Menu

M2M FEATURE NEWS

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

SHARE THIS ARTICLE
Related Articles

KP Performance Antennas Launches ProLine Series Supporting Frequency Ranges of 2.3 to 6.4 GHz

By: Ken Briodagh    10/18/2018

New Antenna Line Designed for High Density Deployments Boasts Industry-Leading F/B & Side Lobe Suppression

Read More

MapR Announces Complementary Data Management and Logistics for NVIDIA Software

By: Ken Briodagh    10/15/2018

MapR Technologies will now support data access and production deployments for data science through the NVIDIA RAPIDS open-source software.

Read More

5G and GDPR can be boon to cyber criminals, says GlobalData

By: Ken Briodagh    10/11/2018

Following the Europol IOCTA report, in which the agency stated that 5G mobile networks and GDPR will make it difficult to track cyber criminals, Gary …

Read More

Paessler and Sigfox Announce Partnership to Accelerate IoT Adoption

By: Ken Briodagh    10/10/2018

PRTG Network Monitor Provides Visibility into the IT Infrastructure of Sigfox Network that Decreases Cost and Energy from Internet of Things Connectiv…

Read More

Magic xpi Achieves SAP-Certified Integration with SAP S/4HANA

By: Ken Briodagh    10/9/2018

Magic's integration solution empowers customers to automate and optimize processes through interoperability with SAP solutions

Read More