle Park, NJ, February 23, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its senior management will be presenting at the 36th Annual Raymond James Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. ORBCOMM will be presenting on Monday, March 2, 2015 at 8:05 AM Eastern Time.
Rochelle Park, NJ, February 9, 2015 – SkyWave, an ORBCOMM (Nasdaq: ORBC) company, announced today that its SCADAconnect application has received the 2014 IoT Evolution Excellence Award from IoT Evolution Magazine, the leading publication covering the Machine-to-Machine (M2M) market. The award honors innovative products that support the availability of information being deduced, inferred and directly gathered from sensors, systems and anything else that is supporting better business and personal decisions.
Melbourne, Australia - February 3, 2015 – M2M Connectivity introduces the new IDP 200 Series satellite modems developed by SkyWave Mobile Communications (SkyWave) in Australia and New Zealand.
Rochelle Park, NJ, January 20, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of InSync Software, Inc. (InSync), a premier provider of Internet of Things (IoT) enterprise solutions across a broad spectrum of vertical markets, applications and customers.
Rochelle Park, NJ, January 13, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that Werner Enterprises, Inc. (Werner) selected ORBCOMM to provide an industry-leading tracking and monitoring solution for its over-the-road refrigerated trailers. Founded in 1956, Werner is a premier transportation and logistics company, providing services throughout North America, Asia, Europe, South America, Africa and Australia.
Rochelle Park, NJ, January 6, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its senior management will be presenting at the 17th Annual Needham Growth Conference at the New York Palace Hotel in New York, New York. ORBCOMM will be presenting on Tuesday, January 13, 2015 at 4:10 PM Eastern Time.
Rochelle Park, NJ, January 5, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat (LSE: ISAT.L) global L-band satellite network, on January 1. Based in Ottawa, Canada, SkyWave adds more than 250,000 subscribers, 400 channel partners, annualized revenues of over $60 million and Adjusted EBITDA of over $12 million.
Rochelle Park, NJ, November 10, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the third quarter ended September 30, 2014.
HIGHLIGHTS
Order to Deliver 16,000 Dual-Mode Devices for Large Retail Fleet of Trailers
Announces Pending SkyWave Acquisition to Create Largest Space-based M2M Company
Total Revenues of $23.1M Increased 17%
Rochelle Park, NJ, November 7, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today that it priced its underwritten registered public offering (“Offering”) of 12,857,143 shares of its common stock, par value $0.001 per share, at a price of $5.60 per share. In connection with the Offering, ORBCOMM has granted the underwriters an option to purchase up to 1,928,571 additional shares of its common stock. ORBCOMM is offering all of the shares and will receive all the net proceeds of the Offering. The Offering is expected to close on November 13, 2014, subject to customary closing conditions.
Rochelle Park, NJ, November 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today an underwritten registered public offering (the “Offering”), subject to market and other conditions, of its shares of common stock, par value $0.001 per share, up to an aggregate sales price of $72 million. ORBCOMM will receive all of the net proceeds from the Offering.
Rochelle Park, NJ, November 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has entered into a definitive agreement to acquire SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat (LSE: ISAT.L) global L-band satellite network, for $130 million. Based in Ottawa, Canada, SkyWave has more than 250,000 subscriber units, 400 channel partners, an estimated annualized $60 million in revenues and over $12 million in Adjusted EBITDA.
Rochelle Park, NJ, October 28, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that one of the nation’s largest retail fleets has selected ORBCOMM to deliver 16,000 dual-mode tracking and monitoring solutions across its mixed fleet of dry and refrigerated trailers.
Rochelle Park, NJ, October 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has entered into a multi-facility Credit Agreement providing up to $160 million with Macquarie Group (Macquarie). As part of the Credit Agreement, ORBCOMM will have access to a $70 million initial term loan facility, a revolving credit facility for up to $10 million as well as acquisition term loan facilities for up to $80 million for potential growth opportunities.
Rochelle Park, NJ, October 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the launch of its GT 1100 Chassis Tracking Solution (CTS) to the transportation and distribution industry at the American Trucking Association Management Conference & Exhibition from October 4-7 in San Diego, CA.
Rochelle Park, NJ, September 23, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has been chosen as one of Connected World magazine’s select 2015 CW 100, an annual ranking of the technology leaders based on their contributions to the connected devices marketplace.
Rochelle Park, NJ, September 21, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, and TMW Systems, Inc. (TMW), a leading provider of enterprise transportation management software, today announced the successful integration of ORBCOMM’s transportation management system (TMS) with the TruckMate® dispatch software application from TMW Systems.
