COVINGTON, La.–(BUSINESS WIRE)–Feb 17, 2021–
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.”
XCOM is an innovative wireless technology company founded by Paul Jacobs, Derek Aberle and Matt Grob, former senior leadership at Qualcomm. XCOM’s leadership and talented engineering team helped develop and commercialize many of the technologies that are at the heart of today’s smartphones. The XCOM team has a history of acquiring spectrum and developing technologies that significantly increased the value of that spectrum. With spectrum costs increasing, as evident from the recent CBRS and C-Band auctions, Globalstar believes XCOM’s capacity boosting and scaling techniques will make its mid-band spectrum an attractive offering for 5G New Radio (NR) based services. This alliance with XCOM will add expertise to all aspects of Globalstar’s future commercial and regulatory efforts.
Paul Jacobs, Founder and CEO of XCOM said, “I have worked with Jay and Globalstar for many years and on many exciting projects. I am eager to embark on this new opportunity to drive XCOM’s growth while helping to accelerate the deployment of Globalstar’s spectrum resources. XCOM’s technology and products will offer significant capacity gains for dense deployments of greater than 4x compared to existing solutions with gains scaling even further up as additional hardware is deployed. This will greatly increase the utility of Band n53, allowing it to carry the traffic and subscriber load which previously required a much wider channel. Future mobile users in dense and dynamic environments will benefit from the combination of our technology and Globalstar’s licensed spectrum. Tomorrow’s machines, both autonomous and remotely controlled, and services like augmented and virtual reality, will enjoy superior performance utilizing the combination of XCOM’s technology and Band n53.”
Pursuant to this agreement, XCOM and Globalstar will work together to commercialize specific terrestrial Band n53 networks in dense traffic environments such as arenas, airports, multi-tenant buildings and industrial deployments in all geographies where Globalstar has secured terrestrial authority.
About Globalstar, Inc.
Globalstar is a leading provider of customizable Satellite IoT Solutions for customers around the world in industries such as oil and gas, transportation, emergency management, government, maritime and outdoor recreation. A pioneer of mobile satellite voice and data services, Globalstar solutions connect people to their devices and allow businesses to streamline operations providing safety and communication and enabling mobile assets to be monitored remotely via the Globalstar Satellite Network. The Company’s Commercial IoT product portfolio includes industry-acclaimed SmartOne asset tracking products, Commercial IoT satellite transmitters and the SPOT® product line for personal safety, messaging and emergency response, all supported on SPOT My Globalstar, a robust cloud-based enhanced mapping solution. Learn more at Globalstar.com.
About XCOM Labs, Inc.
XCOM Labs is a San Diego-based wireless technology company founded by a seasoned executive team with a proven track record of helping to create a $100B+ business based upon a world-leading wireless innovation engine. At XCOM Labs, we have assembled a highly-accomplished team of leading wireless engineers to solve the toughest wireless challenges. Our team led many of the most important aspects of the 3G/4G/5G technology evolutions and the foundations of wireless XR. Our solutions enable Industry 4.0, Private and Federal Networks as well as commercial service providers. Our technologies and products also are a force multiplier for available licensed and unlicensed spectrum. XCOM Labs works with operator, vendor and ecosystem partners to solve complex real-world problems in dense user/traffic venues and campuses, Mobile Edge Computing, AR/VR, Industrial IoT, Robotics and Drones. Our belief is that the best way to predict the future is to invent it and we will #keepinventing.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210217005597/en/
CONTACT: USA Public Relations / General Media Inquiries:
KEYWORD: LOUISIANA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS TELECOMMUNICATIONS SATELLITE
SOURCE: Globalstar, Inc.
Copyright Business Wire 2021.
PUB: 02/17/2021 09:00 AM/DISC: 02/17/2021 09:01 AM
COVINGTON, La.–(BUSINESS WIRE)–Feb 17, 2021–