ORBCOMM Wins Two 2016 IoT Evolution Asset Tracking Awards
September 27 2016 - 8:30AM
Business Wire
Company’s cargo security and cold chain
monitoring solutions honored for excellence in IoT
innovation
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.
ORBCOMM’s CargoWatch Secure is a powerful cargo security
solution that provides enhanced visibility of assets in-transit and
in-storage as well as complete asset lifecycle awareness.
CargoWatch Secure supports management via dashboards, KPIs, and the
ability to detect and correct supply chain anomalies in real-time.
By providing greater visibility and awareness, such as transforming
trip data into billing and insurance records, customers can quickly
manage accounts payable, complete audits and answer end-user
inquiries.
Trusted by the biggest names in the refrigerated transportation
industry, ORBCOMM offers the solution of choice for cold chain
management. ORBCOMM’s cold chain solution is optimized to work with
its state-of-the-art reefer monitoring devices to provide the
reports, events and alarms needed to reduce fleet operating costs
and ensure regulatory compliance. From small truck fleets to
multi-temperature/multi-zone trailers, ORBCOMM protects assets and
the cargo they carry by providing complete control of the cold
chain environment. In addition, the ORBCOMMmobile app makes it
possible for customers to manage refrigerated assets on the go,
including tracking the location of assets in real-time, viewing
reefer status and maintenance reports, monitoring and controlling
reefer temperature, viewing temperature graphs and more, from any
mobile device.
“It’s always a great honor when our smart IoT solutions are
recognized by the IoT Evolution Asset Tracking Awards for making an
impact on technology advancement in the industry and for bringing
unique and meaningful advantages to our global customers,” said
Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our continued
focus is enabling our customers to do business better by
integrating our ROI-driven products and services, whether it’s
providing them with visibility into the supply chain, cost savings
through operational efficiency or premier customer service from
installation to deployment and beyond.”
“We have a great ecosystem at the heart of IoT, and the IoT
Evolution Asset Tracking Award highlights innovation within asset
management,” said Carl Ford, CEO & Community Developer for IoT
Evolution. “In selecting the winners, I have been impressed with
the ingenuity and real-world application of the award-winning
products.”
The winners of the 2016 IoT Evolution Asset Tracking Awards will
be published in the third quarter edition of IoT Evolution magazine
and on www.IoTevolutionworld.com.
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of
Machine-to-Machine (M2M) communication solutions and the only
commercial satellite network dedicated to M2M. ORBCOMM’s unique
combination of global satellite, cellular and dual-mode network
connectivity, hardware, web reporting applications and software is
the M2M industry’s most complete service offering. Our solutions
are designed to remotely track, monitor, and control fixed and
mobile assets in core vertical markets including transportation
& distribution, heavy equipment, industrial fixed assets, oil
& gas, maritime, mining and government.
With nearly 20 years of innovation and expertise in M2M, ORBCOMM
has more than 1.6 million subscribers with a diverse customer base
including premier OEMs such as Caterpillar Inc., Doosan Infracore
America, Hitachi Construction Machinery Co., Ltd., John Deere,
Komatsu Ltd., and Volvo Construction Equipment, as well as
end-to-end solutions customers such as C&S Wholesale, Canadian
National Railways, CR England, Hub Group, KLLM Transport Services,
Marten Transport, Swift Transportation, Target, Tropicana, Tyson
Foods, Walmart and Werner Enterprises. For more information, visit
www.orbcomm.com.
Forward-Looking Statements
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, 2015, 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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For Investors:ORBCOMM Inc.Michelle Ferris,
+1-703-433-6516Director of Corporate
Communicationsferris.michelle@orbcomm.comorFor Trade
Media:ORBCOMM Inc.Sue Rutherford, +1-613-254-5269VP of
Marketingrutherford.sue@orbcomm.com
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