Dual-mode satellite-cellular Smart Grid solution honored for
exceptional innovation
ROCHELLE PARK, N.J. -- (Business Wire)
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that it
has received a 2016 Smart Grid Product of the Year Award from SmartGrid.TMCnet.com,
a TMC
and Crossfire
Media sponsored technology media website. ORBCOMM’s dual-mode
satellite-cellular solution enables utility companies to efficiently
manage their Smart Grids by monitoring
and controlling reclosers and other network distribution devices in
real time.
ORBCOMM’s Smart
Grid device is integrated with the utility equipment to control the
information exchange and reporting process between the utility
companies’ SCADA
system software and the equipment site. With ORBCOMM’s Smart
Grid monitoring solution, utility companies can improve the
reliability and availability of real-time field data in order to make
power grid decisions quickly and manage the equipment regulating the
distribution network in the event of a sudden interruption in service.
“We are pleased to be recognized by TMC and Crossfire Media for
providing an innovative and scalable Smart Grid solution for the utility
industry,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer.
“Utility companies are always looking to optimize the efficiency of
their generation and distribution network, and ORBCOMM’s dual-mode
solution ensures they maintain complete visibility and control of their
equipment assets even in the most remote areas of the world.”
“The solutions that have been selected for the 2016 Smart Grid Product
of the Year Award reflect the diverse range of innovation driving this
market. Congratulations to ORBCOMM, which exemplified the best of smart
grid technologies in the past year,” said Carl Ford, CEO & Community
Developer, Crossfire
Media.
“It is my pleasure to recognize ORBCOMM with a Smart Grid Product of the
Year Award for its contribution to the advancement of smart grid
technologies,” said Rich
Tehrani, CEO, TMC. “I look forward to seeing more innovation from
ORBCOMM in the coming year.”
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine
(M2M) communication solutions and the only commercial satellite
network dedicated to M2M. ORBCOMM’s unique combination of global
satellite, cellular and dual-mode network connectivity, hardware, web
reporting applications and software is the M2M industry’s most complete
service offering. Our solutions are designed to remotely track, monitor,
and control fixed and mobile assets in core vertical markets including
transportation & distribution, heavy equipment, industrial fixed assets,
oil & gas, maritime, mining and government.
With nearly 20 years of innovation and expertise in M2M, ORBCOMM has
more than 1.6 million subscribers with a diverse customer base including
premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi
Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo
Construction Equipment, as well as end-to-end solutions customers such
as C&S Wholesale, Canadian National Railways, CR England, Hub Group,
KLLM Transport Services, Marten Transport, Swift Transportation, Target,
Tropicana, Tyson Foods, Walmart and Werner Enterprises. For more
information, visit www.orbcomm.com.
About Smart Grid
Smart Grid is the leading website dedicated to the rapidly developing
technologies that enable and harness Smart Grids, with particular
emphasis on applications, products and software for improving
residential, business, institutional and facilities’ power consumption.
This Website offers information and analysis for anyone interested in
researching, purchasing and applying smart grid technologies. It
includes Smart Grid industry news and expert analysis by Carl Ford,
Crossfire Media. Visitors will find free resources including Online
Communities, blogs, feature articles, videos and more.
SmartGrid.TMCnet.com is sponsored by TMC, an integrated, global media
company helping clients in print, in person and online, and Crossfire
Media, an integrated marketing company with a core focus on future
trends in technology. Please visit http://smart-grid.tmcnet.com.
About TMC
TMC is a global, integrated media company that supports clients' goals
by building communities in print, online, and face to face. TMC
publishes multiple magazines including Cloud Computing, IoT Evolution,
Customer, and Internet Telephony. TMCnet is the leading source of news
and articles for the communications and technology industries, and is
read by as many as one million unique visitors monthly. TMC produces a
variety of trade events, including ITEXPO, the world's leading business
technology event, as well as industry events: Asterisk World; AstriCon;
ChannelVision (CVx) Expo; DevCon5 - HTML5 & Mobile App Developer
Conference; IoT Evolution Expo; WebRTC Conference & Expo; and more. For
more information about TMC, visit www.tmcnet.com.
About Crossfire Media
Crossfire Media is an integrated marketing company with a core focus on
future trends in technology. We service communities of interest with
conferences, tradeshows, webinars and newsletters. Crossfire Media
services also include providing insight to technology companies and
associations to assist in the development of business and technical
strategy as well as the development and implementation of effective
communications and marketing strategy.
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, 2015, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160726006451/en/
Contacts:
Investor Inquiries:
ORBCOMM Inc.
Michelle
Ferris, +1-703-433-6516
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
Trade
Media:
ORBCOMM Inc.
Sue Rutherford, +1-613-254-5269
VP
of Marketing
rutherford.sue@orbcomm.com
Source: ORBCOMM Inc.
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