Global satellite data communications company ORBCOMM (News - Alert) Inc. has inked Memorandum of Understanding (MOU) with Taiwan’s Council for Economic Planning and Development to focus on in its plans to enter the Taiwan market through partnership with local telecommunications and shipping companies.

With the potential IT growth in Taiwan, various companies are stepping in to the market to grow their businesses in South Asia.

According Marc Eisenberg, ORBCOMM’s Chief Executive Officer, their company sees the potential to grow their business by establishing close partnerships with local Taiwanese companies within the maritime and shipping industry as they expand their satellite-based Automatic Identification System (AIS) service and the recently acquired StarTrak’s products and services for the refrigerated transport market.

ORBCOMM is planning to hire an operational Taiwan-based representative in the next coming months as a result of this cooperative agreement.

“We are pleased to sign this MOU as a next step in the ongoing discussions we have shared with ORBCOMM over the past several months,” stated Dr. Christina Liu, Taiwan’s Minister of the Council for Economic Planning and Development.

Liu said that they are looking forward to cooperate with and assisting ORBCOMM in its efforts to invest in its business expansion in Taiwan and many other countries throughout Asia. “The response to ORBCOMM’s M2M products and services from our business community has been tremendous,” Liu added.

Christian Allred, Senior Vice President of International at ORBCOMM said that Taiwan is uniquely positioned to provide the low-cost development and manufacturing of such a device and has an identifiable need by potential Taiwan companies for this type of versatile product.

Many Taiwan companies have approached ORBCOMM to have discussions for joint development of multi-mode hardware solutions that could include integrating GSM, Zigbee, RFID, and other technologies into an ORBCOMM-enabled device due to the growing desire of customers looking to deploy a global solution.

ORBCOMM is headquartered in Fort Lee, New Jersey and has its network control center in Dulles, Virginia.