Press Releases

 

GLOBALSTAR ANNOUNCES APPOINTMENT OF DAVE KAGAN TO CEO

September 4, 2018

Globalstar today announced the promotions of Dave Kagan to the position of CEO and Jay Monroe to Executive Chairman of the Board of Directors. In keeping with the strategy the Company previously disclosed in connection with the intended merger, the promotions separate management of Globalstar’s satellite operations and spectrum-related activities, with responsibility for all satellite operations under the CEO. 
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GLOBALSTAR ANNOUNCES SECOND QUARTER 2018 RESULTS

August 2, 2018

Globalstar, Inc. (NYSE American: GSAT) today announced its financial results for the quarter ended June 30, 2018. Jay Monroe, Chairman and Chief Executive Officer of Globalstar, commented, “As disclosed yesterday, Globalstar, following the unanimous recommendation of its Special Committee of independent directors, and Thermo terminated the proposed merger agreement by mutual written agreement. While I believe that this merger would have positioned Globalstar more strongly for the future, this transaction is no longer the path forward. Instead, we will continue to run the satellite business on a standalone basis. While we remain focused on Globalstar's satellite business and spectrum, if the opportunity to strengthen the Company and enhance shareholder value through a strategic transaction arises, we will consider it." 
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GLOBALSTAR, INC. EARNINGS CALL RELEASE NOTICE

July 27, 2018

Globalstar, Inc.  (NYSE American: GSAT) will announce its second quarter 2018 financial results on Thursday, August 2, 2018 after the market closes. The Company will conduct a conference call that evening at 5:00 p.m. Eastern Time to discuss these financial results. 
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THE TIMES-PICAYUNE NAMES GLOBALSTAR A WINNER OF THE GREATER NEW ORLEANS REGION 2018 TOP WORKPLACES AWARD

May 24, 2018

Covington, LA (May 24, 2018) – Globalstar, Inc. (NYSE American: GSAT) has been awarded a 2018 Top Workplaces honor by The Times-Picayune. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage, LLC (formerly WorkplaceDynamics), a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution, and connection, just to name a few. 
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SPOT INTRODUCES THE NEW SPOT X 2-WAY SATELLITE MESSENGER

May 10, 2018

SPOT LLC, a wholly owned subsidiary of Globalstar, Inc., (NYSE American: GSAT) and the leader in satellite messaging and emergency notification technologies, today introduced SPOT X™, a 2-way satellite messaging device. SPOT X  offers 2-way message capabilities with an onboard backlit keyboard, GPS location tracking, social media linking and direct communication with emergency services in one portable, lightweight device.
 
  
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GLOBALSTAR ANNOUNCES FIRST QUARTER 2018 RESULTS

May 9, 2018

Globalstar, Inc. (NYSE American: GSAT) today announced its financial results for the quarter ended March 31, 2018. Jay Monroe, Chairman and Chief Executive Officer of Globalstar, commented, “In late April, after our quarter ended, we announced a transformative transaction to merge Globalstar with FiberLight and almost $400 million of other assets to create a diversified telecom company with assets spanning satellite, spectrum and fiber. We expect that the combined company will have a fortified balance sheet, generate significant cash flow and will be well positioned for the evolution of next-generation networks. We look forward to closing the transaction in the third quarter."
  
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GLOBALSTAR, INC. EARNINGS CALL RELEASE NOTICE

May 4, 2018

Globalstar, Inc. (NYSE American: GSAT) will announce its first quarter 2018 financial results on Thursday, May 10, 2018 before the market opens. The Company will conduct a conference call that morning at 8:30 a.m. Eastern Time to discuss these financial results. 
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GLOBALSTAR ANNOUNCES THE RELEASE OF SAT-FI2, THE WORLD’S MOST ADVANCED SATELLITE HOTSPOT

April 18, 2018

Globalstar, Inc. (NYSE American: GSAT) today introduced Sat-Fi2™, a lightweight, portable satellite hotspot providing reliable communications through any Wi-Fi enabled smart device. Sat-Fi2 provides seamless connectivity powered by Globalstar’s modernized satellite network and represents the first product utilizing Globalstar’s next generation ground infrastructure. 
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University of Oldenburg Deploys Globalstar Satellite Technology to Tackle North Sea Plastic Pollution

March 14, 2018

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc. (NYSE MKT: GSAT) and the leader in satellite messaging and emergency notification technologies, announced today that SPOT Trace™ and Globalstar satellite communications are helping researchers at the University of Oldenburg in Germany better understand and combat plastic pollution in the North Sea.

 
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Globalstar Launches Automotive Team to Bring Enhanced Global Connectivity to the Next Generation of Connected and Autonomous Vehicles

March 12, 2018

Globalstar, Inc. (NYSE American: GSAT), a leading provider of global mobile satellite communications services, today announced that the Company has launched Globalstar Automotive, a newly formed division to support future connected and autonomous vehicles and intelligent transport. With more than 600 million connected vehicles expected to be on the road by 2025 and with the market for automotive connectivity projected to increase to $103 billion by 2030, Globalstar seeks to leverage its two-way global and broadcast capable network to assist automakers to comply with the latest safety regulations, deliver over-the-air (OTA) software updates, increase location accuracy and improve reliability for autonomous vehicle operation. 
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