GLOBALSTAR, INC. (NYSEMKT:GSAT) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
press release to report financial results for the fourth quarter
and year ended December 31, 2016. The text of the press release
is furnished as Exhibit 99.1 to this Form 8-K. In addition, on
February 23, 2017, the Company will hold a teleconference for
investors to discuss these financial results. The teleconference
is webcast on the Companys website at www.globalstar.com. The
documents available on, and the contents of, our website are not
incorporated by reference into this Report.
Exhibit attached hereto is furnished to the rules and regulations
of the Securities and Exchange Commission and shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act
of 1934 (the Exchange Act) or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933 or
the Exchange Act, except as expressly set forth by specific
reference in such a filing.
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99.1
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Press release dated February 23, 2017
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About GLOBALSTAR, INC. (NYSEMKT:GSAT)
Globalstar, Inc. provides mobile satellite services, including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved 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. GLOBALSTAR, INC. (NYSEMKT:GSAT) Recent Trading Information
GLOBALSTAR, INC. (NYSEMKT:GSAT) closed its last trading session down -0.07 at 1.36 with 3,216,911 shares trading hands.
