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TheStreet Open House

Globalstar Confirms February 5th Launch Date

Stocks in this article: GSAT

COVINGTON, La., Jan. 25, 2013 (GLOBE NEWSWIRE) -- Globalstar, Inc. (OTCBB:GSAT) today announced that its fourth launch of six second generation satellites has been confirmed for February 5, 2013 at the following time:

10:20 p.m. Baikonur time
08:20 p.m. Moscow time
05:20 p.m. Paris time
11:20 a.m. Eastern Standard Time
10:20 a.m. Central Standard Time
08:20 a.m. Pacific Standard Time

This will be the fourth and final launch from the Cosmodrome in Baikonur, Kazakhstan, completing Globalstar's plan to orbit 24 second-generation satellites. Globalstar has previously launched 18 second-generation satellites in launches that occurred on October 19, 2010, July 13, 2011 and December 28, 2011. Globalstar has placed into commercial service all of the previously launched second-generation satellites.

The February 5 th launch is the last launch necessary to fully restore Globalstar's Duplex service to the high level of quality that Globalstar's customers have historically enjoyed. Globalstar's second-generation satellites were designed and manufactured by Thales Alenia Space with a service life of fifteen years, twice that of Globalstar's first-generation satellites.  

Globalstar's launch services provider, Arianespace, will utilize the highly reliable Soyuz Fregat launch vehicle. Globalstar, in association with Arianespace, has previously completed eleven launches utilizing the Soyuz, which is credited with more than 1795 successful launches to date.

All six second-generation satellites for the fourth launch have been fueled and mated to the Dispenser, and the Upper Composite has been transferred to the assembly facility near the launch pad where it will be mated to the Soyuz.

Members of Globalstar's executive management team, including Anthony Navarra, President of the Space Program, and L. Barbee Ponder, General Counsel and Vice President Regulatory Affairs, will attend the launch.

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