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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