MarineTraffic Extends Partnership With ORBCOMM for Satellite AIS Data
October 15 2020 - 8:30AM
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.
MarineTraffic, which has been an ORBCOMM partner
since 2013, uses ORBCOMM’s satellite AIS data to track real-time
and historical movements of ships as well as their arrivals and
departures in harbors and ports around the world. MarineTraffic
combines ORBCOMM’s comprehensive AIS data with positional data from
their extensive network of land-based receiving stations to provide
actionable maritime intelligence solutions and improve the maritime
ecosystem. By leveraging ORBCOMM’s reliable, high-performance AIS
service, MarineTraffic helps their government and commercial
customers enable maritime domain awareness, search and rescue,
environmental monitoring and maritime intelligence applications. In
addition, MarineTraffic will explore ORBCOMM’s other monitoring
solutions as part of their efforts to expand their offering for the
shipping industry and provide complete supply-chain visibility.
“We are excited to continue supporting
MarineTraffic’s efforts to improve the overall maritime ecosystem
by harnessing the power of ORBCOMM’s satellite AIS technology,”
said Greg Flessate, ORBCOMM’s Senior Vice President and General
Manager, Government and AIS. “As we collaborate on the next phase
of our partnership, MarineTraffic will be able to leverage
ORBCOMM’s industry-leading IoT solutions to enhance the end-to-end
view of the global supply chain.”
“We are delighted to extend our long-standing
relationship with ORBCOMM for another three years,” said Demitris
Memos, MarineTraffic’s Chief Executive Officer. “MarineTraffic
takes great pride in the collaboration with ORBCOMM and especially
appreciates the reliability of ORBCOMM’s satellite AIS service,
which is respected across the industry. We look forward to working
with ORBCOMM as we continue to provide our global customers with
digital maritime solutions that improve visibility, safety,
compliance and operational efficiency at sea.”
ORBCOMM’s pioneering satellite AIS data service
has provided the most comprehensive and reliable global coverage in
the market over the last decade. ORBCOMM continues to advance its
AIS business by enhancing its satellite AIS service with two new,
next-generation AIS CubeSats, which are expected to expand coverage
of ORBCOMM’s constellation, increase visibility to smaller Class B
ships and extend its polar footprint with launches planned on
separate missions within the next year. In addition, ORBCOMM is
working with AAC Clyde Space and Saab to develop a next-generation,
space-based VHF Data Exchange System (VDES) satellite, expected to
launch in 2022, which will revolutionize maritime communications by
providing more extensive global coverage, increased bandwidth and
enhanced versatility.
For more information about ORBCOMM’s satellite
AIS service, download ORBCOMM’s whitepaper, Accelerating
Digitalization in Global Maritime Trade and Supply Chains: The
Evolving Role of AIS Data.
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 MarineTraffic
MarineTraffic is a leading provider of ship tracking and maritime
intelligence. We are dedicated to making actionable information
easily accessible. Monitoring vessel movements is at the core of
what we do. Building on a base of data gathered from our network of
coastal AIS-receiving stations, supplemented by satellite
receivers, we apply algorithms and integrate complementary data
sources to provide the shipping, trade and logistics industries
with actionable insights into shipping activity. With our main
offices in Greece, the UK and Singapore, we continue to grow our
presence in some of the world’s leading maritime hubs, granting us
direct access to the markets we serve. Our reach is truly global,
enabling us to support the millions that use our service. For more
information, visit www.marinetraffic.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, 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.
ORBCOMM Contacts |
|
For
Investors: |
For
Trade Media: |
Aly Bonilla,
VP of Investor Relations |
Sue
Rutherford, VP of Marketing |
+1
703.433.6360 |
+1
613.254.5269 |
bonilla.aly@orbcomm.com |
rutherford.sue@orbcomm.com |
investorrelations@orbcomm.com |
mediarelations@orbcomm.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/414962ec-41f2-461b-9957-e78348d0b0e5
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