ORBC - ORBCOMM rallies as it extends partnership with Lloyd's List Intelligence

ORBCOMM (ORBC) announced that Lloyd’s List Intelligence, part of Informa, has extended their contract through 2023 for ORBCOMM’s satellite Automatic Identification System data used for ship tracking and other maritime navigational and safety efforts.ORBCOMM’s AIS data will play a key supporting role for the compliance risk detection enhancements in 2021.“ORBCOMM’s seasoned AIS team has over 100 years of combined experience in AIS, and we believe our extensive technical and commercial expertise offers Lloyd’s List Intelligence the highest level of service." said Greg Flessate, ORBCOMM’s Senior VP and GM, Government, AIS and Business Operations.ORBC +10.45% PM to $7.26.

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ORBCOMM rallies as it extends partnership with Lloyd's List Intelligence