ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) solutions, today announced a multi-year agreement with Hub Group,
Inc. (Hub Group) (Nasdaq:HUBG) to deploy ORBCOMM’s GT 2300
state-of-the-art intermodal container tracking and monitoring platform.
This agreement reinforces ORBCOMM’s position as the leader in intermodal
container tracking solutions featuring GPRS or satellite communication
as stated in Berg Insight’s May 2013 Container Tracking and Security
Report.
A leading provider of comprehensive intermodal, truck brokerage and
logistics services throughout North America, Hub Group evaluated several
providers and selected ORBCOMM to develop this telematics solution. Hub
Group will integrate ORBCOMM’s GT 2300 solution to more accurately
identify loading and unloading events, which should reduce container
idle time and increase customer satisfaction. Hub Group anticipates
ORBCOMM’s advanced GT 2300 platform will improve the information flow
across the multiple touch points between its intermodal/drayage and
back-office operations, providing customers with greater visibility to
their loads. In addition, this solution further differentiates Hub Group
in the market by improving the timeliness of pick-up and delivery
information, which is expected to lead to improved equipment utilization.
ORBCOMM’s GT 2300 is the first device of its kind to use customizable
reporting profiles to optimize critical data delivery and power
management for extended battery life. This unique device is also
designed to fit internally within the container corrugations to avoid
damage during cargo loading, unloading and movement. ORBCOMM’s powerful
systems solution combines position, load stage, door events, and cargo
status to provide efficient delivery of vital asset information where
and when customers need it.
“We are pleased to have been selected as Hub Group’s telematics solution
provider,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “Hub
Group’s selection of the GT 2300 demonstrates the utility of ORBCOMM
solutions in the intermodal marketplace as we help drive this industry
to higher levels of performance.”
“This long-term agreement with ORBCOMM demonstrates our shared
commitment to technology, innovation and leadership. This engagement
demonstrates our confidence in ORBCOMM’s expertise in developing
premier, end-to-end telematics systems,” said Chris Kravas, Chief
Intermodal Officer at Hub Group. “ORBCOMM’s solution will play a
significant role in improving shipment visibility and enhancing service
to our customers.”
Hub Group will begin deployment of the ORBCOMM system in the first
quarter of 2014.
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its
customers include Caterpillar Inc., Doosan Infracore America, Hitachi
Construction Machinery, Hyundai Heavy Industries, I.D. Systems, Inc.,
Komatsu Ltd., Cartrack (Pty.) Ltd., and Volvo Construction Equipment,
among other industry leaders. By means of a global network of low-earth
orbit (LEO) satellites and accompanying ground infrastructure as well as
our Tier One cellular partners, ORBCOMM’s low-cost and reliable two-way
data communication services track, monitor and control mobile and fixed
assets in our core markets: commercial transportation; heavy equipment;
industrial fixed assets; marine; and homeland security.
ORBCOMM is an innovator and leading provider of tracking, monitoring and
control services for the transportation market. Under its ReeferTrak®,
GenTrakTM, GlobalTrak®, and CargoWatch®
brands, the company provides customers with the ability to proactively
monitor, manage and remotely control their cold chain and dry transport
assets. Additionally, ORBCOMM provides Automatic Identification System
(AIS) data services for vessel tracking and to improve maritime safety
to government and commercial customers worldwide. ORBCOMM is
headquartered in Rochelle Park, New Jersey and has its network control
center in Dulles, Virginia. For more information, visit www.orbcomm.com.
About Hub Group, Inc.
Hub Group, Inc. is a leading asset-light freight transportation
management company providing comprehensive intermodal, truck brokerage
and logistics services. The Company operates through a network of
offices and independent agents throughout the United States, Canada and
Mexico.
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 for the year ended December 31, 2012, 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.
Copyright Business Wire 2013