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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Globalstar Inc | AMEX:GSAT | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.30 | 1.3203 | 1.28 | 1.32 | 1,724,441 | 01:00:00 |
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A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=24937
"Globalstar is better positioned than ever to lead the growing market for commercial satellite services," said Jay Monroe, Chairman and CEO of Globalstar. "With the world's first revitalized satellite network, Globalstar provides unsurpassed call quality, the fastest data speeds and exceptional value for users requiring connectivity in ever more remote places. We invite customers to hear and experience the distinct difference that sets Globalstar apart from the competition, and are backing that invitation up with the offer of a free satellite phone."
"We're seeing significant increases in the number of business customers requiring satellite communications solutions to meet new and emerging connectivity challenges," said Jon Klein, President and CEO of Satellite Phone Solutions. "From government customers looking for affordable business continuity solutions, to commercial marine, energy and natural resource customers needing reliable satellite phones, organizations from a variety of industries are coming to us looking for robust, affordable and reliable satellite solutions for their off grid communication needs. We recommend Globalstar due to its superior voice quality and affordable hardware and airtime plans. And now, with Globalstar's expanded home calling area, we are selling to an even wider range of customers."
With an estimated two billion people living or working in areas that are either underserved or totally unserved by terrestrial and traditional cellular networks, the market for commercial satellite services is expanding. Since completing the deployment of its industry leading satellite network last year, Globalstar has expanded its product offerings. In the past years, Globalstar has widened its distribution channels adding hundreds of new dealers in North America, making it easier than ever for customers to find the right solutions to meet their needs. For companies operating in industries such as energy, marine, government and forestry, and for customers requiring emergency preparedness and business continuity solutions, Globalstar offers a comprehensive line of satellite voice, duplex and simplex data products, and flexible services that meet customer needs for productivity, ease-of-use, reliability and affordability.
Globalstar's expanded satellite product and service offerings include:
GSP-1700 Satellite Phone
Globalstar's lightweight, easy to use voice and data enabled satellite phone provides industry-leading, crystal clear voice quality for users requiring reliable connectivity outside the range of cellular service. At $499, the GSP-1700 is the most inexpensive satellite phone available.
Sat-Fi
Globalstar has introduced an MSS solution that instantly turns any smartphone, tablet or computer into a satellite phone or data device, enabling users to communicate seamlessly via satellite.
No-Contract, Shared and Personal Prepaid Services
Globalstar has introduced a no-contract, shared and personal prepaid service providing customers with expanded choices.
Large Home Zone
Globalstar has extended users' home zone so there are no roaming charges when travelling across regions including Canada, the U.S., Europe, Brazil and North Africa, as well as the Atlantic, Mediterranean and North Sea.
STX3 Global Simplex Transmitter
Globalstar has introduced the world's lowest power-consuming satellite network chipset for global M2M (machine-to-machine) solutions. Roughly the size of a quarter, the STX3 can operate for many months or years without requiring human intervention. Low-cost and easy-to-integrate, the STX3 chipset enables VARs and OEMs to develop smaller, more efficient M2M solutions for backup communication options beyond the reach of the GPRS/GSM network.
For more information on Globalstar, and a list of dealers and retailers carrying Globalstar products, visit www.globalstar.com.
About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land-based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Globalstar 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.
The photo is also available via AP PhotoExpress.
CONTACT: For media information please contact: United States: Brad Grantham Peter Mayer granthamb@peteramayer.com 225.215.4483
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