ORBCOMM Surpasses Two Million Subscriber Communicators in the Industrial IoT Market
November 28 2017 - 8:30AM
Business Wire
Milestone marks Company’s continued growth
and market leadership
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of
Machine-to-Machine (M2M) and Internet of Things (IoT) solutions,
today announced that it has surpassed two million subscriber
communicators. ORBCOMM’s subscribers are in the industrial IoT
market, spanning the transportation & distribution, heavy
equipment, maritime, oil and gas and government sectors. ORBCOMM
offers the industry’s most comprehensive portfolio of IoT products
and services leveraging 11 satellite and Tier One cellular wireless
carriers.
“Reaching two million subscribers is a significant milestone for
ORBCOMM, demonstrating our continued growth and market penetration
in industrial IoT,” said Marc Eisenberg, ORBCOMM’s Chief Executive
Officer. “Our customers are some of the largest and most
influential companies in the world, and we are committed to
delivering best-in-class IoT solutions and advanced technology to
help them stay connected to their assets and manage their business
more efficiently.”
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. ORBCOMM provides customers a
subscriber component, which consists of satellite subscriber
communicators, cellular terrestrial units, or wireless modems
incorporating SIMS, used by end-users to transmit and receive
messages to and from their assets. For more information, visit
www.orbcomm.com and review our Annual Report on Form 10-K, and
other documents, on file with the Securities and Exchange
Commission.
Forward-Looking StatementsCertain 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/20171128005364/en/
ORBCOMMFor Investors:Michelle Ferris,
+1-703-433-6516Director of Corporate
Communicationsferris.michelle@orbcomm.comorFor Trade
Media:Sue Rutherford, +1-613-254-5269VP of
Marketingrutherford.sue@orbcomm.com
ORBCOMM (NASDAQ:ORBC)
Historical Stock Chart
From Aug 2024 to Sep 2024
ORBCOMM (NASDAQ:ORBC)
Historical Stock Chart
From Sep 2023 to Sep 2024