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ORBCOMM Inc. (Nasdaq: ORBC) announced a partnership with Africa Wildlife Tracking (AWT) to enhance wildlife monitoring via ORBCOMM's satellite IoT technology. This collaboration aims to combat increasing poaching threats exacerbated by the COVID-19 pandemic. AWT will use ORBCOMM's satellite modems for near real-time GPS tracking of endangered species, improving data collection and analysis of animal behavior. The robust IoT devices can withstand challenging environments, ensuring reliable communication for conservation efforts.
ORBCOMM Inc. has been selected by Armellini Express, a leading transporter of fresh cut flowers, to implement its in-cab solution for their fleet. This advanced solution enhances fleet visibility and management through real-time GPS tracking and engine data. Armellini Express aims to improve compliance, driver safety, and operational efficiency, expecting full deployment by early Q4 2020.
Rick Ochsendorf has joined ORBCOMM's executive leadership team as Senior Vice President of Customer Operations for North America transportation. With 34 years of experience, he will enhance customer relationships and oversee IoT product implementation. Ochsendorf previously managed technology, sales, and customer experience teams at Trimble Transportation Mobility. ORBCOMM CEO Marc Eisenberg highlighted that Ochsendorf's expertise will be crucial in maximizing technology and support for transportation customers, particularly with the new ORBCOMM Platform.
ORBCOMM has expanded its partnership with Terex Corporation, enhancing a longstanding agreement to provide telematics solutions for heavy machinery. This expansion includes a seven-year service extension for ORBCOMM’s telematics systems, with automatic renewal options. The collaboration focuses on technological innovation, leveraging ORBCOMM’s next-gen FleetEdge 4 platform, aimed at improving operational efficiency and cost savings. Terex will also deploy ORBCOMM’s global telematics devices on its machines, ensuring seamless connectivity and enhanced data monitoring for customers worldwide.
ORBCOMM (NASDAQ: ORBC) will host a conference call on July 30, 2020, at 8:30 AM ET to discuss its second quarter 2020 financial results. CEO Marc Eisenberg and CFO Dean Milcos will lead the call. A press release detailing the financial results will be issued prior to the call. U.S. participants can join by calling 1-844-735-3762, while international participants should dial 1-412-317-5710. An archived webcast will be available on ORBCOMM's investor relations website following the call. The replay will be accessible from July 30 to August 13, 2020.
ORBCOMM has announced a multi-year contract extension with IHS Markit for satellite Automatic Identification System (AIS) data services, enhancing ship tracking and safety measures. This renewal showcases ORBCOMM’s leadership in the maritime sector since IHS Markit has been a partner since 2009. The contract supports various web-based maritime solutions, aiding customers in operational efficiency and compliance. ORBCOMM is also set to expand its AIS service with new CubeSats, increasing coverage and improving tracking of smaller vessels.
ORBCOMM (NASDAQ: ORBC), a leader in IoT and M2M solutions, announced that CEO Marc Eisenberg and CFO Dean Milcos will participate in the 17th Annual Craig-Hallum Institutional Investor Conference on May 27, 2020. This virtual conference allows registered investors to schedule one-on-one meetings with company management. ORBCOMM provides comprehensive asset monitoring and control solutions, enhancing operational efficiency across various industries including transportation, supply chain, and government. For more information, visit www.orbcomm.com.
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