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Under the terms of the alliance, ORBCOMM's satellite network will be integrated with the Axeda(R) SmartLink Platform to enable global, two-way M2M data communications capabilities. Additionally, ORBCOMM will co-market the Axeda(R) SmartLink Platform, which enables enterprises to connect, manage, service, and interact with high-value assets.
Axeda SmartLink is a Platform-as-a-Service (PaaS) offering that provides system integrators, ISVs, manufacturers and developers with the foundation to quickly build and deploy M2M solutions with enterprise level scalability and proven security. It replaces disparate point solutions focused on vertical niches with a single unified platform for enterprise-wide applications.
"The addition of ORBCOMM to the SmartLink partner program enables us to deliver M2M solutions to an even broader base of companies," said David Canavan, vice president of business development, Axeda. "Having ORBCOMM integrated with our platform, makes it easy for users to enjoy the benefits of satellite coverage with our technology. At the same time, Axeda solutions are easily accessible to ORBCOMM's current and prospective customers, enabling them to deploy complete intelligent asset management solutions quickly and efficiently."
"Axeda's SmartLink is an excellent compliment to ORBCOMM's global satellite M2M data network, offering customers a robust, on-demand platform that can readily take advantage of ORBCOMM's coverage and capabilities for a global M2M offering," said Marc Eisenberg, CEO, ORBCOMM. "The combination shortens the development cycle for companies that wish to integrate satellite technology into their back office and legacy systems."
About Axeda
Axeda Corporation is the leading Platform-as-a-Service (PaaS) company delivering high-value M2M solutions. The company's VeriSign(R) Security certified platform and applications allow companies to connect, manage, service, and interact with wired and wireless assets anywhere - it serves over 100 of the world's leading enterprises including Agilent, Diebold, and EMC. Axeda Corporation is a privately held company headquartered in Foxboro, Mass. and can be reached at www.axeda.com.
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, Hyundai Heavy Industries, 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, ORBCOMM's low-cost and reliable two-way data communications 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. 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 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. These risks and uncertainties include but are not limited to: the impact of global recession and continued worldwide credit and capital constraints; 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 the growth in business from the Asset Intelligence division of General Electric Company ("GE" or "General Electric" or "GEAI"), 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, heavy equipment, fixed assets and maritime; litigation proceedings; technological changes, pricing pressures and other competitive factors; the inability of our international resellers to develop markets outside the United States; market acceptance and success of our AIS business; the in-orbit satellite failure of the Coast Guard demonstration or the quick-launch satellites, 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; political, legal regulatory, government administrative and economic conditions and developments in the United States and other countries and territories in which we operate; and 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. For more detail on these and other risks, please see our "Risk Factors" section in our annual report on Form 10-K for the year ended December 31, 2008.
Contacts
Investor Inquiries:
Lucas Binder
VP, Business Development and Investor Relations
ORBCOMM Inc.
703-433-6505
binder.lucas@orbcomm.com
Media Inquiries:
Jennifer Lattif
Senior Account Executive
The Abernathy MacGregor Group
212-371-5999
jcl@abmac.com
Media Inquiries:
Erin Smith
Axeda Corporation
508-337-9200
esmith@axeda.com
Media Inquiries:
Megan Boyaval
Corporate Ink
617-969-9192
mboyaval@corporateink.com
SOURCE Axeda Corporation
http://www.axeda.com
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