ORBCOMM has expanded its long-standing agreement with Terex Corporation (Terex), and extended the service term of its factory installed telematics solution to its customers.
As part of the agreement, the two organisations will also collaborate on continued technology innovation for ORBCOMM’s heavy equipment IoT device and cloud-based data reporting and analytics platform.
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 their specific needs for easily monitoring various types of heavy machinery, increasing operational efficiency and providing significant cost savings to Terex’s customers.
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 their machines and entire fleets are performing.
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.
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 their long-term investment in ORBCOMM’s IoT technology, Terex will offer factory installed deployment of ORBCOMM’s new global telematics device on its heavy machinery, ensuring that Terex’s equipment can operate anywhere in the world for years to come.
“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.
“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.”
