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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ORBC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ORBC's position in the market.
ORBCOMM Inc. announced its readiness to assist in the global distribution of the COVID-19 vaccine through its IoT solutions that ensure visibility and integrity of temperature-sensitive freight in the cold chain. The company provides real-time monitoring for refrigerated shipments, triggering alarms for temperature deviations. ORBCOMM's dual-mode connectivity enables reliable tracking in remote areas. The company anticipates adapting its solutions to meet new regulatory requirements for vaccine distribution, reinforcing its leadership in cold chain logistics.
ORBCOMM Inc. (Nasdaq: ORBC) has launched a new satellite accessory that enhances its cellular asset tracking solutions by adding two-way global satellite connectivity. This new dual-mode capability allows customers to maintain reliable communication even where cellular networks are weak. The accessory supports existing devices impacted by the 3G sunset, ensuring continuity in operations. Additionally, it features a built-in navigation module for global location reporting and over-the-air updates for firmware without on-site visits.
ORBCOMM Inc. (Nasdaq: ORBC) has launched a new satellite accessory that integrates two-way global satellite connectivity with its cellular asset tracking devices. This technology enhances transportation solutions by providing reliable communications in areas lacking cellular coverage. The accessory is designed to prolong the lifecycle of existing devices, especially with the phase-out of 3G networks. It features a built-in navigation module for location tracking and offers over-the-air firmware updates, aiming to enhance operational efficiency for fleet management and cold chain monitoring.
ORBCOMM has entered a $200 million five-year term loan facility and a $50 million revolving credit facility to enhance its capital structure. This new financing replaces previous senior secured notes at a lower interest rate. CEO Marc Eisenberg highlighted the potential for reduced debt levels and organic growth, following several acquisitions and integration efforts. The term loan, maturing December 2, 2025, will allow the company to execute its business plan more effectively. The financing was facilitated by JPMorgan Chase through a bank syndicate.
ORBCOMM Inc. has partnered with Ponce, an Argentinian IoT company, to enhance agricultural efficiency in Latin America. Their irrigation solutions leverage ORBCOMM’s reliable satellite technology, enabling farmers to save costs and water while improving equipment management. La Guía, a prominent client, reports significant savings, including 90 hours of water waste reduction annually and 50% fuel savings through alerts for equipment abnormalities. This collaboration underscores ORBCOMM’s role in promoting sustainable farming practices across the region.
ORBCOMM has unveiled an enhanced IoT solution for monitoring refrigerated containers onboard vessels, utilizing LoRa WAN technology. This innovation, developed in partnership with Net Feasa, offers real-time tracking and monitoring, enhancing operational efficiency and eliminating the visibility gap for refrigerated containers at sea. The system adheres to the new IoT connectivity standards set by the Digital Container Shipping Association. ORBCOMM aims to support global supply chain transparency and reliability, ensuring improved cargo quality and security.
ORBCOMM Inc. has upgraded its ORBCOMM Platform with over 200 new features and updates in just 90 days, enhancing the customer experience for transportation fleets. The platform has received a 2020 IoT Edge Computing Excellence Award, showcasing its innovation in the IoT marketplace. Key improvements include advanced analytics reports, compliance updates, and expanded telematics capabilities, allowing for greater operational efficiencies and fleet visibility. The platform now supports millions of subscribers, processing over 100,000 messages per second.
ORBCOMM Inc. (Nasdaq: ORBC) has launched the ST 9100, a cutting-edge dual-mode telematics device designed for asset monitoring in remote areas. This device supports various IoT applications including vehicle security and fleet management, with multi-network connectivity over LTE and satellite communication. Key features include a larger backup battery for up to 48 hours of operation during power failure, enhanced inputs/outputs, and a rugged design rated IP67. The device also supports Bluetooth 5.0 for sensor integration, enabling wireless troubleshooting and mobile data visualization.
ORBCOMM has launched the new ST 9100, a dual-mode telematics device designed for asset monitoring in remote areas. This innovative device supports multi-network connectivity with LTE capabilities and satellite options, ensuring global coverage. Key features include enhanced battery life for 48 hours of operation, improved programmability, and durability against extreme conditions. It facilitates a range of IoT applications across sectors including transportation, construction, and utilities. The device also supports Bluetooth 5.0 for integration with sensors and mobile applications.
