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."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV