• View the entire bell ringing ceremony here
• Globalstar innovative LEO satellite services, borderless terrestrial spectrum, and private 5G networking deliver industry-leading market offerings
• Globalstar CEO Dr. Paul E. Jacobs and executive team attended investor meetings after the ceremony
• Bell-ringing ceremony marks deepening market presence and commitment
• Watch Dr. Paul E. Jacobs' interview on CNBC's Squawk Box

NEW YORK, February 12, 2025--(BUSINESS WIRE)--Globalstar, Inc. (Nasdaq: GSAT) ("Globalstar"), a next-generation telecommunications infrastructure and technology provider, announced today it visited the Nasdaq MarketSite in Times Square on Tuesday, February 11, 2025, to ring the opening bell. In recognition of this milestone, Globalstar CEO Paul E. Jacobs led the bell-ringing ceremony.

"Globalstar’s listing on Nasdaq marks a significant milestone in our 30-year history. Not only does this reinforce the strong financials and momentum of our company, but it also reflects our mission and commitment to innovation, growth, and long-term value creation. As we step into this new phase, we look forward to expanding our impact, driving technological advancements, and delivering even greater opportunities from the ground to space," Jacobs said.

About Globalstar

Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s low Earth orbit ("LEO") satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation internet of things ("IoT") hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250212593861/en/

Contacts

Media Contact
Alisa Moloney
alisa.moloney@globalstar.com