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| [December 04, 2012] |
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ORBCOMM Announces Hiring of Patrick Shay, Executive Vice President, Sales & Marketing
FORT LEE, N.J. --(Business Wire)--
ORBCOMM (News - Alert) Inc. (Nasdaq: ORBC), a global satellite data communications
company specializing in two-way Machine-to-Machine (M2M) communications,
today announced the hiring of Patrick Shay (News - Alert) as Executive Vice President,
Sales & Marketing.
"We are pleased to bring Patrick on board," said Marc Eisenberg, Chief
Executive Officer of ORBCOMM. "With his wealth of experience, we can
anticipate a major contribution by him to our continued success. As we
lead up to the launch of our next generation satellites, we expect Pat
to play a leading role."
Mr. Shay has 25 years of innovative leadership experience in the GPS and
wireless markets. Most recently, he was Vice President & General Manager
for DeLorme. Prior to DeLorme, Mr. Shay served as Vice President &
General Manager of Data Services at Iridium (News - Alert) Communications. Mr. Shay has
also previously held Vice President positions at Hughes Telematics,
Sirius Satellite Radio and Rand McNally.
About ORBCOMM Inc.
ORBCOMM is a leading global satellite data communications company,
specializing in Machine-to-Machine (M2M) communications. Its customers
include Caterpillar Inc., Doosan Infracore America, Hitachi (News - Alert) Construction
Machinery, and Hyundai Heavy Industries, Asset Intelligence (a
subsidiary 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)
satelltes 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 solution services for the refrigerated and
transportation markets. Under its ReeferTrak,® GenTrak,TM
and CargoWatch TM brands, the Company provides customers with
the ability to proactively monitor, manage and remotely control their
refrigerated and transportation 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 Fort Lee, New Jersey and has its
network control center in Dulles, Virginia. For more information, visit www.orbcomm.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 ORBCOMM's plans, objectives and expectations for
future events and include statements about ORBCOMM's expectations,
beliefs, plans, objectives, intentions, assumptions and other statements
that are not historical facts. Such forward-looking statements,
including those concerning the ORBCOMM'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
ORBCOMM's control, that may cause ORBCOMM'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
ORBCOMM's Annual Report on Form 10-K for the year ended December 31,
2011, and other documents, on file with the Securities and Exchange
Commission. ORBCOMM undertakes no obligation to publicly revise any
forward-looking statements or cautionary factors, except as required by
law.

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