ORBCOMM Announces Successful Launch of VesselSat2
- ORBCOMM (ORBC) to Offer Worldwide AIS Coverage -
FORT LEE, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc., a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced the successful launch of VesselSat2, an Automatic Identification Service (AIS) enabled satellite built by LuxSpace Sarl (LuxSpace), an affiliate of OHB System AG. VesselSat2 was launched by the China Great Wall Industry Corporation from the Tiayuan Satellite Launch Center (TSLC) in the Shanxi Province of the Peoples Republic of China on January 8, 2012 at 10:17 PM EST. The satellite was successfully deployed from the Long March launch vehicle into its proper polar orbit. AIS data is used for ship tracking and other maritime navigational and safety efforts.
After successful completion of in-orbit testing and check-out, VesselSat2 will expand ORBCOMMs satellite AIS service globally, providing complete global coverage, including the North and South Poles. VesselSat1, which was launched into an equatorial orbit on October 12, 2011 is providing full commercial service, and along with VesselSat2 will provide higher probability of vessel detection, greater refresh rates, and improved message delivery speeds for ORBCOMMs AIS users worldwide. ORBCOMM is the exclusive licensee for the AIS data collected by VesselSat1 and VesselSat2, and these AIS-only satellites will supplement ORBCOMMs next generation (OG2) constellation of 18 AIS-enabled satellites that currently are under construction.
We are excited to announce the successful launch of VesselSat2, enabling ORBCOMMs satellite AIS service to provide complete global coverage, said Marc Eisenberg, CEO of ORBCOMM. AIS users will experience an even higher quality of service, including lower latency and optimal data delivery, solidifying our market leadership and bringing us another step closer to providing unmatched AIS service as we deploy our next generation constellation.
VesselSat2 is undergoing initial in-orbit testing and is expected to enter into commercial service before the end of the first quarter of 2012. VesselSat1 is fully functional and significantly outperforming prior space-based technologies.
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, ORBCOMMs low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in four core markets: commercial transportation, heavy equipment, industrial fixed assets, and marine/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 the recently acquired StarTrak Information Technologies, LLC, ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak® and GenTrakTM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. ORBCOMM is headquartered in Fort Lee, 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 Companys 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 Companys control, that may cause the Companys 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. These risks and uncertainties include but are not limited to the risks described in our filings with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more detail on these and other risks, please see our Risk Factors section in our annual report on Form 10-K for the year ended December 31, 2010.
Michael Rindos, 703-433-6505
VP, Strategic Development and Investor Relations
The Abernathy MacGregor Group
Jennifer Lattif Stroud, 212-371-5999
Source: ORBCOMM Inc.Copyright Business Wire 2012