Key Developments For ORBCOMM Inc.
ORBCOMM Inc. (ORBC.O) (Consolidated Issue listed on NASDAQ Global Market)
Axeda Corporation Announces Wireless Alliance Agreement With ORBCOMM Inc.
Axeda Corporation announced that it has entered into an alliance partner agreement with ORBCOMM Inc. Under the terms of the alliance, ORBCOMM's satellite network will be integrated with the Axeda SmartLink Platform to enable global, two-way M2M data communications capabilities. Additionally, ORBCOMM will co-market the Axeda SmartLink Platform, which enables enterprises to connect, manage, service, and interact with high-value assets.
ORBCOMM Inc. Comments On H2 2009 EBITDA Guidance-Conference Call
ORBCOMM Inc. announced that for second half of 2009, it expects to remain positive on adjusted EBITDA.
ORBCOMM Inc. Expands Terrestrial and Dual Mode Products with the Introduction of CDMA Wireless Services
ORBCOMM Inc. announced that it reached an agreement to provide services through one of the wireless network providers in the United States, expanding ORBCOMM`s terrestrial and dual mode wireless services to include CDMA. The agreement will allow ORBCOMM to offer blended plans that incorporate CDMA cellular with satellite wireless to create combined rate plans that will be marketed by ORBCOMM and its partners to address a diverse range of applications that require ubiquitous coverage and high-data rate capability.
ORBCOMM Inc. Issues Q2 2009 EBITDA Outlook-Conference Call
ORBCOMM Inc. announced that for the second quarter of 2009, it expects to return to positive adjusted EBITDA. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $2 million for the same period.
ORBCOMM Inc. And General Electric Asset Intelligence, LLC Enter Settlement And Services Agreements
ORBCOMM Inc. with its subsidiary, Stellar Satellite Communications Ltd. announced the entering into several agreements with General Electric Asset Intelligence, LLC (GEAI). ORBCOMM will be the sole provider to GEAI of telematics and M2M data communications on all subscriber communicators sold or managed by or on behalf of GEAI, whether satellites, cellular, or dual mode (cellular plus satellite), generally as long as ORBCOMM provides competitive services at competitive rates with appropriate regulatory approvals, subject to the terms of the agreement.
