STOCK TITAN

Globalstar Partner Global Telesat Communications Sees Massive 35% YoY Growth in SPOT and Satellite IoT Device Sales in 2024

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Global Telesat Communications (GTC), a Globalstar reseller and NextPlat Corp subsidiary, reported a 35% year-over-year increase in Globalstar SPOT and satellite IoT device sales in 2024. GTC sold over 10,800 Globalstar devices in 2024, reaching a total of 45,000 device sales overall by May 2024.

The growth was primarily driven by sales of SPOT Gen4, SPOT X, SPOT Trace, and SmartOne C satellite IoT transmitters. GTC attributes the success to SPOT's user-friendly features and competitive pricing. Customers include both individual consumers and organizations, such as utilities suppliers, civil and national defence organizations, and humanitarian aid NGOs operating in unstable regions.

The company also reported strong demand for commercial IoT devices, particularly the SmartOne C transmitter, with a notable implementation in oil and gas pipeline monitoring.

Global Telesat Communications (GTC), rivenditore di Globalstar e filiale di NextPlat Corp, ha riportato un aumento del 35% anno su anno nelle vendite dei dispositivi Globalstar SPOT e IoT satellitari nel 2024. GTC ha venduto oltre 10.800 dispositivi Globalstar nel 2024, raggiungendo un totale di 45.000 vendite di dispositivi complessivamente entro maggio 2024.

La crescita è stata principalmente guidata dalle vendite di SPOT Gen4, SPOT X, SPOT Trace e trasmettitori IoT satellitari SmartOne C. GTC attribuisce il successo alle caratteristiche user-friendly di SPOT e ai prezzi competitivi. I clienti includono sia consumatori individuali sia organizzazioni, come fornitori di servizi pubblici, organizzazioni di difesa civile e nazionale, e ONG di aiuto umanitario che operano in regioni instabili.

L'azienda ha anche riferito di una forte domanda per i dispositivi IoT commerciali, in particolare per il trasmettitore SmartOne C, con una notevole implementazione nel monitoraggio delle pipeline di petrolio e gas.

Global Telesat Communications (GTC), un distribuidor de Globalstar y subsidiaria de NextPlat Corp, reportó un aumento del 35% interanual en las ventas de dispositivos Globalstar SPOT y IoT satelitales en 2024. GTC vendió más de 10,800 dispositivos Globalstar en 2024, alcanzando un total de 45,000 ventas de dispositivos en general hasta mayo de 2024.

El crecimiento fue impulsado principalmente por las ventas de SPOT Gen4, SPOT X, SPOT Trace y transmisores IoT satelitales SmartOne C. GTC atribuye el éxito a las características fáciles de usar de SPOT y a los precios competitivos. Los clientes incluyen tanto consumidores individuales como organizaciones, como proveedores de servicios públicos, organizaciones de defensa civil y nacional, y ONG de ayuda humanitaria que operan en regiones inestables.

La empresa también reportó una fuerte demanda de dispositivos IoT comerciales, en particular del transmisor SmartOne C, con una notable implementación en el monitoreo de oleoductos y gasoductos.

글로벌 텔레샛 커뮤니케이션(GTC)는 Globalstar의 리셀러이자 NextPlat Corp의 자회사로서 2024년 Globalstar SPOT 및 위성 IoT 장치 판매가 전년 대비 35% 증가했다고 보고했습니다. GTC는 2024년에 10,800개 이상의 Globalstar 장치를 판매하여 2024년 5월까지 총 45,000개의 장치 판매를 기록했습니다.

성장은 주로 SPOT Gen4, SPOT X, SPOT Trace 및 SmartOne C 위성 IoT 송신기 판매에 의해 주도되었습니다. GTC는 SPOT의 사용자 친화적인 기능과 경쟁력 있는 가격 덕분에 성공했다고 설명했습니다. 고객은 개인 소비자와 공공설비 공급업체, 민간 및 국가 방위 조직, 불안정한 지역에서 활동하는 인도적 지원 NGO와 같은 조직을 포함합니다.

또한 이 회사는 상업용 IoT 장치에 대한 강한 수요, 특히 SmartOne C 송신기와 관련된 수요를 보고했으며, 이는 석유 및 가스 파이프라인 모니터링에서 뚜렷한 구현을 보여주었습니다.

Global Telesat Communications (GTC), un revendeur de Globalstar et filiale de NextPlat Corp, a annoncé une augmentation de 35 % d'une année sur l'autre des ventes de dispositifs Globalstar SPOT et IoT par satellite en 2024. GTC a vendu plus de 10 800 dispositifs Globalstar en 2024, atteignant un total de 45 000 ventes de dispositifs d'ici mai 2024.

