Dallas, Texas 03/10/2014 (FINANCIALSTRENDS) – Globalstar, Inc. (OTCMKTS:GSAT) which is a $780 million market capped wireless communications firm has been ramping up its efforts to generate good press as it application to get listed on the NASDAQ and the NYSE are scrutinized by the respective browsers.
At the time of announcing the filing of its application with the stock exchanges, it’s CEO and Chairman Jay Monroe had been quoted to have said that, “We are pleased to be in a position to list on one of these two prestigious exchanges in the near future. Our stockholders want enhanced trading liquidity and market visibility, and we look forward to completing this process as soon as possible in order to meet their requests.”
In the run up to the listing, the firm has been working towards maintaining a steady flow of positive developments getting featured in the trade magazines. The latest such announcement was its release of a new transmitter which operates on the lowest power consumption in its category. The transmitter called “STX3 global simplex transmitter” has been designed to be a 24X7 available transmitter which does not need regular maintenance or human intervention and is on auto pilot mode for many months in a stretch. The small coin sized transmitter is available at a low cost, and is a seamlessly integrate able solutions which various value added resellers and original equipment manufacturers can leverage to develop new age devices which will further help the mobile industry evolve cost effective infrastructure.
The chip has been designed to offer solutions to various industrial sectors including in transportation of Liquid petroleum, remote meter applications and other remote tracking devices. This has been possible due to the engineering feat achieved by the R&D team of Globalstar, Inc. (OTCMKTS:GSAT) which has managed to develop a small sized chip which is almost 1/3rd the size of its best competition.