COVINGTON, La., Oct. 1, 2012 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), today announced that the deployment of its second-generation constellation has entered the home stretch with the planning of an early February launch with its launch services provider, Arianespace. A successful fourth launch from the Baikonur Cosmodrome in Kazakhstan and subsequent deployment of the satellites will complete the return of the high quality and reliable service that Globalstar users have historically enjoyed.
With three launches already complete, current subscribers and new users are experiencing significantly improved performance and reliability with the industry's highest voice quality, fastest mobile satellite handset data speeds and the most affordable service. Channel partners are also enjoying greater demand for product as well as increased inquiries regarding Globalstar's resurgence.
The next few weeks will be extremely busy for Globalstar's Space Operations Team as the fourth launch campaign begins. Satellite manufacturer Thales Alenia Space has confirmed that the review and shipment of these six spacecraft will be completed by the end of October, allowing pre-launch preparations to begin at the Cosmodrome for an early February launch. A launch during the first week of February allows Globalstar to place two of the new satellites into service almost immediately after launch.
Globalstar also announced that all but one of the previously launched satellites have now been placed into service as of September 29th. The one remaining satellite is already in its operational plane and is awaiting the upload of a software upgrade to remedy the previously reported momentum wheel issue. Globalstar expects to receive the software upgrade from Thales in mid-October, upload it into the satellite and then place it back into operation. This upgrade will be available for Globalstar's other second generation satellites, if necessary.
"Since Globalstar embarked on a mission to be the first MSS provider to launch a second-generation LEO constellation, nothing about this process has been quick or easy," said Jay Monroe, Chairman and CEO of Globalstar, Inc. "After 6 long years, we are proud to report that the finish line is within reach. Although the deployment of our new constellation with its improved design and capabilities has had its challenges, we can finally look forward to the long-term reliable service the new constellation will provide to our customers. We thank all of our partners for their tireless effort and our customers and distributors for their patience and support throughout the project."
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, "Globalstar expects to receive the software upgrade from Thales in mid-October, upload it into the satellite and then place it back into operation," 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, Inc. Dean Hirasawa (985) 335-1505 Dean.firstname.lastname@example.org