|By PR Newswire||
|April 3, 2014 07:00 AM EDT||
NEW YORK, April 3, 2014 /PRNewswire/ -- Globalstar, Inc. (OTCQB: GSAT) is the subject of a new analyst research report. GSAT is a provider of mobile satellite voice and data services in more than 120 countries. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. GSAT customers include: the oil and gas, mining, forestry, commercial fishing, utility, transportation and heavy construction industries along with government and emergency preparedness agencies and the military.
CEO Jay Monroe appeared on CNN recently, letting viewers know that an augmented version of its ASD-2 system, run through the Globalstar satellite network could have tracked Malaysian flight 370, or any plane it was installed in, on a constant basis.
In February the company announced it filed applications with both the NASDAQ Stock Market and the New York Stock Exchange to list its common stock for trading. Globalstar believes it currently meets all eligibility requirements of NYSE MKT, with the exception of the duration period above the minimum closing share price requirement. Both NYSE and NASDAQ are initiating reviews of the Company's listing eligibility. GSAT was formerly traded on the NASDAQ, but was delisted in December 2012 for not maintaining the $1.00/share price minimum.
GSAT is in a rapidly growing business with high technology costs, not only for improved and new satellites but the gateways on earth the satellites communicate through. Generating enough cash flow and industry competition may be reason for concern.
A full report on GSAT that includes risk factors, industry review, financial position, potential revenues, and review of current business model, competition breakdown, and analyst summary, can be viewed by using the following link:
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