Cette croissance a été principalement alimentée par les ventes de SPOT Gen4, SPOT X, SPOT Trace et des transmetteurs IoT par satellite SmartOne C. GTC attribue son succès aux fonctionnalités conviviales de SPOT et à des prix compétitifs. Les clients comprennent à la fois des consommateurs individuels et des organisations telles que des fournisseurs de services publics, des organisations de défense civile et nationale, ainsi que des ONG humanitaires opérant dans des régions instables.

L'entreprise a également signalé une forte demande pour les dispositifs IoT commerciaux, en particulier le transmetteur SmartOne C, avec une mise en œuvre notable dans la surveillance des pipelines de pétrole et de gaz.

Global Telesat Communications (GTC), ein Reseller von Globalstar und Tochtergesellschaft von NextPlat Corp, berichtete von einem 35%igen Anstieg im Jahresvergleich bei den Verkäufen von Globalstar SPOT und Satelliten-IoT-Geräten im Jahr 2024. GTC verkaufte über 10.800 Globalstar-Geräte im Jahr 2024 und erreichte bis Mai 2024 insgesamt 45.000 Geräteverkäufe.

Das Wachstum wurde hauptsächlich durch die Verkäufe von SPOT Gen4, SPOT X, SPOT Trace und SmartOne C Satelliten-IoT-Sendern angetrieben. GTC führt den Erfolg auf die benutzerfreundlichen Funktionen von SPOT und die wettbewerbsfähigen Preise zurück. Zu den Kunden zählen sowohl Einzelverbraucher als auch Organisationen wie Versorgungsunternehmen, zivil- und nationalen Verteidigungsorganisationen sowie humanitäre Hilfs-NGOs, die in instabilen Regionen tätig sind.

Das Unternehmen berichtete zudem von einer starken Nachfrage nach kommerziellen IoT-Geräten, insbesondere dem SmartOne C-Sender, mit einer bemerkenswerten Implementierung im Bereich der Überwachung von Öl- und Gas-Pipelines.

Positive
  • 35% YoY growth in device sales for 2024
  • Achieved milestone of 10,800 Globalstar devices sold in 2024
  • Reached 45,000 total Globalstar device sales
  • Expanding customer base across multiple sectors
  • Strong demand for commercial IoT devices
Negative
  • None.

Insights

The reported 35% year-over-year growth in device sales through GTC represents a significant milestone for Globalstar's distribution strategy and market penetration. With 10,800 devices sold in 2024, this performance indicates robust demand across multiple sectors and suggests several positive implications for GSAT's business model:

The sales momentum is particularly noteworthy in three key aspects:

  • The high-margin recurring revenue potential from service subscriptions attached to these devices, which typically generate 3-5 years of steady cash flow
  • Diverse customer base expansion across consumer, enterprise and government sectors, reducing revenue concentration risk
  • Strong traction in critical infrastructure monitoring (oil and gas pipelines) through SmartOne C sales, indicating growing industrial IoT adoption

The success in the UK market through GTC, reaching a cumulative 45,000 Globalstar device sales, demonstrates the scalability of GSAT's partner-led distribution model. This is particularly relevant as the global satellite IoT market is projected to grow at a CAGR of 21.9% through 2028.

The increasing adoption by humanitarian NGOs and organizations operating in politically unstable regions also opens up new market opportunities, especially given the recent geopolitical tensions driving demand for reliable communication solutions. The emphasis on ease of use and competitive pricing suggests a strong product-market fit that could support continued growth trajectory.

The success of SmartOne C in industrial applications, particularly in pipeline monitoring, highlights Globalstar's strong positioning in the critical infrastructure sector. Key technological advantages driving this adoption include:

  • Long battery life and robust design suitable for remote deployment
  • Global coverage through satellite connectivity, eliminating cellular infrastructure dependencies
  • Cost-effective monitoring solution compared to traditional SCADA systems

The diversification between consumer safety devices (SPOT) and industrial IoT solutions (SmartOne C) creates multiple revenue streams and demonstrates Globalstar's ability to serve both B2C and B2B markets effectively. This dual-market strategy provides resilience against sector-specific downturns and leverages common technological infrastructure across product lines.

The pipeline monitoring use case is particularly significant as it represents a massive market opportunity - the global pipeline monitoring systems market is expected to reach $8.7 billion by 2026. Globalstar's ability to secure large-scale deployments in this sector suggests strong competitive positioning against both traditional monitoring solutions and emerging IoT platforms.

