ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ORBCOMM Awarded Two U.S. Government Agency Competitive Contracts for AIS Services

ROCHELLE PARK, N.J., Oct. 04, 2022 (GLOBE NEWSWIRE) -- ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, today announced that it has been awarded a multi-year contract by a U.S. Government Agency for a competitive renewal of its global Automatic Identification System (AIS) data services used for ship tracking and other maritime navigational and safety efforts. In addition, ORBCOMM was awarded a separate competitive contract to deliver AIS services to multiple other U.S. Government users.

ORBCOMM’s AIS data will continue to be used in a maritime domain awareness software platform that supports key U.S. Department of Defense and Department of Homeland Security agencies, along with U.S. partner nations around the world. The contract is for a 5-year period, including option years, which began in August 2022.

“ORBCOMM has supported the U.S. Government with its pioneering satellite AIS service since 2008, and these significant contract awards once again demonstrate that ORBCOMM continues to provide comprehensive worldwide AIS data to its customers at the best value,” said Greg Flessate, Senior Vice President of Government and AIS Services. “ORBCOMM remains committed to expanding its industry-leading AIS data services and providing more extensive global coverage with increased bandwidth and versatility.”

ORBCOMM’s AIS data service has provided the most comprehensive and reliable global coverage in the market over the last decade. ORBCOMM continues to enhance its global AIS data services with the upcoming launch of two Kelpie AIS satellites with AAC Clyde Space. The Kelpie satellites feature advanced software defined radio receivers and unique multi-antenna implementation and are expected to expand coverage of ORBCOMM’s constellation, increase visibility to smaller Class B ships and extend its polar footprint. In addition, ORBCOMM is participating in the AOS consortium with AAC Clyde Space and Saab to launch a VHF Data Exchange System (VDES) demonstration satellite, expected to launch in early 2023, which will enable two-way data communications between ships and shore using new VHF channels adjacent to AIS.

For more information about ORBCOMM’s satellite AIS service, please visit: https://www.orbcomm.com/en/solutions/maritime/ais-data.

About ORBCOMM Inc.
ORBCOMM is a pioneer in IoT technology, empowering customers with insight to make data-driven decisions that help them optimize their operations, maximize profitability and build a more sustainable future. With 30 years of experience and the most comprehensive solution portfolio in the industry, ORBCOMM enables the management of over a million assets worldwide for a diverse customer base spanning transportation, supply chain, heavy equipment, maritime, natural resources and government. For more information about how ORBCOMM is driving the evolution of industry through the power of data, visit www.orbcomm.com. ​

ORBCOMM Contacts 
For Corporate Relations:For Trade Media:
Michelle FerrisLina Paerez
VP, Corporate CommunicationsVP, Marketing
+1 703.462.3894+1 613.875.1485
ferris.michelle@orbcomm.compaerez.lina@orbcomm.com
  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/961a0a28-8916-4a51-83bb-6fd8a5999fec


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.