COVINGTON, La., March 18, 2013 (GLOBE NEWSWIRE) -- Globalstar Inc., a leading provider of mobile satellite voice and data services, announced the signing of a three-year manufacturing, airtime and distribution agreement with Nupoint Systems to expand the Company's M2M data communication service offerings beyond the reach of terrestrial (cellular) communication. Nupoint products and services integrated with Globalstar satellite data services will be used to provide two-way communications for M2M data collection and monitoring of customer assets. Companies that utilize remote locations, such as: oil and gas wells, mining sites, water management systems, environmental/weather sites, pollution detection systems, early warning systems and remote security will benefit from this cost-effective, long-term asset monitoring solution.
"Our team has successfully designed and launched thousands of satellite based devices over the years and after careful testing and evaluation we concluded the combination of great value, excellent throughput and the fact that the second generation constellation is now complete made Globalstar the partner of choice for Nupoint's satellite service," said Wayne Carlson, President & CEO of Nupoint Systems. "Companies can't always choose the location of their assets, but they can choose a reliable and cost effective satellite communications solution to connect to those assets. With Globalstar's recently launched satellites having a design life of 15 years, Nupoint is able to provide reliable two-way connectivity with our customer's data equipment, even in the most remote locations for years to come."
"Globalstar's satellite network will provide reliable solutions to meet the varying needs of Nupoint Systems' many customers. Decision making information will be available in real-time regardless of the asset location," said Frank Bell, President of Global Sales and Marketing for Globalstar. "Being chosen by a group of experienced satellite device manufacturers such as Nupoint, further demonstrates the confidence being shown throughout the industry as Globalstar reclaims its position as a world leader in MSS voice and data services. As the first provider to complete the launch of a 2nd generation constellation, our customers can enjoy the reliability and the continuation of affordably priced services to meet their evolving data communication needs."
Globalstar successfully launched its final batch of second-generation satellites on February 6, 2013. Once placed in service, Globalstar will be positioned as the first mobile satellite services provider to complete the deployment of a second-generation constellation of low-earth-orbit (LEO) satellites. Combined with the Company's affordable and award-winning suite of consumer retail SPOT products, Globalstar will be uniquely positioned to offer the world's most extensive lineup of highly reliable and lowest-priced mobile satellite services to the broadest range of customers around the globe.
For more sales information regarding Globalstar's data network and satellite M2M data solutions, contact Bob Bennett, Director of Data Services at Bob.Bennett@Globalstar.com or 985.335.1543. For more information regarding Nupoint Systems and their suite of satellite data products, contact Nicholas Newell, Chief Technical Officer at Nick.Newell@Nupointsystems.com or 778.373.9604.
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. Note that all SPOT products described in this or any Globalstar 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. SPOT Connect is a trademark of Spot LLC.
For more information regarding Globalstar, please visit Globalstar's web site at www.Globalstar.com.
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About Nupoint Systems Inc.
Nupoint Systems was formed with the belief that data communications can be both affordable and reliable. We take the time to understand your business, the unique challenges you face, when your assets are in far off locations, and your need for a cost-effective connection to them. Our engineers have decades of experience and take pride in ensuring you get the best solution for your needs and your budget. Nupoint's satellite and terrestrial products provide cost-effective and reliable machine-to-machine (M2M) communications to monitor, track and control assets around the globe. Designed for a wide variety of locations and environments where remote monitoring and control are required, its products combine advanced processing platforms with satellite modems in ruggedized enclosures for M2M communication needs. We specialize in turn-key solutions by controlling the manufacturer and data management of everything we sell.
For more information regarding Nupoint Systems, visit www.Nupointsystems.com.
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "Globalstar's satellite network will provide reliable solutions to meet the varying needs of Nupoint Systems many customers. Decision making information will be available in real-time regardless of the asset location," and "Once placed in service, Globalstar will be positioned as the first mobile satellite services provider to complete the deployment of a second-generation constellation of low-earth-orbit (LEO) satellites. Combined with the Company's affordable and award-winning suite of consumer retail SPOT products, Globalstar will be uniquely positioned to offer the world's most extensive lineup of highly reliable and lowest-priced mobile satellite services to the broadest range of customers around the globe" 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 our ability to raise additional capital to pay or restructure our obligations as they come due, develop and expand our business, pay for 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 messengerTM 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.
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