Inmarsat plc is a British satellite telecommunications company, offering global mobile services. It provides telephone and data services to users worldwide, via portable or mobile terminals which communicate to ground stations through eleven geostationary telecommunications satellites. Inmarsat's network provides communications services to a range of governments, aid agencies, media outlets and businesses with a need to communicate in remote regions or where there is no reliable terrestrial network. The company is listed on the London Stock Exchange, is a constituent of the FTSE 250 Index as of December 2011 and a financial sponsor of Télécoms Sans Frontières. Wikipedia.
News Article | February 17, 2017
You're tired and stiff after a long flight and you can't wait to land. But then the captain says there'll be a delay because there aren't any landing slots available. So you circle the airport in a holding pattern for what seems like ages - groans all round. Well, such annoyances may become a thing of the past if a new air traffic management (ATM) system works as well as promised. Nats - the UK's air traffic control provider formerly known as National Air Traffic Services - is rolling out a new £600m ($747m) computer system known as iTec that could result in more flights, fewer delays and a cleaner airspace for all. Chief architect Simon Daykin describes it as "one of the biggest transformations" in the organisation's 56-year history. The project should be complete by 2020, he says. Managing the 2.2 million flights that cross UK airspace each year is complicated enough, but with that number forecast to rise to three million by 2030, it became clear that the current system - which dates back 40 years - would need an overhaul, explains Mr Daykin. Perhaps the most significant change - although travellers are unlikely to notice it - will be the abandonment of the network of invisible "roads" in the sky - the routes which all aircraft currently follow. Now air traffic controllers, using predictive analytics software called iFacts, will be able to predict the path of aircraft as much as 18 minutes in advance, says Mr Daykin. "In effect we can get an earlier view of where congestion will be in the sky and tweak flight paths, which means less re-routing," he says. "We can now slow traffic down en route so you don't get stuck in a holding pattern over London." Adding time management to the mix means controllers will be operating in four dimensions, not just the usual three of latitude, longitude and altitude. The European Space Agency, satellite company Inmarsat and others are also testing how this "4D" air traffic management could help squeeze more planes into our skies whilst also reducing congestion. Another benefit of applying clever analytics to the skies is that flights can be made more energy efficient. At the moment, planes have to stagger their ascents and descents, climbing or dropping to set altitudes at certain points throughout the journey. "At the moment current air traffic management systems limit the efficiency of aircraft," explains Prof Andrew Rae, engineering professor and aviation expert at the University of the Highlands and Islands. Replacing these hops and jumps with smooth, curving ascents and descents will be more efficient both in terms of fuel and noise, he says. "You can save just under 10% fuel burn that way, but it means not flying at constant height or speed," he says. "That's saving both emissions and cost." The new system will have to handle a huge increase in real-time data, so Nats is building its own private cloud. "We'll be using much more computing and processing power than we ever needed before," says Mr Daykin. "We'll be creating more big data, which we will be storing to mine and dive into, to learn more about how to be better." As mornings tend to be much busier than afternoons when it comes to flights, "we can use cloud technology to flex our resources depending on operational needs," he adds. All the data will be held in dedicated UK-based data centres. "There will be huge cybersecurity," he says. "It's a safety-assured cloud. There will also be a back-up system." Mr Daykin is so conscious about information security that he has an "enterprise-grade" firewall in his own home. As part of the improvements, air traffic controllers will work for the first time on touch screens and use Voip [voice over internet protocol] communications to talk to their colleagues and counterparts. The upgrade is part of the Europe-wide Single European Sky (SES) project, which involves all 28 member states, By 2020, the SES aims to have tripled the number of planes in the sky; made air travel 10 times safer; reduced the environmental impact by a factor of 10; and halved navigational service costs. Achieving all this is "unlikely" in the time frame, says Aimee Turner, editor of Air Traffic Management magazine. But Nats is ahead of the game, she argues - the new system has already been successfully tested at Nats' Prestwick base in Scotland, and in Germany. "Nats is adopting a strategic approach through significantly changing its fundamental ATM [Air Traffic Management] system," she says. As flights pass across different airspaces, the other national air traffic organisations will have to pass their data on in real time to allow the predictive analysis to continue. This means that "each member state still has to develop its own ATM system so it's fit for purpose to meet not only the technological vision of the SES, but also manage the forecast traffic growth which all EU nations will experience," says Ms Turner. But Prof Rae is not convinced that the new system will entirely eliminate delays for travellers. "In practice things like passengers arriving late, or unexpected service needs, will mean complications will still disrupt travel," he says. "It also means different airspace controllers have to talk to each other - so if the French call a strike the whole thing will fall to pieces." Follow Technology of Business editor Matthew Wall on Twitter and Facebook Click here for more Technology of Business features
