ROCHELLE PARK, N.J.–(BUSINESS WIRE)–ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its GlobalTrak division has completed the shipment of its state-of-the-art fuel monitoring system, which is designed to prevent theft of mission-critical fuel used by U.S. and NATO forces in Afghanistan. A team has been deployed to manage on-site installation and launch of this system.
“We believe this solution will become a major deterrent to fuel theft in both military and commercial zones throughout the globe and will significantly improve operational efficiency for fuel transporters and other key stakeholders.”
Following a comprehensive evaluation of several major companies, the Defense Logistics Agency (DLA) selected GlobalTrak for this project and determined that it was the only solution provider that could demonstrate both fuel level monitoring as well as security of the fuel ports and valves. Customers include several fuel companies who have been contracted by DLA to deliver fuel to critical points around Afghanistan.
This fuel monitoring system features an integrated tracking device that delivers near-real-time location, fuel level and security status of fuel tankers using cellular and satellite communication networks to a central data fusion and monitoring center. This data can be accessed by the customer through the Internet or by mobile devices. Customized reports can also be generated to meet a customer’s specific requirements.
The system communicates with fuel sensors that are installed in chambers of a fuel tanker and wireless security seals that can be connected to valves or other fuel access points. This high-performance solution continuously monitors fuel levels and security status and will send an alarm in the event of a sudden breach or change in fuel level. Valuable metrics on driver and company performance for transportation contractors are also delivered and serve as a powerful forensics tool for the investigation of theft events.
“The shipment of our fuel monitoring solution to Afghanistan is an exciting milestone for this project, and we are already seeing a growing market need for fuel security in areas outside the region, such as in Africa, Latin America and other parts of the Middle East, where fuel theft is also prevalent,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “We believe this solution will become a major deterrent to fuel theft in both military and commercial zones throughout the globe and will significantly improve operational efficiency for fuel transporters and other key stakeholders.”
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 CargoWatchTM 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.
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.
Robert Costantini, 703-433-6305
Chief Financial Officer
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
Jim Rhodes, 757-451-0602
Category: REMOTE MONITORING