Globalstar — Event @ Thales Alenia Space + Six Sat Sendoff
Globalstar, Inc. (Nasdaq:GSAT) has just announced that an investment community event will take place at the Thales Alenia Space satellite manufacturing facility in Rome, Italy. On January 27,2010, at approximately 11:30 a.m. local time, Executive Chairman Jay Monroe and President of Global Operations Tony Navarra are scheduled to present to investors and media. A copy of the meeting presentation will be posted on the Globalstar corporate website on the day of the event.
In November of 2006, Globalstar contracted Thales Alenia Space for the design, manufacture and delivery of as many as 48 new Globalstar 2G satellites. The upcoming investor and media event celebrates the pre-launch assembly, integration and testing (AIT) of the first nearly completed satellites. These AIT steps are integral to the final acceptance of the satellites prior to delivery to the launch site. Once the new constellation is deployed, Globalstar expects its service will return to the industry-leading voice quality and reliability levels that customers received prior to 2007. The new constellation
also secures Globalstar's space segment beyond 2025, providing the Company with the ability to deliver both legacy and enhanced nexgen satellite voice and data services for at least the next 15 years. As far as the new satellites are concerned, the following story ran yesterday regarding Globalstar...
Globalstar, Inc.(Nasdaq:GSAT) has announced that the first 90-day window to launch six Globalstar second-generation satellites will open on July 5, 2010. Globalstar plans to launch thenew satellites during this time frame.
The satellites will be launched from the Baikonur Cosmodrome in Kazakhstan using the Soyuz launch vehicle. The human-rated Soyuz is used to ferry astronauts and cosmonauts to the International Space Station and Globalstar has previously used it eight times to successfully launch satellites into orbit.
In the summer of 2007, Globalstar signed a launch services contract with Arianespace for Globalstar's 2G constellation. These satellites will be integrated with the Globalstar satellites launched on the Soyuz in 2007. Globalstar's customers will experience improvements in service as the new satellites are progressively brought into commercial service. Once the new constellation is deployed, Globalstar expects its service will return to the industry-leading voice quality and reliability levels that customers received prior to 2007. The new constellation also secures Globalstar's space segment beyond 2025, providing the Company with the ability to deliver both legacy and enhanced next-generation satellite voice and data services for at least the next 15 years.
