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Globalstar Announces First Quarter 2021 Results – Consumer Electronics Net
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Globalstar Announces Completion of Second Lien Warrant Exercise – Consumer Electronics Net
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1 month ago
COVINGTON, La.–(BUSINESS WIRE)–Globalstar, Inc. (NYSE American: GSAT) today announced financial and operating results for the fourth quarter and year ended December 31, 2020.
Dave Kagan, Chief Executive Officer of Globalstar, commented, “2020 was a very productive year for Globalstar as we surpassed a series of milestones in both the satellite business and in terrestrial spectrum. Momentum has continued into 2021. In this release we provide an overview of the satellite business’s recent performance and update our strategies going forward. We also revisit the terrestrial spectrum progress that we have made in recent months and expected developments in the next year. This release is meant to offer investors a fulsome view of where the Company is today and where we believe we are going.”
Press release content from Business Wire. The AP news staff was not involved in its creation.
SPOT Partners With Battlbox to Drive Awareness of Winter Safety
January 20, 2021 GMT
COVINGTON, La. (BUSINESS WIRE) Jan 20, 2021
SPOT LLC, a wholly-owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and leader in satellite messaging and emergency notification technologies, today announced its partnership with monthly subscription box service, Battlbox. As part of the partnership, Battlbox Pro Box subscribers will receive a SPOT Gen4, the next generation of the SPOT Satellite GPS Messenger™, with up to 6 months of service.
The SPOT Gen4 is part of an award-winning product portfolio that provides an affordable and vital line of communication with friends, family, colleagues and the GEOS International Emergency Response Coordination Center (IERCC) using GPS location and satellite connectivity powered by Globalstar.
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Globalstar Inc. (AMEX: GSAT) shares closed 48.6% higher at $1.37 on Wednesday.
The satellite communications company’s stock surged as its wholly-owned subsidiary SPOT LLC announced a partnership with monthly subscription box service Battlebox.
Battlebox customers will receive SPOT’s Gen4 Satellite GPS Messenger as part of their subscription for the Pro Box, with up to six months of service.
“The partnership with Battlbox is a great fit for SPOT since we share a common audience that loves outdoor recreation, adventure and off-the-grid travel for work or pleasure,” Globalstar CEO Dave Kagan said in a statement.
Globalstar had announced a collaboration with
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