News Article | February 17, 2017
Wiseguyreports.Com Adds “Maritime VSAT -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2022” To Its Research Database This report studies sales (consumption) of Maritime VSAT in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of Maritime VSAT in these regions, from 2011 to 2021 (forecast), like Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into High Throughput Satellites L-Band KU-Band C-Band Other Split by applications, this report focuses on sales, market share and growth rate of Maritime VSAT in each application, can be divided into Military Civilian Global Maritime VSAT Sales Market Report 2017 1 Maritime VSAT Overview 1.1 Product Overview and Scope of Maritime VSAT 1.2 Classification of Maritime VSAT 1.2.1 High Throughput Satellites 1.2.2 L-Band 1.2.3 KU-Band 1.2.4 C-Band 1.2.5 Other 1.3 Application of Maritime VSAT 1.3.1 Military 1.3.2 Civilian 1.4 Maritime VSAT Market by Regions 1.4.1 United States Status and Prospect (2012-2022) 1.4.2 China Status and Prospect (2012-2022) 1.4.3 Europe Status and Prospect (2012-2022) 1.4.4 Japan Status and Prospect (2012-2022) 1.4.5 Southeast Asia Status and Prospect (2012-2022) 1.4.6 India Status and Prospect (2012-2022) 1.5 Global Market Size (Value and Volume) of Maritime VSAT (2012-2022) 1.5.1 Global Maritime VSAT Sales and Growth Rate (2012-2022) 1.5.2 Global Maritime VSAT Revenue and Growth Rate (2012-2022) 9 Global Maritime VSAT Manufacturers Analysis 9.1 Harris CapRock Communications 9.1.1 Company Basic Information, Manufacturing Base and Competitors 9.1.2 Maritime VSAT Product Type, Application and Specification 188.8.131.52 Product A 184.108.40.206 Product B 9.1.3 Harris CapRock Communications Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.1.4 Main Business/Business Overview 9.2 Hughes Satellite Systems 9.2.1 Company Basic Information, Manufacturing Base and Competitors 9.2.2 Maritime VSAT Product Type, Application and Specification 220.127.116.11 Product A 18.104.22.168 Product B 9.2.3 Hughes Satellite Systems Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.2.4 Main Business/Business Overview 9.3 Inmarsat 9.3.1 Company Basic Information, Manufacturing Base and Competitors 9.3.2 Maritime VSAT Product Type, Application and Specification 22.214.171.124 Product A 126.96.36.199 Product B 9.3.3 Inmarsat Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.3.4 Main Business/Business Overview 9.4 KVH Industries 9.4.1 Company Basic Information, Manufacturing Base and Competitors 9.4.2 Maritime VSAT Product Type, Application and Specification 188.8.131.52 Product A 184.108.40.206 Product B 9.4.3 KVH Industries Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.4.4 Main Business/Business Overview 9.5 RigNet 9.5.1 Company Basic Information, Manufacturing Base and Competitors 9.5.2 Maritime VSAT Product Type, Application and Specification 220.127.116.11 Product A 18.104.22.168 Product B 9.5.3 RigNet Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.5.4 Main Business/Business Overview 9.6 ViaSat 9.6.1 Company Basic Information, Manufacturing Base and Competitors 9.6.2 Maritime VSAT Product Type, Application and Specification 22.214.171.124 Product A 126.96.36.199 Product B 9.6.3 ViaSat Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.6.4 Main Business/Business Overview 9.7 VT IDirect 9.7.1 Company Basic Information, Manufacturing Base and Competitors 9.7.2 Maritime VSAT Product Type, Application and Specification 188.8.131.52 Product A 184.108.40.206 Product B 9.7.3 VT IDirect Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.7.4 Main Business/Business Overview 9.8 EMC 9.8.1 Company Basic Information, Manufacturing Base and Competitors 9.8.2 Maritime VSAT Product Type, Application and Specification 220.127.116.11 Product A 18.104.22.168 Product B 9.8.3 EMC Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.8.4 Main Business/Business Overview 9.9 Comtech Telecommunications 9.9.1 Company Basic Information, Manufacturing Base and Competitors 9.9.2 Maritime VSAT Product Type, Application and Specification 22.214.171.124 Product A 126.96.36.199 Product B 9.9.3 Comtech Telecommunications Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.9.4 Main Business/Business Overview 9.10 Vizada 9.10.1 Company Basic Information, Manufacturing Base and Competitors 9.10.2 Maritime VSAT Product Type, Application and Specification 188.8.131.52 Product A 184.108.40.206 Product B 9.10.3 Vizada Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.10.4 Main Business/Business Overview 9.11 MTN Satellite Communications 9.12 Eutelsat 9.13 OmniAccess 9.14 Imtech Marine 9.15 SpeedCast 9.16 Telespazi For more information, please visit https://www.wiseguyreports.com/sample-request/967752-global-maritime-vsat-sales-market-report-2017
News Article | February 28, 2017
