Ms. Fitzgerald to remain with the company through the second launch of
additional satellites later this summer
MILPITAS, Calif., June 13 /CNW/ -- Globalstar, Inc. (Nasdaq: GSAT), a
leading provider of mobile satellite voice and data services to businesses,
government, and individuals, today announced the resignation of Megan
Fitzgerald, effective August 17, 2007. Globalstar expects to complete the
launch of four additional Globalstar satellites prior to her departure.
Globalstar also announced that, upon Ms. Fitzgerald's departure, Tony Navarra,
President of Global Operations, will assume Megan's responsibilities on an
interim basis. Mr. Navarra has been with Globalstar and its predecessor since
1991 and served as Executive Vice President of Business Development until 1999
when he was appointed President. Mr. Navarra has approximately 30 years of
engineering, satellite development and program management experience.
"I would like to thank Megan for her outstanding contribution and service
to Globalstar," said Jay Monroe, Chairman and CEO of Globalstar, Inc. "Megan
has been an integral part of Globalstar's operations and she will be missed.
We also thank her for participating in an orderly transition of her
responsibilities during the next two months. Over the past year she has dealt
with an arduous travel schedule, having just returned from three weeks in
Kazakhstan overseeing last month's successful launch of four satellites. We
are grateful that she will remain with Globalstar to oversee and manage the
final launch of our spare satellites. The spare satellites will be used to
augment our current constellation and will provide two-way voice and data
service through the launch of the second-generation satellite constellation."
Mr. Monroe added, "Megan has made a considerable contribution to our
second-generation space segment by playing a prominent role in defining and
contracting for this critical aspect of Globalstar's future. Megan will also
remain responsible for securing a second-generation satellite launch contract.
In many ways, the manufacture and launch of the second-generation
constellation represent achievements that Megan has already accomplished, and
so we respect her desire to pursue other challenges. I am confident her
experiences at Globalstar will enable her to take new and exciting steps in
her career. On behalf of Globalstar, I wish Megan continued success in all of
her future endeavors."
About Globalstar, Inc.
With over 250,000 activated satellite voice and data units, Globalstar
offers satellite services to commercial and recreational users in more than
120 countries around the world. The Company's voice and data 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 tracking, data monitoring and SCADA applications.
For more information regarding Globalstar, please visit Globalstar's web
site at http://www.globalstar.com
For further media information:
Safe Harbor Language for Globalstar Releases
This press release contains certain statements such as "Globalstar
expects to complete the launch of four additional Globalstar satellites prior
to her departure," 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 Globalstar's control, including demand for the Company's products and
services; problems relating to the construction, launch or in-orbit
performance of its existing and future satellites, problems relating to the
ground-based facilities operated by it or by independent gateway operators;
its ability to attract sufficient additional funding if needed to meet its
future capital requirements; 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; its 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 the Company undertakes no obligation to
update any such statements. Additional information on factors that could
influence Globalstar's financial results is included in its filings with the
Securities and Exchange Commission, including its report on Form 10-Q for the
quarter ended March 31, 2007.
For further information:
For further information: Dean Hirasawa of Globalstar, Inc.,
+1-408-933-4006, Dean.firstname.lastname@example.org Web Site: