ORBCOMM Named on Deloitte’s 2016 Technology Fast 500™
November 17 2016 - 10:52AM
Business Wire
Company Recognized for Revenue Growth,
Innovation and Thought Leadership among Nation’s Top Technology
Companies
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.
“It’s a great honor to receive Deloitte’s distinguished award as
it recognizes our leadership position in the IoT industry and
validates our strategy of leveraging continuous in-house technology
innovation and the expansion of our products, capabilities and
market reach through acquisition and partnerships with our fellow
industry leaders,” said Marc Eisenberg, ORBCOMM’s Chief Executive
Officer. “Being ranked on the Fast 500 list again this year is
evidence of the great team we’ve built and our commitment to
providing the IoT industry’s broadest set of solutions that help
our customers have command and control of their assets anywhere in
the world.”
“This year’s Fast 500 winners showcase that when organizations
are open to diverse perspectives and insights, they are able to
create an environment for their employees and customers to see the
possibilities and ingenious solutions that might lie ahead,” added
Jim Atwell, National Managing Partner of the Emerging Growth
Company Practice, Deloitte & Touche LLP. “Entrepreneurial
environments foster change and innovation within businesses, and we
look forward to watching these companies continue to drive change
across all sectors.”
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $50,000 USD, and current-year
operating revenues of at least $5 million USD. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America. Overall, 2016 Technology Fast
500™ companies achieved revenue growth ranging from 121 percent to
66,661 percent from 2012 to 2015, with median growth of 290
percent.
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 1.69 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:Michelle Ferris, +1.703.433.6516ORBCOMM
Inc.Director of Corporate
Communicationsferris.michelle@orbcomm.comorFor Trade
Media:Sue Rutherford, +1 613.254.5269ORBCOMM Inc.VP of
Marketingrutherford.sue@orbcomm.com
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