SPOT

Globalstar Announces First Quarter 2023 Results

Retrieved on: 
Friday, May 5, 2023
Carriers and Services, Software, Mobile, Wireless, Networks, Internet, Hardware, Data Management, IOT (Internet of Things), Technology, Security, Satellite, Other Technology, Telecommunications, OID, Testament, SPOT, VARS, Internet of things, Original equipment manufacturer, Australian Financial Review, GAAP, Qualcomm, Sale, ARPU, Public expenditure, EBITDA, Acquisition and Cross-Servicing Agreement, Partner, MG, Realm, Webcast, Architecture, Growth, Ecosystem, Commercial, Kagan, MDA, GSAT, NYSE, Duplex, Persistent organic pollutant, Mobile phone, Video game, Renewable energy, Bank, Television, Pharmaceutical industry, Globalstar

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended March 31, 2023.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended March 31, 2023.
  • Income from operations was $7.2 million during the first quarter of 2023 compared to loss from operations of $13.7 million during the first quarter of 2022.
  • Net loss decreased to $3.5 million for the first quarter of 2023 compared to $20.5 million for the first quarter of 2022.
  • We reiterate our previously issued financial guidance for full year 2023 (excluding revenue from terrestrial spectrum opportunities) with anticipated results included below.

New Generative AI Revolutionizes The Cannabis Industry

Retrieved on: 
Thursday, April 20, 2023
Education, SPOT, Synthetic media, ChatGPT, Multimedia, Generative, Knowledge, Growth, Drug, Online shopping, Oddworld: Abe's Oddysee

LAS VEGAS, April 20, 2023 /PRNewswire/ -- Green Rush Consulting ( https://www.greenrushconsulting.com/ ), a leading cannabis consulting firm, is proud to announce Oddysee ( https://oddysee.ai/ ), a new generative AI platform specifically designed for the cannabis industry.

Key Points: 
  • LAS VEGAS, April 20, 2023 /PRNewswire/ -- Green Rush Consulting ( https://www.greenrushconsulting.com/ ), a leading cannabis consulting firm, is proud to announce Oddysee ( https://oddysee.ai/ ), a new generative AI platform specifically designed for the cannabis industry.
  • Green Rush Consulting is proud to announce Oddysee, a new generative AI platform designed for the cannabis industry.
  • Unlike other AI platforms, which require strenuous amounts of data to generate basic responses, Oddysee is cannabis industry focused.
  • Oddysee is set to establish itself as a prominent contender in the fast-growing cannabis industry and Generative AI with the introduction of this cutting-edge technology.

The Digital Currency Monetary Authority (DCMA) Launches an International Central Bank Digital Currency (CBDC)

Retrieved on: 
Monday, April 10, 2023
Crypto, UMU, LLP, Executive, Interview, Protocol, SPOT, Policy, DLT, CBDC, Digital currency, White paper, Partner, DCMA, FX, International Monetary Fund, South Korean International Monetary Fund Agreement, 1997, DMCA, International law, MT103, IMF, Legislation, Cryptocurrency

WASHINGTON, April 10, 2023 /PRNewswire/ -- Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.

Key Points: 
  • WASHINGTON, April 10, 2023 /PRNewswire/ -- Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
  • Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.
  • In an IMF interview with Tobias Adrian, Financial Counsellor at the International Monetary Fund, he states "Cross-border payments can be slow, expensive, and risky.
  • Universal Monetary Unit is cryptocurrency reimagined from the ground up to support central banking and regulated financial institutions.

InventHelp Inventor Develops New Umbrella Design (SDB-1427)

Retrieved on: 
Wednesday, March 29, 2023
DEPT, Death, Multimedia, Accident, Pedestrian, SPOT, Safety, Sale, Road

The SPOT ME provides a quickly deployed method for pedestrians to alert drivers of their presence.

Key Points: 
  • The SPOT ME provides a quickly deployed method for pedestrians to alert drivers of their presence.
  • Any individual could use this twist on an umbrella design to help increase their safety.
  • The bright design resembling a "stop sign" would instantly alert a driver to the presence of a crossing pedestrian.
  • The original design was submitted to the San Diego, CA sales office of InventHelp.

InventHelp Inventor Develops New Umbrella Design (SDB-1427)

Retrieved on: 
Wednesday, March 29, 2023
DEPT, Death, Multimedia, Accident, Pedestrian, SPOT, Safety, Sale, Road

The SPOT ME provides a quickly deployed method for pedestrians to alert drivers of their presence.

Key Points: 
  • The SPOT ME provides a quickly deployed method for pedestrians to alert drivers of their presence.
  • Any individual could use this twist on an umbrella design to help increase their safety.
  • The bright design resembling a "stop sign" would instantly alert a driver to the presence of a crossing pedestrian.
  • The original design was submitted to the San Diego, CA sales office of InventHelp.

Globalstar Introduces Realm Cloud Mobile Device Management Platform

Retrieved on: 
Wednesday, March 8, 2023
Mobile, Wireless, Technology, Satellite, Telecommunications, Professional Services, Hardware, Data Analytics, Data Management, IOT (Internet of Things), Asset Management, Cloud, Integrity, Data management, NYSE, Ecosystem, MDM, API, GSAT, SPOT, VARS, Internet of things, Architecture, Maintenance, Glass, DevOps, Safety, Government, Satellite navigation device, Video game, Globalstar

Globalstar, Inc. (NYSE American: GSAT) today unveiled Realm Cloud, an agile mobile device and data management (MDM) platform designed to enable VARs and customers with all the capabilities required to solve speed-to-market needs for deploying and building customized asset tracking and telematics solutions while lowering the cost of ownership.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today unveiled Realm Cloud, an agile mobile device and data management (MDM) platform designed to enable VARs and customers with all the capabilities required to solve speed-to-market needs for deploying and building customized asset tracking and telematics solutions while lowering the cost of ownership.
  • Designed for an ever-evolving future, Realm Cloud offers easy-to-use device management capabilities, custom dashboards and API integrations with increased functionality.
  • Realm Cloud is the perfect tool to build on for current and future asset tracking device and data management needs, the company said.
  • “Realm Cloud brings next-level capabilities for Globalstar customers enabling faster time to market, lowering cost of total ownership while adding new functionality on an aggressive roadmap schedule,” said Chirag Patel, director of product management at Globalstar.

