Achievement of Another Operational Milestone Maintains Launch Schedule for New Globalstar Second-Generation Satellite Constellation
Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, governments, and retail consumers today announced it has installed new hardware and software upgrades at its satellite operations and control center located in Milpitas, CA and its backup control center located in El Dorado Hills, CA. The upgrades, provided by Thales Alenia Space, are required to support the 15-year plus lifespan of the new Globalstar second-generation satellite constellation scheduled for launch beginning in September or early October of this year. The new constellation, also designed and manufactured by Thales Alenia Space, is expected to provide Globalstar customers with mobile satellite voice and data services through beyond 2025.
“With less than four months to go before we begin launching our second-generation satellites I am pleased to announce the completion of another major operational milestone, the installation of our satellite control center upgrades,” said Tony Navarra, President, Global Operations for Globalstar, Inc. “As the prime contractor of our new satellite constellation, Thales was uniquely qualified to design, develop and install the necessary hardware and software control center system enhancements. I would like to thank the Thales and Globalstar personnel who together worked tirelessly on the installation of the new upgrades. We are now testing and training our control teams who will manage our first and second-generation satellites using the newly installed in-orbit test equipment until we complete deployment of our new constellation next year.”
The Globalstar Satellite Operations and Control Center (SOCC) upgrades were developed using Thales’ COTS product called SCC/Open, with customizations specific to the Globalstar mission. Thales is also upgrading the Globalstar’s Telemetry and Command Units (TCU) and In Orbit Test (IOT) hardware and software located at the various Globalstar gateway ground stations around the world. Combined with the SOCC improvements, these upgrades provide Globalstar with the capability to administer increased second-generation satellite constellation mission operations command, support and control with minimal expert staffing and maximum task automation.
About Globalstar, Inc.
With over 375,000 activated satellite voice and data units, Globalstar offers high value, high quality satellite services to commercial customers and recreational consumers in more than 120 countries around the world. The Company’s voice and data products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT Satellite GPS Messenger(TM) and flexible 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 tracking, data monitoring and SCADA applications.
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as “The new constellation, also designed and manufactured by Thales Alenia Space, is expected to provide Globalstar customers with mobile satellite voice and data services through beyond 2025” 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 Globalstar’s control, including demand for the Company’s products and services; problems relating to the construction, launch or in-orbit performance of its existing and future satellites, problems relating to the ground-based facilities operated by it or by independent gateway operators; its ability to attract sufficient additional funding if needed to meet its future capital requirements; competition and its competitiveness vis-a-vis other providers of satellite and ground-based communications products and services; the pace and effects of industry consolidation; the continued availability of launch insurance on commercially reasonable terms, and the effects of any insurance exclusions; changes in technology; its 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 the Company undertakes no obligation to update any such statements. Additional information on factors that could influence Globalstar’s financial results is included in its filings with the Securities and Exchange Commission, including its Registration Statement on Form S-1.
