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Thursday, October 22, 2020

Globalstar, Inc. (NYSEMKT:GSAT) – Gets a Lift From NASA

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Globalstar, Inc. (NYSEMKT:GSAT) NASA recently completed a successful test flight using Globalstar and ADS-B Technologies’ ALAS Aviation Tracking Solution. This is good news for a stock that has been on a downtrend since May, when it reached $3. The next earnings announcement is expected on 11/03/2016. GSAT beat earnings estimates in Q2 which sparked a nice rally, that said, shareholders will definitely be watching to see if Globalstar can repeat in November.

The news out on NASA may be a catalyst for optimism to return as well. News from headquarters yesterday in COVINGTON, La., Sept. 28, 2016 (GLOBE NEWSWIRE) — Globalstar, Inc. (NYSE:GSAT) and its partner, ADS-B Technologies, announced the completion of the NASA Langley Research Center research flight with the Cirrus SR22 Unmanned Aerial System (UAS) Surrogate designed to test the operation of the ADS-B Link Augmentation System (ALAS). Initial results indicated continuous communication between the aircraft and Globalstar’s satellite system with only brief interruptions during extreme maneuvering, which reconnected quickly.

Globalstar, Inc. (NYSEMKT:GSAT) is a provider of mobile satellite services, including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or under-served by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. It provides various communications services through satellite, which include two-way voice communication and data transmissions (Duplex) using mobile or fixed devices, and one-way data transmissions (Simplex) using a mobile or fixed device that transmits its location and other information to a central monitoring station, which includes certain SPOT and Simplex products. It offers voice and data communication services over its network of in-orbit satellites and its active ground stations (gateways). It also offers hardware and software designs to develop specific applications operating over its network.

GSAT announced that the Cirrus SR22 test flights focused on testing the ability of ALAS to continuously pass two-way data between the aircraft and NASA’s ground control station using remote control capabilities. The first of two 40 minute flights included extreme maneuvering with two 60 degree bank angle turns specifically designed to test the ALAS connection. The second flight produced similar results during a series of maneuvers involving heading and altitude changes.

“NASA not only demonstrated that ALAS could perform well in maneuvers, but also confirmed that complex data such as flight control commands and aircraft state and status could be passed to a controller over the same robust Globalstar link in real time,” said Skip Nelson, President of ADS-B Technologies. “This tells us that ALAS could provide a single, secure and potentially encrypted portal between the aircraft and the ground.”

ALAS is a simple, low cost peripheral that is designed to pass real-time one second ADS-B reports over the horizon to ADS-B ground stations from aircraft operating in remote and oceanic areas. The system is compatible with virtually any ADS-B avionics installation. It also does not interfere with the aircraft’s normal ADS-B transmissions to terrestrial ground stations.

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“We are pleased to see ALAS perform well under the scrutiny of NASA level testing,” commented Jay Monroe, Chairman and CEO of Globalstar. “ALAS is a reliable, economical flight tracking solution and we look forward to our continued work with aviation interests such as NASA to further leverage this innovative technology.”

Globalstar is a leading provider of mobile satellite voice and data services, leveraging the world’s newest satellite network. Customers around the world in industries like government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. The Company’s products include mobile and fixed satellite telephones, the innovative Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems, tracking devices and flexible service packages.

Many of their customers are commercial fishers/government employees/or other people that are away from civilization and regular cell phone towers. A majority of their customers require these satellite services to conduct their operations whatever they may be. Imagine being beyond the reach of cell coverage and unable to make calls, send emails or provide peace-of-mind to loved ones back home. Globalstar connects users to the people and information that matter most when regular cell coverage is out of reach. Captains from Wicked Tuna and Deadliest Catch TV Shows have relied on GSAT Technology to communicate when needed.

Increased mobile connectivity demand and rapid technological advancements continue to present growth opportunities to companies in the Wireless Communications space. While challenges are inevitable, continued momentum for the industry is expected. For continuing coverage on $GSAT and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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