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Globalstar, Inc. reports developments in satellite and terrestrial connectivity, including mobile satellite services, low Earth orbit satellite infrastructure, licensed Band 53/n53 spectrum and private wireless technology. Its recurring news themes include XCOM RAN private 5G deployments, IoT and direct-to-device connectivity, ground-station expansion, spectrum-enabled partnerships, government and defense collaborations, and operating results.
The company serves business, enterprise, consumer and governmental markets with voice, data, asset-tracking, safety and personal communications services. Updates also cover satellite network upgrades, product modules, ecosystem partners and material corporate actions tied to its communications infrastructure and capital structure.
Globalstar, Inc. (NYSE American: GSAT) has announced senior leadership changes to enhance growth in the Commercial IoT sector. Jim Mandala has been appointed Vice President of Commercial IoT Sales, bringing 15 years of experience with the company and a solid background in various markets. His focus will be on expanding sales and partnerships in the IoT business, expected to boost revenue growth. Additionally, Chris Gray will join Mandala's team to support IoT development and maintain the reseller base. David Kagan, CEO, expressed confidence in Mandala's leadership to drive success.
SPOT LLC, a subsidiary of Globalstar (NYSE American: GSAT), has partnered with Battlbox to provide its subscribers with the SPOT Gen4 satellite GPS Messenger, including up to 6 months of service. The SPOT Gen4, designed for safety and connectivity, has features like an IP68 rating and enhanced mapping capabilities. With nearly 7,500 rescues attributed to SPOT technology, the product aims to support outdoor enthusiasts. Retail pricing for the device starts at $149.99, with service plans from $11.95 per month.
Globalstar, Inc. (NYSE American: GSAT) announced a commercial agreement with Ceres Tag to provide satellite services for livestock using a smart ear tag for enhanced traceability and monitoring. This tag is lightweight, requires no infrastructure, and has a lifespan matching that of the animal. Ceres Tag's platform aims to improve livestock production and health monitoring. The partnership positions Globalstar as a major player in LEO satellite IoT solutions, targeting the expansive livestock market. Initial product launch is set for May 1, 2021, focusing on Australia/New Zealand and North America.
Globalstar (NYSE American: GSAT) has partnered with Nokia and Tideworks Technology to implement Band 53 spectrum at the Port of Seattle, Terminal 5. This marks their second collaboration at a U.S. port. Executive Chairman Jay Monroe highlighted that Band 53 offers enhanced security and performance, requiring fewer access points than traditional Wi-Fi. Globalstar’s Band 53 ecosystem aims to provide partners and customers with secure and reliable wireless solutions globally.