11.03.2008 06:00:00

ORBCOMM and Wavecom Enter into Joint Marketing Agreement

Regulatory News: ORBCOMM (Nasdaq: ORBC), announced today that it has signed a joint marketing agreement with Wavecom (Paris:AVM) (NASDAQ:WVCM) whereby the two companies will work together to address the growing demand for devices that combine both satellite and terrestrial wireless communications. ORBCOMM’s COO, Marc Eisenberg said, "We are very excited that Wavecom intends to promote dual-mode services that combine ORBCOMM with terrestrial wireless networks. Wavecom’s position as a leading provider of cellular M2M technology is further validation of ORBCOMM’s plans to bring dual-mode services that combine satellite and cellular to the market at prices normally associated with single-mode services.” "We are already seeing tremendous customer interest in combining cellular and satellite technologies,” said Stefan Lindvall, Wavecom Group Vice President and Head of Americas Region. "We are pleased to partner with a well established satellite M2M leader like ORBCOMM to deliver improved global coverage and enhanced value to the marketplace.” Wavecom is the leading provider of automotive-grade Wireless CPU® devices to the automotive and fleet marketplace. With nearly 15 years experience enabling automotive and industrial products to communicate via cellular technology, Wavecom is uniquely positioned to provide the comprehensive products and services to enable dual-mode satellite and cellular communications to this same customer set. Wavecom Wireless CPU® products come with Wavecom Open AT® Software Suite including operating system, integrated development environment and plug-ins designed to simplify the development of wireless applications for a wide variety of devices. This unique software enables seamless integration of multiple communications protocols executed directly on the Wavecom Wireless CPU®, thereby saving customers both component costs and development time. For more information about dual mode communications, please visit www.orbcomm.com or www.wavecom.com About ORBCOMM ORBCOMM is a global satellite data communications company that provides reliable, cost-effective data communications services to customers around the world through its unique low-earth orbit (LEO) satellite network and global ground infrastructure. A diverse customer base, including industry leaders General Electric, Caterpillar Inc., Volvo Group, XATA, Hitachi and Komatsu, uses ORBCOMM services to track, monitor and control mobile and fixed assets, including trucks, containers, marine vessels, locomotives, heavy machinery, pipelines, oil wells, utility meters and storage tanks anywhere in the world. For more information call 1-800-ORBCOMM or visit its website at www.orbcomm.com. About Wavecom Wavecom is a worldwide leader in embedded industrial wireless communication solutions for automotive, machine-to-machine and mobile professional applications. Wavecom solutions include the Open AT® Software Suite encompassing the Wavecom Open AT® Operating System, a wide range of Plug-Ins, the Open AT® Integrated Development Environment (IDE) along with a market-leading range of Wireless CPU® devices, and an expanding portfolio of services. These complete embedded solutions enable makers of all types of machines to develop a new breed of intelligent wireless applications, without the need of external processors and other ASICs (Application Specific Integrated Circuits) and components. Founded in 1993 and headquartered in Issy-les-Moulineaux (France) near Paris, Wavecom has subsidiaries in Hong Kong (PRC), Research Triangle Park, NC (USA), Farnborough (UK). Wavecom is publicly traded on Euronext Paris (Eurolist) in France and on the Nasdaq (WVCM) exchange in the U.S. www.wavecom.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 operations and are based upon management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Our actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the 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; technological changes; pricing pressures and other competitive factors; the inability of our international resellers to develop markets outside the United States; satellite launch failures, 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; financial market conditions and the results of financing efforts; political, legal regulatory, governmental, administrative and economic conditions and developments in the United States and other countries and territories in which we operate; 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.
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