Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer; Announces Agreement to License XCOM Labs Technology
Paul E. Jacobs, Ph.D., founder of XCOM Labsand former CEO and Executive Chairman of Qualcomm, has become CEO of Globalstar
Matt Grob, Chief Technology Officer of XCOM and former CTO of Qualcomm, has also joined Globalstaras Chief Technology Officer; Grob and other key XCOM technologists are expected to drive Globalstar’s innovation in new and ongoing initiatives across both the satellite and terrestrial areas of the business
Globalstarhas exclusively licensed XCOM Labs’ technology to enhance its terrestrial wireless efforts, with the goal of accelerating and expanding its ability to develop commercial applications and enter a broader range of end markets
In conjunction with Dr. Jacobs’ appointment,
Jacobs continued, “Bringing together Globalstar’s terrestrial spectrum and relationships with leading partners around the world with XCOM’s differentiated technology, which is well suited for high-performance applications, creates a significant opportunity to deliver for private network customers with mission-critical needs. At the same time, Globalstar’s continued innovations in satellite connectivity are just as exciting, particularly in small form-factor devices. Through the combination of Globalstar’s resources and XCOM’s technology, we can bring even more innovation to market. I look forward to working with the talented
Monroe added, “I also want to thank
Enhanced Executive Talent
In addition to
Their deep expertise in developing cutting-edge wireless connectivity solutions complements Globalstar’s experienced team. Their efforts will be enhanced by dozens of XCOM employees, including engineering, test, product and R&D professionals who will remain with XCOM and continue to drive innovation.
Monroe continued, “The fact that we are attracting such visionary technologists to lead us going forward is a testament to the high caliber of
Under the terms of the perpetual licensing agreement, the consideration for an upfront licensing fee and related costs will be approximately 60 million shares of
Employees of XCOM focused on the extended reality connectivity technology will not be impacted by this licensing agreement.
To facilitate the funding of XCOM’s ongoing operations, some of the shares issued as consideration for the licensing fee will be sold and delivered to certain long-term
The transactions described in this release, including governance matters, reportable sale and purchase transactions, registration of shares and other related matters, will be reported in due course in various
Paul E. Jacobsfounded XCOM Labsin 2018 to invest with the world’s most creative engineers and businesspeople. As former CEO and Executive Chairman of Qualcomm, Dr. Jacobsspearheaded its efforts to develop and commercialize fundamental mobile technology breakthroughs that fueled the wireless internet and smartphone revolutions. Dr. Jacobsis a prolific inventor with over 80 U.S. patents granted or pending in the field of wireless technology and devices. He served as a director of Qualcomm from June 2005to March 2018, including as Chairman of the board of directors from March 2009to March 2018, and as Executive Chairman from March 2014to March 2018. Dr. Jacobsis currently a member of the board of directors at both Dropbox, Inc. and Arm Limited. He is also an owner and vice chairman of the Sacramento Kingsof the National Basketball Association(NBA), and on the board of FIRST, the robotics and education organization inspiring future leaders in science and technology. He attended the University of California, Berkeley, where he earned a B.S. in Electrical Engineering and Computer Science, an M.S. in Electrical Engineering and a Ph.D. in Electrical Engineering and Computer Science. Dr. Jacobsis a member of the National Academy of Engineeringand a Fellow of the American Academy of Arts and Sciences.
Matt Grobhas served as Chief Technology Officer of XCOM, responsible for developing innovative wireless technologies, since 2018. Grob previously spent over 26 years at Qualcomm in technology and engineering leadership roles. He served as Qualcomm’s EVP and CTO from 2011 to 2017, overseeing R&D and managing a global team of 2,200 employees across various divisions worldwide, and later as EVP/Technology. Grob holds a B.S. in Electrical Engineering from Bradley Universityand an M.S. in Electrical Engineering from Stanford University. He is a trustee of the Fleet Science Centerin San Diegoand a volunteer for over a decade at FIRST.
