Satellite Intelligence

 

Globalstar

A $3.26 billion project using 48 satellites in a circular orbit comprising 8 planes at an altitude of 1414 km.

GLOBALSTAR AWARDED FEDERAL GOVERNMENT SUPPLY CONTRACT FOR PURCHASE OF SATELLITE PHONES AND DATA PRODUCTS

Expanded contract replaces former basic ordering agreement


MILPITAS, CA., October 11 2006 -
Globalstar, Inc., a world leader in providing mobile satellite voice and data services to business, announced today that it has successfully completed negotiations with the U.S. General Services Administration (GSA) and has been awarded a Federal Supply Schedule Contract for the purchase of Globalstar satellite voice and data products. The new agreement is known as a multiple awards schedule (MAS) contract and can be used for federal, state, and local government agency purchases of Globalstar satellite communications hardware and airtime products. The five-year contract, which goes into effect immediately, contains options that could see it extended to a total of 15 years.

The new agreement provides for specific hardware and service discounts on purchases of Globalstar products made by various government agencies plus other GSA authorized eligible users and it replaces the previously used Basic Ordering Agreement (BOA). Although the agreement is not for a specific purchase of equipment, it does provide the various agencies and eligible users with a framework for the procurement of Globalstar satellite products and services.

“We are extremely pleased that the GSA has awarded Globalstar this contract because it effectively streamlines the government process of procuring satellite voice and data equipment and services by eliminating the sometimes redundant administrative costs associated with the previous basic order agreement,” said Tony Navarra, President of Global Operations for Globalstar, Inc. Mr. Navarra added, “Combined with our recent announcement regarding the Department of Defense, Globalstar is now more effectively positioned to provide all levels of government and other GSA approved users with satellite voice and data services. With this agreement we also look forward to a new marketing relationship with the GSA.”

Earlier this year Globalstar acknowledged a memorandum from the Assistant Secretary of Defense concerning a Department of Defense (DoD) amendment to its policy regarding the procurement of satellite communications equipment, providing the Department with the freedom and capability to purchase Globalstar and other satellite voice and data products for various unclassified government applications based in the continental United States.

For additional sales information regarding this agreement or for information regarding the government purchase of Globalstar products and services, please contact the Globalstar office in Washington, DC at (301) 361-0091 or Len Corasaniti via email at len.corasaniti@globalstar.com

GLOBALSTAR FILES FOR EXPANDED ATC AUTHORITY

Satellite service provider petitions FCC for the ability to use its entire satellite spectrum for ATC services

MILPITAS, Calif., June 23 2006 - Globalstar, a world leader in providing mobile satellite voice and data services to business, announced today that that it has filed an application with the U.S. Federal Communications Commission (FCC) for authority to use all of its assigned mobile satellite service (MSS) spectrum for Ancillary Terrestrial Component (ATC) services in the United States. Earlier this year, the FCC granted Globalstar the authority to use 11 MHz of its 1.6/2.4 GHz satellite radio frequencies for ATC. The latest Globalstar filing is a request by the company to use the remaining portion of its 27.85 MHz of MSS spectrum for ATC. In the filing, Globalstar “urges the Commission to initiate a rulemaking proceeding to revise section 25.149(a)(iii) of its rules to allow Globalstar to use all of its assigned spectrum in the 1610-1621.35 and 2483.5-2500 MHz bands to provide ATC services.” “Currently Globalstar is the only MSS operator that is not permitted to use its entire spectrum for ATC”, said Jay Monroe, Chairman and CEO of Globalstar, Inc. Mr. Monroe added, “This unequal treatment in the FCC’s rules places us at a disadvantage relative to our competitors and undermines the very goals that the FCC sought to advance when it adopted the ATC rules, which were to encourage the flexible use of the spectrum and provide ubiquitous wireless coverage in the US, especially during times of emergency.” With its current ATC authority, Globalstar can use 11 MHz of its satellite spectrum for a complementary terrestrial wireless service providing the satellite service provider with the ability to develop integrated mobile voice and data solutions virtually anywhere including urban areas and indoors. ATC solutions have the potential to provide wireless solutions for a wide variety of voice, broadband data and multi media wireless applications.
About Globalstar, Inc.
With over 200,000 activated satellite voice and data units, Globalstar offers high value, high quality satellite services to commercial and recreational users from virtually anywhere in more than 120 countries. 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 www.globalstar.com

GLOBALSTAR – THE NEXT GENERATION

Alcatel Alenia Space to begin study for design of Globalstar second-generation satellite constellation

MILPITAS, Calif., April 04 2006 - Globalstar, a world leader in providing mobile satellite voice and data services to business, announced today that it has signed a study agreement with European satellite systems leader Alcatel Alenia Space, for the design of the service provider’s next generation satellite constellation. Under the agreement Alcatel Alenia Space will conduct a study to evaluate a new Globalstar low-earth orbit or LEO satellite system, designed to replace the company’s current constellation.

