ORBCOMM Reaches Settlement on Satellite Insurance Claim

By Jai C.S. December 28, 2009
ORBCOMM Inc., a global satellite data communications company focused on two-way M2M communications, announced recently that it has reached a settlement with its satellite insurers on all claims relating to the Coast Guard Demonstration satellite and five quick launch satellites.
Reportedly, the company has received a $44.2 million insurance settlement related to its Quick Launch satellite program, which failed after launch in June 2008.
ORBCOMM initially had filed for a $50 million insurance claim in November for the six Quick Launch satellites, the group of spacecraft, manufactured by OHB.
ORBCOMM now retains ownership of the two quick launch satellites still operating.
The Coast Guard Demonstration satellite and five quick launch satellites were launched by the company using a Cosmos 3M launch vehicle. These satellites, at that point, were believed by the company to have higher capacity to enhance ORBCOMM’s network performance and were placed in an optimum orbit to augment other satellites, to provide faster message delivery for the company’s new and existing customers.
Since launching, communications capability for three of the quick-launch satellites and the CDS was said to have been lost.
ORBCOMM has been enabling narrow band two-way digital messaging, data communications and geo-positioning services on a global basis.
The company owns and operates a network consisting of Low Earth Orbit satellites and terrestrial gateways deployed around the world. Key focus is on four core markets: commercial transportation, heavy equipment, industrial fixed assets and marine/homeland security. ORBCOMM-based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets.

Jai C.S. is a contributing editor for IoTevolutionworld. To read more of Jai's articles, please visit his columnist page.

Edited by Marisa Torrieri

IoTevolutionworld Contributor

Related Articles

Hey Health Care Professionals! Let's Solve Security

By: Ken Briodagh    11/25/2015

I love how readily the health care industry has taken to the IoT. You folks are leading the way in both enterprise and consumer-facing M2M technology,…

Read More

Ingenu Launches National IoT Machine Network in US

By: Ken Briodagh    11/24/2015

Ingenu, a connectivity provider exclusively for machine networks, recently announced the initial rollout of its Machine Network, which will cover 30 m…

Read More

The Shopping Mall of Things: A Black Friday in the Life of the IoT

By: Special Guest    11/23/2015

While we have seen examples of some high-end retailers closing their doors for good, such as Blockbuster and Borders, brick and mortar retailers have …

Read More

Atmel Brings Improves WeChat's IoT Capability

By: Frank Griffin    11/17/2015

As more of the things around us become smarter, the information they transmit must be secured to protect the data. One of the largest social media com…

Read More

The IoT Explained by Connected Coffee

By: Special Guest    11/12/2015

Broadly speaking, IoT is shorthand for smart, networked devices utilizing applications to communicate all manner of information. Through a concept cal…

Read More