Globalstar Celebrates Launch of Six New Globalstar Second-Generation Satellites – Globalcom

Globalstar Celebrates Launch of Six New Globalstar Second-Generation Satellites

Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, government, and individuals today announced that CEO Peter Dalton will preside over the NASDAQ Opening Bell ceremony on Tuesday, October 26th. Mr. Dalton will be joined by Chief Financial Officer, Dirk Wild, General Counsel and Vice President of Regulatory Affairs, L. Barbee Ponder, and other company executives and representatives.

Event Details are as follows.

Where:

NASDAQ MarketSite — 4 Times Square — 43rd & Broadway — Broadcast Studio

When:

Tuesday, October 26, 2010 at 9:15 a.m.- 9:30 a.m. ET

Earlier this month, Globalstar announced the successful October 19th launch of six new second-generation Globalstar satellites from the Baikonur Cosmodrome in Kazakhstan. To coincide with the launch of the new constellation satellites, the Company also announced it had refreshed its visual branding through the introduction of a new logo and the launch of a new global website re-design.

A total of four launches of six satellites each will be conducted by launch services provider Arianespace using the highly reliable Soyuz launch vehicle. Globalstar plans to integrate the 24 new second-generation satellites with the eight first-generation satellites that were launched in 2007, to form a 32 satellite constellation.

Once the first six new Globalstar satellites become operational, service availability and reliability improvements will benefit those customers who use the Company’s voice and Duplex data services. With each subsequent launch, these customers can expect a progressive return to the high quality system access and data session performance metrics customers enjoyed before 2007.

The new satellites are designed to support Globalstar’s current lineup of voice, Duplex and Simplex data products and services including the Company’s lineup of SPOT retail consumer products. The advanced constellation combined with the Company’s next-generation ground network, expected to be installed by 2012, is also designed to provide Globalstar customers with enhanced future services featuring increased data speeds of up to 256 kbps in a flexible Internet protocol multimedia subsystem (IMS) configuration. Products and services supported are expected to include: push-to-talk and multicasting, advanced messaging capabilities such as multimedia messaging or MMS, geo-location services, multi-band and multi-mode handsets, and data devices with GPS integration.