COVINGTON, La., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Globalstar, Inc. (OTCBB:GSAT) today announced that six new second-generation Globalstar satellites were successfully launched from the Baikonur Cosmodrome in Kazakhstan.
The Globalstar satellites lifted off aboard the Soyuz launch vehicle with the Fregat upper stage at 10:04 p.m. local Baikonur time (16:04 p.m. UTC and 11:04 a.m. EST) on Wednesday, February 6, 2013.
Launch services provider Arianespace confirmed that the upper stage accurately injected the six second-generation satellites into their targeted low earth orbit of approximately 920 km. Globalstar reports that all six satellites have been successfully acquired following separation from the Dispenser and Fregat Upper Stage. Globalstar has begun initial satellite in-orbit testing and all six spacecraft are operating normally at this time.
"I am pleased to announce the successful final launch of our second-generation constellation," said Tony Navarra, President of Global Operations for Globalstar, Inc. "In 2006, we set out to be the first mobile satellite services company to successfully deploy a second-generation constellation of LEO satellites. This extraordinary undertaking took years of dedicated effort and a singularly focused mindset to complete the mission."
Jay Monroe, CEO of Globalstar, Inc., added, "We fully expect Duplex service to be restored to the high level of quality that Globalstar customers historically enjoyed. We thank all of our employees and partners who were able to make this successful launch possible, including launch services provider Arianespace and satellite contractor Thales Alenia Space."
Globalstar expects to place these final six second-generation satellites into commercial service by this summer, with the first two being raised and placed into service by the end of February. These new satellites are designed to last for 15 years, twice the lifespan of Globalstar's first-generation satellites.
The Globalstar second-generation satellite constellation is designed to support the Company's current lineup of voice, duplex and simplex data products and services, including its SPOT-branded consumer products which have initiated over 2,000 rescues worldwide. Globalstar has always been known for its crystal clear, "land-line quality" voice service and for a limited time, is offering unlimited service plans for as little as $40 per month. Please visit www.globalstar.com to learn more.
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 family of mobile satellite consumer products including the SPOT Satellite GPS Messenger™ and flexible airtime 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 consumers. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. All SPOT products described in Globalstar or SPOT LLC press releases 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 certain statements such as, "24 New Satellites to Restore Industry Leading Mobile Satellite Voice and Data Services" and "We fully expect Duplex service to be restored to the high level of quality that Globalstar customers historically enjoyed," and "Globalstar expects to place these final six second-generation satellites into commercial service by this summer, with the first two being raised and placed into service by the end of February. These new satellites are designed to last for 15 years, twice the lifespan of Globalstar's first-generation satellites", that are "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 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.
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