Globalstar (GSAT) announced that Paul Jacobs, founder and CEO of XCOM Labs, has been appointed CEO of Globalstar, effective immediately. Jacobs has also been appointed to Globalstar’s board of directors. He succeeds David Kagan, who will retire as Globalstar’s CEO. In conjunction with Jacobs’ appointment, Globalstar has also entered into a strategic perpetual licensing agreement for exclusive access to certain key XCOM technologies and personnel. The license covers a number of XCOM’s novel technologies for wireless spectrum innovations, including XCOMP, XCOM’s commercially available coordinated multipoint radio system. XCOMP delivers substantial capacity gains and other benefits in dense, complex, challenging wireless environments in sub 7 GHz spectrum. Globalstar also gains exclusive access to XCOM’s peer-to-peer connectivity technologies that could have applications across cellular and satellite devices.
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