MILPITAS, Calif., March 16, 2010 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, government, and consumers, today announced that the Company will showcase its latest satellite technology and innovations at SATELLITE 2010 and MSUA-7 Conference which is taking place March 16-18, 2010 at the Gaylord National Convention Center in National Harbor, Maryland.
At the conference, Globalstar executives will discuss the launch of the Globalstar second-generation satellite constellation. The first launch of six satellites is expected in late summer with the 90-day launch window scheduled to open on July 5, 2010. The new state-of-the-art satellite constellation is expected to create a multi-year market advantage over competing satellite service providers by providing Globalstar customers with enhanced next-generation Internet-protocol multi-media (IMS) and legacy mobile satellite services through at least the year 2025.
As a trade-show exhibitor Globalstar will highlight its expanded award-winning SPOT Satellite GPS Messenger product family, including the new DeLorme Earthmate® PN-60w with SPOT Satellite Communicator at Globalstar booth #1731.
Following its acquisition of GPS M2M asset-tracking developer Axonn, the Company is also inviting discussions with M2M product developers interested in integrating Globalstar's open-source global-tracking and satellite messaging standard into their new products. For M2M product developers interested in discussing the integration of Globalstar technology into their products, please contact Paul Monte at 408.933.4521 or via email at paul.monte@globalstar.com.
For additional information on SATELLITE 2010 and MSUA-7, please visit http://www.satellitetoday.com/satellite2010/.
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 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 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 the Globalstar website at www.globalstar.com.
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "The new satellites are expected to provide Globalstar customers with enhanced next-generation Internet-protocol multi-media or IMS and legacy mobile satellite services beyond 2025," 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.