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(R) 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(R) products come with Wavecom Open AT(R)
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(R), 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(R)
Software Suite encompassing the Wavecom Open AT(R) Operating System, a
wide range of Plug-Ins, the Open AT(R) Integrated Development
Environment (IDE) along with a market-leading range of Wireless CPU(R)
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.
