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
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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.firstname.lastname@example.org