Category: Uncategorized
August 27

Globalstar Begins Production Assembly and Testing of New Second-Generation Satellites

Globalstar, Inc. (Nasdaq: GSAT), the world\'s largest provider of mobile satellite voice and data services to businesses, government and individuals, today announced that satellite manufacturer Thales Alenia Space has begun production assembly, integration and testing of the first Globalstar second-generation flight model satellites. Globalstar, Thales Alenia Space and Arianespace company officials presented the latest updates to members of the media and investment community at the Thales Alenia Space satellite manufacturing facility located in Cannes, France. The new satellites, scheduled for delivery beginning in less than a year, will be used to provide Globalstar\'s next-generation of advanced mobile satellite voice and data services. In November of 2006 Globalstar signed a contract with Thales Alenia Space for the design, manufacture and delivery of 48 second-generation satellites. In September of 2007 Globalstar signed a contract with launch provider Arianespace to launch the second-generation satellites beginning in the second half of next year. Globalstar will once again use the highly reliable human-rated Soyuz launch vehicle which has been used to successfully launch 32 Globalstar first-generation satellites.

\"For more than a decade our talented engineers and operations personnel have been working with the highly skilled team of satellite and launch experts from Thales Alenia Space, Arianespace and their Soyuz partners,\" said Tony Navarra, President of Space Operations and Engineering for Globalstar, Inc. Mr. Navarra added, \"This first-generation legacy helped lead to the manufacture of our current constellation plus eight successful Globalstar Soyuz launches. Today\'s announcement and manufacturing tour clearly demonstrate we\'re on track to meet our second-generation launch schedule. We are doing exactly what we set out to do and we are doing so on time and on budget. We want to thank Thales Alenia Space, Arianespace and all their sub-contractors for helping us meet our aggressive timetable to deploy Globalstar\'s next-generation network and the advanced wireless voice and data services that it will bring.\"

\"We are very proud to have been chosen by Globalstar, Inc. for this major program,\" said Blaise Jaeger, Thales Alenia Space Executive Vice President and General Manager Telecommunications Business Unit. \"With the production AIT phase for the second generation kicking off today, after meeting all program milestones since its start in November 2006, we are on schedule to start launches as early as Q3 2009. Building on our long-standing relation, we continue to team up with Globalstar in an outstanding partnership, and look forward to the continued flawless execution of the program.\"

\"Since February 1999, Arianespace has had the privilege, through its Starsem affiliate, of launching 32 satellites of the Globalstar fleet. Last year, we were honored to have been entrusted by Globalstar with launching its second-generation constellation. In 2009, this decade-old relationship with Globalstar is expected to continue in French Guiana, when Arianespace will deliver to orbit another six Globalstar satellites on the world\'s most reliable launch vehicle, the Soyuz. As ever, Arianespace stands ready with a proven guarantee of \'Service & Solutions\' to help Globalstar meet its goals,\" said Jean-Yves Le Gall, Chairman & CEO of Arianespace.

The Globalstar second-generation constellation has a 15-year contracted lifespan which secures the company\'s space segment through at least 2025. Globalstar expects the new constellation and ground network to provide faster data speeds required to support a variety of next-generation Internet-protocol (IP) based services. The network is being designed to ensure backwards compatibility for current customers and the Company is evaluating next-generation commercial and consumer wireless services including push-to-talk, multicasting, duplex SMS, advanced messaging, and the ability to support mobile video applications.

A copy of the Globalstar presentation is available on the company\'s website at www.globalstar.com

About Globalstar, Inc.

With over 300,000 subscribers, Globalstar is the world\'s largest provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company\'s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible 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 users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.

For more information regarding Globalstar, please visit Globalstar\'s web site at www.globalstar.com

About Thales Alenia Space

European leader in satellite systems and a major player in orbital infrastructures, Thales Alenia Space is a joint venture between Thales (67%) and Finmeccanica (33%). Thales Alenia Space and Telespazio embody the two groups\' \"Space Alliance\". Thales Alenia Space sets the global standard in solutions for space telecoms, radar and optical Earth observation, defense and security, navigation and science. The company has a total of 7,200 employees and 11 industrial sites, with design and manufacturing facilities in France, Italy, Spain and Belgium. www.thalesaleniaspace.com

About Arianespace

Arianespace is the world\'s leading launch Service & Solutions company, delivering innovative services and solutions to its customers since 1980. Backed by 23 shareholders and the European Space Agency, Arianespace offers an unrivaled launcher family, comprising Ariane 5, Soyuz and Vega, and an international workforce renowned for their culture of excellence. As of 25 August 2008, Arianespace had launched a total of 263 payloads, including more than half of all the commercial satellites now in service worldwide. It has a backlog of nearly 25 Ariane 5 and 10 Soyuz launches, equal to more than 3 years of business. www.arianespace.com

Safe Harbor Language for Globalstar Releases

This press release contains certain statements such as, \"The new satellites, scheduled for delivery beginning in less than a year, will be used to provide Globalstar\'s next-generation of advanced mobile satellite voice and data services,\" that are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including demand for our products and services, including commercial acceptance of our new Simplex products, including our SPOT Satellite Messenger product, and the ability to retain and migrate our two-way communications services subscribers to our second-generation constellation when it is deployed; problems relating to the construction, launch or in-orbit performance of our existing and future satellites; including the effects of the degrading ability of our first-generation satellite constellation to support two-way communication; problems relating to the ground-based facilities operated by us or by independent gateway operators; our ability to attract sufficient additional funding to meet our future capital requirements including deployment of our second-generation constellation; competition and its competitiveness vis-a-vis other providers of satellite and ground-based communications products and services; the pace and effects of industry consolidation; the continued availability of launch insurance on commercially reasonable terms, and the effects of any insurance exclusions; changes in technology; our ability to continue to attract and retain qualified personnel; worldwide economic, geopolitical and business conditions and risks associated with doing business on a global basis; and legal, regulatory, and tax developments, including changes in domestic and international government regulation.

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 we undertake no obligation to update any such statements. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
CONTACT:  Globalstar, Inc.
          Dean Hirasawa
          (408) 933-4006
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