Thursday, July 7, 2022

Pattern of Volatility for Globalstar, Inc. (NYSEMKT:GSAT)

Globalstar, Inc. (NYSEMKT:GSAT) shares have been flat in 2017, but recently new entrants are testing the water which is reflected in increased volume. These shares are tricky evidenced by last the 2016 August decline that took share price from $2.50 to .63 cents in a few weeks. So GSAT remains one to watch, but know that historical pricing shows a pattern of volatility.

The company announced recently that it will launch a new compression service for the satellite industry. The effort will include rolling out compression services developed by Yippy, Inc. (Nasdaq:YIPI) to Globalstar’s subscribers as well as providing this technology to other MSS providers and FSS operators. Yippy provides a compression technology platform that decrease load times for internet data sessions and document retrieval services from corporate intranets.

Globalstar, Inc. (NYSEMKT:GSAT) CEO, Jay Monroe, stated “Globalstar and Yippy are entering into another chapter of our relationship,”

“The rollout of this effort has been a major initiative for our satellite operations teams and last year we provided the service on a trial basis.  After months of rigorous testing, we have concluded that Yippy’s platform provides subscribers with a greatly enhanced data service experience. Additionally, we believe that the technology can be used by operators throughout the satellite industry and we look forward to working with other providers to integrate this technology into their platforms.”

The technology allows for the loading of web page content in seconds as opposed to minutes with many satellite devices. Using the Yippy EASE 360 platform, the service enhances the customer experience and enables downloads and uploads to be completed faster while maintaining a secure connection and reducing critical overhead on satellite networks.

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$GSAT 10-Day Chart Below.The compression technology has completed extensive qualification testing and verification and has recently concluded production level testing for Globalstar’s second generation network using the Hughes Network System radio access network and Ericsson core network. Other service providers will also have the ability to embed the technology into their respective networks starting this year.

“We look forward to providing our Duplex subscribers with an enhanced data service while also enabling other satellite carriers to substantially increase the number and usability of data sessions as subscribers access the web. We have proven that the compression platform materially reduces vital overhead allowing for an enhanced quality of service,” commented Jake Rembert, Vice President of US Sales, Globalstar.

“Satellite bandwidth is a finite asset, and most satellite providers have an immediate need to reduce bandwidth overhead per subscriber across their networks.  Our compression technology does just that, and is production ready for immediate consumption,” stated Richard Granville, CEO, Yippy Inc. “The typical internet website page downstream has now ballooned to more than 3MB and has been growing materially.  Satellite executives could not have forecast the extreme rise in concurrent user bandwidth utilization.  Even with the launch of enhanced satellites with expanded capacity, we believe compression will prove to be a vital asset to help meet subscriber usage demands.  This is not only true of commercial operators but also of government and military satellite networks,” concluded Granville.

Globalstar (NYSE:GSAT) is a leading provider of mobile satellite voice and data services. Customers around the world in industries such as government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring, SCADA and IoT applications. The Company’s products include mobile and fixed satellite telephones, and other related products.

My suggestion is to evaluate how the recent compression services are integrated into the business.  It seems YIPI has some good ideas, but you clearly want to avoid getting your foot in the tripwire which occurred in August of 2016. The company has a history of fumbling at the goal line. For continuing coverage on shares of $GSAT stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!


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