CIMA And TracSat to Provide Construction Equipment Fleet Monitoring and Tracking; System utilizes ORBCOMM's LEO satellite network.DULLES, Va.--(BUSINESS WIRE)--March 23, 1999--ORBCOMM Global, L.P. (ORBCOMM), the first commercial provider of global low-Earth orbit See LEO. (LEO) satellite data and messaging communications services, today announced that its newly-formed business unit, TracSat, has signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with the Construction Industry Manufacturers Association (CIMA) to offer a revolutionary construction equipment fleet monitoring and tracking service. The CIMA-TracSat service will rely on ORBCOMM's network of LEO satellites to determine the location and monitor the performance of construction machinery anywhere in the world. Roles and responsibilities of each company will be defined in a formal contract following CIMA's Board of Directors' approval. With small communications devices attached to each piece of machinery in the fleet, the CIMA-TracSat service will transmit data to a centralized database for secure access via the World Wide Web, e-mail, pager or fax. The data will also be able to generate customized reports to fit individual needs. The use of ORBCOMM's cost-effective LEO satellite network will make the service uniquely affordable. Beginning in July 1998, CIMA coordinated a comprehensive value analysis of the construction equipment industry with ORBCOMM, which included interviews with equipment manufacturers, distributors, end-users and rental, finance and insurance companies. This information was used by ORBCOMM to refine and target TracSat applications. The CIMA-TracSat service can transmit data such as machine location and operating parameters including engine hours, operating temperatures, oil pressure and hydraulic system Noun 1. hydraulic system - a mechanism operated by the resistance offered or the pressure transmitted when a liquid is forced through a small opening or tube readouts. This information allows users to receive automatic notification of a "machine down" condition so service trucks can be dispatched quickly; improves preventive maintenance The routine checking of hardware that is performed by a field engineer on a regularly scheduled basis. See remedial maintenance. preventive maintenance - (PM) To bring down a machine for inspection or test purposes. See provocative maintenance, scratch monkey. applications; enhances fleet utilization; and aids in quickly tracking down stolen units. "ORBCOMM's LEO satellite communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. is an ideal tool to provide critical data to the construction industry, and we believe the CIMA-TracSat service will be well received," said Bill Meder, Vice Chairman of ORBCOMM Global. "CIMA has both the experience and the industry connections to deliver this valuable fleet tracking and monitoring service The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. to the construction industry. Information is a powerful tool, and TracSat was developed to offer a unique data communications solution to companies who want to stay ahead of the competition." The CIMA-TracSat relationship will provide special benefits for CIMA-member companies by encouraging information-sharing between market channel partners to help construction machinery manufacturers and users receive maximum benefit from the CIMA-TracSat service. "Everyone in the sales and distribution channel in the construction industry needs this data to operate their business more effectively and efficiently," explained CIMA Vice President Albert Cervero. "Our system set-up provides a cost-effective structure to ensure that market channel partners have access to the critical performance data they need to work together to support and enhance the productivity of their construction equipment assets." CIMA is the international trade association which devotes its entire resources to developing innovative business solutions that enhance the domestic and international growth of companies that manufacture and market construction equipment and services worldwide for the general construction, roadbuilding, mining, energy, forestry and materials handling industries. In existence for more than 88 years, CIMA is headquartered in Milwaukee, Wisconsin (USA), with full-time Association offices in Washington, DC (USA) and Beijing, China. CIMA is also the co-producer of the CONEXPO-CON/AGG(R) international exposition for the construction, aggregates and ready mixed concrete industries. ORBCOMM provides two-way monitoring, tracking and messaging services through the world's first low-Earth orbit satellite-based data communications system. ORBCOMM applications include monitoring of fixed assets such as electric utility meters, oil and gas storage tanks, wells and pipelines and environmental projects; tracking of mobile assets such as commercial vehicles, trailers, rail cars, heavy equipment, fishing vessels Customary International Law provides that coastal fishing boats and small boats engaged in trade, as distinguished from seagoing fishing boats and large traders, are immune from attack and seizure during war. This Immunity is lost if fishing vessels take part in the hostilities. , barges and government assets; and messaging services for consumers and commercial and government entities. ORBCOMM is a partnership owned by Orbital Sciences Corporation Orbital Sciences Corporation (OSC, though commonly referred to as Orbital) is a Dulles, Virginia company which specializes in satellite launch and manufacture. Its Launch Systems Group is heavily involved with missile defense launch systems. (NYSE NYSE See: New York Stock Exchange :ORB) and Teleglobe Inc. of Canada. Teleglobe is listed on the NYSE, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). (Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ) and ME (Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg ) under the TGO TGO Togo (ISO Country code) TGO Tarifverbund Ortenau GmbH (German) TGO The Great One (Wayne Gretzky) TGO Toxic Gas Ordinance TGO Total Gross Output symbol. Orbital is a space technology company that designs, manufactures and markets a broad range of space products and satellite-based services. Orbital's experience includes carrying out more than 215 satellite, rocket and space payload missions during the past 15 years. Teleglobe Inc. is recognized as a world leader in global telecommunications. The Teleglobe network links North America with more than 240 countries and territories. For more information on ORBCOMM services, please call 1-800-ORBCOMM, or visit the ORBCOMM web site at www.orbcomm.com. For more information on CIMA's business development services, including the new CIMA-TracSat service, visit the CIMA web site at www.cimanet..com/public/ts-overview.html. |
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