Peter Blackhas served as XCOM LabsChief Scientist since 2018. Previously an SVP of Technology and Fellow at Qualcomm, Black has worked on wireless system designs spanning 2G/3G/4G/5G/6G. He contributed to all aspects of the life cycle of new innovations, starting with the concept, system design, prototype, standardization and finally, the commercial ASIC realizations. He was a modem system architect in 1995 for the first commercial CDMA modem chip – the foundational Qualcomm chip-set product. In 1998, Peter co-led an R&D project which led to the high-speed Mobile Internet starting with 1xEV-DO. Concepts such as shared downlink, adaptive HARQ, link adaption, carrier-state feedback, fairness scheduling, carrier aggregation and cellular broadcast were designed, prototyped, standardized and commercialized over the next 10 years under his direct technical leadership. The 3GPP HSDPA standard was motivated by and based on this foundational EVDO work. He holds 200+ US patents and holds a B.E. in Electrical Engineering from University of Queenslandand was awarded a University Medal. He was also awarded a Fulbright Traveling Scholarship and attended Stanford University, graduating with an M.S. and a Ph.D. in Electrical Engineering.
Tamer Kadousis currently the VP of wireless in XCOM, where he has been responsible for building and commercializing state-of-the-art wireless technologies for KPI-demanding applications with emphasis on Xtended Reality (XR) and factory automation. In his current role, Tamer drives the wireless division across all disciplines, covering areas of design, implementation, testing and commercial deployment, in addition to front-line product responsibilities such as technical marketing and product strategy and roadmap. Under Tamer’s leadership, two commercial systems have been built in XCOM-labs for licensed and unlicensed spectrum wireless technologies - these systems are currently undergoing pre-commercial trials. Before XCOM, Tamer worked in Qualcomm Research, where his career focused on the delivery of technology from design principles to completion. He has held the role of Design Architect, Systems Lead and Project Lead for a variety of projects focusing on wireless innovations in WAN and connectivity areas, including UMB (ultra-mobile broadband), WLAN, EV-DO, LTE, LTE-U and MulteFire. He served as the Chair of MulteFire Alliance Radio Working Groupfrom 2016 to 2018 and was the technical lead for 5G shared spectrum and MulteFire (MF) Technologies in Qualcomm Research. Mr. Kadousearned his Ph.D. in Wireless Communicationsfrom the University of Wisconsin-Madison.
Daaman Hejmadi currently serves as the
XCOM LabsVice President of Engineering. Mr. Hejmadibrings extensive executive leadership and engineering experience to the team. His work has spanned semiconductor startups to device manufacturing giants over the past three decades. He most recently co-founded a startup company building the brain of an autonomous automobile focused on the rapidly growing market in China. Prior to this, Daaman worked at Intel from 2016 to 2020. His last role at Intel was as Corporate Vice President & Infrastructure and Platform Solutions GroupGeneral Manager focused on the recovery of process technology leadership by creating a development platform for internal and external customers. This was preceded by nine years with Qualcomm in the capacity of Vice President of Engineering, revolutionizing their development landscape and transforming their Bangaloredesign center from a small augmentation team to an engineering powerhouse comprised of ~4K staff that continues to deliver long-term value. Daaman holds an M.B.A. in Organizational Behavior and Finance from the University of California, Berkeley, and an M.S. in Computer Science and Engineering from the University of Massachusetts. He earned his B.E. (Computer Science and Engineering) at the Indian Institute of Science, preceded by a B.S. in Physics/Electronics from the Sri Sathya Sai Institute of Higher Learning.
The Company’s LEO satellite constellation assures secure data transmission for connecting and protecting assets, delivering key operational data and saving lives – from any location – for consumers, businesses and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53/n53, offers carriers, cable companies and system integrators a versatile, fully licensed channel with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOMP technology offers significant capacity gains in dense wireless deployments.
In addition to SPOT GPS messengers,
This press release contains certain statements 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 our ability to identify and realize opportunities and to generate the expected revenues and other benefits of the license agreement, our ability to integrate the licensed technology into our current line of business, the ability of