Booth Transport Selects ORBCOMM’s Asset Tracking Solutions for Mixed Transportation Fleet

Rhea-AI Summary

ORBCOMM has partnered with Booth Transport, a key logistics provider in Australia, to implement its advanced asset tracking solutions for their fleet of ISO tanks, road tankers, and chassis. This collaboration aims to enhance fleet management through a unified cloud-based platform, providing real-time visibility and control over assets. ORBCOMM's technology also supports temperature monitoring, crucial for transporting sensitive products like dairy. Booth Transport is in the process of deploying these solutions across 10 depots, expecting improved operational efficiency and customer service.

Positive

• Partnership with Booth Transport for asset tracking solutions.
• Improvements in operational efficiency and logistics management.
• Enhanced visibility over fleet assets, leading to better customer service.

Negative

• None.

Leverages ORBCOMM’s triple-play offering to gain a single, unified view of ISO tanks, road tankers and chassis for optimal fleet management

ROCHELLE PARK, N.J., Feb. 03, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by Booth Transport, one of Australia’s leading national freight and logistics service providers, to provide its asset tracking solutions to monitor their fleet of ISO tanks, road tankers and chassis. ORBCOMM’s comprehensive solutions provide wireless connectivity through its industry-leading hardware and a single, unified cloud-based analytics platform for optimal fleet management across multiple asset classes.

Booth Transport is using ORBCOMM’s advanced asset monitoring solution, which features a high-sensitivity solar panel and includes some units with a wired temperature sensor, to gain complete visibility and control over their mixed fleet. ORBCOMM enables Booth Transport to monitor the temperature of dairy products in its ISO tanks and track its road tankers distributing wine and chassis transporting containers throughout the Australian continent. By leveraging ORBCOMM’s best-in-class solution, Booth Transport can access live and scheduled status updates whether their assets are in transit or in the yard, so they always know where their assets are located and if they are empty or loaded, improving turn times and yard management while saving their drivers time and fuel. ORBCOMM’s telematics solution also provides Booth Transport with the unique ability to see precise data to schedule asset maintenance, inspections and time elapsed for increased utilization and performance.

“We’re excited to work with Booth Transport, Australia’s top bulk food, container transport and logistics provider, to help them gain critical in-transit visibility and improve the productivity of their diverse fleet,” said Christian Allred, ORBCOMM’s Senior Vice President and General Manager of Global Sales. “With ORBCOMM’s triple-play offering, customers like Booth Transport can leverage the ORBCOMM Platform to streamline how they manage multiple asset types, reduce the complexity of their operations and take advantage of deep data insights to help their business run smarter.”

“We needed a fully integrated telematics solution with flexible APIs to manage our mixed fleet. ORBCOMM’s powerful platform creates an intelligent logistics environment that enables us to seamlessly track and monitor multiple asset classes through one comprehensive view,” said Mitchell Booth for Booth Transport. “Our investment in ORBCOMM’s powerful IoT technology is already benefiting our bottom line by generating significant efficiencies, improving the safety and compliance of our fleet and enhancing service to our customers, which is our top priority.”

The ORBCOMM devices can be installed externally on assets in about 10 minutes, even when the asset is loaded, making Booth Transport’s deployments quick and efficient with minimal disruption to their operations. Booth Transport is in the process of installing ORBCOMM’s asset tracking solutions at their 10 depots throughout Australia and expects to explore ORBCOMM’s other IoT offerings as part of their efforts to expand their deployment later this year.

About ORBCOMM Inc.
ORBCOMM (Nasdaq: ORBC) is a global leader and innovator in the industrial Internet of Things, providing solutions that connect businesses to their assets to deliver increased visibility and operational efficiency. The company offers a broad set of asset monitoring and control solutions, including seamless satellite and cellular connectivity, unique hardware and powerful applications, all backed by end-to-end customer support, from installation to deployment to customer care. ORBCOMM has a diverse customer base including premier OEMs, solutions customers and channel partners spanning transportation, supply chain, warehousing and inventory, heavy equipment, maritime, natural resources, and government. For more information, visit www.orbcomm.com. You can also connect with ORBCOMM at https://blog.orbcomm.com, on Twitter at @ORBCOMM_Inc, at https://www.linkedin.com/company/orbcomm or at https://www.youtube.com/c/ORBCOMM_Inc.

Forward-Looking Statements
Certain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Such forward-looking statements, including those concerning the Company’s expectations, are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from the results, projected, expected or implied by the forward-looking statements, some of which are beyond the Company’s control, that may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, specific consideration should be given to various factors described in Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and elsewhere in our Annual Report on Form 10-K, and other documents, on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise any forward-looking statements or cautionary factors, except as required by law.

ORBCOMM Contacts
For Investors:	For Trade Media:
Aly Bonilla, VP of Investor Relations	Sue Rutherford, VP of Marketing
+1 703.433.6360	+1 613.254.5269
bonilla.aly@orbcomm.com	rutherford.sue@orbcomm.com
investorrelations@orbcomm.com	mediarelations@orbcomm.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/922b8b5f-9b81-464c-9fff-c69cdbef7391

FAQ

What partnership has ORBCOMM announced?

ORBCOMM has partnered with Booth Transport to provide asset tracking solutions for their fleet.

How will Booth Transport benefit from ORBCOMM's solutions?

Booth Transport will gain improved visibility and control over its fleet, enhancing operational efficiency.

What type of solutions is ORBCOMM providing to Booth Transport?

ORBCOMM is providing asset tracking solutions that include temperature monitoring and fleet management capabilities.

When did ORBCOMM announce the partnership with Booth Transport?

The announcement was made on February 3, 2021.

What is the stock symbol for ORBCOMM?

The stock symbol for ORBCOMM is ORBC.