Because Alcatel Alenia Space had a significant role in the design and production of the current Globalstar satellite system, the company already has a strong appreciation of Globalstar’s system requirements. Alcatel Alenia Space will perform an analysis of the company’s future requirements and propose a conceptual design for a next generation LEO constellation.

"Globalstar is pleased by Alcatel's strong commitment to our rapidly growing business”, said Jay Monroe, Chairman and CEO of Globalstar, Inc. Mr. Monroe went on to add, “Alcatel Alenia Space is uniquely positioned to provide Globalstar with a cost effective solution for a second generation LEO satellite system. Alcatel's demonstrated satellite and network telecommunications capabilities combine to offer Globalstar a highly competitive solution for meeting our future service needs."

Pascale Sourisse, President and CEO of Alcatel Alenia Space stated, “Alcatel has been partnering with Globalstar from the very early days. We are delighted to have been selected and this announcement demonstrates the continued confidence and trust that Globalstar has in our company.” Ms. Sourisse added, “As the only Space and Telecom expert, Alcatel is also very pleased to be given the opportunity to participate in Globalstar’s future Ancillary Terrestrial Component (ATC) service and to assist with an integrated satellite and terrestrial network.”

The current Globalstar constellation provides satellite voice and data service coverage to over 120 countries around the world. The relative proximity of the LEO constellation enables the Globalstar signals to travel quickly, resulting in clear and reliable communications, without any perceptible voice delays. Alcatel Alenia Space participated in the design of the complete first generation Globalstar system and was responsible for the supply of satellite payloads, structures, heat control elements and part of the gateways as well as satellite integration.

About Globalstar, Inc.
With over 200,000 activated satellite voice and data units, Globalstar offers high value, high quality satellite services to commercial and recreational users from virtually anywhere in more than 120 countries. 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 www.globalstar.com

About Alcatel Alenia Space
Alcatel Alenia Space is the European leader in satellite systems, at the forefront of orbit infrastructures. Created in July 2005, the company brings together the vast experience and know-how of Alcatel Space and Alenia Spazio to form a new leading force in European space technology. Alcatel Alenia Space represents a worldwide standard for space development that impacts everybody’s future: from navigation to telecommunications, from meteorology to environmental monitoring, from defence to science and observation. Alcatel Alenia Space is an Alcatel (Paris: CGEP.PA and NYSE: ALA) (67%) and Finmeccanica (Milan:SIFI.MI, FNC.IM) (33%) company.

GLOBALSTAR IS GRANTED FCC AUTHORITY FOR THE IMPLEMENTATION OF ANCILLARY TERRESTRIAL COMPONENT OR ATC

Approval paves way for Globalstar to offer seamless satellite/terrestrial wireless solutions for government and industry

MILPITAS, Calif., January 23 2006 - Globalstar LLC (GLLC), a world leader in providing mobile satellite voice and data services to business, announced today that it has been granted authority from the U.S. Federal Communications Commission (FCC) to offer Ancillary Terrestrial Component services (ATC) in the U.S. in conjunction with its mobile satellite services. In its release, the FCC stated that “GLLC is AUTHORIZED to operate ATC base stations and mobile terminals in accordance with the terms, conditions, and technical specifications set forth in its application.” The FCC went on to say that the decision “will serve the public interest, convenience, and necessity.” Globalstar is now capable of developing and offering ATC over its existing satellite constellation, using small portable lightweight, fully featured, dual mode handsets.

