Light Speed Logistics Upgrades Mixed Fleet With ORBCOMM’s Next-Gen Asset Management Solutions
18 Maggio 2021 - 3:00PM
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of
Things (IoT) solutions, today announced that Light Speed Logistics
(Light Speed), a Canada-based company offering trucking, shipping,
hauling, freight and logistics services throughout North America,
has begun the retrofit of their refrigerated fleet with ORBCOMM’s
next generation, cold chain monitoring solution in preparation for
the sunsetting of 3G wireless service, which will commence at the
end of 2021. Light Speed will also begin using ORBCOMM’s latest
solar-powered asset management solution for their new dry van
trailers.
Light Speed is upgrading their refrigerated
trailers with ORBCOMM’s advanced telematics solution to track the
freight’s location and temperature, providing peace of mind that
their loads are compliant and meeting customers’ standards for
quality and service. By extending the lifecycle of their IoT
devices and ensuring protection against network obsolescence as a
result of the 3G sunset, Light Speed will ensure consistent and
reliable communications throughout the supply chain for the long
term. Trusted by the biggest names in transportation, ORBCOMM’s
cold chain solutions help Light Speed protect their customers’
cargo, reduce the risk of spoiled goods and help comply with the
FDA’s Food Safety Modernization Act (FSMA) regulations, while
increasing operational efficiency and improving customer
service.
Leveraging ORBCOMM’s telematics double play
offering, Light Speed will begin deploying ORBCOMM’s trailer
tracking solution, which features a high-sensitivity solar panel
and built-in cargo sensor, gaining complete visibility and control
over their mixed fleet. ORBCOMM’s solution enables Light Speed to
access live and scheduled status updates whether their trailers are
in transit or in the yard, so they always know where their trailers
are located and if they are empty or loaded, improving turn times
and yard management while saving their drivers time and fuel.
ORBCOMM’s trailer telematics solution also provides Light Speed
with the unique ability to see precise data to schedule trailer
maintenance, inspections and time elapsed for increased asset
utilization and performance.
“It's great to see long-time customers like
Light Speed Logistics continue to evolve their telematics
deployments by taking advantage of ORBCOMM’s next-gen IoT
technology to enhance their fleet operations,” said Christian
Allred, ORBCOMM’s Executive Vice President and General Manager of
Global Sales. “With ORBCOMM’s double play offering, Light Speed can
stay connected to their refrigerated and dry assets, while
achieving greater efficiency and better customer service.”
“We’ve been an ORBCOMM customer for over five
years and have been pleased with the reliability and performance of
their refrigerated solution in maintaining cargo temperature
integrity during our custody and reducing our claims and insurance
costs,” said Gurpreet Randhawa, Owner of Light Speed Logistics.
“Now that we’re adding ORBCOMM’s trailer tracking solution to our
fleet, we’ll have full visibility to all of our assets at any given
time and are confident that our technology investment will provide
reliable and secure telematics solutions for the future.”
About ORBCOMM Inc.ORBCOMM (Nasdaq: ORBC) is a
global leader and innovator in the industrial Internet of Things,
providing solutions that connect businesses to their assets to
deliver increased visibility and operational efficiency. The
company offers a broad set of asset monitoring and control
solutions, including seamless satellite and cellular connectivity,
unique hardware and powerful applications, all backed by end-to-end
customer support, from installation to deployment to customer care.
ORBCOMM has a diverse customer base including premier OEMs,
solutions customers and channel partners spanning transportation,
supply chain, warehousing and inventory, heavy equipment, maritime,
natural resources, and government. For more information, visit
www.orbcomm.com. You can also connect with ORBCOMM at
https://blog.orbcomm.com, on Twitter at @ORBCOMM_Inc, at
https://www.linkedin.com/company/orbcomm or at
https://www.youtube.com/c/ORBCOMM_Inc.
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 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
Company’s 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 Company’s
control, that may cause the Company’s 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. “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations,” and elsewhere in our Annual Report on Form 10-K, 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.
ORBCOMM Contacts |
|
For Corporate Relations: |
For Trade Media: |
Michelle Ferris |
Sue Rutherford |
Senior Director of Corporate Communications |
VP of Marketing |
+1 703.462.3894 |
+1 613.290.1169 |
ferris.michelle@orbcomm.com |
rutherford.sue@orbcomm.com |
investorrelations@orbcomm.com |
mediarelations@orbcomm.com |
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c867ceee-e8af-42b1-bd1e-d09102fab1e7
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