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ORBCOMM Inc. (ORBC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.17-0.28 (-4.34%)
At close: 4:00PM EST
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Previous Close6.45
Open6.52
Bid0.00 x 2900
Ask0.00 x 4000
Day's Range5.93 - 6.59
52 Week Range1.24 - 6.59
Volume1,901,850
Avg. Volume565,883
Market Cap481.602M
Beta (5Y Monthly)1.11
PE Ratio (TTM)N/A
EPS (TTM)-0.28
Earnings DateFeb 24, 2021 - Mar 01, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.70
  • Ponce Utilizes ORBCOMM’s Satellite IoT Technology to Enable Efficient Agricultural Irrigation
    GlobeNewswire

    Ponce Utilizes ORBCOMM’s Satellite IoT Technology to Enable Efficient Agricultural Irrigation

    Mitigates the environmental impact of farming throughout Latin America, while reducing costs and preserving water ORBCOMM and Ponce ORBCOMM and Ponce help farmers throughout Latin America gain substantial cost savings and preserve water through irrigation equipment monitoring solutions that utilize ORBCOMM’s satellite IoT technology. ROCHELLE PARK, N.J., Nov. 19, 2020 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Ponce, an Argentinian IoT company specializing in agricultural efficiency, is helping farmers throughout Latin America gain substantial cost savings and preserve water through its irrigation solutions that utilize ORBCOMM’s satellite IoT technology. Ponce’s solution is powered by ORBCOMM’s reliable, global satellite connectivity and connected to an ORBCOMM modem for real-time monitoring and management of irrigation equipment located in remote regions where cellular coverage is unavailable or unreliable. Ponce’s advanced system combines early detection of machine failure with accurate crop irrigation data to help farmers automate manual processes to inspect equipment, detect faulty machinery and conduct maintenance. The device reports machine position, water pressure, abnormalities and other critical parameters such as hours of use, water usage, water flow and rainfall measurement. The information is transmitted via satellite to Ponce’s data cloud, which sends alerts and reports to farmers’ mobile devices in real time, enabling faster, more informed business decisions about optimal irrigation schedules, maintenance activities as well as the movement and position of irrigation equipment.Ponce works with some of the leading agricultural growers in Latin America, which report that the irrigation solution has helped them address critical challenges to their farming operations. One of Ponce’s customers, La Guía, which has over 2,000 hectares of land supported by 19 irrigation machines, saves an estimated 90 hours of water waste per year, a considerable environmental and cost savings. By implementing Ponce’s solution, La Guía’s team receives notifications of abnormalities that require further inspection immediately on their phone, decreasing field visits, reducing working hours allocated to inspections and minimizing human error in the operation of the equipment, leading to an average of 50% fuel savings and much less vehicle wear and tear and carbon emissions in the environment.“ORBCOMM’s reliable satellite connectivity is critical to the success of Ponce’s sophisticated solution, which has revolutionized irrigation operations for farmers, while helping reduce the environmental impact of farming and preserve water, both of which are integral to our corporate social responsibility mission,” said Christian Allred, ORBCOMM’s Executive Vice President and General Manager of Global Sales. “We’re pleased to help Ponce enable farmers throughout Latin America achieve substantial savings in production costs, driven by improved equipment uptime, limited crop destruction and lower operational costs.”“Thanks to Ponce’s solution, we have achieved significant efficiency in water usage and equipment failure responsiveness,” said Francisco Lodos, La Guía’s General Manager. “In the past, when a machine failed, we might not find out for hours, but now, Ponce’s system informs us immediately. Even better, if we don’t respond to the notification right away, we get a phone call to follow up and ensure the failure is resolved quickly, saving us substantial costs and helping protect our most crucial resource, which is water.”For more information about ORBCOMM’s smart agriculture management solutions, please visit https://www2.orbcomm.com/agriculture.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. You can also connect with ORBCOMM at https://blog.orbcomm.com, on Twitter at @ORBCOMM_Inc, at https://www.linkedin.com/company/orbcomm or at https://www.youtube.com/c/ORBCOMM_Inc.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.ORBCOMM Contacts  For Investors:For Trade Media: Aly Bonilla, VP of Investor RelationsSue Rutherford, VP of Marketing +1 703.433.6360+1 613.254.5269 bonilla.aly@orbcomm.comrutherford.sue@orbcomm.com investorrelations@orbcomm.commediarelations@orbcomm.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6bc7db4b-639e-4f94-8fd0-4365eb4b21a5

  • ORBCOMM Launches First Commercial LoRa WAN™ On-Board Vessel IoT Solution
    GlobeNewswire