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2016. The following financial highlights are in thousands of dollars. “In 2016 we continued to introduce innovative solutions for transportation, logistics and heavy equipment, which we expect will continue to positively impact the business in 2017 and beyond. These include several new products, customers, partners, and geographic territories,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “We continue to leverage the strong momentum for IoT as companies across all industries are adopting IoT solutions central to their core strategy. We believe we are in a strong position to execute on these new opportunities.” “In the fourth quarter Service Revenues increased 8.4% to $29.4 million, capping off a strong 2016 that saw Service Revenues increase 13% overall lifted by both acquisitions and organic growth,” said Robert Costantini, ORBCOMM’s Chief Financial Officer. “Adjusted EBITDA for the quarter of $12.5 million at improving margins of 26.6% was driven by high incremental margin Service Revenues.” For more information on recent highlights, please visit www.orbcomm.com. For the fourth quarter ended December 31, 2016, Service Revenues were up 8% over the prior year period to $29.4 million. The increase in Service Revenues in Q4 this year was driven by both organic growth and our most recent acquisitions. Organic growth of 4% benefited from the OG2 satellite constellation as well as our growing subscriber base across multiple lines of business. For the full year 2016, Service Revenues were $112.9 million compared to $100.0 million in 2015, an increase of $12.9 million or 12.9%. Product Sales during the fourth quarter of 2016 were $17.4 million compared to $17.9 million during the same period last year, decreasing ($0.5) million or 2.5%. Product Sales were lower largely due to the timing of deployments and delays in obtaining the required LTE product certifications, which resulted in a shift of about 10,000 units of backlog or $3-4 million to the first quarter of 2017. Product Sales for the full year 2016 were $73.9 million compared to $78.3 million in 2015, a decrease of ($4.5) million or 5.7%. Total Revenues of $46.8 million for the fourth quarter ended December 31, 2016 were up $1.8 million or 4.1% compared to $45.0 million during the same period of 2015. Total Revenues for the full year 2016 were $186.7 million compared to $178.3 million in 2015, an increase of 4.7%, led by double digit Service Revenue growth. Total Cost of Revenues and Operating Expenses for the fourth quarter of 2016 were $47.5 million compared to $42.6 million during the same period in 2015. Cost of Revenues, exclusive of Depreciation and Amortization, increased $1.0 million or 2.8% year-over-year largely due to higher Cost of products sold. For the quarter, Cost of services, excluding Depreciation and Amortization, increased 2.8% to $9.6 million and as a percentage of Service Revenues decreased to 32.6% or 170 basis points lower than the fourth quarter of 2015 improving Service margins this quarter to 67.4%. Operating Expenses for the full year were higher primarily due to higher Depreciation and Amortization and non-labor related SG&A expenses. For the full year, Selling, general and administrative expense and Product development expenses increased 4.5% to $53.2 million. Total Cost of Revenues and Operating Expenses for the full year 2016 were $201.2 million or 8.5% higher than last year’s $185.5 million. However, Total Cost of Revenues and Operating Expenses, exclusive of Depreciation and Amortization, decreased $0.5 million or 0.3% compared to last year, and as a percentage of Total Revenues declined to 84.8% from 89.1% last year. Fiscal 2016 results include an impairment charge of ($10.7) million to write-off the net book value of one of the in-orbit OG2 satellites as of September 30, 2016 that was launched in July 2014 where communication was lost. The loss of this one satellite is not expected to have a material impact on network communications services or our financials going forward. The Company believes the loss of communication is likely specific to this one satellite. Income (Loss) Before Income Taxes, Net Income (Loss), and Earnings Per Share Income (Loss) Before Income Taxes for the fourth quarter of 2016 was a ($2.9) million loss, compared to the $1.2 million profit for the fourth quarter of 2015. For the full year 2016, the Loss Before Income Taxes was ($22.7) million compared to a loss of ($11.8) million in 2015, reflecting higher Depreciation and Amortization of ($16.2) million in 2016, partially offset by a lower satellite impairment charge in 2016 of $2.1 million. Net (Loss) Income attributable to ORBCOMM Inc. Common Stockholders was ($3.2) million Net Loss for the fourth quarter of 2016, compared to Net Income of $0.2 million for the same period in 2015. Basic EPS was a loss of ($0.05) per share for the fourth quarter of 2016 versus $0.00 per share for the same period last year. Net (Loss) attributable to ORBCOMM Inc. Common Stockholders was ($23.5) million for the full year 2016 compared to a loss of ($13.3) million in 2015. Basic EPS was a loss of ($0.33) per share for the full year 2016 versus a loss of ($0.19) per share for 2015. Net Income (Loss) – Ex-Items, attributable to ORBCOMM Inc. Common Stockholders and Basic EPS – Ex-Items are non-GAAP financial measures used by the Company. Please see the financial tables at the end of the release for a reconciliation of Net Income (Loss) – Ex-Items, attributable to ORBCOMM Inc. Common Stockholders and Basic EPS – Ex-Items. EBITDA for the fourth quarter of 2016 was $10.5 million compared to $9.5 million in the fourth quarter of 2015. For the full year 2016, EBITDA was $28.5 million compared to $19.4 million in 2015, an increase of $9.1 million or 46.7%. Adjusted EBITDA of $12.5 million for the fourth quarter of 2016 was 4.9% higher than last year’s $11.9 million in the fourth quarter. Adjusted EBITDA as a percentage of Total Revenues for the quarter was 26.6% or 21 basis points better than last year’s fourth quarter. For the full year 2016, Adjusted EBITDA was $47.3 million compared to $42.3 million for 2015, an increase of $4.9 million or 11.7%. Adjusted EBITDA as a percentage of Total Revenues for the full year was 25.3% or 157 basis points better than last year. EBITDA and Adjusted EBITDA are non-GAAP financial measures used by the Company to measure operating performance and the quality of earnings. Please see the financial tables at the end of the release for a reconciliation of EBITDA and Adjusted EBITDA. At December 31, 2016, Cash and Cash Equivalents totaled $25.0 million, compared to $28.1 million at December 31, 2015 that included $1.0 million in Restricted Cash, decreasing ($3.1) million. The cash decline was partially offset by the $28.9 million of Cash generated by operations for 2016. Cash invested in Capital Expenditures was ($28.4) million, of which ($8.3) million was due to the completion of milestone and insurance payments for the OG2 program related to the final launch in late 2015 and includes ($1.6) million of capitalized interest. In addition, we paid ($3.8) million for the Skygistics acquisition in the second quarter of 2016. ORBCOMM will host a conference call and webcast for the investment community this morning at 8:30 AM ET. Senior management will review the results, discuss ORBCOMM’s business, and address questions. To access the call, domestic participants should dial 1-888-312-3052 at least ten minutes prior to the start of the call. International callers should dial 1-719-325-2298. To hear a live web simulcast or to listen to the archived webcast following completion of the call, please visit the Company’s website at http://investors.orbcomm.com and then select “News & Events” to access the link to the call. To listen to a replay of the conference call, please visit https://event.mymeetingroom.com/Public/WebRegistration/Y29uZmVyZW5jZUlkPTYwNTA3ODgmdHlwZT1yZXBsYXkmbGFuZ3VhZ2U9ZW5nbGlzaA The replay will be available from approximately 1:30 PM ET on February 28, 2017, through 1:30 PM ET on March 14, 2017. ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine (M2M) communication solutions and the only commercial satellite network dedicated to M2M. ORBCOMM’s unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry’s most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government. With close to two decades of innovation and expertise in M2M, ORBCOMM has more than 1.7 million subscribers with a diverse customer base including premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo Construction Equipment, as well as end-to-end solutions customers such as C&S Wholesale, Canadian National Railways, CR England, Hub Group, KLLM Transport Services, Marten Transport, Swift Transportation, Target, Tropicana, Tyson Foods, Walmart, Union Pacific Railroad and Werner Enterprises. For more information, visit www.orbcomm.com. 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, estimates, objectives and expectations for future events, as well as projections, business trends and other statements that are not historical facts. Such forward-looking statements are subject to known and unknown risks and uncertainties, some of which are beyond the Company’s control, which 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. These risks and uncertainties include but are not limited to: demand for and market acceptance of our products and services and our ability to successfully implement our business plan; our dependence on our subsidiary companies (Market Channel Affiliates (MCAs)) and third party product and service developers and providers, distributors and resellers (Market Channel Partners (MCPs)) to develop, market and sell our products and services, especially in markets outside the United States; substantial losses we have incurred and may continue to incur; the inability to effect suitable investments, alliances and acquisitions, and even if we are able to make acquisitions, the failure to integrate and effectively operate the acquired businesses and the exposure to additional risks, such as unexpected costs, contingent or other liabilities, or weaknesses in internal controls, and issues related to non-compliance with domestic and foreign laws, particularly in acquisitions of foreign businesses; our dependence on a few significant customers for a substantial portion of our revenues, including key customers such as Caterpillar Inc., Komatsu Ltd., Hub Group, Onixsat and Satlink S.L.; our ability to expand our business outside the United States, including risks related to the economic, political and other conditions in foreign countries in which we do business, including fluctuations in foreign currency exchange rates; our dependence on a few significant vendors, service providers or suppliers, as well as the loss or disruption or slowdown in the supply of products and services these key vendors, such as our SkyWave business’s dependence on its commercial relationship with Inmarsat plc and the services provided by Inmarsat plc, including the continued availability of Inmarsat plc’s satellites, the supply of subscriber communicators from Sanmina Corporation and Quake Global, or the supply of application specific integrated circuits (ASICs) from S3 Group; competition from existing and potential telecommunications competitors, including terrestrial and satellite-based network providers, some of whom provide wireless network services to our customers in connection with our products and services; our reliance on intellectual property rights and the risk that we, our MCAs, our MCPs and our customers may infringe on the intellectual property rights of others; inability to operate due to changes or restrictions in the political, legal, regulatory, government, administrative and economic conditions and developments in the United States and other countries and territories in which we provide our services; legal proceedings; the failure of our system or reductions in levels of service due to technological malfunctions or deficiencies or other events, such as in-orbit satellite failures, reduced performance of our existing satellites, or man-made or natural disasters and other extreme events; rapid and significant technological changes, pricing pressures and other competitive factors; cybersecurity risks; and the terms of our credit agreement, under which we currently have borrowed $150 million and may borrow up to an additional $10 million, that could restrict our business activities or our ability to execute our strategic objectives or adversely affect our financial performance. 