Bullish option flow was detected in GSAT stock on January 20, 2021.

Make sure to review this lesson on options trading so that you understand the chart above.

SPOT LLC, a wholly-owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and leader in satellite messaging and emergency notification technologies, announced its partnership with monthly subscription box service, Battlbox. As part of the partnership, Battlbox Pro Box subscribers will receive a SPOT Gen4, the next generation of the SPOT Satellite GPS Messenger™, with up to 6 months of service.

The SPOT Gen4 is part of an award-winning product portfolio that provides an affordable and vital communication line with friends, family, colleagues, and the GEOS International Emergency Response Coordination Center (IERCC) using GPS location satellite connectivity powered by Globalstar.

“The partnership with Battlbox is a great fit for SPOT since we share a common audience that loves outdoor recreation, adventure and off-the-grid travel for work or pleasure,” said Dave Kagan, CEO of Globalstar, Inc. “Through their dedicated subscriber base, we’re able to introduce our product to a wider audience and drive the importance of a product like the Gen4 for safety and connectivity.”

The perfect accessory to any winter sport or activity, the SPOT Gen4 has features that include:

  • Enhanced Design – The new Gen4 has a sleek new look, with improved grip and secure design features that snap in place. It’s rugged, but small and includes a new multi-use carabiner and strap.
  • IP68 Rating– Offers increased dust and water resistance, up to 30 minutes at two meters.
  • SPOT Mapping – Live and historical maps to view your SPOT locations for a minimum of three years. Optional upgrades available to meet user-defined mapping needs.
  • Map Layers – View your map in light or dark mode, satellite, open street map or terrain.
  • Alerts – User set and system generated for emergency or custom messages, new movement, no movement, check in and help.
  • Shared Views – Unlimited shared views with easy interface to share a live or historical location.
  • Customized Position Icons – Ability to distinguish location points by SPOT product.
  • Geofencing – Create your own virtual geographic boundaries and set custom movement alerts upon entry or exit.

To date, nearly 7,500 rescues have been attributed to SPOT satellite technology, with nearly 6,000 rescues occurring in the hiking and winter sports category alone. With more and more individuals seeking socially distant and safe recreational activity, the need for a life-saving device like SPOT is essential.

Within the United States, the majority of SPOT rescues occur in California (18%), followed by Colorado (12%), Utah (7%) and Alaska (6%). Most winter rescue incidents encompass activities including snowmobiling and motor vehicle related incidents, medical, mountain sports and hiking incidents.

Coverage:

SPOT provides ubiquitous satellite coverage, including Canada, United States, Mexico, Europe, Australia, Northern and Southern Africa, portions of South America and North-Eastern Asia as well as hundreds of thousands of miles offshore. See our coverage map for additional global coverage details.

Pricing and Product Availability Information:

SPOT Gen4 is available online at FindMeSpot.com and at retailers nationwide. The device retails for $149.99 with a variety of service plans available, beginning at $11.95 per month.

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 7,500 rescues worldwide.

On January 13, 2021, Globalstar, Inc. (NYSE American: GSAT) signed a commercial agreement with Ceres Tag, to supply satellite services to the livestock industry through the world’s first and only smart ear tag for traceability provenance, biosecurity, health, animal welfare, production improvement and theft reduction.

This agreement follows Ceres Tag’s recent success in winning the SVG Ventures THRIVE Challenge and their ear tag being named as the #1 Big Breakthrough Technology for Ag Change in the Next Decade by the AgJournal of Weekend Australian.

The Ceres Tag platform uses the unique capabilities of Globalstar to produce a small and light weight (just over one ounce) smart ear tag that attaches to the animal and automatically sends the data to the cloud via the Globalstar Satellite Network.

The Ceres Tag requires no infrastructure, no maintenance and has a battery capable of lasting the lifetime of an animal making it the lowest cost, scalable, plug and play option for ranchers to produce better performing animals at a greater profit.

David Smith, CEO of Ceres Tag, commented, “With over 1 billion cattle in the world and a similar number of sheep and goats, we now have a low-cost limitless way to monitor our animals. There has never been a more important time to know where your food has come from than during this pandemic.”

The unique relationship with Globalstar enables Ceres Tag to supply an automated daily recording of animals including world exclusive capabilities on pasture feed intake, which is primary to determining feed efficiency, genetic selection and managing of greenhouse gas. Traceability, biosecurity, performance, health and welfare have never been under more scrutiny than they are now.

David Kagan, CEO of Globalstar Inc., commented, “We saw an immediate match between Globalstar and Ceres Tag to deliver this unique monitoring capability to over 80% of the world’s livestock that are located in remote locations where there is no infrastructure and where you may only see the animals once or twice a year.”

Smith also commented, “Ceres Tag is quickly becoming one of the world’s most comprehensive animal monitoring companies with a wildlife and pet platform, also well developed in the pipeline and due for launch in 2022.”

Kagan added, “With this partnership, Globalstar will be one of the world’s largest providers of LEO satellite enabled IoT solutions. This partnership builds on a strategy of unlocking the full scalability of devices across several sectors. Animal monitoring is one of these areas in which we see significant growth opportunity.”

Ceres Tag will launch May 1, 2021 at the Beef Australia Exhibition in Rockhampton Queensland Australia and will be available for purchase from their online ecommerce website for delivery worldwide. Initial market focus will be Australia/New Zealand and North America.

Ceres Tag is a privately held leading comprehensive animal monitoring company using automated direct to satellite information from their unique miniature proprietary on animal sensors. Ceres Tag is setting new standards for timely knowledge of monitoring for traceability provenance, biosecurity, health, animal welfare, supply chain production improvement, theft reduction, finance and insurance securitization of livestock, equine, wildlife and pets for their owners and custodians.

finviz dynamic chart for  gsat
close

Don’t miss these catalysts!

We don’t spam! Read our privacy policy for more info.