reports
ORBCOMM Announces Completion of Acquisition by GI Partners
ORBCOMM Announces Completion of Acquisition by GI Partners Transaction well-positions Company to continue driving innovation and long-term strategic growth in the industrial IoT ROCHELLE PARK, N.J., Sept. 01, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, today announced the completion of its acquisition by GI Partners, a leading US-based private investment management firm, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the terms of the transaction, which was announced on April 8...
ORBCOMM Achieves Cradlepoint 5G For Enterprise Branch Specialization
ORBCOMM Achieves Cradlepoint 5G For Enterprise Branch Specialization ORBCOMM to support Cradlepoint as a leading partner in bringing powerful 5G technology to global customers in the industrial IoT industry ROCHELLE PARK, N.J., Aug. 26, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has achieved 5G for Enterprise Branch Specialization from Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network edge solutions. The 5G for Enterprise Branch Specialization identifies and recognizes...
WEL Centralizes Multi-Asset Fleet Management by Utilizing ORBCOMM’s Al...
WEL Centralizes Multi-Asset Fleet Management by Utilizing ORBCOMM’s All-in-One IoT Platform Gains visibility and control of dry and refrigerated trailers through a single view of all assets and a single sign-on to streamline supply chain operations ROCHELLE PARK, N.J., Aug. 24, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by WEL Companies (WEL), a leading transportation, logistics and refrigerated warehousing company, to provide its integrated dry and refrigerated trailer tracking...
ORBCOMM Announces FCC Approval of Acquisition by GI Partners
ORBCOMM Announces FCC Approval of Acquisition by GI Partners Transaction On Track to Close in early September 2021 ROCHELLE PARK, N.J., Aug. 18, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that the Federal Communications Commission (FCC) has approved the transfer of control of ORBCOMM’s FCC authorizations in connection with the previously announced acquisition of ORBCOMM by GI Partners, a leading US-based investor in data infrastructure businesses. The FCC’s approval satisfies one of the conditions t...
ORBCOMM’s Heavy Equipment Monitoring Solution Receives Certification i...
ORBCOMM’s Heavy Equipment Monitoring Solution Receives Certification in China Opens the China market for ORBCOMM’s leading IoT technology and enables customers to improve the efficiency and performance of their in-country business operations ROCHELLE PARK, N.J., Aug. 18, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its heavy equipment monitoring solution has received the required certifications to operate in China. ACloud, a leading provider of SIM connectivity services, IoT PaaS solutions and relate...
Farmbot Selects ORBCOMM’s Satellite IoT Technology to Enable Smart Agr...
Farmbot Selects ORBCOMM’s Satellite IoT Technology to Enable Smart Agriculture Solutions Enhances visibility and management of water resources and helps farmers improve efficiency, productivity and sustainability across their operations ROCHELLE PARK, N.J., Aug. 12, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Farmbot Monitoring Solutions (Farmbot), a leading provider of remote monitoring technology for Australian agriculture, has selected ORBCOMM’s satellite IoT technology to enable their , which hel...
ORBCOMM Announces Second Quarter 2021 Results
ORBCOMM Announces Second Quarter 2021 Results – Total Revenues of $65.9 Million, Up 16% from Prior Year Period –– 90,000 Devices Shipped Drives Product Sales Growth –– Product Sales of $28.4 Million, Up 55% from Prior Year Period – ROCHELLE PARK, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2021. The following financial highlights are in thousands of dollars and unaudited. Three Months Ended Six Months Ended June 30, June 30, ...
ORBCOMM Announces Breakthrough in Total Tractor to Trailer Connected I...
ORBCOMM Announces Breakthrough in Total Tractor to Trailer Connected Intelligence Smart truck solution now includes a wireless Tractor ID sensor for trailer pairing confirmation ROCHELLE PARK, N.J., July 20, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has launched a wireless , which enables trailer pairing confirmation for improved driver and operational efficiency. This latest innovation in ORBCOMM’s smart truck solution is focused on bringing total tractor to trailer intelligence for enhanced vi...
Prime Upgrades Fleet With ORBCOMM’s Next Generation Refrigerated Monit...
Prime Upgrades Fleet With ORBCOMM’s Next Generation Refrigerated Monitoring Solution Ensures the reliability and efficiency of their communications along the cold chain and protection from network obsolescence ROCHELLE PARK, N.J., July 14, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Prime Inc. (Prime), the largest refrigerated fleet in North America, has begun the retrofit of their refrigerated trailers with ORBCOMM’s next generation refrigerated monitoring solution in preparation for the sunsetting ...
ORBCOMM Partners With Calian to Develop Earth Station Equipment for Ne...
ORBCOMM Partners With Calian to Develop Earth Station Equipment for Next-Gen OGx Service Achieves milestone supporting the delivery of ORBCOMM’s higher data rate and power-efficient OGx offerings to the global IoT industry ROCHELLE PARK, N.J., June 29, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has signed a contract with Calian Group Ltd. (TSX: CGY), a leading provider of engineering services, software development, training and technical services, to develop earth station equipment for ORBCOMM’s ...
