This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
COVINGTON, La., Dec. 10, 2012 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT) today announced that all six satellites scheduled for launch in early February are now at the Baikonur Cosmodrome in Kazakhstan. Following the successful completion of their pre-shipment review at Thales's manufacturing facility in Rome, the final two satellites arrived at the launch complex on December 9th.
Once deployed, the six satellites will restore full service to Globalstar's customers and position the Company as the first mobile satellite service provider to deploy 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.
"After more than six years of design and development, we are proud to announce that Globalstar is on the threshold of completing the deployment of our new constellation. This successful delivery signals the achievement of one of the last key milestones for our fourth launch and restoration of Globalstar's industry leading service quality," said Jay Monroe, Chairman and CEO for Globalstar, Inc.
Two of the six satellites previously delivered to the launch site have already been fueled and mated to the upper stack of the dispenser of the Soyuz launch vehicle. With the delivery of the final two satellites, the Company remains on schedule for a launch in early February.
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.