Genscape selects ORBCOMM satellite AIS data, global coverage for improved safety, tracking

ROCHELLE PARK, N.J., 22 June 2016. Officials atGenscape, a global provider of energy information for commodity, shipping, and financial markets in Louisville, Kentucky, has selected ORBCOMM Inc. (Nasdaq:ORBC), a provider of machine-to-machine (M2M) and Internet of Things (IoT) solutions in Rochelle Park, New Jersey, to provide satellite automatic identification system (AIS) data to be used by customers of Genscape’s value-added AIS-based solutions.

Through its second-generation constellation of low-Earth orbit (LEO) satellites, ORBCOMM provides AIS data services to assist in vessel tracking and improve maritime safety for government and commercial customers worldwide. ORBCOMM’s advanced satellite network provides revisit rates of eight to fifteen minutes over most of the world with average vessel reporting latency of just under ten minutes worldwide and as short as one minute in many areas. ORBCOMM boasts an established and robust network operations and global ground infrastructure, officials say.

“We are very pleased to be selected by Genscape as a preferred industry partner for satellite AIS data services,” says ORBCOMM Chief Executive Officer Marc Eisenberg. “ORBCOMM’s AIS service provides the most comprehensive global coverage and the highest refresh rates of any satellite-based AIS data system. We look forward to helping Genscape deliver an even greater level of service to its customers by offering a complete situational picture of vessel activity worldwide.”

“Genscape is committed to providing world-class products and services that enable transparency and actionable decision making for participants in global shipping, commodities, and energy supply chains,” explains Genscape Chief Executive Officer Matthew Burkley. “Our partnership with ORBCOMM is reflective of this mission, as it expands our customers’ access to Genscape’s market-leading terrestrial AIS coverage alongside ORBCOMM’s resilient, reliable and comprehensive satellite AIS data to provide real-time visibility into ship movements anywhere on the globe.”

ORBCOMM Inc. (Nasdaq:ORBC) is a global provider of Machine-to-Machine (M2M) communication solutions and a 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. In addition, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking to improve maritime safety to government and commercial customers worldwide.

With nearly 20 years of innovation and expertise in M2M, ORBCOMM has more than 1.6 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 and Werner Enterprises.

Genscape is a global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain important insights, improve risk management, or increase operational efficiency.