ORBCOMM and Savi Announce Strategic Partnership
ORBCOMM and Savi Announce Strategic Partnership
Market Leaders in Satellite, RFID and Analytics Team to Offer New M2M Solutions to Government and Commercial Markets
ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc. (NAS: ORBC) , a global provider of Machine-to-Machine (M2M) solutions, and Savi Technology (Savi), a leading provider of sensor-based analytics and radio-frequency identification (RFID) solutions, today announced a strategic relationship to provide advanced location-based monitoring solutions to government and commercial markets.
ORBCOMM and Savi have submitted a proposal in response to the U.S. Army RFID IV project, which will provide both ISO18000-7 RFID tags and a suite of satellite solutions for military logistics support. ORBCOMM's GlobalTrak division has been a leading player in providing military Enhanced-In-Transit-Visibility (EITV) solutions to the government market since 2008, and Savi has been the de facto market leader in military RFID solutions, enabling them to offer vast market experience with the right blend of technology platforms for this proposal.
"The combination of ORBCOMM's satellite expertise and broad network service portfolio with Savi's state-of-the-art RFID technology offers a full spectrum of innovative monitoring solutions to our collective market base with focus on our government and international customers," said Marc Eisenberg, Chief Executive Officer of ORBCOMM. "Although RFID and satellite tracking have traditionally been divergent technologies, the synergy of these solutions within a common operating environment creates a seamless transition from infrastructure to wireless-based location services for tracking and monitoring high-value assets."
"By bringing two market leaders with highly complementary technologies together, we have created a best-of-breed solution for our customers in both government and commercial markets," said Bill Clark, Chief Executive Officer of Savi Technology. "This relationship will support Savi's operational analytics capabilities by providing additional ways to collect critical data and deliver timely and reliable operational intelligence to our customers. We look forward to partnering with ORBCOMM on RFID IV and other global opportunities in the near future."
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 network control center in Dulles, Virginia. For more information, visit www.orbcomm.com.
About Savi Technology
Savi Technology provides organizations with operational analytics and the ability to collect and convert operational information into useful knowledge from physical objects like supplies, equipment and cargo. The Savi Sensor Based Analytics Platform gives enterprises the ability to access, analyze and learn from new data in ways previously impossible, yielding streamlined operations, enhanced security and dramatically improved enterprise decision making. Savi is headquartered in Alexandria, Virginia, with operations in Lexington, Kentucky, and around the world. Savi was named a 2013 Computerworld Honors Laureate for the economic improvements its technology has provided to several countries in Africa. Savi has more than 100 domestic and foreign issued patents covering a variety of technologies and is an active participant in several industry standards bodies including ISO 180007. For more information, visit www.savi.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 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.
Investor Inquiries:
ORBCOMM Inc.
Robert Costantini, 703-433-6305
Chief Financial Officer
costantini.robert@orbcomm.com
or
Financial Media:
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
President
clb@abmac.com
or
Trade Media:
Rhodes Communications
Jim Rhodes, 757-451-0602
President
jrhodes@rhodescomm.com
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