Bremen / New York, June 1, 2007. ORBCOMM Inc., the investment of OHB Technology AG (Prime Standard, ISIN: DE0005936124) listed on the NASDAQ Global Market (ticker symbol “ORBC”) has sold 8,050,000 shares of common stock at a price of USD 11.50 per share in a secondary offering of which 2,985,000 shares were sold by ORBCOMM and 5.065,000 shares were sold by existing stockholders.

ORBCOMM intends to use the net proceeds of approx. USD 30 mill for investments to increase the capacity and efficiency of its next-generation satellites and to strengthen the working capital.

In this transaction, OHB Technology AG has sold 599,736 shares (incl. 16.233 shares sold by ORBCOMM Deutschland AG). This represents approximately 20% of OHB Technology’s previous interest in ORBCOMM Inc. After the sale, OHB Technology’s holdings are reduced to approximately 6%.

With the stock sale, OHB Technology has generated net earnings per share of approx. 17 Euro Cent. Therefore OHB Technology is raising the profit forecast for 2007 from 55 Cent by said amount to 72 Cent per share for the current financial year.

ORBCOMM stock closed at 15.90 USD yesterday.