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. The following table reconciles our Net Income attributable to ORBCOMM Inc. to EBITDA and Adjusted EBITDA for the periods shown: ORBCOMM publicly reports its financial information in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). To facilitate external analysis of the Company’s operating performance, ORBCOMM also presents financial information that are considered “non-GAAP financial measures” under Regulation G and related reporting requirements promulgated by the Securities and Exchange Commission. Non-GAAP measures should be considered in addition to, and not as a substitute for, or superior to, Net Income or other measures of financial performance prepared in accordance with GAAP and may be different than those presented by other companies. EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin are not performance measures calculated in accordance with GAAP and are therefore considered non-GAAP measures. A reconciliation table is presented above. EBITDA is defined as earnings attributable to ORBCOMM Inc. before interest income (expense), loss on debt extinguishment, provision for income taxes and depreciation and amortization. ORBCOMM believes EBITDA is useful to its management and investors in evaluating operating performance because it is one of the primary measures used to evaluate the economic productivity of the Company’s operations, including its ability to obtain and maintain its customers, its ability to operate its business effectively, the efficiency of its employees and the profitability associated with their performance. It also helps ORBCOMM’s management and investors to meaningfully evaluate and compare the results of the Company’s operations from period to period on a consistent basis by removing the impact of its financing transactions and the depreciation and amortization impact of capital investments from its operating results. In addition, ORBCOMM management uses EBITDA in presentations to its board of directors to enable it to have the same measurement of operating performance used by management and for planning purposes, including the preparation of the annual operating budget. The Company also believes that Adjusted EBITDA, defined as EBITDA adjusted for stock-based compensation expense, noncontrolling interests, impairment loss, non-capitalized satellite launch and in-orbit insurance, insurance recovery, and acquisition-related and integration costs, is useful to investors to evaluate the Company’s core operating results and financial performance because it excludes items that are significant non-cash or non-recurring expenses reflected in the Condensed Consolidated Statements of Operations. Adjusted EBITDA Margin equals Adjusted EBITDA divided by Total Revenues. The following table reconciles our Net Income (Loss) attributable to ORBCOMM Inc. Common Stockholders to Net Income (Loss) – Ex-Items, attributable to ORBCOMM Inc. Common Stockholders and Basic EPS to Basic EPS – Ex-Items for the periods shown: Net Income (Loss) – Ex-Items attributable to ORBCOMM Inc. Common Stockholders is defined as Net Income (Loss) attributable to ORBCOMM Inc. Common Stockholders, excluding Impairment Loss-satellite network, and Acquisition-related and integration costs. Basic EPS – Ex-Items is defined as Basic EPS excluding Impairment Loss-satellite network, and Acquisition-related and integration costs. Net Income (Loss) – Ex-Items attributable to ORBCOMM Inc. Common Stockholders and Basic EPS – Ex-Items are non-GAAP financial measures used by the Company. These non-GAAP financial measures are used as a means to evaluate period-to-period comparisons. These non-GAAP measures are presented in this press release as management believes that they will provide investors with a means of evaluating, and an understanding of how management evaluates, the Company’s performance and results on a comparable basis that is not otherwise apparent on a GAAP basis, since many non-recurring, infrequent or non-cash items that management believes are not indicative of the core performance of the business may not be excluded when preparing financial measures under GAAP. These non-GAAP measures should not be considered in isolation from, as substitutes for, or superior to financial measures prepared in accordance with GAAP, or may be different from similarly titled measures reported by other companies. A reconciliation table is presented above.
News Article | February 22, 2017
Kymeta testet innovative, flache, schlanke 20-cm-Terminals auf Basis von Metamaterialien für satellitenbasierte Internetverbindungen mit Unterstützung von Browser- und Videofunktionen für optimiertes Fahren und autonome Fahrzeuge REDMOND, Washington, 22. Februar 2017 /PRNewswire/ -- Kymeta, das Unternehmen, das sein Versprechen über globale, mobile Anbindung einlöst, gab heute bekannt, dass sein 20-cm-Satellitenterminal mTenna® für die an Verbraucher gerichtete vernetzte Autobranche sich erfolgreich mit der Satellitenkonstellation Intelsat S.A. verbunden hat. Dieser erfolgreiche Test setzt den Fortschritt von Kymeta für sichere, mobile Internetverbindungen mit hohem Datendurchsatz für die Automobilbranche fort und verfolgt die auf der North American International Auto Show in 2016 angekündigte Partnerschaft mit der Toyota Motor Corporation. „Dieser neue Test zeigt die Vorteile einer Satellitenanbindung mit hohem Datendurchsatz für Autos", sagte Dr. Nathan Kundtz, Geschäftsführer von Kymeta. „Nur unsere innovative Technologie kann nahtlos in das Dach eines Fahrzeuges integriert werden und die Kapazität bieten, die mit Satelliten mit hohem Datendurchsatz weltweit möglich ist, und gleichzeitig neu