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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Goodboy who wrote (11280)	3/27/2000 9:41:00 AM
From: Pierre	Respond to of 29986

(LOR) Globalstar Ericsson R290 Satellite Phone Receives European Standards RELATED SYMBOLS: (ALA)(DCX)(VOD)(GLQWF)(LOR)(ERICY) NEW YORK, Mar 27, 2000 (BUSINESS WIRE) -- In a move that brings mobilesatellite communications one step closer to worldwide availability, Globalstar (NASDAQ: GSTRF) today announced that its Ericsson-manufactured mobile satellite phone has received type approval from the European Telecommunications Standards International (ETSI.) Ericsson will begin shipping phones immediately to its established global distribution network. The Ericsson R290 Satellite Globalstar/GSM dual-mode handset offers cellular extension services to vast regions of the world where there is no cellular service or where service is inadequate. "The ETSI's approval of the Ericsson R290 phone for the first time allows Globalstar to reach planned levels of production on the part of all three manufacturers," said Tony Navarra, president of Globalstar. "Accordingly, distributors throughout Europe and other countries served by GSM cellular networks can now offer customers easy to use, affordable access to satellite communications, and a solid foundation through which to receive next-generation wireless services." The Ericsson R290 features include: Size: 162mm(h) x 62mm(w) x 39mm(d) mm [6.4in. x 2.5in. x 1.5in.] Weight: 350 grams [12 ounces] Talktime: 5 hours (GSM), 1.5 hours (satellite) Standby: 50 hours (GSM), 3.5 hours (satellite) Data: SMS/fax/data in both modes 9.6 kbps (GSM), 9.6 kbps (satellite - available in late 2000) Ericsson also offers accessories including a car/cigarette lighter adapter, a universal travel charger, a data cable and a protective travel case. ETSI is a non-profit organization whose mission is to produce telecommunications standards that will be used for decades to come throughout Europe and many other parts of the world. Based in Sophia Antipolis (France), ETSI unites 730 members from 51 countries inside and outside Europe, and represents administrations, network operators, manufacturers, service providers, research bodies and users. Globalstar, led by founding partner Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including co-founder Qualcomm Incorporated, Alenia, China Telecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), Hyundai, TE.SA.M (a France Telecom/Alcatel company), Space Systems/Loral, and Vodafone AirTouch. For more information, visit Globalstar's web site at www.globalstar.com. Loral Space & Communications (NYSE:LOR) is the managing partner and, at 40 percent, is the largest equity owner of Globalstar. Loral is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and nternational corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services, and international direct-to-home satellite services. For more information, visit Loral's web site at www.loral.com. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. -0- CONTACT: Globalstar Telecommunications Ltd. Mac Jeffery 212-338-5358 KEYWORD: NEW YORK INDUSTRY KEYWORD: AEROSPACE/DEFENSE TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (Public Company & Wall Street & Business & High Tech) A service of the Financial Data Cast Network (FDCN) and Window On WallStreet Inc.

To: Goodboy who wrote (11280)	3/27/2000 10:02:00 AM
From: MileHigh	Read Replies (4) \| Respond to of 29986

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