ROCHELLE PARK, NJ -- ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced the availability of its new heavy equipment telematics solution, which includes the dual-mode PT 7000 device and the FleetEdge web application for monitoring and control of equipment used in the construction, mining, rail and utility industries. By utilizing ORBCOMM’s comprehensive solution, customers gain complete visibility of their heavy equipment fleet and are able to manage their operations more efficiently with access to near-real-time asset data and analytics.
ORBCOMM’s ruggedized PT 7000, which is available as a cellular or dual-mode satellite-cellular device, provides accurate status and position information along with key operational metrics, such as fuel consumption and engine hours, so Original Equipment Manufacturers (OEMs), dealers and end users can proactively manage their fleet worldwide. The PT 7000 works with ORBCOMM’s newly enhanced FleetEdge web application, delivering comprehensive dashboards, advanced reports and analytics, custom charts, alerts, self-service administrative functions, and more.
The ORBCOMM solution provides valuable equipment position, status and performance reports that enable customers to track asset movement to minimize theft and loss, schedule service alerts to enable preventative maintenance, monitor fuel usage to optimize fuel consumption, and more. Active alerts, including out-of-spec sensor readings, such as loss of oil pressure or high coolant temperature, can be automatically sent to a mobile device to ensure timely corrective measures are taken.
“The powerful combination of ORBCOMM’s PT 7000 and the depth of information provided by FleetEdge offers our heavy equipment customers a complete fleet management solution with a strong return on investment,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “By leveraging detailed equipment reports and analytics, customers can make informed business decisions about their fleet, while improving maintenance management, reducing operational costs and gaining better equipment performance and uptime.”
FleetEdge is available through the ORBCOMMmobile app, enabling customers to manage their heavy equipment fleet on the go from any mobile device. ORBCOMM’s mobile app runs on both iOS and Android devices to facilitate easy access to near-real-time asset data and key metrics.
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 1.5 million subscribers with a diverse customer base including premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi 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 Transportation, Target, Tropicana, Tyson Foods, Walmart and Werner Enterprises. For more information, visit www.orbcomm.com.
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, 2015, 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.
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