Globalstar Announces 2022 Financial Results

Retrieved on: 
Wednesday, March 1, 2023
Telecommunications, Satellite, Networks, Finance, Banking, Professional Services, Technology, Mobile, Wireless, Marketing, Human, Acquisition and Cross-Servicing Agreement, EBITDA, Depreciation, ARPU, Rocket Lab, ERP, Public expenditure, Information technology, NYSE, Internet of things, MG, SPOT, Maintenance, Partner, Software, Webcast, Q&A, Commercial, Growth, Total, MDA, GSAT, Kagan, Cryptocurrency, Pharmaceutical industry, Video game, Globalstar, Duplex

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2022.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2022.
  • "The events of 2022 altered the trajectory of Globalstar's future in a profound way for our shareholders, lenders, customers, partners, employees and anyone else with a vested interest in Globalstar," commented Dave Kagan, Chief Executive Officer of Globalstar.
  • In addition to meaningful operational highlights, we continue to report strong financial results, including 2022 annual revenue growth of 19%.
  • Jay Monroe, Globalstar Executive Chairman, added, "Yesterday we announced that Spain has authorized Globalstar to provide complementary terrestrial services over its mobile satellite spectrum via Band 53.

Educating Students and Saving Lives

Retrieved on: 
Thursday, February 23, 2023
Syringe, HIV, Fentanyl, CDC, Drug, Organization, SPOT, HCV, State, Heroin, Korea Disease Control and Prevention Agency, Accidental, Plasma protein binding, STI, COVID-19, Pharmaceutical industry, Naloxone

FORT LAUDERDALE, Fla., Feb. 23, 2023 /PRNewswire/ -- In 2022, Care Resource's Special Purpose Outreach Team (The SPOT), in response to several fentanyl overdoses, canvassed the beaches of Fort Lauderdale to warn spring breakers of a surge in recreational drugs laced with dangerous synthetic opioids like fentanyl. The SPOT street teams visited popular spring break hotspots to distribute educational materials and over 3,000 doses of naloxone, a drug known by the brand name Narcan, which can revive opioid overdose victims.

Key Points: 
  • This year, The SPOT has partnered with South Florida Wellness Network to expand its operation to reach more spring breakers.
  • "We expect thousands of spring breakers who aren't aware of the increase in recreational drugs being laced with fentanyl.
  • We plan on reaching more spring breakers this year and distributing more Narcan in hopes of saving additional lives," says Emelina Martinez, Safe Syringe Exchange Services Manager for The SPOT.
  • The more support we receive, the more lives we can save."

Verizon readies its network in Salt Lake City for celebrity exhibition basketball game

Retrieved on: 
Tuesday, February 14, 2023
DAS, Salt Palace, Salt Lake City International Airport, SPOT, High-pass filter, Distributed antenna system, Travel, Sound, University, Friends, Jon M. Huntsman Center, Family, Exhibition, City, SALT, Vivint Arena, Cable television, Engineering, Verizon Communications, Core city

SALT LAKE CITY, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Basketball fans in Salt Lake City have a lot to cheer about on and off the court thanks to Verizon network upgrades throughout the market.

Key Points: 
  • SALT LAKE CITY, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Basketball fans in Salt Lake City have a lot to cheer about on and off the court thanks to Verizon network upgrades throughout the market.
  • For fans planning to attend events at the Salt Palace, Jon M. Huntsman Center or Vivint Arena, or the many activities surrounding the events throughout the community, Verizon has made major network enhancements throughout Salt Lake City.
  • “We are working to ensure our customers can count on our network in Salt Lake City.”
    For visitors traveling to Salt Lake City, Verizon has permanent Distributed Antenna Systems (DAS) which provide 4G and 5G Ultra Wideband service throughout Salt Palace, the Huntsman Center and Vivint Arena and the Salt Lake City Airport.
  • So for customers living in or traveling to Salt Lake City for all the upcoming basketball action, Verizon has a network they can count on.

FocusPoint International Secures $20 Million Growth Capital Commitment to Expand Emergency SOS Solution

Retrieved on: 
Monday, February 20, 2023
Software as a service, Globalstar, Mobile World Congress, Bullitt Group, SPOT, Riot, Mobile, SAR, Motorola, Terrorism, SEND, Overwatch, Partnership, CES, Comment, Growth, Non-governmental organization, SOS, Principal, MWC, NTN, Mobile phone

When asked to comment on the relationship with FocusPoint, Globalstar's CEO, David Kagan said, "FocusPoint has successfully and effortlessly met every demand we've ever thrown at them.

Key Points: 
  • When asked to comment on the relationship with FocusPoint, Globalstar's CEO, David Kagan said, "FocusPoint has successfully and effortlessly met every demand we've ever thrown at them.
  • The committed capital comes as FocusPoint has secured several new commercial relationships in the satellite-enabled emergency SOS segment and has a strong pipeline that will be implemented over the next quarter.
  • FocusPoint is an agnostic player in the world of cellular and satellite-enabled emergency SOS services.
  • The growth capital secured by FocusPoint will be used to expand capacity and allow the company to take on new customers in the satellite-enabled emergency SOS space.