|By Business Wire||
|June 2, 2014 12:15 PM EDT||
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.
ORBCOMM’s GT 2300 is a self-powered device with cellular communications and GPS capability that provides valuable insight into the location, status, movement, loading, and unloading of dry intermodal containers. This unique device is designed to fit internally within the container corrugations to avoid damage during cargo loading, unloading and movement. ORBCOMM’s GT 2300 is the first device of its kind to use customizable reporting profiles to optimize critical data delivery and power management for years of battery life. By leveraging advanced telematics capabilities integrated with intermodal order and event information systems, container operators can utilize this solution to maximize the performance of their operations.
“We are honored that ORBCOMM’s GT 2300 solution has won this important M2M industry award and that our continued innovation and expertise in developing breakthrough asset tracking and monitoring technology has been recognized,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “We see a significant need in the market for a solution with these key attributes enabling optimal logistics management while maximizing battery efficiency.”
This prestigious award from M2M Evolution Magazine reinforces ORBCOMM’s position as the leader in intermodal container tracking solutions featuring GPRS or satellite communication as stated in Berg Insight’s 2013 Container Tracking and Security Report.
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, I.D. Systems, Inc., Komatsu Ltd., Cartrack (Pty.) Ltd., and Volvo Construction Equipment, among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure as well as our Tier One cellular partners, ORBCOMM’s low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in our core markets: commercial transportation; heavy equipment; industrial fixed assets; marine; and homeland security.
ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the transportation market. Under its ReeferTrak®, GenTrakTM, GlobalTrak®, and CargoWatch® brands, the company provides customers with the ability to proactively monitor, manage and remotely control their cold chain and dry transport assets. Additionally, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. ORBCOMM is headquartered in Rochelle Park, New Jersey and has its Innovation & Network Control Center in Sterling, Virginia. For more information, visit www.orbcomm.com.
Certain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Such forward-looking statements, including those concerning the Company’s expectations, are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from the results, projected, expected or implied by the forward-looking statements, some of which are beyond the Company’s control, that may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, specific consideration should be given to various factors described in Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2013, and other documents, on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise any forward-looking statements or cautionary factors, except as required by law.
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