Rochelle Park, NJ, September 15, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has launched commercial service for its first six next generation OG2 satellites. ORBCOMM’s advanced OG2 satellites are providing both M2M messaging and Automatic Identification System (AIS) service for its global customers. ORBCOMM successfully launched the first six OG2 satellites on July 14, 2014, aboard a dedicated SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, FL.
Carol Stream, IL, September 11, 2014 – oday, Connected World magazine, connectedworld.com, releases its prestigious 2015 CW 100, an annual ranking of the technology leaders based on their contributions to the connected devices marketplace.
Rochelle Park, NJ, August 8, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Robert Costantini, will be presenting at the 34th Annual Canaccord Genuity Growth Conference at the InterContinental Boston in Boston, Massachusetts.
Rochelle Park, NJ, August 7, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the second quarter ended June 30, 2014.
HIGHLIGHTS
Successful Launch of 6 Next Generation Satellites
Total Revenues of $24.3 million Increased 31%
Adjusted EBITDA of $5.1 million Increased 24%
Rochelle Park, NJ, August 5, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has been selected by Decker Truckline, Inc. (Decker) to provide an industry-leading tracking and monitoring solution for its fleet of 800 refrigerated trailers. Founded in 1931, Decker is a diversified carrier, transporting flatbed, refrigerated and dry van freight throughout North America.
Rochelle Park, NJ, July 29, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Mahd Telecom, ORBCOMM’s Muscat, Oman-based national service provider partner for Oman and other Gulf Cooperation Council (GCC) countries, has been granted regulatory approval to provide ORBCOMM services in Oman.
Rochelle Park, NJ, July 14, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has successfully launched six next generation OG2 satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, Florida at 11:15 am EDT. The OG2 satellites were successfully separated from the Falcon 9 launch vehicle into the proper insertion orbit.
Rochelle Park, NJ, July 10, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its GT 1100 solution has won a 2014 M2M Evolution Asset Tracking Award from M2M Evolution Magazine, the leading publication covering the M2M movement. The award honors excellence in innovation utilizing M2M technologies to automate the asset tracking functions to increase efficiencies, reduce theft or optimize utilization of the asset.
Rochelle Park, NJ, July 8, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Swing Transport Inc. (Swing Transport) has selected ORBCOMM to deliver a comprehensive trailer tracking solution for its fleet of more than 1,000 dry van trailers. ORBCOMM’s solution will provide wireless connectivity through ORBCOMM’s state-of-the-art hardware and a robust, web-based analytics platform for fleet management.
Norwalk, CT, November 7, 2014 – TMC, a global, integrated media company helping clients build communities in print, in person and online, announced today the recipients of the 2014 M2M Evolution Asset Tracking Award. The award honors excellence in innovation utilizing M2M (machine-to-machine) technologies to automate the asset tracking functions to increase efficiencies, reduce theft, or optimize utilization of the asset. Award recipients include ORBCOMM's GT 1100
Rochelle Park, NJ, July 1, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, received the EY Entrepreneur Of The Year™ 2014 New Jersey Award in the Communications and Marketing category. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.
Rochelle Park, NJ, June 2, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its GT 2300 intermodal container tracking and monitoring solution has won the 2014 Product of the Year Award from M2M Evolution Magazine. The award honors the most innovative systems and solutions in M2M technology that deliver information regardless of proximity.
Rochelle Park, NJ, May 22, 2014 – EY today announced the finalists for EY Entrepreneur Of The Year™ 2014 in the New Jersey Region. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. The list includes Marc Eisenberg, ORBCOMM's Chief Executive Officer
Rochelle Park, NJ, March 8, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the first quarter ended March 31, 2014.
HIGHLIGHTS
Total Revenues Increased 16%
Adjusted EBITDA of $3.6 million excluding
Acquisition Related Costs
Subscriber Communicators Increased by 26,000
to 889,000
First OG2 Mission Launch Scheduled for May
10, 2014 from Cape Canaveral, FL
Rochelle Park, NJ, May 7, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it will offer its portfolio of M2M solutions to government customers under Corp Ten’s General Services Administration (GSA) schedule. A long-time ORBCOMM partner, Corp Ten is a leading provider of integrated GPS tracking and information management solutions for the federal government.
Rochelle Park, NJ, April 30, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it will launch six next generation OG2 satellites from Cape Canaveral Air Force Base in Florida aboard a dedicated SpaceX Falcon 9 rocket scheduled for the morning of May 10, 2014.
Rochelle Park, NJ, April 22, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, announced that its partner, Savi Technology (Savi), has been awarded a five-year U.S. Department of Defense contract as the sole provider to the $204 million RFID-IV program, which currently has a $102 million ceiling.
