ORBCOMM Wins 2014 M2M Evolution Magazine Asset Tracking Award
ORBCOMM’s GT 1100 solution recognized for excellence in innovation
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its GT 1100 solution has won a 2014 M2M Evolution Asset Tracking Award from M2M Evolution Magazine, the leading publication covering the M2M movement. The award honors excellence in innovation utilizing M2M technologies to automate the asset tracking functions to increase efficiencies, reduce theft or optimize utilization of the asset.
“It is an honor to be recognized by M2M Evolution Magazine for our superior contribution to making asset tracking easier and more efficient than ever before.”
ORBCOMM’s GT 1100 is a ruggedized, easy-to-install device with a low, one-inch height profile, making it ideal for tracking and monitoring trailers and other types of cargo assets. The GT 1100 is sensor-compatible and self-powered with solar recharging technology for low power consumption and long service life, which eliminates the need for frequent battery changes. The GT 1100 can also be paired with ORBCOMM’s robust web reporting application for comprehensive device management.
“With its long service life, advanced solar technology and versatile communications capabilities, our internally designed and developed GT 1100 solution captures the innovation and forward-thinking that is driving the M2M industry,” said Craig Malone, ORBCOMM’s Executive Vice President of Product Development. “It is an honor to be recognized by M2M Evolution Magazine for our superior contribution to making asset tracking easier and more efficient than ever before.”
Winners will be featured in the third quarter edition of M2M Evolution Magazine. For more information, visit www.m2mevolution.com.
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, I.D. Systems, Inc., Komatsu Ltd., Cartrack (Pty.) Ltd., and Volvo Construction Equipment, among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure as well as our Tier One cellular partners, 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 is an innovator and leading provider of tracking, monitoring and control services for the transportation market. Under its ReeferTrak®, GenTrakTM, GlobalTrak®, and CargoWatch® brands, the company provides customers with the ability to proactively monitor, manage and remotely control their cold chain and dry 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 Innovation & Network Control Center in Sterling, Virginia. For more information, visit www.orbcomm.com.
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 for the year ended December 31, 2013, 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.