MILPITAS, Calif., March 23, 2009 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), the world's largest provider of mobile satellite voice and data services to businesses, governments and individuals, today announced that its highly acclaimed SPOT Satellite GPS Messenger(tm) product is the sole recipient of the 2009 Mobile Satellite Users Association (MSUA) Innovation Award. The award will be presented to Globalstar executives at the sixth international Mobile Satellite Users Conference and Exhibition (MSUA-6), which is being held in conjunction with the SATELLITE 2009 Conference and Exhibition taking place March 25-27 at the Walter E. Washington Convention Center in Washington, DC.
"We are honored to be recognized by the international mobile satellite services community for our contribution to consumers, and to the satellite industry overall," said Tom Colby, chief operating officer, Globalstar. "While certain users and select industries have long recognized the benefits of satellite communications, our SPOT product is a breakthrough that finally brings together satellite-based safety and remote messaging capabilities, in a form factor and price point we expect is highly appealing to mainstream consumers around the world."
Commenting on the awards, MSUA President Tim Farrar noted, "In 2009, MSUA recognizes Globalstar's SPOT Satellite GPS Messenger for bringing lifesaving MSS to a much wider consumer market, selling tens of thousands of units even in today's challenging economic times. As a result of its entry into the market, Globalstar's SPOT Satellite GPS Messenger product has also helped elevate the visibility of the entire Mobile Satellite industry. We are pleased to honor this innovative product."
SPOT Satellite GPS Messenger is the world's first and only handheld personal safety device that provides a comprehensive satellite GPS safety service with its subscription-based SPOT Assist platform. SPOT combines reliable commercial satellite messaging and GPS location technologies designed to send the user's GPS location to friends, family or co-workers along with a custom satellite text or email message and a link to Google Maps(tm). In an emergency, SPOT users can transmit an alert notification (9-1-1) to a global emergency coordination center from virtually any location - including some of the most remote locations around the globe - independently of cellular networks. Since its introduction in late 2007, the SPOT Satellite GPS Messenger has helped initiate close to 145 rescues, many which resulted in lives saved, and has transmitted more than seven million "peace-of-mind" and "track me" messages worldwide.
The sixth international Mobile Satellite Users Conference and Exhibition, MSUA-6, provides a unique opportunity for users in mobile satellite communications. MSUA-6 is the only forum devoted exclusively to the mobile satellite industry, and features panel discussions and demonstrations of satellite terminals from many companies. Tickets to the luncheon are included with the MSUA-6 Conference registration, or can be purchased a la carte. For more information, or to register for MSUA-6, please visit http://www.SATELLITE2009.com/MSUA-6.
About Globalstar, Inc.
With over 325,000 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 website at www.globalstar.com
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "While certain users and select industries have long recognized the benefits of satellite communications, our SPOT product is a breakthrough that finally brings together satellite-based safety and remote messaging capabilities, in a form factor and price point we expect is highly appealing to mainstream consumers around the world," 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 our SPOT Satellite Messenger product, and the ability to retain and migrate our two-way communications services subscribers to our second-generation constellation when it is deployed; our ability to obtain additional financing; 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; our ability to attract sufficient additional funding to meet our future capital requirements including deployment of our second-generation constellation; 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.