Globalstar Expands Satellite Data Coverage Throughout All of Australia, New Zealand and Surrounding Maritime Region; Installation of new Simplex data applique continues Globalstar strategy of growing market segments and data business by expanding geographic satellite coverage

• Published in: PR Newswire
• Format: Newsletter
• Language: English
• Published: New York PR Newswire Association LLC 13.06.2007
• Subjects: Customer services; Ground stations; Heavy construction; Market segments; Modems; Satellites; Service introduction; Wireless networks

This press release contains certain statements such as "Globalstar has made a number of compelling Simplex data announcements, and we expect to continue to expand our simplex market opportunity through 2007 and beyond" 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 Globalstar's control, including demand for the Company's products and services; problems relating to the construction, launch or in-orbit performance of its existing and future satellites, problems relating to the ground-based facilities operated by it or by independent gateway operators; its ability to attract sufficient additional funding if needed to meet its future capital requirements; 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; its 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. "Installation of this new applique not only expands Globalstar's satellite Simplex geographic coverage in Australia and New Zealand but when combined with our recent agreement with SingTel, it continues our expanded presence in the Pacific Rim region which includes some of the world's fastest growing economies," said Jay Monroe, Chairman and CEO of Globalstar, Inc. Mr. Monroe added, "This investment is also further evidence of our company's commitment to one of the fastest growing areas of our business. In the last two quarters Globalstar has made a number of compelling Simplex data announcements, and we expect to continue to expand our simplex market opportunity through 2007 and beyond."