ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (Nasdaq:ORBC), a global provider of industrial Internet of Things (IoT) solutions, today announced that the Government of Canada has exercised the option for another year on their contract through ORBCOMM’s Canadian partner Maerospace, a global supplier of advanced data analytics and maritime domain awareness solutions.
Through its Canadian subsidiary SkyWave, ORBCOMM will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts to the Government of Canada for monitoring Canadian and global marine traffic. The Government of Canada contract award was the result of a competitive procurement process among providers and integrators of space-based AIS data service and is a multi-year contract with options through 2020.
“We have had great success in collaborating with Maerospace over the past year to provide the Government of Canada with the most complete situational picture of Canadian and global vessel activity to ensure maritime visibility and security,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “We are pleased to extend the contract with Canada for another year, which reaffirms ORBCOMM’s position as the industry’s preferred provider of satellite AIS data.”
“We are committed to continue supporting Canada’s national security mission through our joint efforts with ORBCOMM to provide highly accurate AIS data,” said Eric Meger, Founder and CEO of Maerospace. “Together with ORBCOMM, we can leverage our advanced systems and technology that will help Canada maximize maritime domain awareness.”
ORBCOMM’s AIS service provides unmatched global coverage and latency and processes over 26 million messages from over 200,000 unique vessels per day through a combination of satellite and terrestrial AIS data, which is well ahead of all other AIS services.
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.
About Maerospace Corporation
Maerospace Corp., based in Canada, is a global supplier of real-time, predictive analytics to the maritime market. Their core product, TimeCaster™ provides a dramatic improvement in the accuracy and completeness of the maritime picture. Our Advisor™ product analyzes this picture to detect and provide real-time alerts on anomalous behavior. TimeCaster™ and Advisor™ together deliver the world’s most accurate picture of the maritime domain for maritime authorities internationally as well as for commercial ship and cargo tracking companies. For more information, visit www.maerospace.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, 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.