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.”
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. ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the transportation market. Under its ReeferTrak ®, GenTrak TM, GlobalTrak TM, and CargoWatch TM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their cold chain and dry transport assets. Additionally, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. ORBCOMM is headquartered in Rochelle Park, New Jersey and has its network control center in Dulles, Virginia. For more information, visit www.orbcomm.com. About Doosan Infracore Co. Ltd. Doosan Infracore is a world-class machinery maker, providing top-quality products and services in the business areas of construction equipment, machine tools, engines, attachments and utility. The company leads Doosan’s ISB (Infrastructure Support Business) segment, bolstering overall product competitiveness and market position through ongoing technology and quality enhancement. Doosan Infracore represents world-renowned brands, including Doosan, Bobcat, Montabert, Geith, Tramac, and Doosan Infracore Portable Power, and operates a broad global business network that includes local sales subsidiaries, branches, parts centers and technical centers in diverse locations in the world as well as our dealer organization network extending worldwide. In addition, the company has built large-scale factories in Korea, China, the US, Belgium, Germany, France, Hungary, Norway and Brazil to produce various kinds of construction equipment and machine tools that enable us to satisfy the diverse needs of local customers.
Forward-Looking StatementsCertain 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, 2012, 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.