Fort Lee, New Jersey based ORBCOMM Inc is a leading global satellite data communications company. The company specializes in Machine-to-Machine (M2M) communications and caters to the commercial transportation, heavy equipment, industrial fixed assets, and marine/homeland security sectors.
Through a recent press release, the company announced the renewal of an agreement with Caterpillar Inc. The world famous manufacturer of heavy engineering products such as mining equipments, gas turbines and natural gas engines has renewed the agreement with ORBCOMM for satellite communication services for Product Link, their heavy equipment telematics solution. The financial terms of the contract were not disclosed.
ORBCOMM has recently added a few more countries to their network and under the renewed agreement; Caterpillar is going to enjoy the benefits of ORBCOMM networks in those countries. ORBCOMM and Caterpillar have been collaborating for many years and the ORBCOMM management is happy that Caterpillar has decided to carry forward the relationship.
“Caterpillar has been a customer of ORBCOMM for many years and we are pleased to continue that relationship. The renewal will enable Caterpillar and its customers to continue to benefit from ORBCOMM's unique communications services. Caterpillar will also benefit from our services in the countries that we have recently added to our network, including South Africa, Ghana, and Papua New Guinea,” Marc Eisenberg, CEO of ORBCOMM, commented.
It should be worthwhile to mention that apart from Caterpillar, ORBCOMM’s client list includes some of the world’s heavyweight corporations such as Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence, Komatsu Ltd., Manitowoc Crane Companies, Inc. and Volvo Construction Equipment, among other industry leaders.
ORBCOMM boasts of a well developed infrastructure comprising of global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure. This helps it deliver global AIS data from space to important government agencies that include the U.S. Department of Transportation, U.S. Customs and Border Protection and IHS Fairplay. In addition to its low-cost and reliable two-way data communication services, ORBCOMM also offers a suite of products, which are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets.
A couple of weeks ago, ORBCOMM announced financial results for the second quarter of 2010. In the report, the company declared that total revenues for the quarter ending June 30, 2010 were $7.8 million---an increase of 15.8% from the second quarter of 2009. Service Revenues for the second quarter of 2010 increased 8.3% to $7.3 million from the comparable period of 2009. Product sales increased in the second quarter to $560,000 from $50,000 in the second quarter of 2009. The company attributes this increase in sales to their Japanese subsidiary.
Madhubanti Rudra is a contributing editor for IoTevolutionworld. To read more of her articles, please visit her columnist page.Edited by
Beecher Tuttle
