ORBCOMM Inc. (ORBC), a global provider of Machine-to-Machine (M2M) solutions, announced that its partner, Savi Technology (Savi (SVNTQ)), has been awarded a five-year U.S. Department of Defense contract as the sole provider to the $204 million RFID-IV program, which currently has a $102 million ceiling.
The RFID-IV program offers a wide range of technology solutions, including newly-upgraded Radio Frequency Identification (RFID), satellite-based Enhanced In-Transit Visibility (EITV) and Advanced Intrusion Tracking Detection (ATID) products and services, to a wide range of government customers for global asset planning and tracking of personnel, equipment and sustainment cargo worldwide.
In support of the RFID-IV program, ORBCOMM and Savi will offer satellite and RFID tags as well as other sensor technologies using ORBCOMMs global communications networks, which will enhance the visibility and security of government cargo in transit. ORBCOMMs advanced tracking and monitoring solutions will provide government customers with the current location of their cargo and send real-time alerts for security breaches and other anomalies such as cargo entering or exiting a geozone outside of pre-determined parameters for immediate resolution. U.S. government customers, including the Army, Navy, Air Force, USTRANSCOM, Special Forces and Defense Logistics Agency, can now seamlessly track and secure their cargo anywhere in the world and access near-real-time operational data through existing government EITV systems or secure, dedicated web portals to meet specific mission needs.
We are proud to be part of the winning team that Savi has assembled to meet the RFID, sensor and satellite technology requirements of the RFID-IV contract, said Marc Eisenberg, Chief Executive Officer of ORBCOMM. We believe that the synergy of our powerful satellite M2M technology and cargo monitoring solutions combined with Savis analytics expertise provides the best of both worlds within the same logistics management framework and all from a single provider. Our joint offerings will significantly expand the depth and breadth of cargo intelligence and security on a global scale for our government customers.
We are excited to partner with ORBCOMM as the global leader in M2M and satellite tracking on our RFID-IV contract award, said Bill Clark, President and Chief Executive Officer of Savi. As technology has advanced, the addition of satellite tags to the RFID-IV program was a logical move and enables ORBCOMM and Savi to expand the capability, range and efficiency of technologies available to the warfighter for their complete logistics needs worldwide.
ORBCOMM and Savi will continue to develop new technologies that leverage RFID and satellite tracking solutions through enhanced product integration and superior analytics to deliver actionable data to their government customers.
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, I.D. Systems, Inc., Komatsu Ltd., Cartrack (Pty.) Ltd., and Volvo Construction Equipment, among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure as well as our Tier One cellular partners, ORBCOMMs low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in our core markets: commercial transportation; heavy equipment; industrial fixed assets; marine; and homeland security.
ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the transportation market. Under its ReeferTrak®, GenTrakTM, GlobalTrak®, and CargoWatch® brands, the company provides customers with the ability to proactively monitor, manage and remotely control their cold chain and dry transport assets. Additionally, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. ORBCOMM is headquartered in Rochelle Park, New Jersey and has its network control center in Dulles, Virginia. For more information, visit www.orbcomm.com.
About Savi Technology
Savi Technology provides organizations with operational analytics and the ability to collect and convert operational information into useful knowledge from physical objects like supplies, equipment and cargo. The Savi Sensor Based Analytics Platform gives enterprises the ability to access, analyze and learn from new data in ways previously impossible, yielding streamlined operations, enhanced security and dramatically improved enterprise decision making. Savi is headquartered in Alexandria, Virginia, with operations in Lexington, Kentucky, and around the world. Savi was named a 2013 Computerworld Honors Laureate for the economic improvements its technology has provided to several countries in Africa. Savi has more than 100 domestic and foreign issued patents covering a variety of technologies and is an active participant in several industry standards bodies including ISO 180007. For more information, visit www.savi.com.
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 Companys 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 Companys control, that may cause the Companys 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. Managements Discussion and Analysis of Financial Condition and Results of Operations, and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2013, 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.
Robert Costantini, 703-433-6305
Chief Financial Officer
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
Chelsey McGrogan, 330-285-1817