ORBCOMM’s New, Versatile Communication Device Enables Solution Providers to Easily Add Satellite Connectivity to IOT Applications

Rhea-AI Summary

ORBCOMM Inc. has launched the ST 2100, a satellite communications device designed to enhance IoT applications in remote areas. This device offers dual-mode connectivity, allowing users to maintain communication even when cellular networks are unreliable. Key features include a built-in navigation module and over-the-air updates. ORBCOMM aims to leverage this innovation to support industries like fleet management and maritime, improving asset visibility and operational efficiency.

Positive

• Launch of the ST 2100 enhances ORBCOMM's portfolio in satellite IoT solutions.
• Device supports dual-mode connectivity, expanding market reach for solution providers.
• Over-the-air updates increase efficiency by reducing the need for technician visits.

Negative

• None.

Offers cost-effective, two-way satellite communications and reliable dual-mode coverage in remote areas around the world with limited cellular connectivity

ROCHELLE PARK, N.J., Oct. 20, 2020 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has launched the ST 2100, a state-of-the-art satellite communications device that enables solution providers to easily add satellite connectivity to their IoT applications and expand to dual-mode connectivity in remote areas with limited cellular coverage. ORBCOMM’s rugged and environmentally sealed ST 2100 is targeted for a number of vertical markets, such as fleet management, maritime and utilities, including fixed and mobile assets.

ORBCOMM’s ST 2100 can be quickly and easily integrated into a variety of IoT applications with minimal development. Solution providers can leverage the versatile ST 2100 to provide backup satellite connectivity or serve as the sole communications device where cellular networks are unavailable or unreliable, including areas with high network congestion. The power-efficient device offers maximum reliability and security by allowing messages to be sent during temporary power loss. The device also includes a built-in navigation module that enables global reporting of location data to provide complete visibility for industrial IoT solutions. In addition, over-the-air satellite updates allow the ST 2100 to receive updated firmware versions without having to send a technician to the site, saving time and money to enable new features. With ORBCOMM’s new device, solution providers can deliver ubiquitous and affordable dual-mode connectivity to customers, along with enhanced communication reliability, improved asset visibility and access to new markets and geographies.

“ORBCOMM is continuing to focus on dual-mode innovation as a key driver to growth, and we’re pleased to launch our new ST 2100 for solution providers to cost-effectively add satellite connectivity to their IoT applications and quickly expand their market reach,” said Craig Malone, ORBCOMM’s Executive Vice President of Product Development. “By leveraging ORBCOMM’s strength in satellite IoT, we’ve created a robust, satellite communications device that enhances the reliability, performance and longevity of asset tracking and monitoring solutions nearly anywhere in the world.”

For more information about ORBCOMM’s new satellite IoT communications device, please visit https://www2.orbcomm.com/st2100.

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.

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:                                                        
Aly Bonilla, VP of Investor Relations                        
+1 703.433.6360                                                
bonilla.aly@orbcomm.com                                          
investorrelations@orbcomm.com                                

For Trade Media:
Sue Rutherford, VP of Marketing
+1 613.254.5269
rutherford.sue@orbcomm.com
mediarelations@orbcomm.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d30476c-ea92-4bd2-9398-c34c7d350567

FAQ

What is ORBCOMM's latest product launch?

ORBCOMM has launched the ST 2100, a satellite communications device for IoT applications.

How does the ST 2100 benefit IoT applications?

The ST 2100 provides dual-mode connectivity, improving communication reliability in remote areas.

What industries can utilize ORBCOMM's ST 2100 device?

The device targets industries such as fleet management, maritime, and utility sectors.

When was the ST 2100 announced?

The ST 2100 was announced on October 20, 2020.

How does the ST 2100 improve asset visibility?

It includes a navigation module for global reporting of location data, enhancing asset tracking.