MILPITAS, Calif., Sept. 9, 2009 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), the world's largest provider of mobile satellite voice and data services to businesses, governments and consumers, today announced it has signed an agreement with Quake Global, Inc., a leading manufacturer of satellite data modems for tracking, monitoring, and controlling industrial assets. According to the agreement Quake Global will design, manufacture and deliver a new line of Globalstar's integrated multimode data modems as well as a next-generation satellite data and voice module (SDVM).
"We are very pleased to be working with Quake Global in developing a new generation of satellite communicators that will bring enhanced performance and value to our customers," said Peter Dalton, CEO of Globalstar, Inc. Mr. Dalton added, "We want to capitalize on the unique experience and expertise that a world-class manufacturer and global distributor like Quake Global brings to the critical and rapidly expanding commercial M2M asset tracking and data communications market. This agreement also further demonstrates Globalstar's continuing commitment to improve the selection and quality of our innovative mobile satellite data and voice products."
"We are excited about the opportunities that our new association with Globalstar brings to Quake Global. The addition of the Globalstar Network to Quake's product line will greatly expand Quake's ability to offer its customers reliable, robust, and accurate processing and transmittal of asset-related information in global markets previously unserved by Quake. Also, for the first time, Quake will be able to offer satellite voice capability in addition to its well-established data transmittal services," said Polina Braunstein, President and CEO of Quake Global. "Quake Global is proud of its position as a leading designer and manufacturer of satellite communicators for many global OEMs. The addition of the Globalstar Network will provide a whole new category of efficient and cost effective choices. Globalstar's large data capacity, nominal latency, and voice capabilities are all features that certain customers require, and now we can meet their needs."
Quake expects to deliver its first model of Globalstar products by the end of 2009, and will introduce a complete line of Globalstar communicators in 2010.
About Globalstar, Inc.
With over 350,000 subscribers, Globalstar is the world's largest provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems 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 and personal tracking, data monitoring and SCADA applications.
For more information regarding Globalstar, please visit Globalstar's web site at www.globalstar.com
About Quake Global, Inc.
Founded in 1998, privately held QUAKE(r) designs, manufactures, and implements advanced wireless methods of asset tracking and monitoring through satellite, cellular, and other developing technologies. From its headquarters in San Diego and through a network of international distribution representatives, the company provides products and design services to companies in the heavy equipment, aviation, maritime, and trucking industries, as well as in utility, gas & oil, and rail applications. Quake Global is proud of its world-wide reputation for providing reliable, rugged, and high-quality subscriber communicators to major international OEMs. More information is available at www.quakeglobal.com
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "Quake expects to deliver its first model of Globalstar products by the end of 2009, and will introduce a complete line of Globalstar communicators in 2010," 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 SPOT Satellite GPS Messenger, and the ability to retain and migrate our two-way communications services subscribers to our second-generation constellation when it is deployed; problems relating to the construction, launch or in-orbit performance of our existing and future satellites, including the effects of the degrading ability of our first-generation satellite constellation to support two-way communication; problems relating to the ground-based facilities operated by us or by independent gateway operators; 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; 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.