ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Doosan Infracore Co. Ltd. (Doosan) has selected ORBCOMM to deliver an end-to-end telematics solution tailored for Doosan as well as their customers and dealers for global deployment. ORBCOMM’s comprehensive solution will provide global satellite data service combined with cellular connectivity through ORBCOMM’s wireless partners, including AT&T and Vodafone, along with state-of-the-art hardware and a robust web-based analytics platform for asset management.
Doosan manufactures a wide selection of construction equipment, machine tools and engines sold under the Doosan, Bobcat, Montabert, Geith, and other brand names. Doosan will use ORBCOMM’s telematics solution to track and monitor their global fleet of construction equipment. This solution provides important information, including advanced data reporting and analytics capabilities, to support Doosan as well as their dealers and customers through a powerful web portal customized for Doosan by ORBCOMM’s team of engineers. By leveraging this high-performance technology, Doosan can best support their extensive equipment deployments throughout the world, increasing asset utilization, productivity and customer service.
“We are excited to work with Doosan, a premier global OEM and industry leader, on developing a complete telematics solution to manage their global business,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our collaboration with Doosan supports ORBCOMM’s strategy of delivering full-service offerings to the M2M industry. From connectivity to hardware to web applications, we provide everything needed to support and improve our partners’ business processes through technology.”
“After a careful look at the companies that could work with Doosan to develop an end-to-end telematics solution, ORBCOMM was the appropriate choice with its broad portfolio of integrated M2M products and services and proven expertise and leadership specifically within the heavy equipment industry,” said SY Lee, Vice President of Doosan Infracore Co. Ltd. “The valuable data insights we receive from the diagnostics and reporting capabilities of this innovative web platform will help us drive better utilization of our equipment for our customers.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts