ORBCOMM Signs Seven New Customers in Transportation and Logistics Industry
Provides state-of-the-art ReeferTrak®platform for two-way command and control of refrigerated transport assets
ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc. (NAS: ORBC) , a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its state-of-the-art ReeferTrak® platform has been selected by seven new domestic and international transportation and logistics companies. ReeferTrak® is an industry-leading application that enables customers to proactively monitor, manage and remotely control their refrigerated transport assets. By leveraging the power of ReeferTrak®'s comprehensive temperature, fuel management, maintenance, and logistical application services, customers can achieve maximum compliance, increased efficiency and proven return on investment (ROI).
ORBCOMM's new ReeferTrak® customers are listed below:
BP Logistics,a freight shipping company in Fresno, CA, specializing in refrigerated produce and freight
Classic Carriers, a full-service, asset-based logistics provider headquartered in Ohio
Crowley Maritime Services, a Jacksonville, FL-based company providing transportation, distribution and logistics services along with marine solutions in domestic and international markets
Direct Transport, a full-service transportation company based in Fresno, CA, specializing in hauling fresh produce, frozen foods, dry grocery, and other dry goods throughout the United States and Canada
Gangloff Industries, a Loganport, IN-based company focused on freight shipping solutions
Integrated Airline Services, a Dallas, TX-based company delivering tailor-made passenger, cargo and ramp handling services to some of the leading international air carriers for nearly 30 years
JASKO Enterprises, a Florida-based carrier providing unlimited nationwide operating capability with a focus on refrigerated commodities
"We are very excited to add seven new technology leaders in the cold chain sector to ORBCOMM's growing customer portfolio and build on our momentum in the transportation and logistics industry," said David Gsell, ORBCOMM's Senior Vice President and General Manager of StarTrak Information Technologies, LLC. "We look forward to helping these customers optimize their refrigerated transportation operations and immediately identify and maximize their return on investment."
About ORBCOMM Inc.
ORBCOMM is a leading global cellular and 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®, GenTrakTM, and CargoWatchTM 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.
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, 2012, 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.
Robert Costantini, 703-433-6305
Chief Financial Officer
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
KEYWORDS: United States North America New Jersey
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