Globalstar Inc. reported that revenue from SPOT equipment sales increased 76 percent from the second quarter of 2013 thanks to the release of SPOT Gen3 and SPOT Trace, which were not available during the second quarter of 2013.
The satellite-based Gen 3 device, which is widely sold by outdoor sporting goods retailers, has become popular with backcountry enthusiasts looking for an inexpensive way to reach family or contact emergency rescue responders when outside of cell phone range. The Trace enables people to track the movement of motorcycles, boats, cars, planes, ATVs or other valuable property.
Globalstar provides mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, flexible airtime service packages and the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger.
