2 months ago
COVINGTON, La.–(BUSINESS WIRE)–Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced the formation of a global strategic alliance with XCOM Labs (“XCOM”). Globalstar and XCOM will jointly seek to commercialize XCOM’s capacity-multiplying technology with Globalstar’s Band n53 for dense 5G deployments in the US and in other countries where Globalstar has terrestrial rights.
Jay Monroe, Globalstar Executive Chairman commented, “The Company’s global mid-band spectrum portfolio is a significant asset and we welcome the great minds at XCOM and their technology to help us realize its full potential. Our strategy for maximizing the value of this asset is to continue to partner with the best companies possible to bring unique technologies and applications to market utilizing Band n53. Today’s announcement represents a substantial leap forward in this effort.”
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