ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it will provide its satellite AIS data to Genscape, a leading global provider of energy information for commodity, shipping and financial markets. ORBCOMM’s extensive AIS data will be utilized by customers of Genscape’s value added AIS-based solutions.
Through its second generation constellation of low-Earth orbit (LEO) satellites, ORBCOMM provides AIS data services to assist in vessel tracking and improve maritime safety for government and commercial customers worldwide. ORBCOMM’s advanced satellite network provides revisit rates of eight to fifteen minutes over most of the world with average vessel reporting latency of just under ten minutes worldwide and as short as one minute in many areas. Coupled with an established and robust network operations and global ground infrastructure, ORBCOMM provides unsurpassed data services.
“We are very pleased to be selected by Genscape as a preferred industry partner for satellite AIS data services,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “ORBCOMM’s AIS service provides the most comprehensive global coverage and the highest refresh rates of any satellite-based AIS data system. We look forward to helping Genscape deliver an even greater level of service to its customers by offering a complete situational picture of vessel activity worldwide.”
“Genscape is committed to providing world-class products and services that enable transparency and actionable decision making for participants in global shipping, commodities and energy supply chains,” said Matthew Burkley, Chief Executive Officer of Genscape. “Our partnership with ORBCOMM is reflective of this mission, as it expands our customers’ access to Genscape’s market-leading terrestrial AIS coverage alongside ORBCOMM’s resilient, reliable and comprehensive satellite AIS data to provide real-time visibility into ship movements anywhere on the globe.”
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine (M2M) communication solutions and the only commercial satellite network dedicated to M2M. ORBCOMM’s unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry’s most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government. In addition, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking to improve maritime safety to government and commercial customers worldwide.
With nearly 20 years of innovation and expertise in M2M, ORBCOMM has more than 1.6 million subscribers with a diverse customer base including premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo Construction Equipment, as well as end-to-end solutions customers such as C&S Wholesale, Canadian National Railways, CR England, Hub Group, KLLM Transport Services, Marten Transport, Swift Transportation, Target, Tropicana, Tyson Foods, Walmart and Werner Enterprises. For more information, visit www.orbcomm.com.
Genscape is a leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain important insights, improve risk management, or increase operational efficiency. For more information, please visit: www.genscape.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, 2015, 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.