ORBCOMM enters into service agreements with General Electric Asset Intelligence.
TELECOMWORLDWIRE-10 April 2009-ORBCOMM enters into service agreements with General Electric Asset Intelligence(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com
ORBCOMM Inc (Nasdaq: ORBC), a global satellite data communications company focused on providing Machine to Machine (M2M) solutions, announced on Thursday (9 April) that along with its subsidiary, Stellar Satellite Communications Ltd, it has entered into several agreements with General Electric Asset Intelligence LLC (GEAI).
Under the agreements, ORBCOMM will be the sole provider to GEAI of telematics and M2M data communications on all subscriber communicators sold or managed by or on behalf of GEAI, whether satellites, cellular, or dual mode (cellular plus satellite), as long as ORBCOMM provides competitive services at competitive rates with appropriate regulatory approvals, subject to the terms of the agreement.
GEAI paid a one-time settlement fee associated with the prior hardware agreement between GEAI and Stellar dated 10 October 2006. Also, ORBCOMM and GEAI have concurrently entered into a services agreement, which will expand the scope of services provided by ORBCOMM to GEAI.
The new services, in addition to ORBCOMM's low-earth-orbit satellite-based data communications services, may include network services for M2M applications using other satellite, cellular or dual mode (cellular plus satellite) data communications services. The service agreements' term coincides with the amended International Value Added Reseller (IVAR) agreement which is valid for five years through December 31, 2013.
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|Date:||Apr 10, 2009|
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