ATC authority allows Globalstar to use 11 MHz of its 1.6/2.4 GHz satellite radio frequencies for a complementary terrestrial wireless service permitting the company to develop integrated mobile voice and data solutions virtually anywhere including urban areas and indoors. With ATC approval, Globalstar can offer a ubiquitous and seamless wireless solution for various voice, broadband data, and multi media wireless applications. Globalstar may potentially offer an all IP overlay network to various terrestrial wireless operators who currently only offer voice and low rate data services. Globalstar will then have the capability to offer enterprise business solutions with reduced dependence on the wireline network and decreased or eliminated, corresponding long distance charges.

Globalstar demonstrated the feasibility of ATC service in New York and Washington in July 2002 by pairing a modification of its dual mode satellite/cellular phone with a small, transportable base station. ATC base stations will be similar in size and cost to cellular base stations and can be either fixed in one location or transportable for temporary operation.

Using terrestrial ATC base stations and/or repeaters to complement the satellite service, Globalstar will be able to offer services in indoor or downtown urbanized areas that have traditionally limited mobile satellite coverage. Globalstar’s primary ATC applications will be the enhancement of wireless service in urban areas, where buildings and other infrastructure can physically block satellite signals, and the provisioning of self-contained, transportable local area networks for remote locations or where communications are disrupted during disasters and emergencies.

FCC approval for ATC will also provide Globalstar with the opportunity to develop increased capacity, a broader customer base, and consequently economies of scale and increased pricing flexibility, not available to a satellite only provider. Globalstar is also currently participating in various foreign regulatory forums in order that it may apply for similar ATC products and service type approvals in other countries.

Globalstar can now accelerate the development of its ATC service for first responders and other government and commercial customers who may require seamless satellite and terrestrial voice and data access, either temporarily or as part of their telecommunications infrastructure.

Because of its ability to provide both cellular type and satellite communications, ATC product has the potential to become a valuable tool for emergency first responders, especially when challenged with disruptions in the local terrestrial or cellular networks. “The five successive hurricanes of 2004 plus the severity of last year’s hurricane season underscored the need for reliable communications in the event of an emergency,” said Jay Monroe, CEO and Chairman of Globalstar LLC. Monroe went on to add, “we are extremely pleased with the decision made by the FCC, for it will allow Globalstar to continue its leadership role in the development of inexpensive, innovative communications solutions for emergency preparedness and worldwide business applications. It will also provide Globalstar with the mandate to continue to grow the overall satellite marketplace by expanding the scope of voice and broadband data solutions.”

Globalstar Reports Results for Fouth Quarter and Full Year 2001

San Jose, California, April 16, 2002 - Globalstar, the global mobile satellite telephone service provider, today released its results for the fourth quarter and full year ending December 31, 2001. During the fourth quarter, the company saw continued growth in service usage among maritime and other vertical industries, though overall usage declined largely due to seasonal fluctuations. The estimated number of mobile and fixed Globalstar subscribers rose to 66,000 at the end of 2001, an increase of 12% from the previous quarter.

Globalstar L.P.'s net loss applicable to ordinary partnership interests increased to $184 million in the fourth quarter of 2001, compared with a net loss of $129 million in the third quarter. The increased loss was due principally to one-time costs relating to restructuring and other activities.

All Globalstar gateways remain in operation, processing all calls as usual, and the company plans to further expand service coverage in the future. In the year 2001, the company introduced service across Turkey, Central Asia, and previously unserved portions of the Middle East and Brazil, and it also expanded coverage across several maritime areas, including portions of the Pacific Ocean between Korea, Japan and Taiwan, as well as across the Tasman Sea and the Caribbean.

'Globalstar continues to provide reliable, high-quality satellite phone service,' said Olof Lundberg, chairman and CEO of Globalstar. 'With our reorganization filing in February, our restructuring has now begun in earnest. We have achieved several initial milestones, including granting of our first day motions, and we remain committed to completing this work within this year. We look forward to emerging from the restructuring process as a new, vibrant company.

'At the same time, our regular business is not standing still. While the restructuring goes on, we are expanding into new geographic regions, and we are developing and introducing new products and services. Once our restructuring is complete, including fully consolidating some gateway operations and implementing new marketing and pricing plans, we expect the pace of market penetration and sales to increase substantially.'

