DGAP-News: Globalstar Europe Satellite Services Ltd. Signs Distribution Agreement With Applied Satellite Technology Ltd (AST)
(firmenpresse) - Globalstar, Inc.
01.10.2012 10:00
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Leading MSS Distributor AST Re-Introduces Globalstar Product Line as Deployment
of the New Satellite Constellation Nears Completion
DUBLIN, Ireland, 2012-10-01 10:00 CEST (GLOBE NEWSWIRE) --
Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of
Globalstar, Inc. (Nasdaq:GSAT), today announced that it has signed an
authorized distribution agreement with Applied Satellite Technology Ltd (AST),
one of the world's leading providers of satellite communication products and
services. With this new agreement, AST will return as a National Distributor
for Globalstar's suite of duplex products to the defence, government and
maritime sectors within the UK Mainland Territory via their established Dealer
channel.
'We are very excited to be working with Globalstar Europe again as they deploy
the second-generation constellation. The replenishment of Globalstar's network
is nearing completion and now is an ideal time for AST to strengthen our
existing partnership as a leading Globalstar distributor. The reintroduction of
Globalstar with its legendary voice call quality and enhanced duplex service
will enrich our portfolio of MSS products and enable us to offer more choice to
our resellers', said Jason Abbott, Director, AST.
'As we complete the deployment of our second-generation constellation of
satellites, we are delighted that AST has chosen to offer their customers
Globalstar's unique line-up of high quality MSS voice and duplex data
solutions', said Mark O'Connell, Director European Sales&Business Operations,
Globalstar Europe Satellite Services Ltd.
Globalstar is currently planning to launch six additional satellites in the
first quarter of 2013. On December 28th 2011, the Company 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 M2M 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.
Call connection rates in key markets continued to increase during the third
quarter of 2012 as new second-generation satellites were placed into service.
The Company anticipates placing additional second-generation satellites into
service during the fourth quarter of 2012. Globalstar's performance will
further improve once the fourth launch is completed and the six additional
satellites are deployed. With these additional satellites, Globalstar expects
the improvement in call completion rates to continue as the network reaches
full coverage. The Company expects the increasing service levels to drive both
usage and new subscriber additions for its Duplex business.
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. All SPOT products
described in this press release are the products of Spot LLC, which is not
affiliated in any manner with Spot Image of Toulouse, France or Spot Image
Corporation of Chantilly, Virginia.
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, 'With these additional
satellites, Globalstar expects the improvement in call completion rates to
continue as the network reaches full coverage.,' that 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 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 launches
and 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 (TM) products, problems relating to the ground-based facilities
operated by the Company or its 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 Globalstar undertakes no obligation to
update any such statements. Additional information on factors that could
influence the Company's financial results is included in its filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
CONTACT: For further media information:
Globalstar Europe Satellite Services Ltd.
Gavan Murphy
gavan.murphy(at)globalstar.com
Applied Satellite Technology Ltd (AST)
Tracey Harris
Tracey.Harris(at)AST-UK.com
Globalstar, Inc.
Dean Hirasawa
(985) 335-1505
Dean.hirasawa(at)globalstar.com
News Source: NASDAQ OMX
01.10.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
Theissuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Globalstar, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US3789734080
WKN:
End of Announcement DGAP News-Service
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Datum: 01.10.2012 - 10:00 Uhr
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