Globalstar, Inc. · NASDAQ:GSAT
Globalstar — Investor Presentation (2017)
32 slides from Globalstar's investor presentation, Aug 2, 2017
Slide 1: Globalstar Overview
GlobalStar* Be Heard. Globalstar Overview 2017
Slide 2: Table of Contents
Table of Contents 1) Mobile Satellite Services Business 2) Terrestrial Authority for Globalstar’s Licensed 2.4GHz Spectrum 2
Slide 3: 1) Mobile Satellite Services Business
1) Mobile Satellite Services Business Unsaved Document / 2/22/2012 / 17:42 3
Slide 4: Company Overview
Company Overview Globalstar is a Louisiana-based provider of Mobile Satellite Services (“MSS”) with a full product suite supporting both one-way and two-way communications beyond the range of traditional cellular services ● Headquartered: Covington, LA ● Founded in 1991 as a partnership between Lora
Slide 5: Globalstar Satellite Constellation
Globalstar Satellite Constellation ● 8 planes, 3 satellites each; 114-minute orbit period ● 70 S to 70 N latitude coverage; minimum two satellite coverage in temperate zones How are satellites configured? ● High signal quality and availability – dynamic power control for changing conditions, coheren
Slide 6: First-Generation vs. Second-Generation Satellites
First-Generation vs. Second-Generation Satellites First-generation satellites Second-generation satellites Satellite life ● 7.5 Years ● 15 Years Data speeds ● 9.6 kbps (uplink and downlink) ● Up to 256 kbps (uplink and downlink) Relative system ● 140+ ● 100 throughput Supporting ● IP-based WCDMA ● C
Slide 7: Globalstar Bent-pipe Architecture
Globalstar Bent-pipe Architecture The Globalstar network has a “bent-pipe” architecture with the “brains” of the system located on the ground. Thus, the network can be more easily upgraded to ensure that customers always have the most technologically advanced mobile satellite services. C-Band L-Band
Slide 8: Globalstar's Successful Launch Campaign
Globalstar’s Successful Launch Campaign Globalstar is the first MSS provider to successfully launch a second-generation constellation of LEO satellites, years ahead of its competition Oct ‘10 July ‘11 Dec ‘11 Feb ‘13 Four successful launches Launch All new satellites providing full commercial se
Slide 9: Globalstar Ground Stations and Office Locations
Globalstar Ground Stations and Office Locations Globalstar’s Footprint Moscow, Russia Novosibirsk, Russia Dublin, Ireland Wasilla, Alaska Khabarovsk, Russia Smith Falls, Canada High River, Canada Toulouse, France T Mississauga, Canada Aussaguel, France Milpitas, CA Covington, LA (Headquarters) Ogulb
Slide 10: Globalstar's Upgraded Ground Network
Globalstar’s Upgraded Ground Network Globalstar’s upgraded ground network will allow for improved voice and data transfer speeds as well as the development of enhanced new products Key vendors Scope of work Benefit to Globalstar ● New chipsets will significantly lower the cost of Globalstar handsets
Slide 11: Key Elements of Second-Generation Ground Network
Key Elements of Second-Generation Ground Network Increased Data Speeds Gateway Diversity Downlink throughput increased from 9.6 to up to Expands coverage footprint 256 kbps Increases service quality Enables new applications including web browsing Improves call completion rates 25x curren
Slide 12: Core MSS Addressable Market
Core MSS Addressable Market No terrestrial network Failure of terrestrial network Existing terrestrial network Asset tracking / low cost Areas outside Critical mobile satellite services alternative to international cellular networks during disasters roaming Connectivity to two billion people Pro
Slide 13: Globalstar's Select Product Portfolio
Globalstar’s Select Product Portfolio Globalstar has a full product suite supporting both one-way and two-way communications beyond the range of traditional cellular services Duplex SPOT Simplex GSP 1700 / SPOT Sat-Fi SPOT Gen3 SPOT Trace STX3 SmartOne B Global Phone Image Portable two-way Conne
Slide 14: Satellite Product Evolution
Satellite Product Evolution Existing / Legacy Product Line New Products: Second-Generation GSP 1600 GSP 1700 Commercial Sat-Fi Sat-Fi 2 Inexpensive product that turns any Wi-Fi enabled device into a satellite phone Duplex Targets the mass market consumers Expected release date: 1H 2017 Satelli
Slide 15: Sat-Fi 2
Sat-Fi 2 Satellite communications device that turns any smartphone, laptop or tablet into a satellite phone / global data device Wi-Fi Sat-Fi 2 Sat-Fi 2 Features and Benefits ● An inexpensive Hughes-based mass market product that connects any Wi-Fi enabled device to Globalstar’s satellite network fo
Slide 16: SPOT X
SPOT X Two-way messaging device with SPOT Tracking and SOS functionality One-way Two-way SPOT X SPOT Personal Tracker SPOT 2 SPOT Gen3 Features and Benefits ● First-of-its-kind qwerty keyboard SPOT device that allows subscribers to send and receive SMS messages along with the traditional tracking an
Slide 17: 2) Terrestrial Authority for Globalstar's Licensed 2.4GHz Spectrum
2) Terrestrial Authority for Globalstar’s Licensed 2.4GHz Spectrum Unsaved Document / 2/22/2012 / 17:42 17
Slide 18: Globalstar Licensed 2.4 GHz Technical Overview