aufkommende und autonome Fahrfunktionen unterstützen." „Wir freuen uns, dass Kymeta seit Bekanntgabe der Partnerschaft letztes Jahr weiterhin Fortschritte macht. Dieser Test ist ein weiterer positiver Meilenstein und ein wichtiger Schritt zur zukünftigen Realität eines sicheren Kommunikationssystems mit hoher Bandbreite und einem globalen Abdeckungsbereich für vernetzte Autos", sagte ein Sprecher der Toyota Motor Corporation. Der Test zeigte, dass die mTenna-Technologie von Kymeta für Verbraucherfahrzeuge sich erfolgreich mit dem picNG-Satellitennetzwerk von Intelsat verbinden konnte und dabei Daten mit einem einzigen Terminal übertragen und empfangen, auf das Internet zugreifen und YouTube-Videos wiedergeben sowie einen Skype™-Anruf führen kann – und das alles gleich bei dem ersten Versuch. Aktuell können High Throughput Satellites (HTS) nur mit großen, traditionellen Satellitenschüsseln mit beweglichen Teilen verwendet werden. Mit der Satellitenlösung von Kymeta sind keine Satellitenschüsseln mit kardanischer Aufhängung mehr erforderlich. Diese Lösung bietet Autos Kapazität im Terabyte-Bereich und ermöglicht so eine Breitbandverbindung in Bereichen ohne terrestrische Reichweite. Der Test ist der erste Schritt zur Herstellung eines vernetzten Autos mit sichersten Verbindungen in globalem Maßstab. Dieser erfolgreiche Test wurde von Intelsat durchgeführt, dem weltweit führenden Anbieter von Satellitendiensten. Intelsat hat einen Partnerschaftsvertrag mit Kymeta, um eine Satellitenanbindung für die Autobranche zu ermöglichen. Kymeta bietet Internetanbindung, wie sie sein sollte: sicher, verfügbar, universal und global. Kymeta räumt Hindernisse aus dem Weg, indem es auf innovative Weise die Nutzung der Satellitennetzkapazität für den Zugang zu Kommunikationstechnologie mit hoher Bandbreite für unterwegs optimiert. Das erste Produkt des Unternehmens, eine Antenne mit Metamaterial-basierter elektronischer Antennenstrahlausrichtung und Softwareunterstützung für die Satellitenkommunikation, sorgt für eine bessere Vernetzung von u. a. Booten, Flugzeugen und Fahrzeugen. Kymeta erhielt 2017 eine Auszeichnung als 2017 Fast Company World's Most Innovative Companies in Space und den 2017 Puget Sound Business Journal Innovation Award for Technology. Das Unternehmen wurde mit dem 2016 Seattle Business Silver Tech Impact Award for Emerging Technology, dem 2016 AHEAD Innovators Award und kurz davor mit dem Frost & Sullivan 2016 New Product Innovation Award ausgezeichnet. Es wurde zudem an zwei aufeinanderfolgenden Jahren zum CNBC Disruptor, durch Strategic News Network zum FiReStarter sowie zum MIT Technology Review Disruptive Company in einer Gruppe von 50 führenden Unternehmen gewählt. Kymeta pflegt wichtige Partnerschaften mit führenden Unternehmen der Industrie einschließlich Toyota, Intelsat, Panasonic, Inmarsat, Airbus Defence & Space, Sharp, Intellian, O3b sowie weitere. Kymeta vernetzt alles, was sich bewegt. Überall. Das Unternehmen mit Sitz in Redmond, Washington ist international tätig. Weitere Informationen finden Sie unter www.kymetacorp.com.
News Article | February 28, 2017
LONDRES, 28 février 2017 /PRNewswire/ -- Le IoT M2M Council (IMC) a annoncé aujourd'hui que Hewlett Packard Enterprise (HPE) a rejoint l'IMC en tant que membre du conseil. L'IMC est une association commerciale qui compte comme membres 20 000 acheteurs qualifiés de solutions de réseau connues collectivement sous le nom d'« Internet des objets ». HPE siégera au Conseil des gouverneurs de cette relativement jeune association commerciale. « Pour nous, HPE a la stature d'un leader mondial des solutions IdO, et nous sommes fiers de les accueillir au sein du conseil qui définit une direction pour notre groupe », explique Keith Kreisher, directeur exécutif de l'IMC. « Pour notre part, l'IMC compile des statistiques démographiques importantes sur l'utilisation de la technologie IdO, en plus de fournir des communications cruciales. Nous espérons des échanges éclairants entre nous ». L'IMC prétend être un groupe commercial de premier plan au service du secteur IdO, recrutant chaque semaine plus de 300 nouveaux membres ordinaires. Fait intéressant, une majorité des membres de l'IMC proviennent des « opérations », et non de l'informatique ou de la R&D, et leurs niveaux d'engagement élevé illustre leur soif d'information. Certains des projets les plus récents du groupe comprennent la formation d'un comité de direction constitué d'acheteurs IdO listés dans le Fortune 500. Ce comité opère comme un groupe de discussion trimestrielle et un mini logiciel recensant les utilisateurs potentiels et leur état de préparation pour des déploiements IdO. « Parmi les solutions IdO, les avancées majeures qui sont en cours peuvent bénéficier aux entreprises d'un large éventail de marchés, mais cela doit être communiqué, et nous croyons que l'IMC peut jouer un rôle important pour y parvenir », dit Volkhard Bregulla, vice-président des entités mondiales de fabrication et distribution chez HPE, qui représentera la société au conseil IMC. « HPE a réalisé d'importants investissements en matière de sécurité, et d'innovations informatiques de pointe, ainsi que dans notre plateforme IdO Universal, et tous ont de vastes champs d'application. Couvrant un large éventail de marchés verticaux, l'empreinte mondiale de l'IMC nous aidera à interagir avec les membres qui déploient ces technologies ». À propos de l'IMC Basée à Londres, l'IMC est le plus important groupe commercial dédié au secteur mondial IdO/M2M. C'est aussi le groupe le plus dynamique, ayant recruté, depuis février 2014, plus de 20 000 membres. Parmi les entreprises membres du conseil, figurent Aeris, AT&T, Digi International, HPE, Ingénu, Inmarsat, Intel, KORE, ORBCOMM, MultiTech, PTC, Re-Teck, Semtech, SIGFOX, Telit, Verizon, Vodafone, et Wipro. Consultez le site www.iotm2mcouncil.org.
