April 20th, 2011
Globalstar + TrafficCast... Acquiring Minds Wish To Know...
Globalstar, Inc. (Nasdaq:GSAT) has completed an equity investment in TrafficCast International, Inc., a provider of travel time forecasting and traffic information based on advanced digital traffic data. TrafficCast provides business and government customers with accurate real-time and on demand mobile traffic information and travel-time forecasts by analyzing GPS-based tracking and other data from expressways and major arterials as well as information from secondary and tertiary roadways, weather conditions, roadway incidents and events, construction, and historical traffic patterns. With increasing congestion facing an estimated 100 million drivers in the United States alone, TrafficCast envisions an increased demand for advanced traffic flow data and travel information for a range of applications supporting mobile services, navigation, web portals, media, enterprise and the public sector. Over 10 years, TrafficCast has researched and developed the largest traffic data platform in the industry referencing historical and real-time traffic for over 450,000 miles of roadways in the United States.