Press Releases  GLOBALSTAR GROWTH RATE SOARS One year following restructuring, the satellite service provider shows robust customer growth, expanded coverage, as well as new products and services Milpitas, CA., May 19 2005 - Globalstar, the world's most widely used handheld satellite phone provider and a leading supplier of high-value satellite voice and data services to business, completed its first full year following its financial restructuring based on the formal acquisition of its main business operations and assets by Thermo Capital Partners L.L.C. The company can now boast new products and services, expanded coverage, and reduced user costs resulting in significant customer wins, and a 45% growth year over year in its subscriber base of voice users from that of a year ago. More impressively Globalstar simplex data service users have grown at a rate of 900% in the same time period. Thermo Capital Partners, L.L.C. acquired the satellite system and other assets of Globalstar, L.P. in the spring of 2004 and immediately implemented a highly focused business expansion plan. Despite bankruptcy proceedings that cast doubt on the viability of the entire mobile satellite service industry, Globalstar aggressively expanded, making considerable capital and technology investments while maintaining high-quality, uninterrupted service to its customers around the world at a progressively lower cost. "Globalstar has delivered on and even exceeded every growth metric we set one year ago," said Jay Monroe, chairman and CEO of Globalstar LLC. "We trained our sights on high-usage vertical markets and have developed a high revenue generating roster as a result of this approach. We said we would offer new products and services that capitalized on the ubiquity and cost-effectiveness of Globalstar service and we did. All the while, our customers have continued to enjoy voice quality, reliability, data connectivity and availability that are unparalleled in the industry. We look forward to continuing this trajectory in the years to come." Throughout the restructuring process and subsequent investment by Thermo, Globalstar was able to increase the range of satellite products and services it provides customers by meeting a number of critical business objectives, including: Enhanced Coverage and Gateway Expansion: Globalstar strengthened its core business and improved its North American coverage area by opening and acquiring gateways. Globalstar continues to make progress toward offering service over cellular-like networks in populated areas with its planned Ancillary Terrestrial Component (ATC). In North America, Globalstar recently completed construction of a new gateway in Sebring, Fla. to improve coverage for commercial and recreational marine users and to accommodate growing demand in the Caribbean and southeast United States. The Sebring gateway is expected to begin commercial operations this Summer. Globalstar is also on schedule to construct a sixth North American gateway in Alaska in 2006.   Globalstar revitalized voice and data services in key Latin American and European markets by acquiring the independent gateway operations in Venezuela and expanding its sales and marketing force in Europe. Additionally, technology investments in Globalstar's France and Turkey gateways enabled the company to extend simplex data coverage to include the North Atlantic and the Middle East.   Globalstar filed an application with the U.S. Federal Communications Commission (FCC) for authority to offer Ancillary Terrestrial Service (ATC) in the U.S. in conjunction with its mobile satellite services. ATC would enable Globalstar to use authorized satellite radio frequencies to integrate a terrestrial wireless service similar to cellular or PCS into its satellite service offerings. Globalstar plans to use this capability to enhance coverage in urban areas, where buildings and other infrastructure can physically block satellite signals, and in rural areas, where the telephone infrastructure is inadequate or entirely lacking. New Products and Expanded Services: In conjunction with its partners and value-added resellers (VARs), Globalstar introduced several new products in 2004, including: Globalstar Quick Locate -- An affordable web-based asset tracking and monitoring service that utilizes the Globalstar simplex data network.   Liberty Price Plans -- Liberty Plans free seasonal users from monthly usage minimums and related costs and allow the flexibility of sharing minutes within accounts.   Ready Sat Go - A prepaid package that includes a Globalstar handset and a bundle of 300 minutes that is well suited for seasonal users.   StarFax - A service that enables users to send and receive fax documents wherever they use their Globalstar satellite phone. StarFax offers the highest fax transmission speed of any mobile satellite phone service at the lowest cost per-page.   New simplex data products -- Globalstar's simplex data VARs continued to lower costs and shrink form factors of the devices, with the latest simplex products measuring a mere 5.85 cm x 3.25 cm x 0.5 cm.   Enhanced Services - Other initiatives currently underway include launching prepaid services, increased short message services (SMS) capabilities and other customer oriented infrastructure improvements.   Spare Satellite Launch Progress In addition to expanding its terrestrial infrastructure, Globalstar has started to plan the launch of up to eight spare satellites currently in storage in California. Discussions are underway with potential launch service providers and final selection is expected this year. Reduced Costs: Globalstar continued to trim operational costs with the objective of passing along savings to its customers. Partly as a result of improved efficiencies, Globalstar can now offer monthly and annual bundled minute plans for its satellite phone services for as low as US$0.14 per minute. Independent Service Providers: With reinvigorated support from a robust Globalstar, Independent Service Providers continue to grow their satellite services and product offerings in local markets resulting in increased revenue to Globalstar. Industry Partnerships with Value Added Resellers: Globalstar also increased its roster of integrators and VARS to continue to meet the market demand for satellite based communications solutions. Additions included Datalink (oilfield monitoring); Safety-Star (remote worker safety applications); Forest Technologies (environmental monitoring); Teletouch (fleet management solutions via simplex data); and Blue Oceans (vessel monitoring utilizing simplex service). "Companies are increasingly recognizing the unique value of Globalstar's LEO satellite network," said Monroe. "In addition to providing satellite voice handsets to end users, Globalstar resellers, VARs and application developers are viewing Globalstar as a technology platform on which they can deliver solutions for remote monitoring, business continuity, safety and security, and control systems among other applications." "Despite the growth of other wireless technologies over the past several years, many businesses operate in regions that can only be reached reliably via satellite," added Monroe. "Over the last year, we've clearly demonstrated how Globalstar continues to evolve to provide the best and most cost-effective solutions to our customers. We look forward to setting the agenda for ongoing growth by introducing more innovative products and services this year and beyond." About Globalstar Globalstar offers high value, quality satellite voice and data services to commercial and recreational users from virtually anywhere in more than 120 countries. The company's voice and data products include mobile and fixed satellite units, simplex and duplex satellite data modems and flexible service packages. Many industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include; oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction as well as individual recreational users. Globalstar service is available for as little as US$ 0.14 per minute in the United States. For more information, visit Globalstar's web site at www.globalstar.com For media information, please contact: Dean Hirasawa Globalstar LLC (905) 712-6654 dean.hirasawa@globalstar.com Susan Radd Edelman for Globalstar (650) 429-2740 Susan.Radd@edelman.com Copyright© 2010 Globalstar. All rights reserved.