Globalstar, Inc. (GSAT)

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1.22 +0.12 (10.91%)

At close: Jul 05, 2024, 4:00 PM

Company Description

Globalstar, Inc. provides mobile satellite 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 usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail 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 Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and 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, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.

Key Executives

NamePosition
Mr. Kyle Pickens CFAVice President of Strategy & Communications
Mr. Matthew S. GrobChief Technology Officer
Dr. Paul E. Jacobs Ph.D.Chief Executive Officer & Director
Mr. Wen DoongSenior Vice President of Engineering & Operations
Mr. James Monroe IIIExecutive Chairman
Ms. Rebecca S. ClaryVice President & Chief Financial Officer
Mr. Peter BlackChief Scientist
Mr. L. Barbee Ponder IVGeneral Counsel & Vice President of Regulatory Affairs
Mr. Timothy Evan TaylorVice President of Finance, Business Operations & Strategy and Director
Mr. Jake RembertVice President of Sales - United States, Africa and Central & South America

Globalstar, Inc.

Globalstar, Inc. logo.
CountryUS
IPO DateNovember 02, 2006
IndustryTelecommunications Services
SectorCommunication Services
Employees348
CEODr. Paul E. Jacobs Ph.D.

Contact Details

Address:
1351 Holiday Square Boulevard
Covington, LA
US
Phone:985 335 1500
Website:globalstar.com