[February 11, 2016] |
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Lockheed Martin Selects ORBCOMM's IoT Application Platform for Automated Identification Technology Infrastructure
ORBCOMM (News - Alert) Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M), Internet
of Things (IoT) and RFID solutions, today announced that Lockheed
Martin's Aeronautics Division has selected ORBCOMM's turnkey iApp
platform as a replacement to their existing RFID-based data
collection solution. ORBCOMM's robust iApp platform will enable
automated data capture, processing, traceability and analysis of assets
located at global storage sites managed by Lockheed Martin (News - Alert), their
partners and their sellers.
ORBCOMM will utilize Lockheed Martin's next generation Automated
Identification Technology (AIT) infrastructure to automate their data
collection system. ORBCOMM's iApp platform will locate and track
mission-critical assets enabled with RFID readers using a single
enterprise solution for seamless, integrated operations. By leveraging
ORBCOMM's best-in-class IoT
platform, Lockheed Martin will improve operational efficiency,
enhance security and maximize cost savings throughout their Aeronautics
Division.
"We are pleased to be selected by Lockheed Martin as their technology
partner in building a scalable, sensor-driven data collection solution
to manage the movement of their assets around the world," said Marc
Eisenberg, ORBCOMM's Chief Executive Officer. "ORBCOMM's highly
adatable iApp platform can be quickly integrated with Lockheed Martin's
existing AIT enterprise system for immediate Return on Investment and
streamlined operations."
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 1.3 million subscribers with a diverse customer base including
premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi (News - Alert)
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 (News - Alert) Transportation, Target,
Tropicana, Tyson Foods, Walmart and Werner Enterprises. For more
information, visit www.orbcomm.com.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global
security and aerospace company that - with the addition of Sikorsky -
employs approximately 126,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration
and sustainment of advanced technology systems, products and services.
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, 2014, 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/20160211005690/en/
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