GlobeNewswire
2010-02-08
Globalstar Asia Pacific to Operate Gateway Ground Station and
Distribute Mobile Satellite Solutions to Maritime and Land-
Based Customers
MILPITAS, Calif., Feb. 8, 2010 (GLOBE NEWSWIRE) -- Globalstar, Inc.
(Nasdaq:GSAT), a leading provider of mobile satellite voice and data
services to businesses, government, and consumers, announced today that
it has signed a joint venture agreement with Arion Communication Co.,
Ltd., a leading provider of mobile satellite voice and data products
and services to maritime customers in Korea. The new joint venture
company known as Globalstar Asia Pacific will operate the Globalstar
gateway ground station in Korea and provide Simplex and duplex mobile
satellite voice and data services including SPOT Satellite GPS
Messenger(TM) products and services to customers in Korea and the
surrounding maritime region.
"All of us at Globalstar are excited about our new relationship with
Arion Communication Co., Ltd. and we anticipate this is just the
beginning of a long and profitable relationship that solidifies and
builds our presence in Eastern Asia," said Peter Dalton, Chief
Executive Officer, Globalstar, Inc. "This joint venture combines
Arion's expertise in delivering maritime messaging and vessel
monitoring solutions with Globalstar's ability to provide high quality
and affordable mobile satellite services to areas beyond the reach of
terrestrial wireless communications. Together we look forward to
further expanding the market for both our Simplex and duplex mobile
satellite services and SPOT Satellite GPS Messenger consumer products
throughout Korea and the surrounding area."
"We are very delighted to partner with Globalstar in establishing the
joint venture company, Globalstar Asia Pacific," explained Tony Park,
CEO of Arion Communication Co. Ltd., and Globalstar Asia Pacific. "We
are confident that with the launch of the second-generation satellites
beginning this summer, Globalstar will bring a huge paradigm shift in
the market, having previously attained the single largest mobile
satellite services market share position in the region. We also expect
the new SPOT Satellite GPS Messenger and next-generation high speed
duplex data communications services, which have not been provided in
Korea before, will play a key role in expanding Globalstar's market
share exponentially."
The two companies formed Globalstar Asia Pacific to acquire the
existing gateway in Seoul from LG Telecom, which has been Globalstar's
service provider in the region since 2001. The acquisition and license
transfer are subject to approval by the Korea Communications Commission
(KCC) which is expected in the next few weeks. According to the
agreement Arion Communication will also provide Globalstar mobile
satellite voice and data products and services in Korea. Globalstar,
Inc. plans to provide the necessary engineering and technical training
and personnel support required for Globalstar Asia Pacific to operate
the Korean Globalstar gateway.
About Globalstar, Inc.
With over 375,000 subscribers, Globalstar is the world's largest
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. 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 www.globalstar.com
About Arion Communication Co., Ltd.
Arion Communication Co., Ltd. is a dynamic company which is engaged in
developing communications and networking systems for broadcasting,
government, military and maritime customer satisfaction. With offices
in Seoul and Pusan, the company provides a wide range of IT and
communications products and services to vessels. Main services include
satellite communications, email, vessel monitoring, ship networking and
navigation equipment repair.
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "Globalstar,
Inc. plans to provide the necessary engineering and technical training
and personnel support required for Globalstar Asia Pacific to operate
the Korean Globalstar gateway," that are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. These statements are subject to a number of assumptions, risks
and uncertainties, many of which are beyond our control, including
demand for our products and services, including commercial acceptance
of our new Simplex products, including the SPOT Satellite GPS
Messenger; problems relating to the ground-based facilities operated by
us or by independent gateway operators; the pace and effects of
industry consolidation; changes in technology; our ability to continue
to attract and retain qualified personnel; worldwide economic,
geopolitical and business conditions and risks associated with doing
business on a global basis; and legal, regulatory, and tax
developments, including changes in domestic and international
government regulation.
Any forward-looking statements made in this press release speak as of
the date made and are not guarantees of future performance. Actual
results or developments may differ materially from the expectations
expressed or implied in the forward-looking statements, and we
undertake no obligation to update any such statements. Additional
information on factors that could influence our financial results is
included in our filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K.
CONTACT: Globalstar, Inc.
Media
Dean Hirasawa
(408) 933-4006
Dean.hirasawa@globalstar.com
Skyya Communications
Susan Donahue
(646) 454-9378
Susan.donahue@skyya.com