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TMCNet:  Globalstar Europe Satellite Services signs VAM agreement with KFT

[December 11, 2012]

Globalstar Europe Satellite Services signs VAM agreement with KFT

Dec 11, 2012 (Datamonitor via COMTEX) -- Globalstar Europe Satellite Services Ltd., a provider of mobile satellite voice and data services, has signed a value added manufacturer, or VAM, agreement with KFT SpA of Merone, Italy.

KFT has developed a fully integrated M2M tracking device using the Globalstar STXII chip set. This device will be marketed to the defence, government, maritime, transportation and mining sectors within Europe, Eastern Europe and the Middle East.

Globalstar is currently planning to launch six additional LEO (low-earth orbit) satellites in early February 2013, completing its second-generation satellite launches. The Globalstar second-generation satellite constellation is designed to support the Company's current line-up of voice, Duplex and Simplex M2M data products and services including its suite of SPOT retail consumer products. The new satellites are designed to last for 15 years, twice the lifespan of Globalstar's first-generation satellites, Globalstar said.

"We are delighted to be working with KFT and expanding Globalstar's reach into Eastern Europe and the Middle East with this revolutionary new M2M tracking device," said Mark O'Connell, Director European Sales & Business Operations, Globalstar Europe Satellite Services Ltd. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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