Globalstar Confirms February 5th Launch Date
Final Launch Will Complete Deployment of World's First Second-Generation Constellation of LEO Satellites
COVINGTON, La., Jan. 25, 2013 (GLOBE NEWSWIRE) -- Globalstar, Inc. (OTCBB:GSAT) today announced that its fourth launch of six second generation satellites has been confirmed for February 5, 2013 at the following time:
|10:20 p.m. Baikonur time|
|08:20 p.m. Moscow time|
|05:20 p.m. Paris time|
|11:20 a.m. Eastern Standard Time|
|10:20 a.m. Central Standard Time|
|08:20 a.m. Pacific Standard Time|
This will be the fourth and final launch from the Cosmodrome in Baikonur, Kazakhstan, completing Globalstar's plan to orbit 24 second-generation satellites. Globalstar has previously launched 18 second-generation satellites in launches that occurred on October 19, 2010, July 13, 2011 and December 28, 2011. Globalstar has placed into commercial service all of the previously launched second-generation satellites.
The February 5th launch is the last launch necessary to fully restore Globalstar's Duplex service to the high level of quality that Globalstar's customers have historically enjoyed. Globalstar's second-generation satellites were designed and manufactured by Thales Alenia Space with a service life of fifteen years, twice that of Globalstar's first-generation satellites.
Globalstar's launch services provider, Arianespace, will utilize the highly reliable Soyuz Fregat launch vehicle. Globalstar, in association with Arianespace, has previously completed eleven launches utilizing the Soyuz, which is credited with more than 1795 successful launches to date.
All six second-generation satellites for the fourth launch have been fueled and mated to the Dispenser, and the Upper Composite has been transferred to the assembly facility near the launch pad where it will be mated to the Soyuz.
Members of Globalstar's executive management team, including Anthony Navarra, President of the Space Program, and L. Barbee Ponder, General Counsel and Vice President Regulatory Affairs, will attend the launch.
To view the latest images of the final launch preparations, please visit www.globalstar.com.
To view the launch live over the web on February 5th, please visit www.arianespace.tv/.
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
The Globalstar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8183
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as, "Final Launch Will Complete Deployment of World's First Second-Generation Constellation of LEO Satellites," "[t]his will be the fourth and final launch from the Cosmodrome in Baikonur, Kazakhstan, completing Globalstar's plan to orbit 24 second-generation satellites," and "[t]he February 5th launch is the last launch necessary to fully restore Globalstar's duplex service to the high level of quality that Globalstar's customers have historically enjoyed," that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding the Company's ability to complete its launch program and restore the quality of its Duplex service and other statements contained in this release regarding matters that are not historical facts, involve predictions.
Any forward-looking statements made in this press release speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Globalstar undertakes no obligation to update any such statements. Additional information on factors that could influence the Company's financial results is included in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
CONTACT: Globalstar, Inc. L. Barbee Ponder firstname.lastname@example.org LHA Jody Burfening/Carolyn Capaccio (212) 838-3777 email@example.com