<PAGE> 1
FOR IMMEDIATE RELEASE
ORBCOMM STREAMLINES ORGANIZATION
Dulles, VA, June 29, 2000 - ORBCOMM Global, L.P. (ORBCOMM), the first commercial
provider of global low-Earth orbit (LEO) satellite data communication services,
today announced that, to align its operational expenses with its revenue and
funding sources, it has reduced its staff by approximately 20 percent, affecting
112 ORBCOMM employees and contractors across its organization. ORBCOMM believes
this reduction in force will not divert it from supporting its core
competencies, including the maintenance and operation of the ORBCOMM satellite
constellation and the provision of ORBCOMM services to a growing community of
customers around the world.
Orbital Sciences Corporation, which designs, manufactures and launches ORBCOMM's
satellites, is delaying production of future ORBCOMM satellites. This revised
production schedule will allow ORBCOMM to dedicate its capital to the marketing,
sales and installation of subscriber units for new and existing customers. The
procurement of additional satellites is neither time- nor operationally critical
at this time to the distribution of ORBCOMM service.
"ORBCOMM considered all alternatives to compress our financial requirements and
unfortunately concluded that a staff reduction was necessary," said Scott L.
Webster, Chairman and Chief Executive Officer of ORBCOMM. "ORBCOMM remains
focused on ensuring the longevity and well-being of its satellite network, and
the ORBCOMM satellite constellation remains in full operation. We have
successfully built the world's first commercial LEO satellite network and see
the enormous promise of global wireless data communications."
ABOUT ORBCOMM
ORBCOMM provides two-way monitoring, tracking and messaging services through the
world's first commercial low-Earth orbit satellite-based data communication
system. ORBCOMM applications include tracking of mobile assets such as trailers,
containers, locomotives, rail cars, heavy equipment, fishing vessels, barges and
government assets; monitoring of fixed assets such as electric utility meters,
oil and gas storage tanks, wells and pipelines and environmental projects; and
messaging services for consumers and commercial and government entities.
- MORE -
3
<PAGE> 2
ORBCOMM is owned by Teleglobe Inc. (NYSE, TSE: TGO) and Orbital Sciences
Corporation (NYSE: ORB). Teleglobe Inc. is a leading global provider of
broadband services with the most extensive global Internet network. Delivering
advanced broadband applications to customers in more than 100 countries,
Teleglobe is the premier communications architecture for the digital economy.
Orbital is a space technology company that designs, manufactures and markets a
broad range of space products and satellite-based services.
# # #
This release contains forward-looking statements, including statements regarding
ORBCOMM's expected commercial operations. These forward-looking statements are
based on a number of assumptions and ORBCOMM's actual results and operations may
be materially different from those expressed or implied by such statements. For
a description of factors that may cause ORBCOMM's results to differ materially
from those expressed or implied by such forward-looking statements, please
consult the Securities and Exchange Act filings of ORBCOMM Global, L.P.
FOR MORE EDITORIAL INFORMATION, PLEASE CONTACT:
STANTON CRENSHAW (FOR ORBCOMM)
Devon Nagle
(212) 780-1900 x575
[email protected]
FOR MORE INFORMATION ON ORBCOMM SERVICES, PLEASE CALL 1-800-ORBCOMM, OR VISIT
THE ORBCOMM WEB SITE AT www.orbcomm.com.
4
