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ROCHELLE PARK, N.J., April 30, 2019 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that the Australian Maritime Safety Authority (AMSA) has extended their contract for another year through ORBCOMM’s partner Kordia. ORBCOMM and Kordia, a leading provider of mission-critical technology solutions in Australia and New Zealand, will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts to AMSA for designated regions and specific maritime projects.
The AMSA contract award, which extends into 2020, was the result of a competitive bid among providers of space-based AIS data services. Headquartered in Canberra, Australia, AMSA is responsible for promoting maritime safety of navigation and protection of the marine environment as well as providing a national search and rescue service.
“Through our collaboration with Kordia, we have been able to help AMSA improve navigation safety and environmental protection by providing our industry-leading satellite AIS data service for the past two years,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Our continued work with AMSA and other national regulatory authorities around the world confirms ORBCOMM’s market leadership in delivering the most complete situational picture of global vessel activity available today.”
“The extension of our contract with AMSA is an exciting opportunity to continue working with ORBCOMM to facilitate maritime surveillance and intelligence, while ensuring safety of life at sea within the Australian continent and surrounding regions,” said Derek Neilsen, Executive General Manager of Maritime at Kordia. “Leveraging our mission-critical maritime communications network, we look forward to continue supporting AMSA’s efforts in one of the largest search and rescue regions of the world.”
ORBCOMM’s AIS service provides the most comprehensive and reliable global coverage, processing over 26 million messages from well over 200,000 unique vessels per day through a combination of satellite and terrestrial AIS data for marquee government and commercial customers worldwide.
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.
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.
Aly Bonilla, VP of Investor Relations
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