Rochelle Park, NJ, April 16, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has relocated its Innovation and Network Control Center to a newly renovated facility just minutes from its current location in Dulles, VA, on April 14, 2014.
Rochelle Park, NJ, March 13, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2013.
HIGHLIGHTS
Total Revenues of $74.2 Million for 2013, Increasing 15.1% Over Prior Year
Adjusted EBITDA of $4.4 million in the 4th Quarter
Subscriber Communicators Increased by 104,000 in 2013
Acquires Europe’s cold chain market leader
Rochelle Park, NJ, March 12, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Euroscan Holdings, B.V. (Euroscan), a leading global supplier of refrigerated transportation temperature compliance recording systems. Based in the Netherlands, Euroscan’s integrated turn-key systems are used worldwide to ensure the safe and secure transportation of food and pharmaceuticals by monitoring and assuring temperature compliance throughout the supply chain.
Rochelle Park, NJ, March 4, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the availability of its next generation OG2 satellite modems, which are ideal for Original Equipment Manufacturer (OEM) integration into satellite M2M applications targeted for the transportation & distribution, heavy equipment, oil & gas, and government markets.
Rochelle Park, NJ, January 21, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has been approved as a Rogers Supported Reseller (RSR). The premier RSR program allows ORBCOMM to work cooperatively with Rogers to market ORBCOMM’s suite of M2M asset tracking and monitoring solutions using Rogers’ wireless communications network in the Canadian market.
Rochelle Park, NJ, January 17, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today that it priced its underwritten registered public offering (“Offering”), subject to market and other conditions, of 5,500,000 shares of its common stock, par value $0.001 per share, at a price of $6.15 per share. In connection with the Offering, ORBCOMM has granted the underwriters an over-allotment option to purchase up to 825,000 additional shares of its common stock. ORBCOMM is offering all of the shares and will receive all the net proceeds of the Offering. The Offering is expected to close on January 23, 2014, subject to customary closing conditions.
Rochelle Park, NJ, January 16, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today an underwritten registered public offering (“Offering”), subject to market and other conditions, of 5,500,000 shares of its common stock, par value $0.001 per share. In connection with the Offering, ORBCOMM intends to grant the underwriters an over-allotment option to purchase up to 825,000 additional shares of its common stock. ORBCOMM is offering all of the shares and will receive all the net proceeds of the Offering.
Rochelle Park, NJ, December 17, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced a multi-year agreement withHub Group, Inc. (Hub Group) (Nasdaq: HUBG) to deploy ORBCOMM’s GT 2300state-of-the-art intermodal container tracking and monitoring platform.
Rochelle Park, NJ, November 20, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced an agreement with Telefonica Digital (Telefonica), one of the world’s largest telecommunications companies, that enables ORBCOMM to offer Telefonica’s GSM cellular communications service for ORBCOMM’s M2M applications across multiple vertical markets worldwide.
Rochelle Park, NJ, November 7, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the third quarter ended September 30, 2013.
HIGHLIGHTS
Total Revenues of $19.7 million, Increasing 22.4% Over Prior Year
Adjusted EBITDA of $3.5 million, $4.3 Million Ex-Acquisition Related Costs
Subscriber Communicators Increased by 27,000
Strategic Alliance Formed with Inmarsat to Collaborate on M2M Opportunities
Expands Satellite Offerings with Acquisition of SENS Asset Tracking Operation
Rochelle Park, NJ, November 4, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, and Inmarsat (LSE: ISAT.L), the leading provider of global mobile satellite communications services, today announced a strategic alliance to collaborate on joint product development and distribution to address the needs of the rapidly growing satellite M2M market. In addition, they will investigate opportunities for future satellite network expansion and integration.
Rochelle Park, NJ, October 22, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the commercial launch of its GT 1100 trailer tracking solution to the transportation and distribution industry at the American Trucking Association (ATA) Management Conference & Exhibition from October 19-22 in Orlando, FL. Recognized as the winner of CTIA’s 2013 E-Tech Award for Innovation in M2M, the GT 1100 is ORBCOMM’s first self-powered M2M asset tracking and monitoring solution.
Rochelle Park, NJ, October 10, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, and Savi Technology (Savi), a leading provider of sensor-based analytics and radio-frequency identification (RFID) solutions, today announced a strategic relationship to provide advanced location-based monitoring solutions to government and commercial markets.
Rochelle Park, NJ, October 1, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Comtech Mobile Datacom Corporation’s (Comtech) Sensor Enabled Notification System (SENS) operation, which includes satellite hardware, network technology and web platforms. SENS is a market leader in providing one-way satellite products and services to more than 20,000 subscribers worldwide.