Financial Results
A full discussion of Globalstar's financial performance for the fourth quarter and full year can be found in the company's Annual Report on Form 10-K, to be filed shortly with the U.S. Securities and Exchange Commission. Highlights are as follows:
  • For the full year 2001, Globalstar recorded a 260% increase of minutes of use (MOUs) to 23.9 million from 6.6 million in 2000. The company recorded a total of 7.0 million MOUs, including both mobile and fixed service, in the fourth quarter, representing a 6% decrease in traffic over the previous quarter. Much of this decline was due to a slowdown in usage during the year-end holiday period, a trend that was noted during the same period in 2000. For the full year 2001, total revenues increased 75% to $6.4 million. Total revenue increased to $1.6 million in the fourth quarter, up from $1.5 million in the third quarter, largely reflecting Globalstar acquisition of the majority interest in the Canadian service provider operation in mid-December. Globalstar took extensive measures throughout 2001 to reduce operating costs, including an overall reduction in headcount. As had been announced earlier, headcount was reduced from 439 at the beginning of the year to 124 by year-end. Globalstar ended the year with $55.6 million cash on hand, and at the time of Globalstar's bankruptcy filing, February 15, 2002, the company had approximately $46 million in cash.
  • Globalstar, L.P. (GLP) reported a net loss applicable to ordinary partnership interests for the quarter of $184 million, compared with the previous quarter's loss of $129 million, and a loss of $602 million for the full year, compared with a loss of $3.8 billion in 2000, which reflected a one-time $2.9 billion write-down of company assets. The current quarter's loss is equivalent to $2.82 per partnership interest, which converts to a loss of $0.50 per share of Globalstar Telecommunications Limited (GTL). For the full year, GLP's loss is equivalent to $9.26 per partnership interest, for a loss of $1.54 per share of GTL.


Restructuring Plan
In mid-February 2002, Globalstar filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Delaware, and the company is continuing to work with its creditors and the court to finalize a formal business plan aimed at restructuring the company's finances and allowing the newly organized company to successfully emerge from the Chapter 11 process. Globalstar expects to submit this business plan to the Court during the second quarter of 2002, and, assuming the plan is accepted, the company intends to emerge from the bankruptcy process as rapidly as possible.

Under this plan, Globalstar believes it can achieve cash flow breakeven with less additional funding than would have been required under the company's earlier business model. The company is currently in discussions with a number of potential investors to meet this requirement.

Sales and Marketing Operations
In the fourth quarter, Globalstar saw a drop in overall usage in part due to year-end holidays when many business users slowed their operations. Nevertheless, the company has continued to add subscribers in several key markets. In South Korea, for example, Globalstar's local service provider, Dacom, has seen a substantial rise in call traffic due to an increased focus on the commercial maritime market. Dacom is also in discussion with Japanese regulatory authorities to introduce Globalstar service in that country.

Mr. Lundberg said, 'While we continue to see strong interest in Globalstar service around the world, in late 2001 many potential customers indicated to us that they were holding back on purchase decisions until our financial picture becomes more clear. Now that we have initiated the formal restructuring process, we have started the process of rebuilding.'

In the fourth quarter of 2001, the company achieved several new milestones in the area of sales and marketing, including:

  • Globalstar's service provider in Italy, Elsacom, announced that Globalstar fixed maritime phone units were being installed on all major vessels across the entire fleet of the Italian Navy. Roaming agreements continued to be implemented between gateway operators, bringing the overall system close to ensuring true universal roaming anywhere that Globalstar service is available. Customers today can generally roam from their home location to most other major geographic areas, and full universal roaming is expected to be a feature of the new business plan now under development as part of Globalstar's restructuring. Data software was introduced in Telit phones, making data services available for the first time from a Globalstar/GSM handset. Data services have been available over the Qualcomm GSP-1600 handset, used in CDMA/AMPS markets, since late 2000. In early 2002, Sea Tel, a major maritime telecommunications vendor, introduced the MCM-3, a 28.8 kbps terminal for use with the Globalstar system, and AeroAstro, a producer of small satellites and related technology, has begun development with Globalstar of a very small simplex modem for use in remote sensing and asset tracking applications. Usage of Globalstar service across maritime industries and seagoing naval vessels continued to climb, and in the fourth quarter this sector represented nearly 20% of Globalstar's service revenue. This confirms the very high utility of the Globalstar service to this important market segment, at an extremely competitive price. Interest in Globalstar service continued to grow for public safety. In late 2001, Globalstar signed a contract to provide 1,500 phones to the National Communications System, a consortium of federal departments and agencies within the U.S. Government responsible for emergency telecommunications preparedness. Many of the phones are already in use, and recently served as a backup communications network for law enforcement and security officials during the 2002 Winter Olympics. In the fourth quarter, Qualcomm held a number of public demonstrations of its MDSS Globalstar communications system, which can provide high-capacity data, voice and video communications to and from commercial aircraft for security and avionics applications.
  • In late 2001, Globalstar acquired the equity stakes in Globalstar's Canadian service operations previously owned by Vodafone Group Plc., and steps are being taken to acquire further equity in these operations from Loral Space & Communications. Globalstar is also in the process of acquiring from Vodafone full ownership of Globalstar USA and Globalstar Caribbean, subject to FCC and other regulatory approvals. These steps are part of the company's overall strategy of consolidating operations in key markets to provide greater integration and control over sales and marketing activities.


