Globalstar Announces Strategic Alliance With XCOM Labs
February 17 2021 - 9:00AM
Business Wire
Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the
“Company”) today announced the formation of a global strategic
alliance with XCOM Labs (“XCOM”). Globalstar and XCOM will jointly
seek to commercialize XCOM’s capacity-multiplying technology with
Globalstar’s Band n53 for dense 5G deployments in the US and in
other countries where Globalstar has terrestrial rights.
Jay Monroe, Globalstar Executive Chairman commented, “The
Company’s global mid-band spectrum portfolio is a significant asset
and we welcome the great minds at XCOM and their technology to help
us realize its full potential. Our strategy for maximizing the
value of this asset is to continue to partner with the best
companies possible to bring unique technologies and applications to
market utilizing Band n53. Today’s announcement represents a
substantial leap forward in this effort.”
XCOM is an innovative wireless technology company founded by
Paul Jacobs, Derek Aberle and Matt Grob, former senior leadership
at Qualcomm. XCOM’s leadership and talented engineering team helped
develop and commercialize many of the technologies that are at the
heart of today’s smartphones. The XCOM team has a history of
acquiring spectrum and developing technologies that significantly
increased the value of that spectrum. With spectrum costs
increasing, as evident from the recent CBRS and C-Band auctions,
Globalstar believes XCOM’s capacity boosting and scaling techniques
will make its mid-band spectrum an attractive offering for 5G New
Radio (NR) based services. This alliance with XCOM will add
expertise to all aspects of Globalstar’s future commercial and
regulatory efforts.
Paul Jacobs, Founder and CEO of XCOM said, “I have worked with
Jay and Globalstar for many years and on many exciting projects. I
am eager to embark on this new opportunity to drive XCOM’s growth
while helping to accelerate the deployment of Globalstar’s spectrum
resources. XCOM’s technology and products will offer significant
capacity gains for dense deployments of greater than 4x compared to
existing solutions with gains scaling even further up as additional
hardware is deployed. This will greatly increase the utility of
Band n53, allowing it to carry the traffic and subscriber load
which previously required a much wider channel. Future mobile users
in dense and dynamic environments will benefit from the combination
of our technology and Globalstar’s licensed spectrum. Tomorrow’s
machines, both autonomous and remotely controlled, and services
like augmented and virtual reality, will enjoy superior performance
utilizing the combination of XCOM’s technology and Band n53.”
Pursuant to this agreement, XCOM and Globalstar will work
together to commercialize specific terrestrial Band n53 networks in
dense traffic environments such as arenas, airports, multi-tenant
buildings and industrial deployments in all geographies where
Globalstar has secured terrestrial authority.
About Globalstar, Inc.
Globalstar is a leading provider of customizable Satellite IoT
Solutions for customers around the world in industries such as oil
and gas, transportation, emergency management, government, maritime
and outdoor recreation. A pioneer of mobile satellite voice and
data services, Globalstar solutions connect people to their devices
and allow businesses to streamline operations providing safety and
communication and enabling mobile assets to be monitored remotely
via the Globalstar Satellite Network. The Company's Commercial IoT
product portfolio includes industry-acclaimed SmartOne asset
tracking products, Commercial IoT satellite transmitters and the
SPOT® product line for personal safety, messaging and emergency
response, all supported on SPOT My Globalstar, a robust cloud-based
enhanced mapping solution. Learn more at Globalstar.com.
About XCOM Labs, Inc.
XCOM Labs is a San Diego-based wireless technology company
founded by a seasoned executive team with a proven track record of
helping to create a $100B+ business based upon a world-leading
wireless innovation engine. At XCOM Labs, we have assembled a
highly-accomplished team of leading wireless engineers to solve the
toughest wireless challenges. Our team led many of the most
important aspects of the 3G/4G/5G technology evolutions and the
foundations of wireless XR. Our solutions enable Industry 4.0,
Private and Federal Networks as well as commercial service
providers. Our technologies and products also are a force
multiplier for available licensed and unlicensed spectrum. XCOM
Labs works with operator, vendor and ecosystem partners to solve
complex real-world problems in dense user/traffic venues and
campuses, Mobile Edge Computing, AR/VR, Industrial IoT, Robotics
and Drones. Our belief is that the best way to predict the future
is to invent it and we will #keepinventing.
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version on businesswire.com: https://www.businesswire.com/news/home/20210217005597/en/
USA Public Relations / General Media Inquiries: Denise Davila
Email: denise.davila@globalstar.com Phone: +1-985-335-1538
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