SPOT Announces New Licensing Partnership with the Jeep® Brand
April 16 2020 - 8:30AM
Business Wire
Three-year licensing initiative aligns brands
to provide safety and peace of mind
SPOT, LLC, a wholly owned subsidiary of Globalstar, Inc. (NYSE
American: GSAT) and a leading provider of satellite messaging and
emergency notification technologies, today announced a licensing
deal with the Jeep® brand. As part of an effort to expand its
footprint in the overland adventure market, Globalstar is
developing an exclusive new line of Jeep and SPOT™ co-branded
products.
SPOT offers off-road enthusiasts and back-country adventurers’
critical connectivity in remote areas of the world. Products
include emergency response and international S.O.S. services,
giving peace of mind to hundreds of thousands of users globally. To
date, SPOT has achieved over 7,000 rescues, in more than 100
countries.
“The Jeep brand is one of the most recognized in off-roading
with enthusiasts who often transition to hiking and mountain
climbing, all of which would benefit by staying connected while off
the grid,” said Dave Kagan, CEO of Globalstar. “We are proud to
announce this new partnership and look forward to future
collaborations in the years to come.”
"Expanding the Jeep brand's licensing portfolio to now include
Globalstar extends the brand's ability to offer its customers
endless opportunities to pursue their adventures once the road
ends, in a connected and safe manner,” said Kim Adams House, Head
of Licensing and Merchandising, FCA.
The partnership is expected to drive consumer awareness of SPOT
through cross-promotional opportunities while exploring new
distribution channels. SPOT expects to have these products
available in all their distribution channels starting in 2Q
2020.
About SPOT:
SPOT LLC, a subsidiary of Globalstar, Inc., provides affordable
satellite communication and tracking devices for recreational and
business use. SPOT messaging devices use both the GPS satellite
network and the Globalstar Satellite Network to transmit and
receive text messages and GPS coordinates. Since 2007, SPOT has
provided peace of mind by allowing customers to remain in contact
with family, friends and co-workers, completely independent of
cellular coverage and has helped initiate over 7,000 rescues
worldwide. For more information, visit FindMeSPOT.com.
Note that all SPOT products described in this press release are
the products of SPOT LLC, which is not affiliated in any manner
with Spot Image of Toulouse, France or Spot Image Corporation of
Chantilly, Virginia. SPOT Connect is a trademark of Spot LLC. All
other trademarks are the property of their respective owners.
About Jeep:
Built on more than 75 years of legendary heritage, Jeep is the
authentic SUV with class-leading capability, craftsmanship and
versatility for people who seek extraordinary journeys. The Jeep
brand delivers an open invitation to live life to the fullest by
offering a full line of vehicles that continue to provide owners
with a sense of security to handle any journey with confidence.
The Jeep vehicle lineup consists of the Cherokee, Compass,
Gladiator, Grand Cherokee, Renegade and Wrangler. To meet consumer
demand around the world, all Jeep models sold outside North America
are available in both left- and right-hand drive configurations and
with gasoline and diesel powertrain options. Jeep is part of the
portfolio of brands offered by global automaker Fiat Chrysler
Automobiles. For more information regarding FCA (NYSE: FCAU/ MTA:
FCA), please visit www.fcagroup.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200416005115/en/
Media Contact: Denise Davila Corporate Communications Manager,
Globalstar Denise.Davila@Globalstar.com 985-335-1655
Globalstar (AMEX:GSAT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Globalstar (AMEX:GSAT)
Historical Stock Chart
From Sep 2023 to Sep 2024