|[July 14, 2014]
ORBCOMM Announces the Successful Launch of Its First Six OG2 Satellites
ROCHELLE PARK, N.J. --(Business Wire)--
ORBCOMM (News - Alert) Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) solutions, today announced that it has successfully launched six
next generation OG2 satellites aboard a SpaceX (News - Alert) Falcon 9 rocket from Cape
Canaveral Air Force Station, Florida at 11:15 am EDT. The OG2 satellites
were successfully separated from the Falcon 9 launch vehicle into the
proper insertion orbit.
"The successful launch of the first OG2 mission is a testament to the
entire OG2 team at ORBCOMM, SpaceX, Sierra Nevada Corporation, Boeing (News - Alert),
and Moog, and I'd like to thank them for their hard work and
dedication," said Marc Eisenberg, ORBCOMM's Chief Executive Officer.
"OG2 will enable our customers to send and receive more data, with
greater speed, more efficiently than ever before."
After an initial health check, the satellites will undergo extensive
In-Orbit Testing (IOT) to verify that all subsystems are properly
functioning. The satellites are expected to be providing full commercial
M2M messaging and AIS services within the next 60 days.
ORBCOMM's OG2 satellites are more advanced than its current OG1
satellites and will provide existing customers with significant
enhancements, such as faster message delivery, larger message sizes and
better coverage at higher latitudes, while significantly increasing
network capacity. In addition, the OG2 satellites are equipped with an
Automatic Identification System (AIS) payload to receive and report
transmissions from AIS-equipped vessels for ship tracking and other
maritime navigational and safety efforts, increasing asset visibility
and the probability of detection for ORBCOMM's AIS customers.
ORBCOMM anticipates launching the remaining eleven OG2 satellites and
enhanced OG2 services as early as the end of the fourth quarter of 2014
to complete its next generation constellation.
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its
customers include Caterpillar Inc., Doosan Infracore America, Hitachi (News - Alert)
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 Innovation &
Network Control Center in Sterling, Virginia. For more information,
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, 2013, 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.
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