inthinc Selects ORBCOMM For Global M2M Communications Service
SALT LAKE CITY - 09/04/2012 - ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and inthinc Technology Solutions Inc. (inthinc), a global provider of telematics, fleet management and driver safety solutions,today announced an agreement for ORBCOMM to provide wireless data services for inthinc's breakthrough technology applications in the heavy equipment, oil & gas and commercial fleet industries in the United States.
Through its waySmartTM and tiwiProTM products, inthinc provides a comprehensive driving safety system that changes driver behavior in real time to improve safety and fleet efficiency. inthinc solutions deliver a unique combination of in-vehicle driver alerts, vehicle location and diagnostics, distracted driving prevention, and fleet management features that detail performance and trends for individual drivers or the entire fleet. inthinc's advanced, patent-pending technology has been proven to dramatically improve driver behavior, reduce crashes, increase fleet productivity, improve fuel mileage, and reduce emissions for its customers.
"ORBCOMM is pleased to expand inthinc's communicationsinfrastructure by providing greater flexibility, scalability and coverage options for its data communication needs," said Brian Bell, ORBCOMM's Executive Vice President of Sales and Marketing. "We are poised for the opportunity to provide both cellular and satellite services for inthinc's leading global telematics applications as we roll out our next generation constellation."
"We work with some of the largest commercial fleets in the world, and our customers require a solid and cost-effective communications platform to ensure their drivers and mobile assets are safe and productive," said Kevin Mitchell, Vice President of Operations at inthinc. "ORBCOMM's ubiquitous global network enhances the data transmission infrastructure that supports inthinc's telematics platform for managing fleet activities in real time."
ORBCOMM's global data communications service will enable inthinc to send vehicle and driver performance data wirelessly to the web-based inthinc portal. Through the portal, fleet managers monitor vehicle location, driver trends, driver scoring, hours-of-service (HOS) information, and more from one interface. This visibility allows managers to keep track of fleet operations and identify areas in need of improvement to maximize efficiency.
About ORBCOMM Inc.
ORBCOMM is a leading global satellite data communications company, focused on Machine-to-Machine (M2M) communications. 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. Through its recently acquired StarTrak Information Technologies, LLC and StarTrak Logistics Management Solutions, LLC (formerly PAR Logistics Management Solutions) businesses, ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak®, GenTrak TM, and CargoWatchTM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. Additionally, ORBCOMM provides Automated 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.
About inthinc Technology Solutions, Inc.
inthinc is a global company centered on telematics, fleet solutions and driving safety. Its breakthrough driving safety solutions are designed to safeguard lives, save money and protect the environment. inthinc technology dramatically improves driver behavior and has been documented to reduce accidents by more than 80 percent. For more information, please visit www.inthinc.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 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.
The Abernathy MacGregor Group
inthinc Technology Solutions
801-886-2255 ext. 524