Globalstar Takes Delivery Of Six New Satellites In Preparation For May Launch
COVINGTON, La., March 17, 2011 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, government, and individuals today announced that it has taken delivery of six new second-generation satellites at the Baikonur Cosmodrome in Kazakhstan. Technicians from launch services provider Arianespace and satellite manufacturer Thales Alenia Space have begun the pre-launch testing and integration process in preparation for a scheduled liftoff in May. Globalstar expects to conduct two additional launches of six satellites per launch, also from Baikonur, with all three remaining launches utilizing the highly reliable Soyuz launch vehicle. In October Globalstar successfully launched six new second-generation satellites also using the Soyuz.
Earlier this year Globalstar officials authorized acceptance of the new satellites at the Thales Alenia Space satellite manufacturing facility in Rome. Globalstar signed a contract with Thales Alenia Space in late 2006 for the design, manufacture and delivery of its second-generation constellation satellites. In 2007 Globalstar contracted with Arianespace for a total of four launches of six satellites each using the Soyuz.
Globalstar plans to integrate the 24 new second-generation satellites with the eight first-generation satellites that were launched in 2007, to form a 32 satellite constellation. The new satellites are designed to support Globalstar's current lineup of voice, Duplex and Simplex data products and services including the Company's lineup of SPOT retail consumer products.About Globalstar, Inc. With over 425,000 subscribers, Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers with coverage 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™ family of consumer products, 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 users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
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