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Orbcomm Establishes Korean Distribution Agreement
Orbcomm Global L.P. [ORBI] signed a distribution agreement with Korean networking equipment manufacturer Communications Technology Inc. (CTI) for service provision in Korea. CTI also will explore the possibility of developing and manufacturing Orbcomm user terminals. The operating entity for the joint venture will be Orbcomm Korea. Orbcomm now has partnerships in 70 countries, it said. (Orbcomm, 703/406-6000.)
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