Science & Technology
Science and Technology
Science and Technology
Tue, February 10, 2009 Doosan Infracore America Selects ORBCOMM-Based Telematics Application from MobileNet as Standard Equipment
FORT LEE, N.J.--([ BUSINESS WIRE ])--ORBCOMM Inc. (Nasdaq: ORBC), a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and MobileNet, Inc. a global solutions provider specializing in heavy equipment telematics applications, today announced that Doosan Infracore America (DIA) has selected MobileNet's TrakPak application as the GPS system to be included as standard equipment on new qualifying Doosan DX Series Excavators and DL Series Wheel Loaders.
"The decision by Doosan to use ORBCOMM for data communications affirms our position as the leading satellite network amongst commercial OEMs for telematics applications," said Marc Eisenberg, Chief Executive Officer of ORBCOMM. "ORBCOMM is fortunate to have resellers like MobileNet that continue to deliver unique and exciting applications that utilize our global machine-to-machine satellite data network."
"The TrakPak system developed by MobileNet utilizes ORBCOMM's global two-way data communications capability to monitor equipment conditions, ranging from location, work hours, geo fencing, unauthorized use alerts, fuel consumption, and productivity, among others," said Bill Purdie, CEO of MobileNet.
MobileNet's TrakPak application is an onboard vehicle monitoring and communications system that helps heavy equipment users improve operational efficiency by remotely monitoring machine usage. The system tracks and communicates key productivity and performance information, which can be accessed through an online web site, providing a detailed examination of individual machine's operation. The system uses ORBCOMM's global low Earth orbit (LEO) satellite constellation for communications, relaying critical positioning and operational data from the machine to the MobileNet back office application.
About ORBCOMM
ORBCOMM is a leading global satellite data communications company, focused on Machine-to-Machine (M2M) communications. Its customers include Caterpillar Inc., Doosan Infracore America, General Electric, Hitachi Construction Machinery, Komatsu Ltd., and Volvo Group among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMM's low-cost and reliable two-way data communications products and services track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. The Company's products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has a network control center in Dulles, Virginia. For more information, visit [ www.orbcomm.com ].
About Doosan Infracore America
Doosan Infracore America services a large network of Doosan dealers in North America from its headquarters in Suwanee, Georgia. Doosan Infracore America is responsible for all North American sales, service, and technical support for Doosan heavy construction equipment, compact equipment and lift trucks. The Suwanee facility features a state-of-the-art service, sales and parts training center, as well as a parts distribution center that services all of the U.S. and Canada. Doosan also has its own financing provider-Doosan Global Finance. Doosan Global Finance serves as a single global finance provider for Doosan Infracore's machine tool, forklift and construction equipment divisions. Doosan Global Finance is committed to offering Doosan dealers and their customers tailored attention and competitive finance programs with the same quality and level of service provided by Doosan Infracore. For more information, visit [ www.infracore.com ].
About MobileNet
MobileNet provides custom mobile data solutions that include the integrated hardware, software, and wireless communications components needed for a complete global fleet monitoring system. MobileNet markets its technology directly to the railway and utility industries, and to heavy equipment manufacturers such as Doosan through private labeling. The Company develops products with customizable functions to meet a wide range of fleet monitoring situations, interfacing to any manufacturer's equipment to provide a single point of contact for total fleet information. Founded in 1996, MobileNet was one of the first ORBCOMM Value Added Resellers. Its offices are located in suburban Atlanta, Georgia and its products and services are sold worldwide through direct sales and dealers. For more information, visit [ www.Mobile-Net.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 operations and are based upon management's current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Our actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the substantial losses we have incurred and expect to continue to incur; demand for and market acceptance of our products and services and the applications developed by our resellers; loss or decline or slowdown in business from the Asset Intelligence division of General Electric Company ("GE"), other value-added resellers, or VARs, and international value-added resellers, or IVARs; loss or decline or slowdown in growth in business of any of the specific industry sectors the Company serves, such as transportation; litigation proceedings; technological changes; pricing pressures and other competitive factors; the inability of our international resellers to develop markets outside the United States; satellite launch failures, satellite launch and construction delays and cost overruns and in-orbit satellite failures or reduced performance; the failure of our system or reductions in levels of service due to technological malfunctions or deficiencies or other events; our inability to renew or expand our satellite constellation; financial market conditions and the results of financing efforts; political, legal regulatory, governmental, administrative and economic conditions and developments in the United States and other countries and territories in which we operate; the impact of a global recession and continued worldwide credit and capital constraints; changes in our business strategy; and the other risks described in our filings with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
