today's PR from ORBC will push IDSY to dump ORBC and go with a neutral satellite provider. No sense giving money to ORBC to then compete against you. That's over 100,000 units. Contract expires end of year. Last renewal was before ORBC bought competitors to IDSY
AI uses Orbcomm for satellite comms. contract expires end of year. Need to switch to Iridium
ORBCOMM Signs Seven New Customers in Transportation and Logistics Industry
Provides state-of-the-art ReeferTrak® platform for two-way command and control of refrigerated transport assets
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--
ORBCOMM Inc. (ORBC), a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its state-of-the-art ReeferTrak® platform has been selected by seven new domestic and international transportation and logistics companies. ReeferTrak® is an industry-leading application that enables customers to proactively monitor, manage and remotely control their refrigerated transport assets. By leveraging the power of ReeferTrak®’s comprehensive temperature, fuel management, maintenance, and logistical application services, customers can achieve maximum compliance, increased efficiency and proven return on investment (ROI).
ORBCOMM’s new ReeferTrak® customers are listed below:
BP Logistics, a freight shipping company in Fresno, CA, specializing in refrigerated produce and freight
Classic Carriers, a full-service, asset-based logistics provider headquartered in Ohio
Crowley Maritime Services, a Jacksonville, FL-based company providing transportation, distribution and logistics services along with marine solutions in domestic and international markets
Direct Transport, a full-service transportation company based in Fresno, CA, specializing in hauling fresh produce, frozen foods, dry grocery, and other dry goods throughout the United States and Canada
Gangloff Industries, a Loganport, IN-based company focused on freight shipping solutions
Integrated Airline Services, a Dallas, TX-based company delivering tailor-made passenger, cargo and ramp handling services
according to the MSHA web site. started 4/29. 1 inspector present
4 violations noted, none look serious. I think they get the go ahead at any time:
30 CFR § 57.11051
Escape routes shall be--
(a) Inspected at regular intervals and maintained in safe, travelable condition; and
(b) Marked with conspicuous and easily read direction signs that clearly indicate the ways of escape.
30 CFR § 57.11001
TRAVELWAYS--SURFACE AND UNDERGROUND
Safe means of access shall be provided and maintained to all working places.
30 CFR § 57.9300
Berms or guardrails.
SAFETY DEVICES, PROVISIONS, AND PROCEDURES FOR ROADWAYS,
RAILROADS, AND LOADING AND DUMPING SITES
(a) Berms or guardrails shall be provided and maintained on the banks of roadways where a drop-off exists of sufficient grade or depth to cause a vehicle to overturn or endanger persons in equipment.
(b) Berms or guardrails shall be at least mid-axle height of the largest self-propelled mobile equipment which usually travels the roadway.
(c) Berms may have openings to the extent necessary for roadway drainage.
(d) Where elevated roadways are infrequently traveled and used only by service or maintenance vehicles, berms or guardrails are not required when all of the following are met:
30 CFR § 57.12034
Guarding around lights.
Portable extension lights, and other lights that by their location present a shock or burn hazard, shall be guarded.
you would think if SOW #2 is not happening and they were at $10M/qtr that that would be a given
I also don't see the need for that Larry T guy from American Airlines. AvRamp is going nowhere. Get rid of the DoD guy too.
wow. he has such a large following. I've determined he owns no stock anywhere and is just a troll with no life. I'm just ignoring him because his posts are so crazy that no one could take him serious.
I would have to guess they were hoping to be break even after 12-18 months. It looks like they will be break even after 8 months. I also like the proactive approach to Japan and India.
Keep in mind their is a $10K warranty limit on World Coins and $1K limit on Chinese Coins. The warranty in the US is a killer as it is unlimited. So they can grow with World Coins and not have that issue
I think HK is break even about now. If they are doing 4K certs/month at $20/each, that's about $1M/yr in revenue. 3 people and an office don't cost $1M/yr.
outstanding report. Thank you for doing this and reporting back. It looks like the HK office can add 3%-5% of volumes and growing nicely in the next year. That is material. A staff of 3 does not concern me as far as expenses go. It is worth it.
I found the answer in their Nov 2012 CC for the last question. There is much difficulty getting coins from the mainland to HK, hence the need for the mainland office. So I guess Shanghai will do mainland China and HK will do rest of Asia. If the volumes are sufficient, I am fine with that. It also gives the company the ability to keep profits overseas and avoid paying the 40% tax in the US.
again, thank you
wasn't there an attempt last year or the year before between the effective date and the proxy vote to push the share price down? wonder if that is the game here again
why did they announce 1 week earlier than they said they were going to announce? This is all really weird.
Their PR in April said they would announce May 9 and they announced May 2 instead.
if they announce no SOW #2, then what? It's true it might be worth $5 without Avis but there will be some serious selling in that event. And shorts are not even in to the company yet.