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ORBCOMM expects nearly all of its product lines to incorporate dual-mode connectivity within a year.
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.
The new satellite enhances dual-mode capability for ORBCOMM's transportation solutions, affecting both new installations and currently fielded units.
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.
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. entered into a $200,000,000 five-year term loan facility.
ORBCOMM Inc. entered into a $50,000,000 revolving credit facility.
ORBCOMM Inc. ended its previous $25,000,000 revolver 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.
The first of Orbcomm’s two AAC Clyde AIS cubesats is projected to launch in December and the second is projected to launch between the beginning of April and the end of June.
Orbcomm provides AIS data through a network of 13 satellites, some owned and some operated through partners.
ÅAC Clyde received a contract from Orbcomm of Rochelle Park, New Jersey to build and operate two cubesats for Automatic Identification System ship-tracking.
Clyde Space partnered with Orbcomm to build and launch two Automatic Identification System-enabled cubesats in 2020 under a project worth nearly $6,000,000 over five years.
Clyde Space, a subsidiary of ÅAC Microtec, plans to build and begin operating two cubesats equipped with Automatic Identification System receivers for Orbcomm in 2020.
The contract between ÅAC Microtec’s Clyde Space and Orbcomm is valued at 54 million Swedish Krona ($5,900,000).
More than 90 percent of Orbcomm’s communications traffic is carried by its OG2 satellites launched in 2014 and 2015.
Sierra Nevada Corporation lacks experience building large numbers of geostationary-orbit (GEO) satellite buses and instead has experience building smaller LEO satellites including the second-generation Orbcomm constellation.