ORBCOMM and MCN to Offer IDP Service in China
July 11 2017 - 8:30AM
Business Wire
Agreement provides ORBCOMM access into China
to support global enterprises across a wide variety of industrial
IoT markets
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.
“China is an important geographic market for ORBCOMM and our
global customers, and our agreement with MCN is an exciting next
step in broadening the reach of our satellite business and
strengthening our service offering,” said Marc Eisenberg, ORBCOMM’s
Chief Executive Officer. “The combination of MCN’s leading market
presence in China and our powerful IDP service allows us to better
meet our customers’ needs by providing them with the highest and
most reliable level of satellite connectivity and network
coverage.”
“Partnering with ORBCOMM to provide IDP service in China is a
significant breakthrough for both of our companies, and we look
forward to expanding the distribution of ORBCOMM’s IDP service to
customers across many vertical markets,” said Song Zhen, MCN’s Vice
President. “We believe ORBCOMM’s IDP service offers a unique
advantage, especially for the transportation, public service and
government sectors, by enabling enterprises to share more data
across diverse operations and workflow automation, while improving
the security and efficiency of their business.”
ORBCOMM’s IDP service offers enhanced reliability and the
ability to deliver more data than other satellite M2M services in
the market. This allows businesses to share more data across
diverse operations via emails, text messages, electronic forms and
workflow information. The IDP series supports a wide range of
security and location-based M2M services, from heavy equipment
telematics, to tracking and in-cab messaging for fleet management,
to transmitting fixed equipment telemetry information for remote
oil & gas monitoring, to vessel tracking and buoy monitoring in
maritime applications.
ORBCOMM and MCN will be able to market and distribute ORBCOMM’s
IDP service in China immediately. With the addition of China,
ORBCOMM is now able to offer its M2M products and services in more
than 135 countries and territories around the world.
About ORBCOMM Inc.
ORBCOMM (Nasdaq: ORBC) is a global leader and innovator in the
industrial Internet of Things, providing solutions that connect
businesses to their assets to deliver increased visibility and
operational efficiency. The company offers a broad set of asset
monitoring and control solutions, including seamless satellite and
cellular connectivity, unique hardware and powerful applications,
all backed by end-to-end customer support, from installation to
deployment to customer care. ORBCOMM has a diverse customer base
including premier OEMs, solutions customers and channel partners
spanning transportation, supply chain, warehousing and inventory,
heavy equipment, maritime, natural resources, and government. For
more information, visit www.orbcomm.com.
About Beijing Marine Communication Navigation Company
(MCN)
Beijing Marine Communication Navigation Company (MCN) belongs to
China Transport Telecommunication Information Center (CTTIC), which
was founded and authorized by China’s Ministry of Transportation in
1979. MCN joined Inmarsat on behalf of the Chinese government and
is responsible for Inmarsat business operation and solution
management in China. MCN is a leading innovative enterprise in the
domestic satellite communication service business, providing global
all-weather sea, land and aero applications and solutions in the
transportation sector and many other markets. For more information,
visit http://www.bjmcn.com/EN/index.html.
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, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170711005222/en/
For Investors:ORBCOMM Inc.Michelle FerrisDirector of
Corporate Communications+1
703-433-6516ferris.michelle@orbcomm.comorFor Trade
Media:ORBCOMM Inc.Sue RutherfordVP of Marketing+1
613-254-5269rutherford.sue@orbcomm.com
ORBCOMM (NASDAQ:ORBC)
Historical Stock Chart
From Mar 2024 to Apr 2024
ORBCOMM (NASDAQ:ORBC)
Historical Stock Chart
From Apr 2023 to Apr 2024