ORBCOMM Representative Receives Authorization to Operate in Mexico
ORBCOMM (Nasdaq; ORBC), a global satellite telecommunications company, today announced that its Mexican country representative, MITE Global Communications Systems S.A. de C.V. (“MITE GCS”) has obtained regulatory authorization by the Secretaria de Comunicaciones y Transportes (“SCT”) to provide ORBCOMM satellite services in Mexico. ORBCOMM will offer the lowest cost, two-way machine-to-machine satellite communications in Mexico, one of the world’s 15 largest economies and an attractive market for ORBCOMM’s services.
ORBCOMM and MITE GCS, headquartered in San Luis Potosi, Mexico, have been contracting with Value-Added Resellers (“VARs”) during the course of the regulatory review, a process that took more than two years, and the companies expect to begin serving customers in Mexico immediately. MITE GCS has contracted with five Mexican Value-Added Resellers, including both private to government-owned partners, which have developed innovative applications for trailer tracking and fixed-site monitoring. The regulatory authorization also opens the Mexican market to ORBCOMM’s existing international Value-Added Resellers, such as General Electric, Komatsu, Caterpillar, American Innovations, and Fleet Management Solutions.
“ORBCOMM’s satellite service is the preferred solution for most mobile applications in Mexico, and customers have been anxiously awaiting it,” said Miguel Gomez Villalobos, chief executive officer of MITE GCS. “For example, Mexico’s large rural land mass has historically offered challenges for intermodal companies wanting to track their fleet from port to delivery. ORBCOMM’s low-earth-orbit system now makes that possible and cost-effective. We also see attractive opportunities in the fishing and oil services industries, among others. With this authorization, we are now positioned to offer a low-cost data service to the strongest Mexican economy in the history of the country.”
“We look forward to building the Mexican market rapidly,” said Marc Eisenberg, Chief Marketing Officer of ORBCOMM. “With the Mexican license now in place, we can now offer seamless data services throughout North America, from Canada down through Mexico. Our international Value-Added Resellers have been gearing up to deliver their services into the Mexican market. As we continue to expand our global reach, we look forward to working with these VARs to offer ORBCOMM’s services to other new markets around the world.”
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 MITE GCS
MITE Global Communications Systems (MITE GCS) is a wireless telecommunications Mexican company that provides data communications services to customers in Mexico, through ORBCOMM’s unique low-earth orbit (LEO) satellite network.
MITE GCS is owned by ORBCOMM and Drakon Telecommunications S.A. de C.V a Mexican company that is owned by GVMM Capital S.A. de C.V., a private holding company with operations in telecommunication, construction, and tourist and land developments in Mexico.
For more information, visit www.mitegts.com.mx.
This release contains forward-looking statements, including statements regarding ORBCOMM’s expected commercial operations. These forward-looking statements are based on a number of assumptions and ORBCOMM’s actual results and operations may be materially different from those expressed or implied by such statements due to a number of risks and uncertainties that may negatively impact ORBCOMM’s business.