Press Releases

 

GLOBALSTAR APPOINTS SYMMETRY ELECTRONICS AS A NEW DISTRIBUTOR

March 6, 2018

Globalstar, Inc. (NYSE American: GSAT) announced today that the company has signed a distribution agreement with California-based Symmetry Electronics allowing the company to offer a range of Globalstar's satellite and multi-radio modems which support global connectivity. "Globalstar and their innovative products complement our current offerings, and will enhance Symmetry's ability to offer premier technologies to our video and wireless customers," said David Beck, Vice President of Marketing at Symmetry Electronics. 
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GLOBALSTAR ANNOUNCES 2017 FOURTH QUARTER AND ANNUAL RESULTS

February 22, 2018

Globalstar, Inc. (NYSE American: GSAT) today announced financial and operating results for the fourth quarter and year ended December 31, 2017. Jay Monroe, Chairman and Chief Executive Officer of Globalstar, commented, "During 2017, our core MSS business achieved significant financial growth as we successfully executed on our initiatives. We provided critical connectivity during the aftermath of several natural disasters, continued to roll out adjusted rate plans, and announced several partnerships that expanded the business in innovative ways domestically and abroad. Also, our SPOT business reached a significant milestone early in 2017 with the 5,000th rescue since its launch, proving how essential our technology is to saving lives." 
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GLOBALSTAR, INC. EARNINGS CALL RELEASE NOTICE

February 16, 2018

Globalstar, Inc. (NYSE American: GSAT) will announce its fourth quarter and annual 2017 financial results on Thursday, February 22, 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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Globalstar to showcase its new M2M/IoT device at CES

January 4, 2018

Globalstar, Inc. (NYSE American: GSAT) will showcase its newest M2M/IoT device, the SmartOne Solar™, at the upcoming CES Show, January 9-12 in Las Vegas. The Company's newest product is solar-powered and offers Bluetooth Low Energy connectivity while addressing the growing global demand for reliable and affordable remote monitoring and automated data collection of assets located both within and beyond terrestrial networks. This product expands the market for remote connectivity to include assets that are otherwise difficult or expensive to reach for power replacement and lowers the operating cost of monitoring assets currently being served by legacy SmartOne products. The product is currently pending IECEx and ATEX-Zone 0 Certification to qualify the device as intrinsically safe. 
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GLOBALSTAR ANNOUNCES SECONDARY OFFERING OF VOTING COMMON STOCK

December 7, 2017

Globalstar, Inc. (NYSE American: GSAT)), a leading provider of mobile satellite voice and data services to businesses, governments and consumers, today announced an offering of 38,000,000 shares of Globalstar's voting common stock on an underwritten basis by FL Investment Holdings, LLC, a stockholder affiliated with Thermo Capital Partners, LLC ("Thermo") and controlled by James Monroe III, the Chairman of the Board and Chief Executive Officer of Globalstar, to Morgan Stanley, as the underwriter in a registered offering of these shares (the "offering"). Thermo is selling these shares, representing approximately 4% of its holdings in Globalstar on a fully diluted basis, for tax planning purposes. 
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Globalstar Announces Appointment of David Kagan as President and Chief Operating Officer

November 28, 2017

Globalstar, Inc. (NYSE American: GSAT) today announced that David Kagan is returning to the Company as President and COO effective December 6, 2017. Mr. Kagan will be responsible for all functions in support of Globalstar's core satellite revenue growth and will report to Jay Monroe, Chairman and CEO. Business units reporting to Mr. Kagan include business development, worldwide sales and marketing, satellite and ground operations and engineering, product development, software development, information technology, administration and customer relations.
  
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BOTSWANA GRANTS GLOBALSTAR'S FIRST INTERNATIONAL TERRESTRIAL SPECTRUM APPROVAL

November 16, 2017

Globalstar, Inc. (NYSE American: GSAT) announced today that the Botswana Communications Regulator Authority (BOCRA) has granted terrestrial authority to Globalstar's Botswana subsidiary to provide terrestrial mobile broadband services over 16.5 MHz of S-band spectrum at 2483.5 to 2500 MHz. In 2014, in partnership with Broadband Botswana Internet (BBi), Globalstar announced the commencement of construction of its commercial gateway located in Gaborone, Botswana. This project brought commercial SPOT and Simplex service to southern Africa in 2015.  
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GLOBALSTAR INTRODUCES SAT-BROWSE - AN ADVANCED COMPRESSION TECHNOLOGY FOR FASTER SATELLITE WEB ACCESS

November 8, 2017

Globalstar, Inc. (NYSE American: GSAT) announced today the introduction of Sat-Browse™, a new Internet compression and search engine technology powered by Yippy, Inc. (OTCMKTS: YIPI). Sat-Browse enhances the Internet browsing experience for Globalstar's satellite subscribers through quick access to text-based information and decreased load times for data from the web or corporate data silos. Supporting multiple languages, Sat-Browse allows users to stay informed when beyond cellular with faster access to news, sports, weather and informational or educational sites. 
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GLOBALSTAR ANNOUNCES THIRD QUARTER 2017 RESULTS

November 2, 2017

 
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GLOBALSTAR, INC. EARNINGS CALL RELEASE NOTICE

October 27, 2017

 
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