Rochelle Park, NJ, September 19, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced its StarTrak division has been selected by John Christner Trucking, LLC (John Christner) to provide an industry-leading two-way tracking and monitoring solution for its nationwide fleet of refrigerated rail and over-the-road (OTR) trailers.
Rochelle Park, NJ, September 19, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Robert Costantini, will be presenting at the 4th Annual Craig-Hallum Alpha Select Conference at the Convene Conference Center in New York City, New York.
Rochelle Park, NJ, September 12, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Ryder System, Inc. (Ryder) has selected ORBCOMM to deliver a comprehensive telematics systems solution tailored for Ryder’s fleet of more than 30,000 dry van, refrigerated and flatbed trailers.
Rochelle Park, NJ, September 4, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Doosan Infracore Co. Ltd. (Doosan) has selected ORBCOMM to deliver an end-to-end telematics solution tailored for Doosan as well as their customers and dealers for global deployment.
Rochelle Park, NJ, August 8, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced financial results for the second quarter ended June 30, 2013.
HIGHLIGHTS
Total Revenues of $18.6 million, Increasing 13.7% Over Prior Year
Finalizing Development to Deploy Worldwide Telematics Solution for Major OEM
Net Income of $1.7 Million or $0.04 Per Share
Base of Subscribers Surpasses 800,000 Subs
Launches New Portfolio of Asset Tracking and Monitoring Devices
Rochelle Park, NJ, July 25, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its GlobalTrak division has completed the shipment of its state-of-the-art fuel monitoring system, which is designed to prevent theft of mission-critical fuel used by U.S. and NATO forces in Afghanistan. A team has been deployed to manage on-site installation and launch of this system.
Rochelle Park, NJ, June 6, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the availability of a complete end-to-end telematics solution for the heavy equipment industry. Leveraging the strategic acquisition of MobileNet, Inc. as well as long-time partnerships with Quake Global, Inc. (Quake) and Tier One wireless carriers, AT&T, Rogers, T-Mobile, and Vodafone, ORBCOMM is delivering a best-of-breed dual-mode solution.
Rochelle Park, NJ, May 29, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Cartrack (Pty) Ltd. (Cartrack) has selected ORBCOMM to provide satellite data communication services to extend its current range of GSM logistics and telematics solutions. Cartrack will distribute the high-performance fleet management solution throughout the African continent via its growing brand and dealer network. (Hub Group) (Nasdaq: HUBG) to deploy ORBCOMM’s GT 2300state-of-the-art intermodal container tracking and monitoring platform.
Rochelle Park, NJ, May 22, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its GT 1100, a self-powered M2M asset tracking and monitoring device, was named the winner in the M2M, Sensors, RFID, & NFC category of CTIA’s 2013 Emerging Technology (E-Tech) Awards.
Rochelle Park, NJ, May 20, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced the availability of four innovative asset tracking and monitoring devices targeted for the transportation and logistics market. This comprehensive product portfolio includes the GT 1000, GT 1200, GT 2000, and RT 6000+, all of which complement the recently announced GT 1100, ORBCOMM’s first self-powered M2M device for intermodal container and trailer tracking and monitoring.
Rochelle Park, NJ, May 16, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of satellite and cellular-based Machine-to-Machine (M2M) solutions, today announced the availability of the ORBCOMM GT 1100, a self-powered M2M asset tracking and monitoring device targeted for a variety of global markets including transportation and logistics, heavy equipment and oil and gas.
Rochelle Park, NJ, May 9, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced financial results for the first quarter ended March 31, 2013.
HIGHLIGHTS
Adjusted EBITDA of $3.2 million - Includes Acquisition-Related Costs of $0.4 million and Other Non-Recurring Items
Net Income of $1.1 Million or $0.02 Per Share
Multiple New Customer Signings
Rochelle Park, NJ, May 8, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its state-of-the-art ReeferTrak® platform has been selected by seven new domestic and international transportation and logistics companies. ReeferTrak® is an industry-leading application that enables customers to proactively monitor, manage and remotely control their refrigerated transport assets.
Rochelle Park, NJ, May 7, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that Berg Insight’s May 2013 Container Tracking and Security Report stated, “The satellite communication provider ORBCOMM has after the recent acquisitions of StarTrak, PAR LMS and GlobalTrak emerged as the largest vendor of intermodal container tracking solutions featuring GPRS or satellite communication.”
Rochelle Park, NJ, May 7, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its satellite data communications services are now available in Belize, Cayman Islands, Trinidad and Tobago, Turks & Caicos, and the British Virgin Islands.
