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.
For more information regarding Globalstar, please visit Globalstar's web site at www.globalstar.comThe Globalstar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8183 Safe Harbor Language for Globalstar Releases This press release contains certain statements such as, "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,"that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including demand for our products and services, including commercial acceptance of our new Simplex products, including the SPOT Satellite GPS Messenger; problems relating to the ground-based facilities operated by us or by independent gateway operators; the pace and effects of industry consolidation; changes in technology; our ability to continue to attract and retain qualified personnel; worldwide economic, geopolitical and business conditions and risks associated with doing business on a global basis; and legal, regulatory, and tax developments, including changes in domestic and international government regulation. 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.
CONTACT: Globalstar, Inc. Dean Hirasawa (985) 335-1505 Dean.firstname.lastname@example.org Skyya Communications Susan Donahue (646) 454-9378 Susan.email@example.com