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ORBCOMM Launches Next Generation Cold Chain Monitoring SolutionORBCOMM (News - Alert) Inc. (Nasdaq:ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has launched the next generation of its cold chain monitoring solution. ORBCOMM's PT 6000, which is available as a 3G or LTE (News - Alert) cellular or dual-mode satellite-cellular version, enables fuel and temperature management, maintenance, logistics and regulatory compliance for refrigerated transport assets. As part of ORBCOMM's comprehensive telematics solution that includes sensors, connectivity and the CargoWatch® application, the compact, ruggedized PT 6000 enables complete visibility and control of cold chain operations to help ensure the integrity of temperature-controlled cargo as it moves along the supply chain. ORBCOMM's enhanced reefer management solution provides the precise temperature monitoring capabilities and records needed for compliance with the FDA's Food Safety Modernization Act regulatory requirements. The solution can remotely set reefer temperature, change reefer state, initiate a defrost and more with two-way commands. It can also receive real-time alarms when specific conditions are detected, such as an active reefer is turned off, cargo area temperature deviates from the set points or does not match values specified by the order, an asset enters or exits a geofence, and rapid fuel loss is detected.
"In refrigerated trucking, it is critical for fleet owners to be compliant with the FDA's Food Safety Modernization Act, and ORBCOMM's technology provides the end-to-end visibility and control to meet these regulatory requirements and ensure the highest level of service throughout the cold chain," said Craig Malone, ORBCOMM's Executive Vice President of Product Development. "We continue to see a migration toward IoT technology as part of our transportation customers' core strategies to reduce costs and add efficiencies, and we are pleased to be the solution provider of choice for some of the biggest names in the industry." To learn more about ORBCOMM's next generation cold chain monitoring solution, please schedule a meeting with ORBCOMM (Booth 507) at the in.sight User Conference in Nashville, TN, from August 14-16, 2017. Christoph Kalinski, ORBCOMM's VP of Food Safety and Pharmaceutical Solutions, will also be participating in a panel discussion at the conference titled, "The Food Supply Chain: Leveraging IoT Technology for Increased Visibility, Optimization and Compliance," on Tuesday, August 15 at 3:00 pm. 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. 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, 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.
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