Orbcomm Inc., a global provider of Internet of Things (IoT) solutions, has expanded its long-standing agreement with Terex Cor.p., and extended the service term of Orbcomm’s factory-installed telematics solution to its customers.
Through the 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. By extending contracts, Terex will drive its continued growth and broaden its telematics offering to satisfy dealers and end-user customers as their needs shift in the future. Terex will offer Orbcomm’s telematics system as standard across several different brands in Terex, including Powerscreen Terex Finlay, CBI, Terex Ecotec and EvoQuip.
Terex will also migrate to Orbcomm’s next generation OEM platform, FleetEdge 4, which has been customized to meet specific needs such as monitoring various types of heavy machinery, increasing operational efficiency and providing significant cost savings. Orbcomm’s FleetEdge 4 platform features an improved user experience with incremental key features, including dynamic dashboards, filters and custom reports, enabling fleet managers to gain deeper insight into how machines and entire fleets are performing, Orbcomm said. “By accessing increased data and utilizing the platform’s advanced analytics, Terex customers can more effectively manage preventive maintenance, optimize fuel consumption and increase asset utilization,” according to the company. Orbcomm will continue to develop the FleetEdge platform to support Terex’s future needs, including expanded machine data collection and more robust analytics.
As part of its investment in Orbcomm’s IoT technology, Terex will offer factory-installed deployment of Orbcomm’s new global telematics device on its heavy machinery. In addition to providing connectivity on global LTE bands, Orbcomm’s dual-mode device provides seamless fallback to multi-band 3G and 2G networks if 4G is not available, and to satellite when out of cellular coverage, which greatly simplifies logistics and distribution and lowers the cost of global deployments for Terex. Terex will standardize Orbcomm’s global IoT device across a number of its telematics-enabled machines.
“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 CEO. “The unique combination of our global telematics device and next-generation data reporting and analytics platform customized for Terex enables customers to track, monitor and control their assets seamlessly into the future.”
“Telematics is more important than ever right now. Being able to stay connected with your equipment, manage logistics, access critical machine information and perform remote operator support is vital,” said Paul Morris, telematics manager for Terex. “Terex is pleased to deliver Orbcomm’s latest IoT technology to its global customers and leverage the critical data insights to drive further improvements in our machinery, including increased reliability, uptime and fuel efficiency.”