Globalstar (GSAT) announced Peiker and Globalstar have entered a strategic partnership to bring satellite-based emergency services and telematics capabilities to the automotive industry. The partnership enables Peiker to represent Globalstar in Europe and support Globalstar not only with the introduction and distribution in the European market, but act as a technical support partner in relevant projects. In addition, Peiker will contribute its own product development resources and initiatives to optimize the performance of Globalstar technologies for automotive applications.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSAT:
- Globalstar sees 2025 revenue $260M-$285M, consensus $278.2M
- Globalstar in deal with Hawk Network for wireless spectrum facilitation
- Globalstar Unveils Strategic Growth Plans and Updates
- Globalstar up 18% after Bloomberg report on satellite-enabled Apple Watch Ultra
- Garmin dips after Bloomberg report on sattelite-enabled Apple Watch Ultra