Customers of leading UK-based specialist reseller purchased over 10,800 Globalstar devices in 2024 alone, including SPOT and best-selling SmartOne C satellite IoT transmitter

DUBLIN--(BUSINESS WIRE)-- Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications service provider, today announced that UK-based wireless and satellite technology reseller, Global Telesat Communications (GTC), a subsidiary of NextPlat Corp. (NASDAQ: NXPL), has seen sales of Globalstar SPOT and satellite IoT devices dramatically increase, a 35% boost compared to the same period in 2023.

“We’ve seen extraordinary growth in sales of Globalstar’s products this year, particularly for SPOT,” reports David Phipps, Managing Director of GTC and CEO of Global Operations of NextPlat Corp.

One of Europe’s most successful Globalstar resellers, GTC has achieved another milestone of having sold over 10,800 Globalstar devices in 2024, driven by SPOT Gen4, SPOT X, SPOT Trace and SmartOne C satellite IoT transmitters.

Phipps says that SPOT’s ease of use and economical price are the key drivers in accelerated uptake. “SPOT is really easy to use and has a very economical price; for many people, it simply ticks all the boxes,” he says.

In May 2024, GTC celebrated reaching a total of 45,000 Globalstar device sales overall, shortly after Globalstar announced the 10,000th rescue worldwide, thanks to the reliable and ubiquitous satellite-enabled tracking and SOS capabilities in Globalstar’s product portfolio.

Phipps says new sales are coming from a mix of individual consumers and organisations choosing SPOT to safeguard remote-working and at-risk employees. Commercial customers include utilities suppliers, as well as civil and national defence organisations. GTC has seen accelerated demand from humanitarian aid NGOs, and other parties operating in regions affected by political instability or conflict.

GTC has also seen increased uptake of Globalstar’s commercial IoT devices, for applications in a range of industries. Phipps reports continuous demand for SmartOne C, GTC’s bestseller in this category, with one customer having recently procured a large number of units to monitor oil and gas pipelines.

“We are extremely proud of our partnership with GTC, and we congratulate the company for its ongoing success,” said Mark O’Connell, Globalstar EMEA & APAC General Manager.

About Globalstar, Inc.

Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s 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, offers 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 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 and connect with us on LinkedIn.

About GTC

Global Telesat Communications Ltd (GTC), a subsidiary of NextPlat Corp. (NASDAQ: NXPL), is a supplier of mobile voice and data communications services via satellite. GTC provides equipment and airtime for use on all the major satellite networks, including Globalstar, allowing users in remote locations to make phone calls, connect to the internet and track assets or personnel anywhere in the world. www.gtc.co.uk

About NextPlat Corp

NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets including technology and healthcare. Through acquisitions, joint ventures and collaborations, the Company intends to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications division offering voice, data, tracking, and IoT products and services worldwide serving more than 70,000 customers located in over 165 countries and also provides pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care Inc.

For media information

For Globalstar:

Gavan Murphy

Globalstar Europe Satellite Services Ltd.

gavan.murphy@globalstar.com

For GTC and NextPlat Corp:

Michael Glickman

Media and Investors

MWGCO, Inc.

mike@mwgco.net

+1 917 397 2272

Source: GLOBALSTAR, INC.

FAQ

What was GTC's growth rate for Globalstar (GSAT) device sales in 2024?

GTC reported a 35% year-over-year growth in Globalstar SPOT and satellite IoT device sales in 2024 compared to 2023.

How many Globalstar (GSAT) devices did GTC sell in 2024?

GTC sold over 10,800 Globalstar devices in 2024.

What is the total number of Globalstar (GSAT) devices sold by GTC as of May 2024?

GTC reached a total of 45,000 Globalstar device sales overall by May 2024.

Which Globalstar (GSAT) products drove GTC's sales growth in 2024?

Sales growth was driven by SPOT Gen4, SPOT X, SPOT Trace, and SmartOne C satellite IoT transmitters.

Who are the main customers buying Globalstar (GSAT) devices from GTC?

Main customers include individual consumers, utilities suppliers, civil and national defence organizations, humanitarian aid NGOs, and companies in the oil and gas sector.

Globalstar, Inc.

NYSE:GSAT

GSAT Rankings

GSAT Latest News

GSAT Stock Data

2.83B
741.77M
60.83%
21.79%
1.87%
Telecom Services
Communications Services, Nec
Link
United States of America
COVINGTON,