GlobeNewswire
2012-07-16
Satellite Telephone Service Recovery Nearly Complete Even as
Company Prepares Final Launch of Its New Constellation
COVINGTON, La., July 16, 2012 (GLOBE NEWSWIRE) -- Globalstar, Inc.
today announced that its satellite operations control center has
initiated the steps needed to place four previously launched satellites
into service by the middle of next month. With these satellites
becoming operational, the Company expects to once again begin providing
quality affordable mobile satellite voice and data services to
customers around the globe later this summer.
"It has been a long road to recovery but these four satellites becoming
operational is expected to pave the way for us to begin offering
quality mobile satellite voice and data services in August," said Tony
Navarra, President of Global Operations for Globalstar, Inc. "Over the
past 20 months we have completed the launch of 18 of our 24 new
satellites. Today we can already offer customers the clearest satellite
voice calls and the fastest handset data speeds in the industry and our
dealers have started to report strong increases in interest in our
duplex services thanks to the improved performance. Placing these
satellites into service is anticipated to further improve the call
connection rate in our major markets to a level of performance many of
our voice and duplex data customers demand."
"We also expect to add additional satellites into service in the fall
to further increase the performance of our network. Once we complete
our fourth satellite launch and then introduce our next generation
ground segment upgrades, we look forward to providing even better
performance and improved future benefits to our customers. On behalf of
Globalstar I would like to thank all of our employees worldwide for
their continued hard work and dedication as well as our global dealers
and customers for their lengthy perseverance as we continue our return
to service."
Globalstar is currently working with satellite manufacture Thales
Alenia Space and launch services provider Arianespace in order to
conduct its fourth and final launch of six new second-generation
satellites prior to the end of the year.
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. 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
The Globalstar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8183
Safe Harbor Language for Globalstar Releases
This press release contains statements such as, "We also expect to add
additional satellites into service in the fall to further increase the
performance of our network," which may be considered to be
"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 our ability to develop and
expand our business, our anticipated capital spending (including for
future satellite procurements and launches), our ability to manage
costs, our 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 our
industry on us and our competitors, our anticipated future revenues,
our anticipated financial resources, our expectations about the future
operational performance of our satellites (including their projected
operational lives), the expected strength of and growth prospects for
our existing customers and the markets that we serve, commercial
acceptance of our new Simplex products, including our SPOT satellite
GPS messenger (TM) products, problems relating to the ground-based
facilities operated by us or by independent gateway operators,
worldwide economic, geopolitical and business conditions and risks
associated with doing business on a global basis and other statements
contained in this release regarding matters that are not historical
facts, involve predictions.
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 Contact
Dean Hirasawa
(985) 335-1505
Dean.hirasawa@globalstar.com