Press Releases

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

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

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

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

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

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

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

Companies Respond to DOT Request for Information on Positioning, Navigation and Timing Technology COVINGTON, La. & STERLING, Va. --(BUSINESS WIRE)--Jun. 13, 2019-- Globalstar, Inc. of Covington, LA (NYSE American: GSAT) and Echo Ridge, LLC of Sterling, VA have informed the U.S.

SPOT and Globalstar Satellite Products Average 2 Rescues Each Day COVINGTON, La. --(BUSINESS WIRE)--Jun. 13, 2019-- As seen in recent coverage, reports have plagued news headlines with stories of missing hikers, some found, others recovered. In the last several weeks, and during the summer months

Highlights: Satellite reindeer tracking solution from Globalstar VAR PrismaQuality Finland is being rapidly adopted by farmers across Scandinavia Globalstar’s SmartOne C IoT device chosen for custom designed reindeer collars ReindeerApp deployments expected to spread across the Nordics and into