GOST Upgrades Its Vessel Tracking and Security Systems With ORBCOMM’s Next-Gen Satellite IoT Technology
March 02 2021 - 9:00AM
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of
Things (IoT) solutions, today announced that Global Ocean Security
Technologies (GOST), a provider of marine security, tracking,
monitoring and video surveillance systems, has selected ORBCOMM’s
next-generation satellite IoT technology to upgrade its global
vessel tracking and security systems.
GOST is using ORBCOMM’s new, feature-rich
satellite terminal, which is powered by the IsatData Pro (IDP)
satellite network and provides enhanced two-way communication
speed, global coverage and low power consumption for reliable
vessel tracking, monitoring and surveillance. Leveraging ORBCOMM’s
latest satellite IoT technology, GOST can deliver uninterrupted
visibility and control for any size vessel – from tenders to ships
to luxury yachts – and help protect against theft, fire, high water
in the bilge, low voltage, loss of shore power and intrusion.
GOST’s extensive portfolio of sensors, sirens, acoustic sound
barriers and flashing lights can chase off intruders and reduce
threats before the vessel is ever stolen for maximum safety and
security.
ORBCOMM’s powerful, environmentally sealed
terminal is integrated with GOST’s secure, intuitive vessel
tracking interface, which enables geofence control and alerts,
remote arm/disarm functionality as well as real-time and historic
GPS tracking anywhere in the world from a desktop or mobile device.
Created specifically for private tracking and alerting of events,
the state-of-the-art GOST platform also allows family and friends
to provide support if a vessel is in peril or notify maritime
authorities if there is a deviation from the float plan for
immediate action.
“ORBCOMM’s next-gen satellite IoT technology is
an integral component in GOST’s vessel tracking and safety systems
to ensure optimal reliability, global coverage and longevity for
its customers whether their assets are at sea, in a harbor or
docked at a marina,” said Christian Allred, ORBCOMM’s Executive
Vice President of Global Sales. “ORBCOMM’s two-way satellite
terminals enable GOST’s customers to monitor and manage their
vessels from anywhere in the world, providing the peace of mind
that their investments are safe and protected around the
clock.”
“We did a thorough market search to find a
high-performance satellite tracking device to power our enhanced
security and location-based services for maritime fleets, and
ORBCOMM was the clear choice to be our technology partner,” said
Brian Kane, Founder and Chief Technology Officer for GOST. “With
our new, streamlined vessel tracking interface, customers have
access to the most reliable and user-friendly system on the market
that will be watching over their high-value vessels for years to
come, thanks to ORBCOMM’s advanced satellite IoT service.”
GOST expects to complete the initial deployment
of ORBCOMM’s satellite terminals in the second quarter of 2021 and
plans to significantly extend the deployment by the end of the
year.
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. You can also connect with ORBCOMM at
https://blog.orbcomm.com, on Twitter at @ORBCOMM_Inc, at
https://www.linkedin.com/company/orbcomm or
https://www.youtube.com/c/ORBCOMM_Inc.
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/ba3f9f04-f640-457f-875e-5ccb75a7bee5
ORBCOMM (NASDAQ:ORBC)
Historical Stock Chart
From Mar 2024 to Apr 2024
ORBCOMM (NASDAQ:ORBC)
Historical Stock Chart
From Apr 2023 to Apr 2024