ORBCOMM and Taiwan’s CEPD Sign Cooperation Agreement

ORBCOMM Inc., a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, today announced that it has signed a Memorandum of Understanding (MOU) with Taiwan’s Council for Economic Planning and Development to assist in its plans to enter the Taiwan market through potential partnership with local telecommunications and shipping companies.

“We are pleased to sign this MOU as a next step in the ongoing discussions we have shared with ORBCOMM over the past several months,” stated Dr. Christina Liu, Taiwan’s Minister of the Council for Economic Planning and Development. “We look forward to cooperating with and assisting ORBCOMM in its efforts to invest in its business expansion in Taiwan and many other countries throughout Asia. The response to ORBCOMM’s M2M products and services from our business community has been tremendous.”

“ORBCOMM sees the potential to grow our business by establishing close partnerships with local Taiwanese companies within the maritime and shipping industry as we expand our satellite-based Automatic Identification System (AIS) service and the recently acquired StarTrak’s products and services for the refrigerated transport market,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “In addition, our current customers have expressed interest in expanding their use of ORBCOMM’s satellite communication services in Taiwan once final licensing authorizations are received.”

“ORBCOMM has been approached and continues to have discussions with several Taiwan companies around the possible joint development of multi-mode hardware solutions that could include integrating GSM, Zigbee, RFID, and other technologies into an ORBCOMM-enabled device due to the growing desire of customers looking to deploy a global solution,” explained Christian Allred, Senior Vice President of International at ORBCOMM. “Taiwan is uniquely positioned to provide the low-cost development and manufacturing of such a device and has an identifiable need by potential Taiwan companies for this type of versatile product.”

ORBCOMM looks to have an operational Taiwan-based representative within the coming months as a result of this cooperative agreement.

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, ORBCOMM’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. ORBCOMM is headquartered in Fort Lee, New Jersey and has its network control center in Dulles, Virginia.

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Source: ORBCOMM, May 19, 2011.