DUBLIN, Ireland, Oct. 1, 2012 (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
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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 firstname.lastname@example.org Applied Satellite Technology Ltd (AST) Tracey Harris Tracey.Harris@AST-UK.com Globalstar, Inc. Dean Hirasawa (985) 335-1505 Dean.email@example.com