GLOBALSTAR BUILDS TRACKING STATION IN SOUTHERN AFRICA AS IT PREPARES FOR LAUNCH OF NEW SATELLITES
Company achieves another satellite launch milestone as it begins construction of final telemetry and control site
MILPITAS, CA, February 10 2010 -
Globalstar, Inc. (NASDAQ:GSAT), a leading provider of mobile satellite voice and data services to businesses, government, and consumers, announced today that it has commenced construction of a satellite tracking station in Botswana, located in Southern Africa. The station will be used to complete the Globalstar satellite telemetry control unit (TCU) network that is to be used to monitor and control the Company’s second –generation satellite constellation scheduled for launch beginning this summer.
“Constructing the final piece of our satellite telemetry control network is another milestone event as we prepare for the launch of our new satellites,” said Tony Navarra, President, Global Operations, Globalstar, Inc. “We are very pleased as our launch plans are proceeding as expected. Last month we displayed the first Globalstar second-generation satellites currently undergoing final integration and testing at the Thales Alenia Space production facility in Italy. Now we are about to complete the construction of the satellite ground TCU network used to control those new satellites once they are launched.”
Earlier this year the Company announced the 90-day window for the launch of the first six Globalstar second-generation satellites is scheduled to open on July 5th of this year. Once the satellites are deployed, the TCU network will provide Globalstar with the ability to communicate with and monitor the condition of its new constellation from the Company’s two satellite operations and control center locations in California. The new satellites are expected to provide Globalstar customers with enhanced next-generation Internet-protocol multi-media or IMS and legacy mobile satellite services beyond 2025. Globalstar expects to complete construction of the Botswana tracking station and begin taking delivery of its new satellites later this spring.
About Globalstar, Inc.
With over 375,000 subscribers, Globalstar is the world’s largest provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime 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, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
For more information regarding Globalstar, please visit Globalstar's web site at www.globalstar.com
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Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, “The new satellites are expected to provide Globalstar customers with enhanced next-generation Internet-protocol multi-media or IMS and legacy mobile satellite services beyond 2025,” that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including demand for our products and services, including commercial acceptance of our new Simplex products, including the SPOT Satellite GPS Messenger; problems relating to the ground-based facilities operated by us or by independent gateway operators; the pace and effects of industry consolidation; changes in technology; our ability to continue to attract and retain qualified personnel; worldwide economic, geopolitical and business conditions and risks associated with doing business on a global basis; and legal, regulatory, and tax developments, including changes in domestic and international government regulation.
Any forward-looking statements made in this press release speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and we undertake no obligation to update any such statements. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
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