Mobile/Wireless
Search documents
Globalstar Announces Construction of New Ground Station in Talkeetna, Alaska and Expansion of Existing Ground Station in Wasilla, Alaska
Businesswire· 2025-10-20 13:16
Core Points - Globalstar, Inc. announced the construction of a new ground station in Talkeetna, Alaska, and the expansion of its existing ground station in Wasilla, Alaska, to support its third-generation mobile satellite services across Northern United States and Canada [1][2] - The new installations will include two 6-meter tracking antennas in Talkeetna and two additional antennas in Wasilla, enhancing service quality and redundancy for mobile satellite connectivity, including IoT and D2D solutions [2][3] - This expansion is part of a global initiative to deploy up to 90 new tracking antennas for Globalstar's third-generation C-3 Satellite System, representing a significant investment in network functionality and capacity [3] Company Overview - Globalstar is a next-generation telecommunications provider that utilizes a low Earth orbit (LEO) satellite constellation and licensed Band 53/n53 spectrum to deliver reliable satellite and terrestrial connectivity solutions [4][6] - The company serves business, enterprise, and consumer markets globally, focusing on applications that track and protect assets, enable automation, and enhance operational efficiency [6]
Edgewater Wireless Reports First Quarter Fiscal Year 2026 Financial Results and Provides Corporate Update
Businesswire· 2025-09-30 02:07
Core Viewpoint - Edgewater Wireless Systems Inc. reported its financial results for Q1 FY2026, highlighting progress in its Spectrum Slicing technology, securing non-dilutive funding, and enhancing capital structure flexibility [1][4]. Financial Summary - As of July 31, 2025, Edgewater reported cash of C$622,753, with current assets of C$909,936 and current liabilities of C$1,623,803, resulting in a working capital deficiency [4]. - The company recorded a net loss of C$359,956 for the quarter, with a basic and diluted loss per share of C$0.002, driven by operating expenses of C$359,736 [4][6]. Business Highlights - The company executed a capital-efficient plan focusing on its Spectrum Slicing silicon/IP strategy and strengthening ecosystem engagement [2]. - Edgewater received approximately C$921,000 from the FABrIC program, contributing to a C$2.4 million development project [5]. - The company completed the packaging of its RF front-end and initiated prototyping of an Arm-powered AI subsystem [5]. Capital Structure and Funding - Edgewater received TSXV approval to extend the maturity of its 2022 unsecured convertible debentures from September 1, 2025, to September 1, 2027, with an acceleration provision if the VWAP reaches C$0.18 for 10 consecutive trading days [5]. Outlook and Priorities - The company aims to commercialize Spectrum Slicing through silicon/IP licensing and reference designs, with near-term priorities including advancing baseband and AI subsystems and deepening service-provider engagements [7].