Supports Lloyd's List Intelligence's maritime data and analytics services to help their customers resolve problems, build strategies and make confident decisions
Rochelle Park, NJ “ ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Lloyd's List Intelligence, part of Informa plc and a leading provider of maritime intelligence for the global shipping industry, has extended their contract through 2023 for ORBCOMM's satellite Automatic Identification System (AIS) data used for ship tracking and maritime navigation and safety efforts.
Lloyd's List Intelligence, which has been an ORBCOMM partner since 2010, uses ORBCOMM's satellite AIS data to augment real-time and historical vessel movements. ORBCOMM's comprehensive AIS data is integrated with Lloyd's List Intelligence's Seasearcher web-based maritime intelligence and analytics solutions, including Seasearcher Tankers, Seasearcher Risk and Compliance and Seasearcher Vigilance, as well as their API and customized data services, so that professionals connected to maritime trade can track seaborne and at-port movements, understand trends, identify risks and pinpoint commercial opportunities.
Extending our long-time partnership with Lloyd's List Intelligence solidifies our position as an important source of satellite AIS services and demonstrates our success in supporting their industry-leading maritime intelligence services over the last decade, said Greg Flessate, ORBCOMM's Senior Vice President and General Manager, Government, AIS and Business Operations. ORBCOMM's seasoned AIS team has over 100 years of combined experience in AIS, and we believe our extensive technical and commercial expertise offers Lloyd's List Intelligence the highest level of service combined with the industry's most complete view of global vessel activity.
When tracking the global fleet, we have to be able to rely on fast delivery of proprietary data sets with reliable collection and distribution methods, said Parvin Conners, Head of Content at Lloyd's List Intelligence. The established robustness of ORBCOMM's AIS data helps our customers gain the transparency they need to weigh their options, respond to developments and make better decisions for their organizations. ORBCOMM's AIS data will play a key supporting role for our compliance risk detection enhancements in 2021.
ORBCOMM's pioneering AIS data service has provided the most comprehensive and reliable global coverage in the market over the last decade. ORBCOMM continues to advance its AIS business by enhancing its satellite AIS service with two new, next-generation AIS CubeSats that feature advanced software defined radio receivers and unique multi-antenna implementation, and are expected to expand coverage of ORBCOMM's constellation, increase visibility to smaller Class B ships and extend its polar footprint with launches planned on separate missions within the next year. In addition, ORBCOMM is working with AAC Clyde Space and Saab to develop a next-generation, space-based VHF Data Exchange System (VDES) satellite, expected to launch in 2022, which will enhance maritime communications by providing more extensive global coverage and increased bandwidth and versatility.
For more information about ORBCOMM's satellite AIS service, download ORBCOMM's whitepaper, Accelerating Digitalization in Global Maritime Trade and Supply Chains: The Evolving Role of AIS Data.
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
