SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Orbital science (ORB)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Fred Levine who wrote (2230)9/30/1999 10:04:00 AM
From: Fred Levine  Read Replies (1) of 2394
 
Thursday September 23, 2:30 pm Eastern Time

Company Press Release

SOURCE: ORBCOMM Global, L.P.

Stellar ST2500 ORBCOMM Communicator Product Line
Approved for Use Across Europe

DULLES, Va., Sept. 23 /PRNewswire/ -- ORBCOMM Global, L.P. (ORBCOMM), the first commercial provider of global low-Earth orbit (LEO)
satellite data and messaging communications services, today announced that Stellar Satellite Communications' ST2500 subscriber
communicator (SC) product line has received European Telecommunications Standards Institute (ETSI) approval and is now available for use in
Europe.

Stellar SCs are small communicators capable of sending and receiving short data messages from fixed or mobile assets anywhere on the globe
using ORBCOMM's network of LEO satellites. Stellar SCs were among the world's first communicators designed to work with the ORBCOMM
network. Stellar's communicators are designed for applications such as mobile asset tracking, two-way messaging, remote asset monitoring and
control, environmental monitoring and asset security.

``The ETSI approval will allow Stellar to actively market its product in Europe and capitalize on two years of successful product tests and
evaluations,' said Zvi Huber, President of Stellar Satellite Communications. ``The ST2500 and its modular design can support any mobile or
fixed site application, either as an OEM card or a full hardware solution. Stellar can help European companies cut time to market as we have
integrated in this design all that we have learned from our success in the North American market.'

``Stellar's ST2500 communicators are an attractive communications option for European businesses, and we're excited about working with Stellar
to bring them to market,' said Scott L. Webster, Chairman and Chief Executive Officer of ORBCOMM. ``Stellar SCs give customers the ability to
cost-effectively track and communicate with assets anywhere in the world. The ORBCOMM system was designed for that purpose, and Stellar
has been an important partner in delivering global data communications solutions to forward-thinking businesses.'

Stellar Satellite Communications is a subsidiary of Elisra Electronic Systems. Elisra's main businesses are electronic warfare, telecommunications
and microwave technology. Elisra's parent company, Tadiran, is a conglomerate with international presence in both civil and military
telecommunications markets. Stellar's primary markets are asset tracking, in-vehicle messaging and remote monitoring. Stellar's installations
include refrigerated trailers, heavy equipment, trucks and marine vessels in mobile applications to storage tanks, wells, environmental sensors
and utility meters in stationary applications.

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 tracking of mobile assets such as trailers, containers, rail cars, heavy equipment,
fishing vessels, barges and government assets; monitoring of fixed assets such as electric utility meters, oil and gas storage tanks, wells and
pipelines and environmental projects; and messaging services for consumers and commercial and government entities.

ORBCOMM is a partnership owned by Orbital Sciences Corporation (NYSE: ORB - news) and Teleglobe Inc. (NYSE: TGO - news) of Canada.
Teleglobe is listed on the NYSE, TSE (Toronto Stock Exchange) and ME (Montreal Exchange) under the TGO 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 275 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.

This release contains forward-looking statements, including statements regarding ORBCOMM's expected commercial operations. These
forward-looking statements are based on a number of assumptions and ORBCOMM's actual results and operations may be materially different
from those expressed or implied by such statements. For a description of factors that may cause ORBCOMM's results to differ materially from
those expressed or implied by such forward-looking statements, please consult the Securities and Exchange Act filings of ORBCOMM Global,
L.P.

For more information on ORBCOMM services, please call 1-800-ORBCOMM, or visit the ORBCOMM web site at www.orbcomm.com.

For further information, contact Devon Nagle of Shandwick, 410-558-2100, or dnagle@shandwick.com, for ORBCOMM.

SOURCE: ORBCOMM Global, L.P.

fred
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext