Corporate News
ARGON ST SIGNS IVAR AGREEMENT WITH ORBCOMM
Fort Lee, NJ, November 8, 2007 -ORBCOMM (NASDAQ: ORBC), announced today that it and Argon ST (NASDAQ: STST) have signed an International Value Added Reseller (IVAR) agreement. Argon ST intends to leverage its communication technology and significant knowledge of the ORBCOMM network to deliver unique services to various markets, including international trucking and heavy equipment. Argon ST has partnered with Hydac International, the world's leader in fluid condition monitoring, to provide data analysis expertise for onboard fluid systems such as hydraulic and oil filtration health and predictive maintenance. Hydac International has offices in 43 different countries and supply agreements with several trucking and heavy equipment original equipment manufacturers (OEMs).
Argon ST delivers state-of-the-art communication systems, sensor technologies, and integrated networks to a variety of customers, including ORBCOMM, where they participated in developing satellite software technologies that are currently on orbit. Marc Eisenberg, ORBCOMM's COO, said "Argon ST is intimately familiar with the communications technologies that make ORBCOMM unique. As such, they are able to provide expert technical capabilities when it comes to developing applications that leverage our satellite network. We look forward to working closely with Argon ST as we further expand into multiple markets."
Argon ST COO, Kerry Rowe said "Argon's relationship with ORBCOMM as a development partner in their current and next-generation satellite constellation engineering efforts has been fruitful for both companies," Mr. Rowe continued, "By leveraging our in-depth knowledge of remote systems in general and our knowledge of ORBCOMM in particular, we are able to provide unique value to ORBCOMM and their partners".
About ORBCOMM
ORBCOMM is a global satellite data communications company that provides reliable, cost-effective data communications services to customers around the world through its unique low-earth orbit (LEO) satellite network and global ground infrastructure. A diverse customer base, including industry leaders General Electric, Caterpillar Inc., Volvo Group, XATA, Hitachi and Komatsu, uses ORBCOMM services to track, monitor and control mobile and fixed assets, including trucks, containers, marine vessels, locomotives, heavy machinery, pipelines, oil wells, utility meters and storage tanks anywhere in the world. For more information call 1-800-ORBCOMM or visit its website at www.orbcomm.com.
About Argon ST
Argon ST, Inc. designs, develops, and produces systems and sensors for the Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) markets including SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW (Electronic Warfare), IO (Information Operations), imaging, and acoustic systems serving domestic and international markets.