Rochelle Park, NJ, April 3, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in the Machine-to-Machine (M2M) marketplace, today announced that it has completed the acquisition of substantially all of the assets of the GlobalTrak division of System Planning Corporation (GlobalTrak) and MobileNet, Inc. (MobileNet). The GlobalTrak and MobileNet acquisitions accelerate ORBCOMM’s growth strategy of expanding its end-to-end solutions portfolio into key vertical markets and geographic regions.
Rochelle Park, NJ, March 26, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that it is working with Kobelco Construction Machinery Co. Ltd. (KCM) on a global telematics application.
Rochelle Park, NJ, March 14, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in Machine-to-Machine (M2M) communications and solutions, today announced that it has entered into an agreement with System Planning Corporation to acquire substantially all of the assets of its GlobalTrak division. GlobalTrak is an information services company that utilizes satellite and cellular communications networks, sensors and proprietary software platforms to provide real-time situational awareness and intelligence to improve logistics and security processes and operations on a global basis. GlobalTrak’s customer base includes military, international, government, and commercial customers.
Rochelle Park, NJ, March 14, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in Machine-to-Machine (M2M) communications and solutions, today announced that it has entered into an agreement to acquire substantially all of the assets of MobileNet, Inc. (MobileNet), a leader of satellite and cellular-based telematics solutions for monitoring heavy equipment and assets that support the rail industry as well as being a long-time ORBCOMM value-added reseller.
Rochelle Park, NJ, March 14, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications, today announced financial results for the fourth quarter and full year ended December 31, 2012.
HIGHLIGHTS
Adjusted EBITDA of $16.7 Million for 2012 and $4.2 Million in the 4th Quarter
Net Income of $8.7 Million or $0.19 Per Share for 2012 Compared to Breakeven for 2011
Service Revenues Increased 31% for 2012
Two New Global Heavy Equipment OEM Partners
Acquisitions Expand End-To-End Solution Offerings in Two Key Vertical Markets
Rochelle Park, NJ, March 12, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Sumitomo Construction Machinery Co., Ltd. (Sumitomo) has selected ORBCOMM to provide wireless data connectivity for their global Original Equipment Manufacturers (OEM) telematics solution.
Rochelle Park, NJ, February 25, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Robert Costantini, will be presenting at the 34th Annual Raymond James Institutional Investors Conference at the JW Marriott Orlando, Grande Lakes in Orlando, Florida.
Fort Lee, NJ, February 15, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications, today announced that it will be relocating its corporate headquarters from Fort Lee, New Jersey to Rochelle Park, New Jersey on February 19, 2013.
Fort Lee, NJ, January 7, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications, today announced that it completed a debt financing in the form of a five-year term loan through a Senior Secured Note Agreement in the principal amount of $45 million with AIG Asset Management (U.S.), LLC.
Fort Lee, NJ, January 2, 2013 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Robert Costantini, will be presenting at Sidoti’s Micro-Cap Conference at the Grand Hyatt in New York, New York. ORBCOMM will be presenting on Monday, January 7, 2013 at 8:00 AM ET.
London, 05 December 2012 – Pole Star Space Applications announced today that it plans to incorporate satellite Automatic Identification System (AIS) data provided by ORBCOMM Inc. (Nasdaq: ORBC) into its complete range of commercial maritime, Long Range Identification and Tracking (LRIT) and fisheries management solutions.
Fort Lee, NJ, November 8, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications, today announced financial results for the third quarter ended September 30, 2012.
HIGHLIGHTS
Service Revenues Increased 23%; Subscribers Increased by 29,000 to 744,000
Net Income of $2.3 Million or $0.05 per Share
59% Increase in Adjusted EBITDA to $4.3 Million
Fort Lee, NJ, October 11, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications,today announced that the single prototype of its second generation of satellites (OG2), launched as a secondary mission payload on the Cargo Re-Supply Services (CRS-1) mission of October 7, 2012, verified various functionality checkouts prior to its deorbit.
Fort Lee, NJ, October 8, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that the first prototype of its second generation of satellites (OG2) was launched on the Cargo Re-Supply Services (CRS-1) mission aboard the SpaceX Falcon 9 launch vehicle from Cape Canaveral, FL, on October 7, 2012 at 8:35 pm EST.
Fort Lee, NJ, September 25, 2012 –ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that the first prototype of ORBCOMM’s second generation (OG2) of satellites has completed testing and was shipped from Sierra Nevada Corporation’s (SNC) Integration and Test Facility in Louisville, CO, and arrived at the launch site in Cape Canaveral, FL.
Fort Lee, NJ, September 25, 2012 – StarTrak Information Technologies, LLC, a wholly-owned subsidiary of ORBCOMM Inc. (Nasdaq: ORBC), and a leading provider of telematics solutions for the transport and logistics industries, and TMW Systems, Inc., the leading provider of transportation management software to transportation and logistics companies, today confirmed the successful implementation of StarTrak’s ReeferTrak® application with TMWSuite® at joint customer, Lessors, Inc.
Fort Lee, NJ, September 20, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Robert Costantini, will present at the Craig-Hallum 2012 Alpha Select Conference on Thursday, September 27, 2012 at 12:50 PM, ET.
Fort Lee, NJ, September 4, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and inthinc Technology Solutions Inc. (inthinc), a global provider of telematics, fleet management and driver safety solutions, today announced an agreement for ORBCOMM to provide wireless data services for inthinc’s breakthrough technology applications in the heavy equipment, oil & gas and commercial fleet industries in the United States.
Fort Lee, NJ, August 9, 2012 – Sierra Nevada Corporation’s(SNC) Space Systems has successfully completed random vibration and thermal vacuum testing of ORBCOMM Inc.’s (Nasdaq: ORBC) Generation 2 (OG2) prototype spacecraft at SNC’s Space Systems facility in Louisville, Colo. The vibration and thermal vacuum testing is considered to be the most critical set of tests prior to launch. With testing complete, the spacecraft is now scheduled to be launched in conjunction with SpaceX’s first Cargo Re-supply Services mission to the International Space Station on the next Falcon-9 launch vehicle.
Fort Lee, NJ, August 9, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced financial results for the second quarter ended June 30, 2012.
Fort Lee, NJ, June 18, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, announces the award of a multi-year framework contract with the European Maritime Safety Agency (EMSA) through ORBCOMM’s partner, LuxSpace Sarl (LuxSpace), an affiliate of OHB System AG. ORBCOMM and LuxSpace will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts to EMSA for designated regions and specific maritime projects.
Fort Lee, NJ, June 7, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, announced that its Chief Executive Officer, Marc Eisenberg and Chief Financial Officer, Robert Costantini, will present at the Sidoti & Company, LLC’s Semi-Annual NY Micro Cap Conference on Thursday June 14, 2012 at 2:40 PM ET.
Fort Lee, NJ, May 10, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced financial results for the first quarter ended March 31, 2012.
HIGHLIGHTS
Total Revenues Increase 101% and Service Revenues Increase 56%
Net Income of $2.4 Million or $0.05 Per Share
Adjusted EBITDA of $4.2 Million
Subscribers Increase by 42,000
Fort Lee, NJ, March 15, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced financial results for the fourth quarter and full year ended December 31, 2011.
Fort Lee, NJ, February 29, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, announced that its Chief Executive Officer, Marc Eisenberg and Chief Financial Officer, Robert Costantini, will present at the Raymond James’ 33rd Annual Institutional Investors Conference on Monday, March 5, 2012 at 3:25 PM, ET.
Fort Lee, NJ, January 12, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that it has completed the acquisition of the assets of PAR Logistics Management Systems (PAR LMS), a PAR Technology Corporation (NYSE: PAR) subsidiary. PAR LMS is a leading provider of advanced solutions for monitoring transport assets and cargo in the transportation and distribution industries.
Fort Lee, NJ, January 9, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced the successful launch of VesselSat2, an Automatic Identification Service (AIS) enabled satellite built by LuxSpace Sarl (LuxSpace), an affiliate of OHB System AG. VesselSat2 was launched by the China Great Wall Industry Corporation from the Tiayuan Satellite Launch Center (TSLC) in the Shanxi Province of the People's Republic of China on January 8, 2012 at 10:17 PM EST.
Fort Lee, NJ, January 6, 2012 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Globalis S.A. (Globalis) has deployed an ORBCOMM-enabled dual-mode solution to track and monitor the fleet of trucks providing communications support and emergency assistance to participants of the world-famous DAKAR 2012 motorsport event in South America
Fort Lee, NJ, December 28, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and PAR Technology Corporation (NYSE: PAR), a leading provider of hospitality technology and services, today announced that they have entered into a definitive agreement under which ORBCOMM will acquire the assets of PAR’s subsidiary, PAR Logistics Management Systems (PAR LMS). PAR LMS is a leading provider of advanced solutions for monitoring transport assets and cargo in the transportation and distribution industries.
Fort Lee, NJ, December 28, 2011 – ORBCOMM Inc. (Nasdaq: ORBC) and Space Exploration Technologies (SpaceX) today announced the launch schedule for ORBCOMM's second generation (OG2) satellites. The updated plan includes launching the first OG2 prototype satellite on the first Cargo Re-supply Services (CRS) mission in mid-2012, followed closely by an additional launch of two OG2 satellites into a high inclination orbit as a secondary payload in late 2012.
