This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ORBCOMM Acquires The SENS Asset Tracking Operation

ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Comtech Mobile Datacom Corporation’s (Comtech) Sensor Enabled Notification System (SENS) operation, which includes satellite hardware, network technology and web platforms. SENS is a market leader in providing one-way satellite products and services to more than 20,000 subscribers worldwide.

This acquisition supports ORBCOMM’s multi-network operator strategy and strengthens ORBCOMM’s position as the leading provider of satellite and cellular communications for the M2M industry. In addition, this opportunity complements ORBCOMM’s recently acquired GlobalTrak business, which uses Comtech’s SENS technology for its military container tracking applications in Pakistan and Afghanistan, its fuel monitoring program in support of the Defense Logistics Agency as well as other global deployments.

SENS provides secure tracking and messaging products and services to the government, defense, transportation, logistics, and oil & gas industries, all of which are key vertical markets for ORBCOMM. The SENS system, which consists of satellite-based tracking devices, a network hub and an Internet-based back-office platform, enables customers to retrieve and view critical data from the field via the Globalstar satellite network.

“The SENS acquisition expands ORBCOMM’s portfolio of services by adding new offerings to our existing suite of satellite and cellular network services,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “We see this market segment growing rapidly based on customers that can benefit from the Globalstar network’s reliable, low-power, low-cost, one-way satellite data service for short messaging along with its unique advantages in power management.”

ORBCOMM will integrate the SENS operation and continue to support existing SENS customers, while marketing SENS products and services through ORBCOMM’s global distribution channels.

About ORBCOMM Inc.

ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi 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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,072.03 +47.97 0.27%
S&P 500 2,114.32 +6.03 0.29%
NASDAQ 5,016.7610 +11.37 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs