Globalstar Europe Satellite Services Ltd. Signs Distribution Agreement With Virtual Mobile Data (VMD) of Tunisia & Algeria Globalstar & VMD Offer Voice and Data Satellite Services to North African Region DUBLIN, Ireland, Oct. 18, 2012 (GLOBE NEWSWIRE) -- Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (Nasdaq:GSAT) and a leading provider of mobile satellite voice and data services to businesses, governments and consumers, today announced that it has signed an authorized distribution agreement with Virtual Mobile Data (VMD). VMD will act as a National Distributor for Globalstar's suite of duplex and SPOT products to the defence, government, maritime, oil and gas, transportation, tourism and mining sectors within the Tunisian and Algerian Mainland Territories via their established Dealer channel. "We are delighted to be working with VMD within the expansive, fast developing markets of North Africa. They are uniquely positioned to offer our suite of Duplex and SPOT products to the Government, B2B and B2C markets within that region," said Mark O'Connell, Director European Sales & Business Operations, Globalstar Europe Satellite Services Ltd. On September 25^th 2012, Globalstar announced that it had eliminated roaming charges between Independent Gateway Operator, Globalstar Avrasya of Turkey and Globalstar Europe.Globalstar Europe Satellite Services gateway in Aussaguel, France and Globalstar Avrasya's gateway located in Ankara, Turkey are now provisioned to facilitate flat rate telecommunications throughout all of the European sub-continent as well as Northern Africa, the Middle East, most of the Mediterranean and the eastern Atlantic Ocean maritime region. Globalstar is currently planning to launch six additional LEO (low-earth orbit) satellites in early February 2013, completing its second-generation satellite launches.The Globalstar second-generation satellite constellation is designed to support the Company's current line-up of voice, Duplex and Simplex M2M data products and services including its suite of SPOT retail consumer products.The new satellites are designed to last for 15 years, twice the lifespan of Globalstar's first-generation satellites. "By signing this agreement, we are expanding our collaboration and partnership with Globalstar, as well as strengthening our position as a leader in the Northern African satellite telecommunications market. Thanks to the best Duplex voice quality and fastest low band data speeds, we are now able to meet our customer's key requests.We are confident that through this collaboration, VMD will be the principal partner for individuals and businesses seeking satellite communication in Northern Africa," said Yosri Ben Ismail, Operations Manager with VMD. "With the new Globalstar Duplex Phone Technology, businesses can expect better risk control and higher levels of security and productivity while paying the most economical satellite voice and data rates available in the market," continued Mr. Ismail. About Globalstar, Inc. Globalstar is a leading provider of mobile satellite voice and data services.Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world.The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, flexible airtime service packages and the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger™.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 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. For more information regarding Globalstar, please visit www.globalstar.com The Globalstar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8183 About VMD. VMD is a Globalstar Satellite Telecommunications Solutions Provider specialising in the Government sector as well as the Defence, Maritime, Transportation, Tourism, Oil & Gas and the Mining industries. VMD is the first company in Northern Africa to offer a complete solution covering Voice, Internet, Data tracking and M2M Solutions via Satellite. VMD confirms and emphasizes its leadership in the region with an important network of partners and resellers and active customers throughout North Africa and the Middle East. For more information regarding VMD, please visit www.vmdsolutions.net Safe Harbor Language for Globalstar Releases: This press release contains certain statements such as, "The Company expects call connection rates in key markets to increase substantially in the near-term as four new second-generation satellites are scheduled to be placed into service over the next three months," that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding our ability to develop and expand our business, our anticipated capital spending (including for future satellite procurements and launches), our ability to manage costs, our ability to exploit and respond to technological innovation, the effects of laws and regulations (including tax laws and regulations) and legal and regulatory changes, the opportunities for strategic business combinations and the effects of consolidation in our industry on us and our competitors, our anticipated future revenues, our anticipated financial resources, our expectations about the future operational performance of our satellites (including their projected operational lives), the expected strength of and growth prospects for our existing customers and the markets that we serve, commercial acceptance of our new Simplex products, including our SPOT satellite GPS messenger ^TM products, problems relating to the ground-based facilities operated by us or by independent gateway operators, worldwide economic, geopolitical and business conditions and risks associated with doing business on a global basis and other statements contained in this release regarding matters that are not historical facts, involve predictions. 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: For further media information: Globalstar Europe Satellite Services Ltd. Gavan Murphy firstname.lastname@example.org VMD, sarl. Jamel Hajji email@example.com company logo
Globalstar Europe Satellite Services Ltd. Signs Distribution Agreement With Virtual Mobile Data (VMD) of Tunisia & Algeria
Press spacebar to pause and continue. Press esc to stop.