    ORBCOMM Launches First Commercial LoRa WAN™ On-Board Vessel IoT Solution

    Extends record of leadership in innovation and compliance with IoT industry standards supporting the global container supply chain ORBCOMM's Refrigerated Container Monitoring Solution ORBCOMM’s refrigerated container monitoring solutions provide global, end-to-end supply chain visibility.ROCHELLE PARK, N.J., Nov. 17, 2020 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has expanded its industry-leading portfolio of on-board vessel IoT systems to include LoRa WAN™ (LoRa) technology. Through a partnership with Net Feasa, a global IoT service provider based in Dingle, Ireland and Sunnyvale, CA, ORBCOMM has deployed the first commercially available solution using LoRa technology to monitor containers on board vessels for a large global shipping line. The solution combines VesselConnect, ORBCOMM’s industry-leading refrigerated container management application with Net Feasa’s EvenKeelTM IoT device connectivity, management and services platform. Refrigerated containers communicate in real time through LoRa gateways mounted in strategic locations on the vessel. Key container data, including temperature, humidity and alarms, is collected in EvenKeel and updated in ORBCOMM’s VesselConnect. The VesselConnect application communicates over satellite back to ORBCOMM’s land-based platform, enabling customers to see the location of all vessels as well the status of each container on board from a single, comprehensive command and control center. ORBCOMM’s fully integrated system supports two-way commands, allowing users on the vessel or at land-based operations to change the container’s temperature set points and other parameters. ORBCOMM’s on-board vessel IoT solution is designed primarily to eliminate the “black hole” of refrigerated container visibility at sea. In addition, ORBCOMM’s solution helps customers enhance crew efficiency and safety by eliminating the need for manual inspections of the containers and improve operational efficiency through remote pre-trip inspections along with actionable data on maintenance and repair status.ORBCOMM’s new LoRa-based system is compliant with the Digital Container Shipping Association’s (DCSA) new IoT connectivity standards created to make the shipping container supply chain more transparent, reliable and secure. As one of the DCSA-approved technologies for on-vessel operations, LoRa offers an alternative to cellular and other communication technologies in use today. ORBCOMM’s VesselConnect is unique in offering multiple choices for on-board vessel network connectivity so that customers can utilize the technology that best suits their use case.“ORBCOMM’s new LoRa-based on-board vessel IoT solution complements our best-in-class portfolio of refrigerated container management solutions and further demonstrates our commitment to continued innovation supporting the global supply chain,” said Christian Allred, ORBCOMM’s Senior Vice President and General Manager of Global Sales. “Together with Net Feasa, we’re helping shipping companies drive digital transformation, while achieving measurable savings.” “As global concerns for cargo quality and security as well as traceability increase, the real-time tracking and monitoring of refrigerated containers is becoming the industry norm,” said Mike Fitzgerald, Net Feasa’s Chairman. “We’re pleased to partner with ORBCOMM to bring our expertise in global IoT networks together with their leadership in innovation and compliance with IoT industry standards to the global container marketplace.”For more information about how ORBCOMM’s refrigerated container monitoring solutions provide global, end-to-end supply chain visibility, please visit https://www.orbcomm.com/en/solutions/.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. You can also connect with ORBCOMM at https://blog.orbcomm.com, on Twitter at @ORBCOMM_Inc, at https://www.linkedin.com/company/orbcomm or at https://www.youtube.com/c/ORBCOMM_Inc.About Net Feasa Ltd. Net Feasa is a trusted IoT service provider dedicated to the digital transformation of the supply chain. Our compliance-based connectivity solutions are embedded in the heart of global communications networks and supply chains. Our open global connectivity platform, EvenKeel™, can support LPWAN (LoRa, NB-IoT, LTE-M) and/or Cellular (LTE, 5G). The Net Feasa team has decades of experience in designing and deploying wireless communication systems across the globe, including 1,000 remote communities (Satellite/GSM/3G/Wi-Fi), 500 aircraft (Satellite/GSM/Wi-Fi), 500 container ships (Satellite/GSM) and cruise ships (Satellite/GSM). For over three decades, our management team has garnered expertise in Wireless Communications, IoT, Cloud, Big Data, practical uses of Machine Learning and Network Security. For more information, visit www.netfeasa.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.ORBCOMM Contacts  For Investors:For Trade Media: Aly Bonilla, VP of Investor RelationsSue Rutherford, VP of Marketing +1 703.433.6360+1 613.254.5269 bonilla.aly@orbcomm.comrutherford.sue@orbcomm.com investorrelations@orbcomm.commediarelations@orbcomm.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a144fb1-cd2a-4e2c-9002-5a740bbf3654

  • ORBCOMM's(NASDAQ:ORBC) Share Price Is Down 44% Over The Past Three Years.
    Simply Wall St.

    ORBCOMM's(NASDAQ:ORBC) Share Price Is Down 44% Over The Past Three Years.

    ORBCOMM Inc. (NASDAQ:ORBC) shareholders will doubtless be very grateful to see the share price up 58% in the last...