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globalstar inc (GSAT) Details

Globalstar, Inc. provides mobile satellite voice and data communication services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in industrial, commercial, and residential sites, as well as rural villages and ships; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, independent gateway operators, and its sales force and e-commerce Website. It primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. The company was founded in 2003 and is headquartered in Covington, Louisiana.

353 Employees
Last Reported Date: 02/28/19
Founded in 2003

globalstar inc (GSAT) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $548.9K
Executive Chairman
Total Annual Compensation: --
Vice President & CFO
Total Annual Compensation: $348.0K
Vice President of Finance, Business Operation...
Total Annual Compensation: --
Corporate Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2018.
globalstar inc
Airwavz Solutions, Inc. and Globalstar Inc. Enter into an Initial Agreement to Utilize Band 53 for Commercial Real Estate Services

Airwavz Solutions, Inc. and Globalstar Inc. announced that they have agreed upon rights to offer Band 53 for in-building wireless services. Airwavz received rights to lease Globalstar’s Band 53 under the agreement. Globalstar will seek to further develop the spectrum and supporting ecosystem for in-building services and for mission critical applications. While today’s network topologies, such as DAS, D-RAN, Wi-Fi and fiber-optic networks, support current in-building services, new technologies need to be developed to address the expected explosion of IoT devices and the millions of connections needed for smart-building applications. Globalstar’s Band 53, which received 3rd Generation Partnership Project (3GPP) approval in December 2018, is well suited to meet future in-building wireless connectivity demands. Globalstar’s terrestrial Band 53 holds physical, regulatory and ecosystem qualities that distinguish it from other 5G spectrum allocations. With favorable propagation characteristics including low interference, high capacity and nationwide availability, Band 53 is ideal to support next generation in-building services as the commercial real estate industry undergoes a technological transformation. Airwavz Solutions and Globalstar will begin pilot programs in the commercial real estate sector in the third quarter of 2019.

Globalstar Europe Satellite Services Ltd. Announces Deployment of New Globalstar IoT Technology Solution by Farmers to Track and Protect Thousands of Reindeer in the North of Finland and Sweden

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. announced that farmers have deployed a new Globalstar IoT technology solution to track and protect thousands of reindeer in the north of Finland and Sweden. Since trialling its ReindeerApp and collar less than a year ago, newly-signed Globalstar Value Added Reseller PrismaQuality Finland has seen rapid uptake among reindeer herd owners whose livestock roam fence-free in Scandinavia’s vast northern hinterland. ReindeerApp enables farmers to keep track of their herds, and helps mitigate losses from predators such as wolves and bears. The user interface which PrismaQualityFinland developed notifies herders when a deer is no longer moving, and Globalstar’s extensive satellite coverage and accuracy, the farmer knows exactly where to go to check on the animals. The SmartOne C’s long battery power means farmers need only change the collars’ batteries during the annual round-up in June, when herds get health checks and new-born fawns are marked to identify who owns them. Reindeer husbandry has been carried out in Lapland, Northern Finland, and across the northern Scandianvian region by indigenous Sami communities for over a millennium. Descendents of these original reindeer farmers continue that tradition, however modern farming principles are being increasingly adopted. There is huge economic value from the 200,000 reindeer in Finland including the sale of meat and products made from skin and leather, horn and bone. Reindeer tracking systems based on GSM have been trialled in the past, but inadequate reliability in remote regions, higher price and poor battery life made these systems ineffective. Beyond Finland, ReindeerApp is also now being used in Sweden, where there are 250,000 reindeer. Deployments are also expected in Norway, as well as in Canada to track caribou, and to manage other deer species in Nepal and Mongolia.

Globalstar, Inc. Satellites Powering Communications for Recon Powerline Wildfire Prediction and Warning Platform

Globalstar, Inc. announced that the company has entered a long-term strategic relationship with Seattle-based Recon Powerline allowing the company to use Globalstar's satellite and multi-radio modems to help address the growing issue of wildfire risk management. With the integration of Globalstar connectivity into their Powerline Monitoring System, Recon will create the most reliable platform in the industry enabling communications in remote regions with little to no cellular coverage and the Wildland-Urban Interface. Globalstar offers a suite of life-saving and IoT products for those that need reliable connectivity everywhere. Helping to provide faster response time for wildfires aligns both with Globalstar's MSS ability and corporate mission. This exclusive partnership is an integral component of Recon Powerline's response to California Governor Gavin Newsom's Request for Innovative Ideas (RFI2) announced by Executive Order. The Executive Order gives the State of California a new path to address issues like the wildland fire crisis through innovative technology solutions for monitoring and prevention.


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Price/Sales 6.4x
Price/Book 2.2x
Price/Cash Flow 32.1x
TEV/Sales 2.6x

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