Company to Leverage Existing Global Network for Safety Services, Delivery of Over-the-Air Updates and Enhanced Navigation and Mapping to Capture Part of the Multi-Billion Global Connectivity Business
Covington, LA, 3/12/2018 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.
Greg Ewert has joined the Company and brings 30 years of senior executive leadership experience across a wide range of technologies in the telecommunications field. Reporting to Dave Kagan, President and COO at Globalstar, Ewert will lead the Company's automotive initiatives. Additionally, Ewert serves on the Connected Vehicle Trade Association (CVTA) board.
"There is one non-negotiable, critical requirement for all connected or autonomous vehicles - connectivity," said Ewert. "We are taking Globalstar's networks and providing connectivity solutions for the automotive community that not only complement existing terrestrial options but when combined offers a more reliable, cost-efficient communications pipe to vehicles independent of where they might be in the world."
To date, embedded connectivity within connected cars has primarily been used for in-vehicle infotainment, Wi-Fi and safety services. Some progressive automakers have begun delivering OTA software updates using cellular and Wi-Fi and are now looking to satellite to help address the growing demand to cost efficiently deliver updates. As the connected car market matures and autonomous vehicles proliferate, the requirement for connectivity that is always available, invulnerable to the elements and capable of establishing a two-way channel with the vehicle for delivery of software and firmware critical to the vehicle's operations is of paramount importance.
"The connected car will fundamentally transform the automobile and transportation industries. Thermo has taken advantage of similar paradigm shifts in industries in the past and plans for investments in Globalstar, FiberLight, Pivotal Commware and TrafficCast to all play their respective roles in the car of the future," said Jay Monroe, CEO of Globalstar and founder of the Thermo Companies.
"There is a tremendous opportunity for us to leverage our existing network assets and partner ecosystem to fill connectivity gaps and allow automotive manufacturers, suppliers and partners to extract maximum value from their investments in connected and autonomous vehicles," Ewert continued. Ewert will be a featured speaker at Connected Car Detroit, hosted by Automotive Megatrends, on March 13 and Satellite 2018 in Washington D.C. on March 15, addressing the connected car opportunity and need for interoperable enhanced networks.
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.
Samantha de Castro
GK Communications for Globalstar