Fort Lee, NJ, December 27, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that LuxSpace Sarl (LuxSpace), an affiliate of OHB System AG, has confirmed that construction and testing of the LuxSpace VesselSat2 AIS satellite has been successfully completed.
Fort Lee, NJ, December 2, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on providing Machine to Machine (M2M) solutions, today announced that its Chief Executive Officer, Marc Eisenberg, and Chief Financial Officer, Robert Costantini, will be presenting at UBS's 39th Annual Global Media & Communications Conference at the Grand Hyatt in New York, New York.
Fort Lee, NJ, November 9, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced financial results for the third quarter ended September 30, 2011.
Fort Lee, NJ, October 13, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and business analytics expert, Locus Traxx, today announced that they will utilize the GSM communications service provided by global telecommunications provider, Vodafone, and ORBCOMM’s low-Earth orbit (LEO) satellite network to support Locus Traxx’s dual-mode SmartTraxxTM shipment monitoring, reporting and alerts solution.
Fort Lee, NJ, October 12, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced the successful launch of VesselSat1, an Automatic Identification Service (AIS) enabled satellite built by LuxSpace Sarl (LuxSpace), an affiliate of OHB System AG. VesselSat1 launched from the Indian Space Research Organization’s (ISRO) launch pad at Sriharikota in Andhra Pradesh near the Bay of the Bengal at 1:30 AM EST. The satellite has been successfully separated from the PSLV launch vehicle in a proper equatorial orbit.
Fort Lee, NJ, October 6, 2011 –ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that it will host the 2011 Global Solutions Conference at the Park Hyatt Aviara in Carlsbad, CA from October 12-14.
Fort Lee, NJ, October 3, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, announced that its Chief Executive Officer, Marc Eisenberg and Chief Financial Officer, Robert Costantini, will present at the Craig-Hallum 2011 Alpha Select Conference on Thursday, October 6, 2011 at 10:00 AM, ET.
Fort Lee, NJ, September 21, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and Camgian Microsystems Corporation (Camgian), a provider of advanced M2M networking technologies and solutions, today announced a marketing agreement to supply Quantus, an M2M supply chain solution enabled by the ORBCOMM network, to the industrial market.
Fort Lee, NJ, September 14, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Elon Musk, well-known high-tech visionary, entrepreneur and philanthropist, will serve as a keynote speaker at ORBCOMM’s 2011 Global Solutions Conference at the Park Hyatt Aviara in Carlsbad, CA, from October 12-14. Mr. Musk will join Captain James Lovell, NASA legend and commander of Apollo 13, who will also be a keynote speaker at the conference.
Fort Lee, NJ, September 13, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that LuxSpace Sarl (LuxSpace), an affiliate of OHB System AG, has confirmed that construction and testing of the LuxSpace VesselSat1 AIS satellite has been successfully completed, and the spacecraft has been shipped to the Indian Space Research Organization’s (ISRO) launch pad at Sriharikota in Andhra Pradesh off the Bay of the Bengal. The target launch date is set for October 12, 2011.
Fort Lee, NJ, August 9, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced financial results for the second quarter ended June 30, 2011.
Fort Lee, NJ, August 3, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Captain James Lovell, NASA legend and commander of Apollo 13, will serve as the keynote speaker at ORBCOMM’s 2011 Global Solutions Conference at the Park Hyatt Aviara in Carlsbad, CA, from October 12-14.
Fort Lee, NJ, July 13, 2011 – StarTrak Information Technologies, LLC, a wholly-owned subsidiary of ORBCOMM Inc. (Nasdaq: ORBC), a leading provider of wireless asset and GPS tracking and monitoring products and services for the refrigerated transport market, today announced that Hirschbach Motor Lines Inc. has begun full deployment of StarTrak’s two-way communication reefer management system, Sentry.
Fort Lee, NJ, July 12, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Novus International, Inc. (Novus), a global leader in animal nutrition and health, has received the American Feed Industry Association’s (AFIA) first-ever Information Technology (IT) Innovation Award for their bulk liquid inventory management solution enabled by ORBCOMM’s satellite network.
Fort Lee, NJ, June 9, 2011 – Axeda Corporation honored the best of the best in M2M at its 2011 Axeda® M2Me™ awards dinner last evening. The annual Axeda Connexion awards program recognizes the companies and individuals building the most innovative solutions on the Axeda M2M cloud platform. “As the M2M market rapidly evolves, our awards program gets increasingly competitive,” said Mary Wells, CMO, Axeda.
Fort Lee, NJ, May 26, 2011 –ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Field Intelligence, Inc. and Controls, Inc. have partnered to provide a global monitoring solution for the multi-billion dollar diesel and natural gas engine market using ORBCOMM’s satellite communications services.
