Press Releases

Year

September 9, 2019

SPOT Introduces New SPOT X® Device with Enhanced Features and Performance

Bluetooth ® wireless technology enables versatility and a new user experience with SPOT X ® App COVINGTON, La. --(BUSINESS WIRE)--Sep. 9, 2019-- SPOT LLC , a wholly owned subsidiary of Globalstar, Inc. , (NYSE American: GSAT) and a leader in satellite communications and technologies, introduces a

September 6, 2019

Relief Efforts Underway for Bahamas Hurricane Recovery

Globalstar Partners with Regional Supplier Pulse Technology Solutions in Donation of Satellite Communication Solutions COVINGTON, La. --(BUSINESS WIRE)--Sep. 6, 2019-- Amidst the aftermath and devastation of Hurricane Dorian, Globalstar, Inc. (NYSE American: GSAT) and Pulse Technology Solutions

September 5, 2019

Globalstar Announces Decision to Proceed With the French BPIFAE Facility Amendment and New Second Lien Facility

Amendment maintains current cost of senior debt and provides runway through 2022 senior debt maturity $195 million new second lien credit facility to be funded by a strategic partner, Thermo and other investors to pay down existing debt Existing Thermo subordinated loan to be voluntarily converted

August 9, 2019

Globalstar Announces Second Quarter 2019 Results

COVINGTON, La. --(BUSINESS WIRE)--Aug. 9, 2019-- Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended June 30, 2019 . OPERATIONAL HIGHLIGHTS Financing Update We are actively working to complete a transaction that would improve our capital

July 9, 2019

Globalstar Purchases Carmanah’s SmartOne Solar™ Intellectual Property Assets

Victoria, BC, Canada, 7/9/2019 12:05:06 PM - Carmanah Technologies Corporation (TSX:CMH) (the “Company” or “Carmanah”) announced today it has sold to Globalstar, Inc. (“Globalstar”) a perpetual license to use its SmartOne Solar TM intellectual property as well as other assets, including

July 8, 2019

Globalstar-Echo Ridge Agreement Advances New Assured PNT Technology and Service

Globalstar and Echo Ridge Partnership Supports New Technology to Backup GPS COVINGTON, La. & STERLING, Va. --(BUSINESS WIRE)--Jul. 8, 2019-- Globalstar, Inc. of Covington, LA (NYSE American: GSAT) and Echo Ridge, LLC of Sterling, VA have signed an agreement to collaborate, share data, and jointly

July 8, 2019

Globalstar-Echo Ridge Agreement Advances New Assured PNT Technology and Service

June 28, 2019

Globalstar to Complete $62.0 Million Shareholder Bridge Financing

COVINGTON, La. --(BUSINESS WIRE)--Jun. 28, 2019-- Globalstar, Inc. (NYSE American: GSAT) announced today that its Board of Directors has approved a $62.0 million non-convertible bridge facility (“Bridge Facility”) to fund June 2019 principal and interest payments to lenders of its senior credit

June 19, 2019

Globalstar Announces the Successful Completion of MSS and Terrestrial Authorizations Across Africa, Covering a Population in Excess of 100 Million

COVINGTON, La. --(BUSINESS WIRE)--Jun. 19, 2019-- Globalstar, Inc. (NYSE American: GSAT) announced that it has received MSS and terrestrial authorizations in South Africa , Mozambique , Gabon , and Rwanda . These countries join Botswana in representing over 1.1 million square miles of territory, a

June 17, 2019

Globalstar and Nokia to Demonstrate Band 53 Private LTE Solution at the UTC Telecom & Technology Conference in Fort Worth, Texas June 19-20th

COVINGTON, La. --(BUSINESS WIRE)--Jun. 17, 2019-- Today, Globalstar, Inc. (NYSE American: GSAT) announced that they will be showcasing with Nokia the benefits of a Band 53 TDD-LTE solution for private network applications geared specifically to the critical communications needs of utilities around

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