CNH Industrial advances in global satellite connectivity for construction sector
The Company has entered into an agreement with Iridium Communications Inc. for machine to machine satellite connectivity services. This new development further enhances the company’s telematics offering for its construction equipment segment by providing reliable global coverage for brand products.
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) has embarked on a new venture to better connect the people and machines working in the construction sector, no matter their location. This development involves an agreement with Iridium Communications Inc., a global satellite communications provider for the real time exchange of mobile voice and data. CNH Industrial will integrate Iridium’s satellite network into the telematics offering for its construction equipment segment.
An important step for CNH Industrial, these new capabilities will provide global machine to machine connectivity in the absence of conventional networks. The agreement with Iridium foresees the deployment of global satellite connectivity for customers of the company’s construction equipment brands, Case and New Holland Construction. Integrating this connectivity will allow users of the brands’ telematics solutions, CASE® SiteWatch and New Holland Construction® Fleet Force, to function outside of cellular coverage boundaries. This will effectively allow operators to communicate with their construction equipment regardless of the physical distances between them.
Already at the forefront of linking man and machine with the task at hand, both SiteWatch and FleetForce enable construction users to: monitor the location and performance of their assets, enhance security by creating geofences (virtual perimeters which act as locators) and alerts, reduce maintenance costs by monitoring fleet health, and optimise operating costs by monitoring and analysing fuel consumption.
CNH Industrial’s Precision Solutions & Telematics business unit aims to provide performance enhancing technologies for the company’s different product segments which include agriculture, construction and commercial vehicles. The company’s extensive experience and track record in product innovation has given it an excellent understanding of the construction business, thus providing its brands with efficient and profit-generating technology.
In 2013, CNH Industrial invested over $1.2 billion, or 3.8% of global revenues from industrial operations, on Research & Development. Over $730 million of this was dedicated to Agricultural and Construction Equipment.
London, March 3, 2015
Laura OverallCorporate Communications ManagerUnited Kingdomlaura.email@example.com+44 (0)207 7660 338+44 (0)7725 632 959
Alessia DomanicoCorporate CommunicationsUnited Kingdomalessia.firstname.lastname@example.org+44 (0)207 766 0326+44 (0)77 2563 2956
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CNH Industrial reports 2019 Consolidated revenues of $28.1 billion, Net income of $1,454 million and Adjusted net income of $1,178 million (or $0.84 per share). Net debt of Industrial Activities at $854 million