System Update
The satellite constellation continues to perform well with high rates of call retention and call completion. Over the past 13 months, seven of the company's 48 operational satellites experienced anomalies and were taken out of service. However, three of the satellites rapidly recovered and two more are showing signs of recovery. Only two satellites have been declared failed, and they have been replaced by two on-orbit spares. A third on-orbit spare was put into service pending recovery work of one anomalous satellite.

As a result, by the end of April, the Globalstar constellation will have 47 satellites in operation with one on-orbit spare, and the company continues to work toward the recovery of the two remaining satellites. Meanwhile, in spite of these anomalies, service availability has been at 97.92%, with services interruptions of only a few minutes per day and generally only in lower and higher latitudes. With one or possibly more spares available, the company expects to eventually restore the constellation to its full 48-satellite configuration, eliminating service outages completely.

# # #

Globalstar, Creditors Finalize Agreement On Debt Restructuring and New Business Model

Company Makes Chapter 11 Filing; Satellite Telephone Service To Continue Uninterrupted

San Jose, California, 15 February 2002 - Globalstar L.P. announced today that it has reached agreement with several of its major creditors to restructure the company's debt and, in order to facilitate the timely completion of the restructuring, has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Delaware.

Normal company operations and customer support will continue uninterrupted while Globalstar operates under Chapter 11 protection, and the company intends to continue providing its telecommunications services in the normal course.

Today's announcement follows a November 14, 2001, regulatory filing in which Globalstar disclosed the likelihood of a Chapter 11 filing, pointing out that demand for the company's service has continued to grow but that the cost of servicing the company's debt had outpaced Globalstar's revenues.

'This filing is an important first step in establishing a new Globalstar with renewed credibility, enabling it to address new business opportunities and to further broaden our customer base,' said Olof Lundberg, chairman and CEO of Globalstar. 'Potential customers have told us that we need to demonstrate financial viability and a commitment to the future. Now with this step, we're ready to begin. Our major creditors are on board, and we hope to complete the restructuring process rapidly, returning to expanding the use of both our current voice and data satellite services and, with new partners, develop new products.

'I want to assure our 66,000 customers that Globalstar remains very much open for business. With the cooperation of our gateway operators and local service providers, customers can expect normal operations and our usual high quality of service as we progress through the reorganization process,' Mr. Lundberg added.

The proposed restructuring plan, which will be submitted for Court approval, calls for the establishment of a new Globalstar company which will take ownership of all of Globalstar L.P.'s existing assets, including its satellite constellation and related operations. In addition, the new company will acquire all equity stakes in three of its service providers - Globalstar USA, Globalstar Caribbean, and Globalstar Canada - that were originally held by Vodafone Group Plc and Loral Space & Communications. Acquisition of equity in Globalstar USA and Globalstar Caribbean are subject to FCC and other regulatory approvals.

Under this plan, the new company will initially be owned by Globalstar L.P.'s existing bondholders and other unsecured creditors, with the option later to issue additional shares for sale to gateway operators outside of the U.S. and Canada who may wish to invest in the new company.< br>
The reorganization plan also calls for the cancellation of all existing partnership interests in Globalstar L.P., including partnership interests held by the publicly traded Globalstar Telecommunications Limited (GTL). As the company has cautioned earlier in public announcements and SEC filings, this action will likely leave shares in GTL with very little or no value. The restructuring plan also contemplates a rights offering to common shareholders in GTL and to GLP creditors which could give them the option to purchase shares in the new company. There can be no assurance at this time whether such a rights offering can be achieved, and it would in any case be subject to review and approval by Globalstar's creditors and the bankruptcy court.

