Mission Accomplished! Globalstar Announces Successful Fourth Launch of Six
24 New Satellites to Restore Industry Leading Mobile Satellite Voice and Data
COVINGTON, La., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Globalstar, Inc. (OTCBB:GSAT)
today announced that six new second-generation Globalstar satellites were
successfully launched from the Baikonur Cosmodrome in Kazakhstan.
The Globalstar satellites lifted off aboard the Soyuz launch vehicle with the
Fregat upper stage at 10:04 p.m. local Baikonur time (16:04 p.m. UTC and 11:04
a.m. EST) on Wednesday, February 6, 2013.
Launch services provider Arianespace confirmed that the upper stage accurately
injected the six second-generation satellites into their targeted low earth
orbit of approximately 920 km. Globalstar reports that all six satellites have
been successfully acquired following separation from the Dispenser and Fregat
Upper Stage. Globalstar has begun initial satellite in-orbit testing and all
six spacecraft are operating normally at this time.
"I am pleased to announce the successful final launch of our second-generation
constellation," said Tony Navarra, President of Global Operations for
Globalstar, Inc. "In 2006, we set out to be the first mobile satellite
services company to successfully deploy a second-generation constellation of
LEO satellites. This extraordinary undertaking took years of dedicated effort
and a singularly focused mindset to complete the mission."
Jay Monroe, CEO of Globalstar, Inc., added, "We fully expect Duplex service to
be restored to the high level of quality that Globalstar customers
historically enjoyed. We thank all of our employees and partners who were able
to make this successful launch possible, including launch services provider
Arianespace and satellite contractor Thales Alenia Space."
Globalstar expects to place these final six second-generation satellites into
commercial service by this summer, with the first two being raised and placed
into service by the end of February. These new satellites are designed to
last for 15 years, twice the lifespan of Globalstar's first-generation
The Globalstar second-generation satellite constellation is designed to
support the Company's current lineup of voice, duplex and simplex data
products and services, including its SPOT-branded consumer products which have
initiated over 2,000 rescues worldwide.Globalstar has always been known for
its crystal clear, "land-line quality" voice service and for a limited time,
is offering unlimited service plans for as little as $40 per month.Please
visit www.globalstar.com to learn more.
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, the SPOT family of mobile satellite consumer products including
the SPOT Satellite GPS Messenger™ 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 consumers. Globalstar data solutions are ideal for various asset
and personal tracking, data monitoring and SCADA applications. All SPOT
products described in Globalstar or SPOT LLC press releases 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 Globalstar's web site
The Globalstar, Inc. logo is available at
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "24 New Satellites to
Restore Industry Leading Mobile Satellite Voice and Data Services" and "We
fully expect Duplex service to be restored to the high level of quality that
Globalstar customers historically enjoyed," and "Globalstar expects to place
these final six second-generation satellites into commercial service by this
summer, with the first two being raised and placed into service by the end of
February.These new satellites are designed to last for 15 years, twice the
lifespan of Globalstar's first-generation satellites", 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 the Company's ability to develop and expand its business, its
anticipated capital spending (including for future satellite procurements and
launches), its ability to manage costs, its 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 its
industry on the Company and its competitors, its anticipated future revenues,
its anticipated financial resources, its expectations about the future
operational performance of its satellites (including their projected
operational lives), the expected strength of and growth prospects for the
Company's existing customers and the markets that it serve, commercial
acceptance of its new Simplex products, including its SPOT satellite GPS
messenger ^TM products, problems relating to the ground-based facilities
operated by the Company or its 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 Globalstar undertakes no obligation to
update any such statements. Additional information on factors that could
influence the Company's financial results is included in its filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
CONTACT: Globalstar, Inc.
L. Barbee Ponder
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