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High-Tech Serial Entrepreneur, Elon Musk, Joins Apollo 13 Commander Captain, James Lovell, as Keynote Speaker at ORBCOMMa?s Glo

^{Published on 2011-09-14 13:41:28 - Market Wire}
 

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, today announced that Elon Musk, well-known high-tech visionary, entrepreneur and philanthropist, will serve as a keynote speaker at ORBCOMMa™s 2011 Global Solutions Conference at the Park Hyatt Aviara in Carlsbad, CA, from October 12-14. Mr. Musk will join Captain James Lovell, NASA legend and commander of Apollo 13, who will also be a keynote speaker at the conference.

"Elon Musk brings a unique blend of innovation, entrepreneurial spirit and a wildly successful career in space-related technology and high-tech ventures to this yeara™s Global Solutions Conference"

Mr. Musk is the CEO and Product Architect of Tesla Motors and the CEO/CTO of Space Exploration Technologies (SpaceX). At SpaceX, Mr. Musk is the chief designer, overseeing development of rockets and spacecraft for missions to Earth orbit and ultimately to other planets. In 2008, SpaceXa™s Falcon 1 rocket became the first privately developed liquid-fueled rocket to reach orbit. Later that same year, SpaceXa™s Falcon 9 rocket and Dragon spacecraft won a $1.6 billion NASA contract to provide a commercial replacement for the cargo transport function of the Space Shuttle, which retired earlier this year. In 2010, SpaceX became the first commercial company to successfully recover a spacecraft from Earth orbit with its Dragon spacecraft.

In addition, Mr. Musk is the non-executive chairman and principal shareholder of SolarCity, which he helped create. SolarCity is now the leading provider of solar power systems in the United States.

Prior to SpaceX, Mr. Musk co-founded PayPal, the worlda™s leading Internet payment system, and served as the companya™s Chairman and CEO. Before PayPal, Mr. Musk co-founded Zip2, a provider of Internet software to the media industry.

In 2009, the National Space Society awarded Mr. Musk its Von Braun Trophy, given for leadership of the most significant achievement in space. In 2010, Mr. Musk was the youngest recipient of the Auto Executive of the Year Innovator Award for his work at Tesla Motors. He was also named to the Time 100 list of most influential people in the world in 2010.

aElon Musk brings a unique blend of innovation, entrepreneurial spirit and a wildly successful career in space-related technology and high-tech ventures to this yeara™s Global Solutions Conference,a said Marc Eisenberg, Chief Executive Officer of ORBCOMM. aWe look forward to hearing his insight and vision on how to make a global impact in todaya™s rapidly changing universe. With attendance expected to be double that of last yeara™s conference and heavy hitters like Musk and Lovell as our keynote speakers, we are excited to host what promises to be a high-energy, high-impact event for the ORBCOMM community.a

ORBCOMMa™s Global Solutions Conference is an annual event that celebrates the companya™s growth and leadership in the M2M market, educates its customers and partners about new developments in the ORBCOMM world and encourages collaboration and synergy within the ORBCOMM community. ORBCOMM expects over 200 customers, partners, manufacturers, application developers, and executives from more than 15 countries to attend this yeara™s conference, which features the theme, Driving the M2M Revolution.

About ORBCOMM Inc.

ORBCOMM is a leading global satellite data communications company, focused on Machine-to-Machine (M2M) communications. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence a division of I.D. Systems, Inc., Komatsu Ltd., Manitowoc Crane Companies, Inc., and Volvo Construction Equipment among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMMa™s low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. ORBCOMM based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. Through the recently acquired StarTrak Information Technologies, LLC, ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak^® and GenTrak^TM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has its network control center in Dulles, Virginia. 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 Companya™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 Companya™s control, that may cause the Companya™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. These risks and uncertainties include but are not limited to the 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. For more detail on these and other risks, please see our aRisk Factorsa section in our annual report on Form 10-K for the year ended December 31, 2010.