News Article | February 17, 2017
Delivering significantly enhanced operational and crew welfare benefits is turning the concept of the ‘connected ship’ into a reality LONDON, 17-Feb-2017 — /EuropaWire/ — Satlink Satellite Communications Ltd, a member of The Tototheo Group, a world leader in satellite communication and technical services, has entered into a new agreement with Inmarsat (LSE: ISAT.L) to integrate Fleet Xpress into Satlink’s existing service portfolio. Through the agreement, Satlink will bring more than 1,500 vessels to the Fleet Xpress service over a five-year period. Fleet Xpress, the Global Xpress maritime solution, sets a new standard for maritime global communications with crew welfare, regulatory and operational efficiency at its heart. The service, which is facilitating innovative ‘connected ship’ applications, delivers the highest levels of reliable, high-speed broadband connectivity and exceptional performance across all of the world’s oceans, with continuous connectivity and guaranteed performance. Satlink is one of the leaders in satellite communication and technical services in the maritime industry. Based in Cyprus, Satlink supply, service, integrate and install satellite communications equipment on-board. Its customers include merchant fleets, offshore, fishing and leisure vessels. Commenting on the agreement, Ronald Spithout, President of Inmarsat Maritime said: “Satlink is a long-standing Inmarsat Maritime Partner and we are delighted to further strengthen our relationship with this significant agreement.” “We are seeing an unprecedented uptake of the Fleet Xpress service since its launch last year, and by working with Satlink, we are able to extend our global reach and expertise to the market. The connected ship is no longer a concept, but now rapidly becoming a reality. With our, world-leading, high-speed broadband connectivity and a dedicated partner network, together we are revolutionising the industry and delivering tangible benefits in terms of vessel performance, driving operational efficiencies and improving the wellbeing of the crew.” Socrates Theodossiou, Joint Managing Director of The Tototheo Group said: ‘We are delighted to enhance our long cooperation with Inmarsat with this agreement. We have a global presence and have been committed to the maritime satellite communications industry for over 30 years. With this strategic alliance we look forward to utilising the innovative and dependable capabilities of Fleet Xpress for the increasing requirements of our customers in regards to broadband connectivity, and to enhance ship efficiency, crew welfare and the implementation of various ‘connected ship’ applications.” About Fleet Xpress Fleet Xpress delivers a unique, fully integrated dual capability of high speed, high capacity services (Global Xpress) together with high reliability safety-level services (FleetBroadband) in a single commercial package which is available anywhere in the world. Fleet Xpress is further enriched by Inmarsat Gateway, a unique service enablement platform designed to provide ship owners, managers and operators with access to a new generation of value-added maritime applications, services and solutions. Fleet Xpress will be taken to market through Inmarsat’s powerful and committed direct and indirect sales channels. Inmarsat Maritime, Inmarsat’s direct maritime sales arm, intends to transition more than 2,600 existing XpressLink installations to Fleet Xpress, and to convert its substantial committed XpressLink backlog, to Fleet Xpress over the next three years. Inmarsat’s maritime channel partners include all the leading maritime communications resellers, providing global reach, customer intimacy and value-added capabilities in support of Fleet Xpress, and a well-managed pathway for Inmarsat’s current FleetBroadband customers to migrate over time up to Fleet Xpress. About Inmarsat Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organisations, with a range of services that can be used on land, at sea or in the air. Inmarsat operates in more than 60 locations around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (ISAT.L). The Inmarsat press release newsfeed and corporate updates are on @InmarsatGlobal. About Satlink Satellite A member of the Tototheo Group, Satlink Satellite Communications Limited started its activities in the early 80s and has grown to become one of the leaders in satellite communication and technical services in the Maritime Industry. Satlink Satellite has a strong global presence with offices in Cyprus, Greece, Middle East and Singapore.
News Article | February 28, 2017
LONDRES, 28 de febrero de 2017 /PRNewswire/ -- El IoT M2M Council (IMC) ha anunciado hoy que Hewlett Packard Enterprise (HPE) se ha unido al Comité como nuevo miembro de la junta directiva. El IMC es una asociación comercial con miembros que son 20.000 compradores cualificados de soluciones de red conocidas colectivamente como la "Internet de las Cosas". HPE tomará asiento en la junta de gobernadores de la asociación comercial relativamente joven. "Vemos a HPE como un líder global en soluciones IoT, y estamos orgullosos de darles la bienvenida para ayudar a establecer una dirección para nuestro grupo", dijo Keith Kreisher, director ejecutivo de IMC. "Por nuestra parte, el IMC está recogiendo importantes estadísticas demográficas sobre el uso de la tecnología IoT, además de ofrecer comunicaciones cruciales. Esperamos aprender unos de otros". El IMC reclama ser un grupo comercial líder que da servicio al sector IoT, obteniendo más de 300 nuevos miembros generales semanalmente. Curiosamente, una pluralidad de los miembros de IMC viene de "operaciones", opuesto a TI e I+D, y sus altos niveles de implicación ilustran su hambre de información. Algunos de los proyectos más recientes del grupo incluyen la formación de un comité de liderazgo de compradores Fortune 500 IoT que se reúnen como un grupo trimestralmente y un asistente de software que encuesta a los posibles usuarios sobre su preparación para los despliegues IoT. "Hay grandes avances realizados en soluciones IoT que pueden beneficiar a las empresas desde un amplio rango de mercados, pero esto necesita ser comunicado, y vemos el IMC como una importante herramienta para hacer que esto suceda", dijo Volkhard Bregulla, vicepresidente de la Industria Global de Fabricación y Distribución, HPE, que representará a la compañía en la junta de IMC. "HPE ha realizado importantes inversiones en seguridad, innovaciones líderes en la industria en computación edge y en nuestra Universal IoT Platform, todo ello con amplias aplicaciones. La huella global de IMC, que cubre un amplio abanico de mercados verticales, nos ayudará a interactuar con personas que están desplegando estas tecnologías". Acerca de IMC IMC, con sede en Londres, es el grupo comercial de mayor tamaño y más rápido crecimiento dedicado al sector IoT/M2M global, con más de 20.000 miembros uniéndose desde febrero de 2014. Las compañías miembro de la junta incluyen Aeris, AT&T, Digi International, HPE, Ingenu, Inmarsat, Intel, KORE, ORBCOMM, MultiTech, PTC, Re-Teck, Semtech, SIGFOX, Telit, Verizon, Vodafone y Wipro. Visite www.iotm2mcouncil.org.