Globalstar Licensed 2.4 GHz Technical Overview U.S. RESOURCE 11.5 MHz of Nationwide Spectrum within the 2.4 GHz band with superior propagation and throughput characteristics. Represents 3.7 Billion MHz-POPs PRIMARY USE CASES High Density Dedicated Non-Macro Cell Deployments (e.g. Pico, Femto, and Re
Slide 19: FCC Report & Order Summary
FCC Report & Order Summary Single nationwide terrestrial authority No build out requirements or sharing obligations Report & Order Substantial revisions to gating criteria – must offer satellite service for a fee Highlights Commercial OOBE limits at edges of 11.5 MHz terrestrial band to prot
Slide 20: Globalstar Terrestrial Authority Timeline
Globalstar Terrestrial Authority Timeline Terrestrial Authority Timeline Review Nov 13, 2012 Globalstar Files Petition for Rulemaking Jan 20, 2013 Initial & Reply Comments Filed Sep 5, 2013 FCC Circulates Notice of Proposed Rulemaking (“NPRM”) Internally Nov 1, 2013 FCC Unanimously Votes For and Rel
Slide 21: Mobile Data Demand and the RF Spectrum Resource
Mobile Data Demand and the RF Spectrum Resource Between 2013 and 2020, conservative projections indicate that mobile data demand will have grown by a factor of 30. Given the finite nature of available RF spectrum for mobile applications, no realistically achievable amount of new spectrum resource wi
Slide 22: Globalstar 2.4 GHz as a Small Cell Resource
Globalstar 2.4 GHz as a Small Cell Resource The Globalstar terrestrial band provides 11.5 MHz (3.7 Billion MHz-POP) across the entire United States. As a resource for LTE networks, Globalstar 2.4 GHz is unique in its support of small cell deployment. The band holds physical, regulatory, and ecosyste
Slide 23: Spectrographic View of Globalstar 2.4 GHz
Spectrographic View of Globalstar 2.4 GHz Due to favorable propagation characteristics, the globally harmonized unlicensed band at 2.4 GHz is both a uniquely important and polluted allocation. The 11.5 MHz licensed terrestrial allocation in Globalstar spectrum has been established under highly prote
Slide 24: The Need for Dedicated LTE Small Cell Spectrum
The Need for Dedicated LTE Small Cell Spectrum Small cell dominated network topologies are essential to meeting wireless capacity demands. However, sharing spectrum across both macro and small cell layers introduces interference limitations that severely compromise network performance. Globalstar li
Slide 25: Scarcity of Dedicated LTE Small Cell Spectrum
Scarcity of Dedicated LTE Small Cell Spectrum Conventional commercial wireless network allocations must meet minimum population coverage requirements, which effectively prohibits the exclusive use of most carrier spectrum for small cell. In addition, low frequency carrier spectrum is not physically
Slide 26: Licensed 2.4 GHz Small Cell Impact
Licensed 2.4 GHz Small Cell Impact Small cell represents the most viable method of meeting the next wave of capacity requirements. At 2.4 GHz, physical and regulatory advantages enable the resource to produce multiples of the capacity possible on macro cellular spectrum in the same environment. Even
Slide 27: Globalstar 2.4 GHz LTE Ecosystem for Devices
Globalstar 2.4 GHz LTE Ecosystem for Devices Transceiver technology has evolved significantly since Globalstar’s original TLPS proposal. Whereas the RF chipset ecosystem of 2012 was highly inflexible and unable to accommodate LTE services in Globalstar spectrum, current and anticipated radio archite
Slide 28: Globalstar 2.4 GHz LTE Ecosystem for Infrastructure
Globalstar 2.4 GHz LTE Ecosystem for Infrastructure For conventional FD-LTE spectrum, transceivers used for infrastructure and devices are fundamentally different. This means that bulk quantities of transceivers and peripheral components (e.g., filters) may not be used to improve the economy of smal
Slide 29: The Performance Benefits of TD-LTE vs. FD-LTE
The Performance Benefits of TD-LTE vs. FD-LTE Symmetrically paired spectrum is an artifact of early 1G / 2G networks, where uplink and downlink bandwidth consumption was identical. Today, data usage is strongly biased towards the downlink. TDD (Time Domain Duplex) spectrum permits adjustment of the
Slide 30: Representative Performance: Small Cell LTE vs. 802.11 Wi-Fi
Representative Performance: Small Cell LTE vs. 802.11 Wi-Fi While 802.11 is a favorable protocol for many applications, LTE is a superior standard. This is especially true for carrier grade services that require low latency and consistent performance in high traffic environments. In moving to TD-LTE
Slide 31: International Potential for Globalstar 2.4 GHz
International Potential for Globalstar 2.4 GHz Due to the Company’s position as an MSS provider, the Globalstar spectrum footprint is consistent across all international regulatory domains. Following the recent FCC conclusion, Globalstar expects to expand its terrestrial authority in key internation
Slide 32: Key Value Drivers
Key Value Drivers Diverse product and service offerings across consumer, commercial and government markets MSS New product offerings – inexpensive consumer mass market Sat-Fi, Operations two-way simplex and two-way SPOT devices Operational focus materially expanded to include new territories s