ORBCOMM Adds Data Analytics Capabilities to Its Industrial IoT Solutions
August 08 2018 - 8:30AM
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of
Machine-to-Machine (M2M) and Internet of Things (IoT) solutions,
today announced that it has released a new Cloud-based analytics
service that leverages ORBCOMM’s extensive telematics expertise and
industry-leading portfolio of IoT solutions to provide greater
insights into the operations of its customers’ enterprises. With
ORBCOMM’s new analytics offering, its global customers can extract
valuable, real-time information from their asset-based data to
determine patterns and predict future outcomes and trends,
significantly improving operational efficiency and driving better
business results.
ORBCOMM’s analytics service is focused on the
transportation & logistics, supply chain and heavy equipment
markets, where the Company has deep industry expertise and domain
knowledge. While ORBCOMM’s telematics solutions provide real-time
operational and transaction data for customers in these industries
as well as a good proxy for their assets’ behavior, the new
analytics Cloud service will provide more in-depth descriptive,
predictive and prescriptive results to optimize customers’
operations. Through this new offering, ORBCOMM will deliver robust
analytics services cost-effectively and at high speed, resulting in
broader strategic benefits and long-term ROI for its
customers.
ORBCOMM has identified a number of opportunities
for its analytics service that provide industry benchmark
comparisons and statistical applications applied to machine,
logistical and conditional behaviors. Customer use case examples
include refrigerated transport operational performance, operational
cycle and dwell time management, condition delivery management,
fleet driver performance, predictive machine breakdown and
shutdown, preventative maintenance planning, and business
optimization. With the potential breadth of impactful business
intelligence opportunities within its core markets, ORBCOMM’s
analytics Cloud service is expected to further differentiate the
Company as a leading industrial IoT solutions provider.
“ORBCOMM continues to exemplify leadership and
innovation in industrial IoT by redefining what it means to be an
end-to-end IoT solutions provider with the addition of our new
analytics Cloud service,” said Marc Eisenberg, Chief Executive
Officer of ORBCOMM Inc. “By responding to customer demand for more
sophisticated business intelligence applications, ORBCOMM has
launched a comprehensive analytics platform that can transform
asset data into usable, ROI-driven information to help customers
improve performance and efficiency and make better business
decisions.”
ORBCOMM has licensed production-hardened core
technology and hired a world-class team of industry experts to
launch and distribute its data analytics service, which is now
commercially available. ORBCOMM’s complete IoT solutions offering
and industry experience combined with ground-breaking analytics
tools and technology make it easy for customers to harness the best
of open source innovation while achieving operational readiness at
any scale.
For its analytics business offering, ORBCOMM was
advised by Momenta Partners, leading specialists for growth, talent
and investment in the connected industries.
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.
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 |
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