11.03.2008 06:00:00
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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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