Covington, LA, 3/6/2018
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.
With the addition of Globalstar products, Symmetry expands its traditional offerings of cellular, wireless and Bluetooth, to include satellite-based solutions. The company will begin to incorporate a number of Globalstar's IoT products including STX-3, STINGR and SmartOne C among others.
"Our new partnership with Symmetry Electronics is a natural progression for both companies," said Jay Monroe, Chairman and Chief Executive Officer of Globalstar. "We look forward to working with Symmetry and its customers to provide our voice, data, and location services and technology using Globalstar's satellite technology."
About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services. Customers around the world in industries such as government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring, SCADA and IoT applications. The Company's products include mobile and fixed satellite telephones, the innovative Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems, tracking devices and flexible service packages.
About Symmetry Electronics
In July 2017, Symmetry Electronics was acquired by TTI, Inc., a Berkshire Hathaway company. Symmetry has been selling electronic components since 1998. Symmetry Electronics is an authorized global semiconductor distributor offering technical support, sales and distribution of wireless and video technologies. It serves customers with a worldwide sales and engineering team delivering technical services alongside an e-commerce experience. Symmetry Electronics is headquartered in Los Angeles with international offices in Mexico, Brazil, Canada and China. For more information about Symmetry Electronics, visit www.symmetryelectronics.com
Samantha de Castro