ORBCOMM 8-K 2007
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communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 1.01. Entry into a Material Definitive Agreement.
On September 13, 2007, ORBCOMM Inc. (the Company) and the U.S. Coast Guard entered into an Amendment of Solicitation/Modification of Contract (the Amendment) amending the Validation Services Agreement dated as of May 20, 2004 by and between the Company and the U.S. Coast Guard (the VSA). The U.S. Coast Guard awarded the VSA to the Company to develop and demonstrate the ability to receive, collect and forward Automatic Identification System (AIS) data over the Companys satellite system. The U.S. Coast Guard has paid the Company the full contract price of $7.2 million for the construction and launch of the Coast Guard Demonstration Satellite (the CDS), which has an AIS receiver in addition to the Companys standard communications payload.
The Amendment extends the definitive launch date for the CDS to December 31, 2007. In consideration for this extension, the Company has agreed to the following with respect to the CDS:
The Company has obtained a dedicated launch vehicle for the CDS and the Companys Quick-Launch satellites that is available for launch before the end of 2007. The Company expects to launch the CDS together with some of its Quick-Launch satellites before the end of 2007.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 19, 2007