ORBCOMM is an American company and a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, offering services like satellite data communication for tracking and monitoring assets. They operate a global network of low Earth orbit (LEO) satellites and ground infrastructure. ORBCOMM serves various industries, including transportation, maritime, heavy equipment, and government, with partners and customers like Caterpillar, John Deere, and S&P Global.
All verified mentions of this organization in source documents.
IWX Motor Freight, based in Springfield, Missouri, selected ORBCOMM Inc. to provide cold chain telematics solutions to track, monitor, and control its refrigerated trailers.
IWX is installing the ORBCOMM solution and expects to complete the deployment in the second quarter of 2021.
Zachry expects to complete installation of ORBCOMM’s telematics solution by the end of the first quarter of 2021.
Zachry uses operational metrics from ORBCOMM to improve job costing and accountability of equipment usage.
ORBCOMM was selected by McColl’s Transport to provide asset tracking solutions to monitor ISO tanks throughout Australia.
The ORBCOMM Platform’s capacity has been expanded to process more than 100,000 messages per second.
The ORBCOMM Platform’s increased processing capability enables customers to expand deployments, access higher levels of visibility, and enable more sophisticated solutions in a 0.005 kg, sensor-enabled IoT ecosystem.
ORBCOMM Inc. (Nasdaq: ORBC) won a single-award Indefinite Delivery Indefinite Quantity contract of up to $45,600,000 with the U.S. Army for the Next Generation Tag program.
ORBCOMM Inc. has launched a new satellite as an accessory offering that adds two-way global satellite connectivity to its cellular asset tracking and monitoring devices.
Connecting the peripheral to a new or existing ORBCOMM asset tracking and monitoring device enables cost-effective dual-mode connectivity for enhanced fleet management and monitoring solutions.
ORBCOMM’s satellite accessory features a satellite modem integrated with a state-of-the-art antenna for backup satellite connectivity in areas where cellular networks are unavailable or unreliable.
ORBCOMM expects nearly all of its product lines to incorporate dual-mode connectivity within a year.
The new satellite enhances dual-mode capability for ORBCOMM's transportation solutions, affecting both new installations and currently fielded units.
The proceeds of the Term Loan, together with $20,000,000 from the new revolving credit facility and cash on hand, were used to redeem ORBCOMM’s outstanding 8.00 percent senior secured notes at 104 percent of their principal amount plus accrued and unpaid interest to, but excluding, 2020-12-02.
ORBCOMM Inc. ended its previous $25,000,000 revolver facility.
ORBCOMM Inc. entered into a $200,000,000 five-year term loan facility.
ORBCOMM Inc. entered into a $50,000,000 revolving credit facility.
ORBCOMM provides satellite IoT technology used in irrigation solutions for farmers throughout Latin America.
ORBCOMM partnered with Net Feasa to deploy the first commercially available LoRa-based solution to monitor containers on board vessels for a large global shipping line.
ORBCOMM and Inmarsat extended their agreement to provide L-band satellite service through 2035, at a minimum.