ORBCOMM Extents Agreement with Terex.
ORBCOMM Inc, a global provider of Internet of Things (IoT) solutions, announced that it has expanded its long-standing agreement with Terex Corporation (Terex), and extended the service term of ORBCOMM's factory installed telematics solution to its customers. “ORBCOMM's enhanced agreement with Terex solidifies their commitment to their heavy machinery customers around the world by leveraging our best-in-class,
ORBCOMM Inc, a global provider of Internet of Things (IoT) solutions, announced that it has expanded its long-standing agreement with Terex Corporation (Terex), and extended the service term of ORBCOMM's factory installed telematics solution to its customers. “ORBCOMM's enhanced agreement with Terex solidifies their commitment to their heavy machinery customers around the world by leveraging our best-in-class, dual-mode IoT technology,” said Marc Eisenberg, ORBCOMM's Chief Executive Officer. Through this enhanced agreement, Terex will extend its commitment to its customer base for their use of ORBCOMM's telematics system for seven years, with an automatic renewal for four additional years. As part of the agreement, ORBCOMM and Terex will also collaborate on continued technology innovation for ORBCOMM's industry-leading heavy equipment IoT device and cloud-based data reporting and analytics platform. Terex will also migrate to ORBCOMM's next generation OEM platform, FleetEdge 4, which has been customized to meet their specific needs for easily monitoring various types of heavy machinery.
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