Globalstar, Inc. (NYSE American: GSAT) shares soared 49.13% to $0.5898in the extended session after its business partner Nokia has signed an agreement with Tide works Technology to provide a Band 53 signal the Seattle Port Terminal 5. Globalstar and Nokia have collaborated on the second deployment at a U.S. port.
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Jay Monroe, Executive Chairman of Globalstar, commented, “We are enthusiastic about the opportunity to partner with TiTide works Nokia again using Band 53 to give better performance, security, and long-term value to customers.”
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The Band 53 ecosystem has been developed in conjunction with several priority partners like Nokia. Our global partners can now make use of Globalstar’s Band 53 as an excellent mid-band spectrum resource, which enables them to offer more value-added services to customers otherwise unable to access licensed spectrum. The combination of Globalstar’s Band 53 authorizations and Nokia’s global reach presents an excellent opportunity for wireless security solutions.
Globalstar is the leading provider of customized satellite IoT satellite solutions for customers from around the world.