ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of
Things (IoT) solutions, and Inmarsat, the world leader in global
mobile satellite communications, today announced that they will
extend their agreement through at least 2035 and enhance their
strategic partnership. The two companies will collaborate on joint
product innovation and distribution of next-generation IoT
satellite services, telematics devices and end-to-end solutions
that offer the best-in-class combination of high bandwidth data
packets with low-cost terminals.
As part of the partnership, ORBCOMM and Inmarsat
are developing a next-generation service called OGx, which features
two new offerings to suit future customer demand. The first is a
higher data rate service offering designed to be nearly 40 times
faster than the current IsatData Pro (IDP) service, allowing for
much larger messages and faster delivery times. ORBCOMM’s current
generation IDP terminals can be seamlessly upgraded over-the-air to
the higher data rate OGx service, so customers can start
development and integration now to ensure their solutions are
market-ready when the OGx network becomes available expected in
2022.
In addition, ORBCOMM and Inmarsat are designing
a second OGx offering, which is extremely power-efficient, to
support a daily message for multiple years on a satellite terminal
utilizing a single AA battery, making it ideal for remote
monitoring and environmental sensing applications. Both OGx
offerings are designed to have expanded broadcasting capabilities
to send data to large groups of terminals and can leverage multiple
modes of operation that can be tuned specifically for the required
application.
The OGx offerings, which incorporate the current
IDP service, will be supported by Inmarsat’s L-band constellations,
including the current I-4 constellation and its forthcoming sixth
generation (I-6) constellation. Inmarsat’s global L-band
constellation offers the most sophisticated payload and lowest
latency of any L-band satellite store-and-forward service. The
L-band fleet delivers connectivity with 99.9% network availability
and a ubiquitous, resilient and flexible solution for remote
monitoring of fixed and mobile assets. Inmarsat’s I-6 satellites
will significantly extend service capabilities to current and new
IoT offerings, providing a reliable, cost-effective and backwards
compatible satellite service and enhancing the return on investment
for global customers over the long term.
Inmarsat will also distribute ORBCOMM’s
industry-leading portfolio of OGx telematics devices globally
through its extensive commercial and government sales channels,
targeting Original Equipment Manufacturers (OEMs) and Value-Added
Resellers (VARs). In addition, Inmarsat and ORBCOMM will continue
to partner to provide end-to-end IoT solutions, including global
wireless connectivity, hardware and advanced, cloud-based reporting
and analytics platforms for end user customers in multiple vertical
markets.
“By extending our long-term, successful
partnership with Inmarsat and developing a leading combination of
higher data rate and power-efficient OGx services and terminals, we
can continue to offer the industry’s best satellite offering with
the broadest geographic coverage, the most regulatory
authorizations and the best value to users,” said Marc Eisenberg,
ORBCOMM’s Chief Executive Officer. “We will continue to leverage
our synergies, innovation and market leadership in collaboration
with Inmarsat to deliver state-of-the-art IoT products, services
and solutions to an even broader customer base around the
world.”
“Through our enduring strategic partnership with
ORBCOMM, we are seeing an extensive global market opportunity for
our L-band IoT services, which enable increased business value to
industries with remote operations,” said Rupert Pearce, Inmarsat’s
Chief Executive Officer. “As the digital world continues to evolve,
together Inmarsat and ORBCOMM will play a pivotal role in providing
unparalleled network connectivity and best-in-class IoT solutions
that will enable nearly every type of industrial asset to be smart
and remotely connected.”
To expand upon the partnership, ORBCOMM and
Inmarsat will share a video recording of an interview with Rupert
Pearce, Chief Executive Officer of Inmarsat, and Marc Eisenberg,
Chief Executive Officer of ORBCOMM, hosted by satellite industry
expert Tim Farrar of TMF Associates on both companies’ web sites by
November 2, 2020.
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 InmarsatInmarsat is the
world leader in global, mobile satellite communications. It owns
and operates the world’s most diverse global portfolio of mobile
telecommunications satellite networks, and holds a multi-layered,
global spectrum portfolio, covering L-band, Ka-band and S-band,
enabling unparalleled breadth and diversity in the solutions it
provides. Inmarsat’s long-established global distribution network
includes not only the world’s leading channel partners but also its
own strong direct retail capabilities, enabling end to end customer
service assurance.
The company has an unrivalled track record of
operating the world’s most reliable global mobile satellite
telecommunications networks, sustaining business and mission
critical safety & operational applications for more than 40
years. It is also a major driving force behind technological
innovation in mobile satellite communications, sustaining its
leadership through a substantial investment and a powerful network
of technology and manufacturing partners.
Inmarsat operates across a diversified portfolio
of sectors with the financial resources to fund its business
strategy and holds leading positions in the Maritime, Government,
Aviation and Enterprise satcoms markets, operating consistently as
a trusted, responsive and high-quality partner to its customers
across the globe. For further information, visit www.inmarsat.com
follow us on LinkedIn or on Twitter @InmarsatGlobal.
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:Aly Bonilla, VP of Investor
Relations+1
703.433.6360bonilla.aly@orbcomm.cominvestorrelations@orbcomm.com |
For Trade Media:Sue Rutherford, VP of
Marketing+1
613.254.5269rutherford.sue@orbcomm.commediarelations@orbcomm.com |
Inmarsat ContactJames Grisbrook, Director of
Marketing and Communications - Enterprise+44
7545376737james.grisbrook@inmarsat.com |
|
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/fbc00437-3604-45e4-b4e1-a618b2b56872
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