As part of the agreement with its major creditors, Globalstar said it will begin implementing a new business model, which will broaden its business opportunities and accelerate the acquisition of new customers. Initial steps of the new business plan include:

  • Aggressively priced service, using existing system capacity and phone inventories to build cash flow. Service packages will be aimed in particular at volume usage and multiple phone units, covering both voice and data services.

    Consolidation of selected gateways into the new Globalstar company, allowing Globalstar to assume responsibility for marketing and operations in several of its largest markets. Globalstar L.P. had already initiated this process by agreeing in December 2001 to acquire most of Vodafone Group Plc's North American Globalstar-related assets, which will now be transferred to the new company. This will create greater operating efficiencies, lowering the overall cost of delivering service to customers, and avoiding duplication of functions at each service provider while at the same time allowing Globalstar to capture the full retail revenue stream in these markets.

    Marketing efforts that will be focused on high-potential countries and customer segments, primarily enterprise customers, and with particular attention to aviation, maritime and government services. Recent events have highlighted the utility and value of mobile satellite telephony, not only in crisis situations but also in day-to-day applications relating to security, defense, and civil emergency preparedness.

    Use of new 2GHz radio spectrum recently granted to Globalstar by the U.S. Federal Communications Commission (FCC). The company will explore opportunities to utilize this valuable asset in both existing and new applications and in terms of evolution to a second generation system.
  • Pursuit of new business opportunities that will evolve out of more flexible spectrum utilization rules following a favorable outcome of the FCC's current Notice of Proposed Rulemaking (NPRM) proceedings relating to air traffic control.

As part of Globalstar's work to develop its restructuring plan over the past several months, it has substantially reduced its operating expenses. As a result, the company today has approximately $46 million of cash on hand, significantly more than its original projections from a year earlier. The final restructuring will likely require some new investment to provide enough funds to carry the company through to a cash flow breakeven point, although the company's new lower cost structure calls for substantially less additional funding than would have been necessary under the company's earlier business model. The company is currently in discussions with possible investors to meet this investment requirement, although there can be no assurance as to the timing, likelihood or amount of any such investment.
< br> In the meantime, Globalstar continues to make progress in strengthening and expanding its business and customer base to create a firm foundation for the new, restructured company. Recent achievements include:

  • Expansion of service coverage throughout Central Asia, including Afghanistan. Globalstar service is already being used extensively in this region to support medical and humanitarian programs.
    < br> Finalization of plans to ship and construct a second gateway in China. Upon completion, the new Lanzhou gateway, together with the existing Beijing gateway, will provide service coverage across over 80% of the country.

  • Sale of over 1,000 phones to the U.S. government for use in domestic security, including communications support at the 2002 Winter Olympics in Salt Lake City.

Globalstar's Chapter 11 filing and business model announcement result from an extended business review begun in January 2001, when the company announced that it was suspending payments of interest and principal on all of its funded debt, including its credit facilities, vendor financing agreements and Senior Notes, as well as dividend payments on its preferred stock, and that it had engaged The Blackstone Group to assist it in exploring strategic alternatives.

The Company's informational filings with the Court are available to the public at the office of the Clerk of the Bankruptcy Court, 824 Market Street, Wilmington, DE 19801 (tel: 1-888-667-5530). The filings will also be available electronically, for a fee, through the Court's Internet website at www.deb.uscourts.gov (Case Nos. 02-010499, 02-010501, 02-010503, 02-010504). < br>
# # #

San Jose, CA, and Herndon, VA, March 20, 2002 - To meet the growing demand for low-cost, remote monitoring of business assets, Globalstar, the world's most popular handheld satphone service, and AeroAstro, one of the world's leading providers of small satellites and related technology products, are now developing a new, very low cost simplex data modem for remote sensing and asset tracking via satellite. An initial demonstration of the new product is scheduled for late-summer 2002.

The new modems will be part of a system that combines Globalstar's satellite communications network with AeroAstro's Sensor Enabled Notification System (SENS) technology, allowing sensing or tracking data to be sent from remote locations via satellite and over the Internet to the customer. These modems will provide businesses with an economic solution to remotely and automatically track the movement and condition of assets, such as shipping containers, or to monitor environmental data such as pipeline temperature and pressure or utility use.

