Press Releases

Globalstar Announces Second Quarter 2019 Results

August 9, 2019

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended June 30, 2019. 
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Globalstar Purchases Carmanah’s SmartOne Solar™ Intellectual Property Assets

July 9, 2019

Carmanah Technologies Corporation (TSX:CMH) (the “Company” or “Carmanah”) announced today it has sold to Globalstar, Inc. (“Globalstar”) a perpetual license to use its SmartOne SolarTM intellectual property as well as other assets, including production equipment.  The SmartOne SolarTM is a solar-powered IoT asset tracking device (with ATEX and intrinsically safe certifications) that provides a low power and secure monitoring solution for a variety of security applications. 
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Globalstar-Echo Ridge Agreement Advances New Assured PNT Technology and Service

July 8, 2019

Globalstar, Inc. of Covington, LA (NYSE American: GSAT) and Echo Ridge, LLC of Sterling, VA have signed an agreement to collaborate, share data, and jointly pursue market opportunities for a new assured positioning, navigation, and timing (PNT) technology that can backup and/or complement GPS when GPS is unavailable or unreliable. The agreement includes joint assessment of commercial and government market requirements and use cases for an assured PNT service based on the technology, which is called Augmented Positioning System (APS). The envisioned service responds to increasing user concerns about GPS vulnerability and the critical importance of accurate PNT information to support essential services and infrastructure. The companies plan to offer limited trial service to selected customers beginning this year and, pending positive market assessment, expect to enter into an agreement enabling ongoing commercial assured PNT services.
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Globalstar to Complete $62.0 Million Shareholder Bridge Financing

June 28, 2019

Globalstar, Inc. (NYSE American: GSAT) announced today that its Board of Directors has approved a $62.0 million non-convertible bridge facility (“Bridge Facility”) to fund June 2019 principal and interest payments to lenders of its senior credit facility guaranteed by BPIFAE (“BPIFAE Facility”) and to maintain compliance under the BPIFAE Facility. The new Bridge Facility, which is subject to completion of definitive documentation, is expected to close today and to be funded by multiple existing shareholders.
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Globalstar Announces the Successful Completion of MSS and Terrestrial Authorizations Across Africa, Covering a Population in Excess of 100 Million

June 19, 2019

Globalstar, Inc. (NYSE American: GSAT) announced that it has received MSS and terrestrial authorizations in South Africa, Mozambique, Gabon, and Rwanda.  These countries join Botswana in representing over 1.1 million square miles of territory, a population greater than 100 million people, annual GDP of over a half a trillion USD and more than 1.7 billion MHz-POPs of licensed coverage across Africa.
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Globalstar and Nokia to Demonstrate Band 53 Private LTE Solution at the UTC Telecom & Technology Conference in Fort Worth, Texas June 19-20th

June 17, 2019

Today, Globalstar, Inc. (NYSE American: GSAT) announced that they will be showcasing with Nokia the benefits of a Band 53 TDD-LTE solution for private network applications geared specifically to the critical communications needs of utilities around the world at the upcoming UTC Telecom & Technology Conference in Fort Worth, Texas.
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Globalstar and Echo Ridge Offer to Demonstrate GPS Backup Technology to Department of Transportation

June 13, 2019

Globalstar, Inc. of Covington, LA (NYSE American: GSAT) and Echo Ridge, LLC of Sterling, VA have informed the U.S. Department of Transportation that the companies have developed and are prepared to participate in and support a live field demonstration of a stand-alone positioning, navigation, and timing (PNT) capability that can provide accurate and reliable PNT services to backup and/or complement GPS in case of GPS unavailability or unreliability. 
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SPOT/Globalstar Releases Summer Savings Geared at Saving Lives

June 13, 2019

As seen in recent coverage, reports have plagued news headlines with stories of missing hikers, some found, others recovered. In the last several weeks, and during the summer months especially, these backcountry occurrences are all too prevalent, but most are preventable when equipped with a SPOT personal tracking device. 
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Airwavz Solutions and Globalstar Enter into an Initial Agreement to Utilize Band 53 for Commercial Real Estate Services

June 4, 2019

Airwavz Solutions, Inc., a provider of in-building wireless infrastructure, and Globalstar Inc. (NYSE American: GSAT), today announced that they have agreed upon rights to offer Band 53 for in-building wireless services. Airwavz received rights to lease Globalstar’s Band 53 under the agreement. Globalstar will seek to further develop the spectrum and supporting ecosystem for in-building services and for mission critical applications. 
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New Globalstar Satellite IoT Solution Safeguarding Reindeer in Nordics and Beyond

May 30, 2019

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE MKT: GSAT) today announced that farmers have deployed a new Globalstar IoT technology solution to track and protect thousands of reindeer in the north of Finland and Sweden. Since trialling its ReindeerApp and collar less than a year ago, newly-signed Globalstar Value Added Reseller PrismaQuality Finland has seen rapid uptake among reindeer herd owners whose livestock roam fence-free in Scandinavia’s vast northern hinterland.

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