ORBCOMM Announces Expiration of Hart-Scott-Rodino Waiting Period
ORBCOMM Announces Expiration of Hart-Scott-Rodino Waiting Period Acquisition by GI Partners On Track to Close in the Second Half of 2021 ROCHELLE PARK, N.J., June 18, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”) in connection with the terms of the previously announced acquisition of ORBCOMM by GI Partners, a leading US-based investor in data infrastructure businesses, expired at 11:59 p.m. ET on J...
Unseenlabs Partners With ORBCOMM to Provide Maritime Surveillance Serv...
Unseenlabs Partners With ORBCOMM to Provide Maritime Surveillance Service for Government and Commercial AIS Customers Enhances ORBCOMM’s AIS service with value-added RF data on “dark” vessels at sea to improve maritime safety and security worldwide ROCHELLE PARK, N.J., May 20, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has entered into a global commercial reseller agreement with Unseenlabs, a French company that specializes in the geolocation of ships at sea and a European leader in satellite Rad...
Light Speed Logistics Upgrades Mixed Fleet With ORBCOMM’s Next-Gen Ass...
Light Speed Logistics Upgrades Mixed Fleet With ORBCOMM’s Next-Gen Asset Management Solutions Extends successful, long-term relationship with ORBCOMM for real-time connectivity, visibility and traceability of reefers and dry vans and protection from network obsolescence ROCHELLE PARK, N.J., May 18, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Light Speed Logistics (Light Speed), a Canada-based company offering trucking, shipping, hauling, freight and logistics services throughout North America, has be...
Marten Transport Upgrades Fleet With ORBCOMM’s Next Generation, Dual-M...
Marten Transport Upgrades Fleet With ORBCOMM’s Next Generation, Dual-Mode Asset Tracking Solutions Leverages ORBCOMM’s unique, dual-mode technology to ensure the reliability and efficiency of their communications and protection from network obsolescence ROCHELLE PARK, N.J., May 11, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Marten Transport (Marten), one of the largest refrigerated truckload, dedicated, intermodal and brokerage providers in North America, has begun the retrofit of their fleet of ref...
ORBCOMM Announces Expiration of “Go-Shop” Period
ORBCOMM Announces Expiration of “Go-Shop” Period Acquisition by GI Partners On Track to Close in the Second Half of 2021 ROCHELLE PARK, N.J., May 10, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced the expiration of the 30-day “go-shop” period under the terms of the merger agreement between ORBCOMM and GI Partners, a leading US-based investor in data infrastructure businesses, which was previously announced on April 8, 2021. The “go-shop” period expired at 11:59 pm ET on May 7, 2021. No alternative acquisitio...
Grassmid Transport Selects ORBCOMM’s Integrated In-Cab and Asset Trac...
Grassmid Transport Selects ORBCOMM’s Integrated In-Cab and Asset Tracking Solutions for Its Multi-Asset Fleet ORBCOMM’s telematics triple play transforms business operations to deliver fleet-wide improvements in safety, efficiency and compliance ROCHELLE PARK, N.J., May 04, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by Grassmid Transport Inc. (Grassmid), a premier provider of truckload carrier services based in Zeeland, MI, to provide its integrated and to monitor their fleet...
ORBCOMM Wins 2021 Ragan Communications Employee Engagement Award
ORBCOMM Wins 2021 Ragan Communications Employee Engagement Award Recognizes new employee intranet site with Honorable Mention for creating exceptional internal communications initiatives that keep employees engaged and informed ROCHELLE PARK, N.J., April 29, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its newly designed employee intranet, Pulse, has received an Honorable Mention in the category of Employee Engagement – Intranet for Ragan Communications’ 2021 Employee Communications Awards. Ragan’s aw...
ORBCOMM Announces First Quarter 2021 Results
ORBCOMM Announces First Quarter 2021 Results – Total Revenues of $63.7 Million, In Line with Guidance –– 87,000 Devices Shipped Drives Product Sales Growth –– Company Adds 50,000 Net Subscribers in Q1 Bringing Total Subscribers to 2.28 Million – ROCHELLE PARK, N.J., April 29, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2021. The following financial highlights are in thousands of dollars and unaudited. Three Months Ended March 31, 2021 2020Recurring ...
Ron Finemore Transport Realizes Measurable Savings and Improvements Wi...
Ron Finemore Transport Realizes Measurable Savings and Improvements With ORBCOMM’s Integrated Asset Management Solutions Improves driver safety, vehicle utilization and maintenance planning across fleet of prime movers and trailers transporting goods across the east coast of Australia ROCHELLE PARK, N.J., April 14, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Ron Finemore Transport (Ron Finemore), one of Australia’s leading regional and inter-capital transport carriers, is realizing significant saving...
ORBCOMM Enters into Agreement to be Acquired by GI Partners
ORBCOMM Enters into Agreement to be Acquired by GI Partners ORBCOMM Stockholders to Receive $11.50 Per Share in Cash Transaction Provides Significant Premium to ORBCOMM Stockholders ROCHELLE PARK, N.J., April 08, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the...
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