Fort Lee, NJ, May 19, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that it has signed a Memorandum of Understanding (MOU) with Taiwan’s Council for Economic Planning and Development to assist in its plans to enter the Taiwan market through potential partnership with local telecommunications and shipping companies.
Fort Lee, NJ, May 17, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, today announced the completion of the acquisition of substantially all of the assets of StarTrak Systems, LLC from Alanco Technologies, Inc.
Fort Lee, NJ, May 10, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, today announced financial results for the first quarter ended March 31, 2011.
Fort Lee, NJ, April 26, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that its two-way satellite data communications services are now authorized in Ecuador.
Woodridge, IL, March 22, 2011 – he Morey Corporation (MOREY) today announced the formation of the Rugged Telematics Alliance, a group of seven companies, each best-of-breed in their respective industries, committed to providing Original Equipment Manufacturers (OEMs) and other enterprises in the Heavy Vehicle & Equipment space with a turnkey telematics solution that will generate visibility, efficiency and cost savings.
Fort Lee, NJ, March 16, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, today announced financial results for the full year and fourth quarter ended December 31, 2010.
Fort Lee, NJ, March 14, 2011 – Falcon 9 is a two-stage launch vehicle powered by liquid oxygen and rocket grade kerosene (RP-1) capable of delivering 10,450 kg (23,050 lb) to low-Earth orbit and 4,540 kg (10,000 lb) to geosynchronous transfer orbit (GTO).
Fort Lee, NJ, March 3, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, announced that its Chief Financial Officer, Robert Costantini, will present at the 32nd Annual Raymond James Institutional Investor Conference on Wednesday, March 9, 2010 at 8:40 AM, ET.
Fort Lee, NJ, February 24, 2011 – ORBCOMM Inc. (Nasdaq: ORBC) and Alanco Technologies Inc. (Nasdaq: ALAN) announced today that ORBCOMM has entered into a definitive agreement with Alanco to acquire the assets of its StarTrak Systems, LLC (StarTrak) subsidiary, an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market.
Fort Lee, NJ, February 17, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that GeoDecisions has selected ORBCOMM to provide global satellite and cellular communications for GeoILS, its innovative, Web-based portal based on IRRIS technology that supports transportation security and logistics for federal and state agencies as well as the private sector.
Fort Lee, NJ, January 12, 2011 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that Globalis S.A. (Globalis) has currently deployed an ORBCOMM-enabled dual-mode solution to track and monitor the fleet of trucks providing communications support and emergency assistance to participants of the world-famous DAKAR 2011 motorsport event in South America.
Fort Lee, NJ, December 2, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, today announced that Camgian Microsystems Corporation (Camgian) has selected ORBCOMM to provide a global communications platform for Quantum, its industrial asset monitoring solution.
Fort Lee, NJ, November 9, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services, today announced financial results for the third quarter ended September 30, 2010.
Fort Lee, NJ, November 3, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services, today announced that it has commissioned the South African Gateway Earth Station (GES) into operation.
Fort Lee, NJ, October 7, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services, today announced that is has been chosen as one of Connected World magazine’s 2010 CW 100, a prestigious list of the most innovative technology providers of M2M and connected devices.
Fort Lee, NJ, September 30, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services, announced that its Chief Executive Officer, Marc Eisenberg and Chief Financial Officer, Robert Costantini, will present at the Craig-Hallum 2010 Alpha Select Conference on Wednesday, October 6, 2010 at 9:05 AM, ET.
Fort Lee, NJ, September 28, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services, today announced ORBCOMM Inc. and OHB System AG, entered into an agreement to build and launch two AIS enabled satellites.
Fort Lee, NJ, August 24, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications, today announced that Caterpillar Inc. has renewed its agreement with ORBCOMM for satellite communication services for Product Link, their heavy equipment telematics solution.
Fort Lee, NJ, August 9, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data commu-nications company focusing on two-way Machine-to-Machine (M2M) communications and a lead-ing provider of space-based Automatic Identification System (AIS) services, today announced that it has entered into an agreement to sell the assets of Stellar Satellite Communications LTD., a whol-ly-owned subsidiary that sells satellite hardware, to Quake Global, Inc., a leading manufacturer of M2M based satellite and terrestrial communicators
Fort Lee, NJ, August 9, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focusing on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services, today announced financial results for the second quarter ended June 30, 2010.
Fort Lee, NJ, July 7, 2010 – ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on providing Machine to Machine (M2M) connectivity, today announced that Komatsu Ltd. has entered into an agreement with ORBCOMM to continue providing wireless data services for their heavy equipment telematics applications