GLOBALSTAR, INC. 
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GLOBALSTAR EUROPE SATELLITE SERVICES LTD. SIGNS
DISTRIBUTION AGREEMENT WITH TS2 SATELLITE
TECHNOLOGIES Dublin, Ireland , January 03 2012- Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NASDAQ: GSAT) and a leading provider of mobile satellite voice and data services to businesses, governments and consumers, today announced that it has signed an authorized distribution agreement with TS2 Satellite Technologies, a leading provider of satellite communication products and services. TS2 will act as a National Distributor for Globalstar's suite of mobile satellite voice and duplex data products to the defence, government and private sectors within the Polish Mainland Territory via their established Dealer channel. 'As we complete the deployment of our second-generation constellation of satellites, we are delighted that TS2 has chosen to offer their customers Globalstar's unique line-up of MSS voice and duplex data solutions", said Jim Mandala, General Manager, Globalstar Canada and Europe Sales. On December 28th 2011, Globalstar announced that six new second-generation Globalstar satellites were successfully launched from the Baikonur Cosmodrome in Kazakhstan, using the Soyuz launch vehicle. This was the third successful launch of Globalstar's new second-generation satellites. The Globalstar second-generation satellite constellation is designed to support the Company's current line-up of voice, Duplex and Simplex data products and services including its suite of SPOT retail consumer products. The new satellites are designed to last for 15 years, twice the lifespan of Globalstar's first-generation satellites. 'By becoming an official distributor of Globalstar, we can finally offer a complete range of global MSS services to our customers. Here at TS2, we are excited about the opportunities this new partnership opens up for us. Our customers will be able to take advantage of the low-cost and high quality voice and data services that Globalstar will offer once they have completed deployment of their second-generation satellite constellation next year," said Marcin Fr?ckiewicz, TS2's owner and CEO. About Globalstar Inc. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT Satellite GPS Messenger and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. For more information regarding Globalstar, please visit Globalstar's web site at About TS2. TS2 is one of the leading distributors of satellite communications, with a strong emphasis on VSAT and MSS services. With headquarters in Warsaw, Poland, TS2 has developed a very strong position on the international market, especially in the Polish, Middle Eastern and North African regions. TS2's VSAT internet services were one of the first available to coalition forces and international corporations during their operations in Afghanistan and Iraq. MSS services provided by TS2 are used daily by customers from various market segments, including the military and government as well as individual travellers and sport enthusiasts. For further information regarding TS2's current services, please visit the company web site at For further media information: Globalstar Europe Satellite Services Ltd. Gavan Murphy gavan.murphy@globalstar.com TS2 Satellite Technologies. Piotr Kubiak ts@ts2.pl Safe Harbor Language for Globalstar Releases: This press release contains certain statements such as, " The company is currently planning to conduct two additional launches of six satellites each, with the next launch planned for later this month.. ," that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding the Company's ability to develop and expand its business, its anticipated capital spending (including for future satellite procurements and launches), its ability to manage costs, its ability to exploit and respond to technological innovation, the effects of laws and regulations (including tax laws and regulations) and legal and regulatory changes, the opportunities for strategic business combinations and the effects of consolidation in its industry on the Company and its competitors, its anticipated future revenues, its anticipated financial resources, its expectations about the future operational performance of its satellites (including their projected operational lives), the expected strength of and growth prospects for the Company's existing customers and the markets that it serve, commercial acceptance of its new Simplex products, including its SPOT satellite GPS messenger Share
© Publicnow - 2012
Globalstar, Inc. is an international telecom infrastructure provider. The Company provides mobile satellite services, including voice and data communications services, as well as wholesale capacity services through its global satellite network. It offers these services over its network of in-orbit satellites and ground stations (gateways) pursuant to its spectrum licenses (collectively, Globalstar System). Its communications services include two-way voice communication and data transmissions via its GSP-1600 and GSP-1700 phone; one-way or two-way communication and data transmissions using mobile devices, including its SPOT family of products; one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station; satellite network access and related services utilizing its satellite spectrum and network of satellites and gateways, and engineering and other communication services using the Globalstar System.
Calendar
01/08/2024
- Q2 2024 Earnings Release (Projected)
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