News Article | February 27, 2017
BARCELONA, Spain--(BUSINESS WIRE)--Actility and Sagemcom, pioneering industry leaders in Low Power Wide Area network software, today announce the availability of roaming between LoRaWAN networks, based on early implementation of the draft standard proposed by the LoRa Alliance™, which will be rolled out widely by operators over the coming months. This roaming capability will be demonstrated on Actility’s booth at MWC (8.0C3). Thanks to these features, operators will be able to enhance coverage within countries by network sharing, and enable international use cases for customers by roaming across borders. LoRaWAN private network owners will also be able to share their network coverage with public network operators. “The Standardisation team working on roaming at the LoRa Alliance has done a fantastic job in specifying all the needed elements, from provisioning to key management and “back office” functions, to enable roaming between LoRaWAN networks,” explains Actility founder & CTO Olivier Hersent. “We have seen a very strong pull from communication service provider customers, so Actility has invested very heavily to bring an early implementation of the latest stable draft specification to market and gain practical experience as soon as possible, as you can see in our demonstration. Our implementation enables network sharing and roaming between LoRaWAN networks using ThingPark Wireless IoT core network platform, and networks equipped with SagemCom and other standard compliant network servers.” “By implementing roaming features in their solutions accordingly with LoRa Alliance requirements, Sagemcom and their partners are speeding up the adoption of IoT by extending the coverage, the mobility and the cooperation between the operators. It also emphasizes the power of the Alliance by demonstrating the partnership and the interoperability between the different members and their solutions” says Eric Rieul, Sagemcom Energy & Telecom CEO. ““Inmarsat enables connectivity around the world, serving customers in remote areas, as well as industries which drive the global economy. We have recently extended the capabilities of our network to make LoRaWAN connectivity available from any ground station, and we are now able to offer low-power WAN connectivity anywhere. With the help of this new LoRa Alliance roaming standard, we will bring seamless ultra-low-power connectivity to a new range of mobile use cases worldwide,” comments Paul Gudonis, President, Inmarsat Enterprise. “Orange solutions based on LoRa® will be extended worldwide in July 2017, providing focused coverage to cities, harbours or industrial sites. LoRaWAN® standardised roaming is a key complementary pillar of our strategy, to optimise deployment costs and reliability for our business customers. Orange already provides a LoRa® based end-to-end solution in France supporting more than 60 Live B2B projects in numerous verticals such as smart cities, smart building, parking, smart home, industry, supply chain, tracking, agriculture.”, says Olivier Ondet, IoT & Analytics SVP, Orange Business Services. “LPWA is a core technology for the future of industry globally, and the dynamic manufacturing base which drives the Taiwanese economy is already turning to the IoT to optimise supply chain and logistics. The early availability of roaming, as demonstrated by Actility at MWC, and the global technology platform they now provide, is key to extending our solutions worldwide as quickly as possible,” explains Asia-Pacific Telecom President Tim Chen. Jasper Snijder, KPN’s EVP New Business adds, “The Internet of Things doesn’t stop at national borders. For many use cases, for instance asset tracking, it is important for our customers that ‘things’ remain connected across the globe. As the first operator in the world with a LoRaWAN network covering the entire country, we are soon going to be able to offer our customers multi-national LPWAN connectivity and coverage. “Roaming is essential for Objenious customers to fully benefit from LPWA network capabilities across all their locations and business internationally and globally, and we’re very pleased to see this early implementation which now contributes to enable LoRaWAN roaming”, says Stephane Allaire, Objenious CEO. “We think that roaming is a key capability for LoRaWAN, which will support many interesting use cases for our customers. We are seeing strong market demand for roaming capabilities, and are backing the LoRa Alliance roaming standard. We’re pleased to see companies like Actility offering early implementations of that draft standard, which means that our customers will be able to start implementing those use cases today,” adds Lars Petermann, Head of Smart Solution for IoT at telent GmbH. “Thanks to roaming we will be able to offer a seamless cross-border experience, which will unlock a huge potential in the market,” says Frederic Lhostte, Proximus Head of Advanced Telco Services. “It enables us to exploit new use cases, in the mobility sector as well as allow us to advance talks with companies that have business activities in a variety of countries. In addition, it will boost a closer relationship between operators in different countries that back LoRaWAN to jointly target international customers.” Roaming offers extended coverage for specific use cases by leveraging collaboration between multiple networks, and provides increased capacity and extended device battery life in areas where there are overlapping multiple networks, and finally, it enables LoRaWAN Service Providers to better manage capacity and optimise their coverage. Roaming also enables devices to connect to different LPWA networks depending on the local coverage, and enables use cases in which assets need to be monitored and tracked as they move between countries, for example in baggage monitoring or parcel/shipment tracking.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Centre | Award Amount: 787.59K | Year: 2012
Inmarsat | Date: 2011-09-14
A method of monitoring at least one beam of a satellite, the at least one beam being directed at a body around which the satellite orbits, the method comprising monitoring the at least one beam using a monitoring satellite which orbits around the body.