| GLOBALSTAR ANNOUNCES SATELLITE LAUNCH UPDATE2011.09.15 |
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| Covington, LA , September 12 2011- Globalstar, Inc. (NASDAQ:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and consumers, today announced that its upcoming launch of six second-generation satellites planned for mid October will be delayed. Russian Space Agency officials notified the Company of the delay and said it will undertake complete inspections of all Soyuz 2.1a launch vehicles, including three to be used for launches to the International Space Station and Globalstar's, following a recent launch failure. The Company and its launch services provider Arianespace expect to receive a formal report from their Russian partners in the coming days. Once the report is provided and analyzed, the Company will announce a new launch date. Globalstar is currently deploying its second-generation satellite constellation and Arianespace has been contracted to conduct launches of six satellites each. The first two launches were successfully conducted in October of 2010 and July of 2011 and two additional launches are expected to take place in the coming months. About Globalstar, Inc. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger™ and flexible airtime 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 consumers. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. All SPOT products described in Globalstar or SPOT LLC press releases are the products of Spot LLC, which is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of Chantilly, Virginia. For more information regarding Globalstar, please visit Globalstar's web site at www.globalstar.com |
