Globalstar Announces Expansion of Leadership Team

COVINGTON, La.--(BUSINESS WIRE)-- Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced two new leaders for its terrestrial spectrum and network solutions and wholesale satellite capacity businesses.

The terrestrial spectrum and network solutions business aims to deliver transformative, innovative private wireless network solutions enabled by Globalstar’s XCOM RAN and Band n53 assets. The wholesale satellite capacity business aims to broaden access to Globalstar’s satellite solutions for consumers through strategic wholesale partnerships.

The terrestrial spectrum and network solutions business will be led by Dr. Tamer Kadous, Vice President and General Manager. Kadous brings over two decades of experience in wireless communications, having previously served as Vice President of Wireless Engineering at XCOM Labs and Senior Director of Engineering at Qualcomm. He holds a Ph.D. in wireless communications and is a graduate of the Wharton School's General Management Program.

“Dr. Tamer Kadous has been instrumental in building XCOM RAN technology from its earliest days, and he has already demonstrated success in integrating this product into our portfolio, greatly expanding our capabilities in terrestrial and private networking solutions,” Globalstar CEO Dr. Paul E. Jacobs said. “His creativity, drive and commitment to the strategy of co-development with lead customers has resulted in a commercial offering built for a fraction of the cost of competing solutions. His deep technical expertise and leadership experience are invaluable as we scale our capabilities.”

The wholesale satellite capacity business will be led by Daaman Hejmadi, Vice President and General Manager. Prior to joining Globalstar, Hejmadi held various executive positions, including Vice President of Engineering at Qualcomm, where he revolutionized Qualcomm’s development landscape by transforming the Bangalore design center from a small augmentation team to a roughly 4,000-head engineering powerhouse, contributing roughly $12 billion of revenue. He also served as a corporate vice president at Intel, where he managed 10,000 engineers across 30+ sites to propel the recovery of Intel’s process technology leadership by creating a development platform for their customers and contributing roughly $10 billion of revenue.

“We are pleased to announce that Daaman Hejmadi will be joining Globalstar as our new Vice President and General Manager of the wholesale satellite capacity business,” Jacobs said. “He brings over 30 years of experience in the telecommunications industry with broad technical and management experience, and a sharp focus on customer needs. Hejmadi has a long track record of building and managing high performing organizations to deliver highly complex technical products at scale, with predictable, high quality, and repeatable results.”

About Globalstar, Inc.

Globalstar empowers its customers to connect, transmit, and communicate smarter – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s low Earth orbit ("LEO") satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation internet of things ("IoT") hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com.

Safe Harbor Language for Globalstar Releases

Certain statements contained in this press release other than purely historical information, including, but not limited to, statements relating to our business plans, objectives and expected operating results, our ability to integrate the licensed technology into our current line of business, the success of current and potential future applications for our terrestrial spectrum, the expected growth prospects of our existing customers and the markets that we serve, our ability to attain the anticipated benefits of strategic partnerships, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “aims,” “will,” “will be,” “strategy,” and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Risks and uncertainties that could cause or contribute to such differences include, without limitation, those described under Item 1A. Risk Factors of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s other filings with the SEC. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release to reflect actual results, future events or circumstances or changes in our assumptions, business plans or other changes.

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Media Contact:

Alisa Moloney

Alisa.Moloney@globalstar.com

Source: Globalstar, Inc.