By sending data over the Globalstar satellite network and through SENS decoders at the Globalstar gateways, the modems will enable reliable data transmissions in real-time from locations far beyond the reach of any ground-based network - a combination of features never before available in such a low-cost unit.

'Globalstar is continuing to broaden its portfolio of products and services, bringing affordable and innovative satellite communications applications to an ever wider range of customers,' said Paul Thomas, Globalstar vice president of data products and services. 'These new simplex modems developed in partnership with AeroAstro will be an economically attractive solution for all manner of businesses who need to manage distant fixed and mobile equipment - from pipeline operators and electric power transmission companies to trucking and maritime cargo shippers.'

Wednesday October 20 1999

Globalstar has announced the successful launch of an additional four low-earth-orbiting (LEO) satellites, bringing the total number of Globalstar satellites now in space to 44.

The latest four Globalstar satellites, manufactured by prime contractor Space Systems/Loral, were launched today at 9:32 AM EDT, aboard a Soyuz-Ikar launch vehicle from the Baikonur Cosmodrome in Kazakhstan.

Globalstar, which has just begun a phased roll-out of its service, remains on schedule to launch a further eight satellites on two launches in November and December to complete its planned constellation of 48 satellites and four in-orbit spares.

All four Globalstar satellites from today's launch were separated from the upper stage of the rocket at an altitude of 920 kilometers (571 miles) above the Earth. Flight engineers at Globalstar's ground control center in San Jose, Calif., subsequently acquired the satellites using the six Globalstar telemetry command unit gateways located in Aussaguel, France; Yeoju, South Korea; Dubbo, Australia; Bosque Allegre, Argentina; Delareyville, South Africa; and Clifton, Texas. Globalstar engineering teams will raise these satellites to their operational altitude of 1,414 kilometers (877 miles) over the next several weeks.

Of the two remaining launches, the first will take place in November from the Baikonur Cosmodrome in Kazakahstan. The final four satellites are scheduled to be launched this year from Cape Canaveral aboard a Delta II rocket in December.

The Globalstar system is designed to provide affordable satellite-based digital voice services to a broad range of subscribers and users. Globalstar will meet the needs of cellular users and global travelers who roam outside of cellular coverage areas, as well as residents of under-served markets who will use Globalstar's fixed-site phones to satisfy their needs for basic telephony.

Globalstar, led by founding partner Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including Alenia, China Telecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), Hyundai, Qualcomm Incorporated, TE.SA.M (a France Telecom/Alcatel company), Space Systems/Loral, and Vodafone AirTouch. For more information, visit Globalstar's web site at www.globalstar.com.

Loral Space & Communications  is the managing partner and, at 45 percent, is the largest equity owner of Globalstar. Loral is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services, and international direct-to-home satellite services. For more information, visit Loral's web site at www.loral.com.

The project received a setback when 12 satellites were lost with the failure of the Zenith 2 rocket in September 1998. The project has also run into problems with disagreements between the US and Russia about launching from a military base. The service is planned to commence with only 32 satellites, some time before the end of 1999. 33 gateways are planned, with five completed. By the middle of 1999 nine gateways will be operational, in the US, China, Canada, France, Italy, Russia, Argentina, Korea and South Africa. It is hoped that 16 gateways, covering 45% of the world will be operational by the end of 1999. Early 2000 is scheduled as the period for full service.

Globalstar needs an additional $565 million before it can commence commercial service.

Partners include Loral Qualcomm, AirTouch Communications, DACOM/Hyundai, France Telecom/Alcatel, Daimler Benz, Vodafone, Alenia Spazio, Elsag Bailey,Finmeccania, Space System/Loral

48 LEO satellites plus 8 in orbit spares, in circular orbit, comprising eight planes, at an altitud of 1414km and an inclination of 52 degrees.

User Uplink freq: 2.4835 - 2.5 GHz    User Downlink freq: 1.61- 1.6265 GHz

Feeder Uplink freq: 5.025 - 5.225 GHz   Feeder Downlink freq: 6.875 -7.075 GHz

Voice 2400 bit/s   Data 9600 bit/s

Globalstar is targeted towards underdeveloped countries with none, or poor wireline and cellular services.

Web Site: http://www.globalstar.com

Last Update: March 2002

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