Welcome to our dedicated page for ORBC news (Ticker: ORBC), a resource for investors and traders seeking the latest updates and insights on ORBC stock.
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ORBCOMM Inc. (Nasdaq: ORBC) has launched a new wireless Tractor ID sensor for trailer pairing confirmation, enhancing operational efficiency for transportation fleets. This innovative sensor utilizes advanced Bluetooth and radar technology to ensure accurate tractor-trailer connections, sending automated notifications to dispatch systems. Designed to last over 7 years without external power, it integrates with ORBCOMM's solar-powered GT 1200 series telematics device, offering comprehensive fleet visibility and data insights.
ORBCOMM Inc. has announced a retrofit deal with Prime Inc., the largest refrigerated fleet in North America, to upgrade their refrigerated trailers with ORBCOMM’s advanced monitoring solution. This move ensures compliance with FSMA regulations amid the impending sunset of 3G wireless service. The integration will enhance operational efficiency, provide real-time tracking of freight temperature and location, and improve customer service. The installation is expected to complete by the end of 2021, solidifying ORBCOMM's longstanding partnership with Prime.
ORBCOMM (Nasdaq: ORBC) has signed a contract with Calian Group Ltd. to develop earth station equipment for its next-generation OGx satellite service. This collaboration with Inmarsat aims to enhance global IoT connectivity, providing high bandwidth with lower operational costs. ORBCOMM plans to start service deployment by the end of 2022, which will offer data rates nearly 40 times faster than its current service, utilizing extremely power-efficient technology. The partnership marks a significant step in expanding ORBCOMM's capabilities in the IoT industry.
ORBCOMM Inc. (Nasdaq: ORBC) has partnered with Unseenlabs to enhance its Automatic Identification System (AIS) services. This collaboration focuses on providing value-added Radio Frequency (RF) data to track 'dark' vessels—ships that turn off their AIS transponders. Unseenlabs utilizes advanced satellite technology to geolocate these vessels, offering maritime stakeholders a comprehensive view of vessel activity. This partnership aims to improve maritime safety by aiding in the detection of illegal activities at sea, such as unregulated fishing and environmental violations.
ORBCOMM Inc. (Nasdaq: ORBC) has strengthened its long-term partnership with Light Speed Logistics, enhancing real-time connectivity for their refrigerated fleet. Light Speed is retrofitting its fleet with ORBCOMM's next-gen cold chain monitoring and solar-powered asset management solutions ahead of the 3G wireless sunset in 2021. The upgrade ensures compliance with the Food Safety Modernization Act, improves operational efficiency, and enhances customer service. This collaboration underscores ORBCOMM's position as a leader in IoT solutions for logistics and transportation.
ORBCOMM has partnered with Marten Transport to retrofit its refrigerated and dry van trailers using ORBCOMM's advanced dual-mode asset tracking solutions. This upgrade is crucial due to the impending sunset of 3G wireless service at the end of 2021. Utilizing dual-mode technology, Marten will enhance load tracking and monitoring, ensuring effective communication even in remote areas. The deployment, expected to conclude by the end of 2021, aims to maximize return on investment while providing reliable tracking of freight location and temperature.
ORBCOMM Inc. (Nasdaq: ORBC) announced the expiration of its 30-day "go-shop" period related to its merger with GI Partners, which ended on May 7, 2021. No alternative acquisition proposals were submitted during this time. Following this period, ORBCOMM will enter a "no-shop" phase, restricting its ability to seek other offers, except under fiduciary conditions. The merger is projected to close in the second half of 2021, dependent on customary approvals, and will result in ORBCOMM becoming a privately-held company, ceasing to be listed on Nasdaq.
ORBCOMM has partnered with Grassmid Transport Inc. to deliver advanced telematics solutions that enhance fleet operations, safety, and compliance. The integrated in-cab and asset tracking solutions will monitor Grassmid's diverse fleet, including trucks, dry vans, and refrigerated trailers. This collaboration aims to improve operational efficiency, ensure regulatory compliance, and boost driver safety through automated management and deep data analytics. Grassmid anticipates substantial benefits from ORBCOMM's comprehensive solutions, helping reduce costs and improve customer satisfaction.
