04.01.2006

ORBCOMM announces completion of equity financings

$110 Million In Committed Capital From New and Existing Investors Will Support ORBCOMM’s Global Growth Strategy

OHB Technology affiliated company ORBCOMM, Dulles, Va., United States, a global satellite telecommunications company, today announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital. Several existing investors also contributed to these financings including Ridgewood Capital, OHB Technology AG, Northwood Ventures and senior management. In this round, OHB Technology AG invested a further $4 million and thus took a larger share of the equity issue than its pro rata share of the existing investors. Following the completion of the equity issue, OHB will hold a 11% stake in ORBCOMM.

“This latest investment, with significant contributions from Pacific Corporate Group, a top-tier firm, further validates the uniqueness of our technology and our ability to bring cost-effective, high-quality infrastructure and asset tracking satellite services to businesses that have assets located anywhere in the world,” said Jerry Eisenberg, CEO of ORBCOMM. “This new funding allows us to accelerate our satellite replenishment program in order to support our rapidly growing customer base and offer new products and services. Attracting such high-quality investors reflects their belief in our ability to deliver significant value to our customers, our resellers and our hardware partners.”

“Pacific Corporate Group's investment in ORBCOMM reflects our strategy of investing in well-managed, established companies that have significant growth potential,” said Tim Kelleher, a Managing Director of Pacific Corporate Group. “We were attracted to this sector by growing recognition of the productivity and security benefits of telemetric and telematic solutions. We expect these technologies to become a commercial imperative in coming years. ORBCOMM is a leading player and has positioned itself to rapidly grow its customer base by offering satellite-based global coverage, service reliability and competitive pricing.”

Proceeds from the financings will be used primarily to fund ORBCOMM’s next generation satellite program, which will replenish the existing 30 satellites in ORBCOMM’s low-earth orbit constellation and upgrade the network’s infrastructure over the next few years. These next generation satellites will have unique features and additional capabilities, which will allow ORBCOMM and its partners to offer new products and services. Following the final stages of a competitive bidding process, ORBCOMM anticipates signing contracts early in 2006 with vendors who will partner on the first deployment of this satellite replenishment program.

At the beginning of 2005, Orbcomm signed a contract with OHB Technology subsidiary OHB-System AG for the development and delivery of a satellite bus, integration with the communications payload and the launch of the first of the second-generation ORBCOMM satellites known as ORBCOMM CDS. Due to be launched in the first half of 2006, this satellite design forms the basis for OHB’s offer for further satellites to ORBCOMM.

UBS Investment Bank acted as placement agent and sole financial advisor to ORBCOMM in connection with the placement to institutional investors. Chadbourne & Parke LLP acted as legal advisor to ORBCOMM.

About OHB Technology AG

OHB Technology AG is the first listed technology and space company in Germany (ISIN: DE0005936124; Security Identification Number: 593612; Prime Standard). With its three operative divisions – Telematics, Space Technology & Security and Satellite Services – it creates comprehensive solutions for its customers. OHB Technology covers the entire value chain from the development, construction and operation of satellites to communication service provision with end-to-end customer solutions.

About ORBCOMM

ORBCOMM is a wireless telecommunications company that provides reliable, cost-effective data communications services to customers around the world through its unique low-earth orbit (LEO) satellite network and global ground infrastructure. A diverse customer base, including industry leaders General Electric, Caterpillar Inc., Volvo Group , XATA, Komatsu and Itron, uses ORBCOMM services to track, monitor and control mobile and fixed assets including trucks, containers, marine vessels, locomotives, heavy machinery, pipelines, oil wells, utility meters and storage tanks anywhere in the world. For more information call 1-800-ORBCOMM or visit its Web site at www.orbcomm.com.

About Pacific Corporate Group (PCG)

Founded in 1979, Pacific Corporate Group is an investment, fund management and advisory firm focused solely on private equity. The firm has two operating units, PCG Asset Management and PCG Capital Partners. PCG Asset Management conducts Pacific Corporate Group's partnership investment business, which oversees institutional private equity portfolios through a combination of discretionary management and advisory arrangements. PCG Capital Partners manages a $500 million, institutionally funded, private limited partnership that provides customized, non-control, equity financing solutions to help established companies fund strategic and growth initiatives. Since 1993, Pacific Corporate Group has invested approximately $1 billion of private equity capital in companies across several industries, including energy, consumer, financial services, business services, healthcare, and telecommunications.

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.

Contact for media

Günther Hörbst
Head of Corporate Communications

OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany

Phone.: +49 421 2020-9438
Mobile: +49 171 1931041
Email: guenther.hoerbst@ohb.de

Julia Riedl
Corporate Communications

OHB System AG
Manfred-Fuchs-Straße 1
82234 Weßling - Oberpfaffenhofen
Germany

Phone: +49 8153 4002 249
Mobile: +49 172 10 80 716
Email: julia.riedl@ohb.de

You can reach both of us with an email to pr@ohb.de