Combined businesses add new technology, sales channels and access
to end-to-end solutions in key vertical markets
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications
company specializing in the Machine-to-Machine (M2M) marketplace, today
announced that it has completed the acquisition of substantially all of
the assets of the GlobalTrak division of System Planning Corporation
(GlobalTrak) and MobileNet, Inc. (MobileNet). The GlobalTrak and
MobileNet acquisitions accelerate ORBCOMM’s growth strategy of expanding
its end-to-end solutions portfolio into key vertical markets and
geographic regions.
“Management’s Discussion and Analysis of
Financial Condition and Results of Operations”
GlobalTrak is an information services company that utilizes networks,
sensors and proprietary software platforms to provide near-real-time
situational awareness and intelligence to improve logistics and security
processes and operations on a global basis. GlobalTrak gives ORBCOMM
access to a customer base that includes military, international,
government, and commercial customers as well as expanded reach in
growing regions, such as the Middle East, Asia and South America.
Combining GlobalTrak’s advanced products including container and vehicle
technology with ORBCOMM’s existing capabilities will create a suite of
transportation-related product offerings across the expanded global
distribution network.
A long-time ORBCOMM value-added reseller, MobileNet is a provider of
telematics solutions to the heavy equipment and rail support industries.
The acquisition enables ORBCOMM to offer MobileNet’s complete fleet
management solution directly to Original Equipment Manufacturers,
dealers and fleet owners. Leveraging MobileNet’s turn-key telematics
platform will further enhance ORBCOMM’s leadership position in services
to the global heavy equipment sector by providing customers significant
operating advantages as well as savings in development costs and faster
time to market for implementing solutions in the field.
“The completion of the GlobalTrak and MobileNet acquisitions is a
significant step forward in building our diverse portfolio of end-to-end
solutions and enables ORBCOMM to execute on our long-term vision of
expanding our integrated M2M services into new industrial and geographic
markets,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our
combined strengths will allow us to broaden our product and service
capabilities and leverage synergies across common distribution channels,
while providing value-driven, high-performance solutions to our
customers.”
About ORBCOMM Inc.
ORBCOMM is a leading global satellite data communications company,
specializing in Machine-to- Machine (M2M) communications and solutions.
Its customers include Caterpillar Inc., Doosan Infracore America,
Hitachi Construction Machinery, Hyundai Heavy Industries, Asset
Intelligence (a division of I.D. Systems, Inc.), Komatsu Ltd., Manitowoc
Crane Companies, Inc., and Volvo Construction Equipment among other
industry leaders. By means of a global network of low-earth orbit (LEO)
satellites and accompanying ground infrastructure, ORBCOMM’s low-cost
and reliable two-way data communication services track, monitor and
control mobile and fixed assets in our core markets: commercial
transportation; heavy equipment; industrial fixed assets; marine; and
homeland security. ORBCOMM based products are installed on trucks,
containers, marine vessels, locomotives, backhoes, pipelines, oil wells,
utility meters, storage tanks and other assets.
ORBCOMM is an innovator and leading provider of tracking, monitoring and
control services for the refrigerated transport market. Under its
ReeferTrak®, GenTrak™, and CargoWatch™
brands, the company provides customers with the ability to proactively
monitor, manage and remotely control their refrigerated transport
assets. Additionally, ORBCOMM provides Automatic Identification System
(AIS) data services for vessel tracking and to improve maritime safety
to government and commercial customers worldwide. ORBCOMM is
headquartered in Rochelle Park, New Jersey and has its network control
center in Dulles, Virginia. 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 ORBCOMM’s plans, objectives and expectations for
future events and include statements about ORBCOMM’s expectations,
beliefs, plans, objectives, intentions, assumptions and other statements
that are not historical facts. Such forward-looking statements,
including those concerning the ORBCOMM’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
ORBCOMM’s control, that may cause ORBCOMM’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
ORBCOMM’s Annual Report on Form 10-K for the year ended December 31,
2012, and other documents, on file with the Securities and Exchange
Commission. ORBCOMM undertakes no obligation to publicly revise any
forward-looking statements or cautionary factors, except as required by
law.
Email 
Special home delivery offers!
