Globalstar, Inc., a leading name in the telecommunications sector, has been honored with the 2024 IoT Excellence Award for its innovative SmartOne Solar asset tracker. This recognition underscores Globalstar's dedication to advancing technology for better information access, which in turn facilitates smarter decision-making for both businesses and individuals.
The SmartOne Solar distinguishes itself as the only solar asset tracker with premier certifications for hazardous environments, boasting a design that enables it to operate for up to 10 years with minimal upkeep. This feature renders it ideal for sectors such as transportation, oil and gas, construction, and mining. Mersad Cavcic, Globalstar's Chief Product Officer, highlighted the device's capability to address IoT monitoring challenges in extreme conditions, providing cost-effective durability and efficiency.
In financial terms, Globalstar's stock, experienced a reverse stock split at a 15-for-1 ratio on February 11, 2025. The stock is currently valued at $22.66, showing a 2.53% increase. During the trading day, it ranged from $21.91 to $23.05. Over the last year, GSAT has fluctuated between a high of $41.10 and a low of $1.56, indicating its volatile nature in the market. The company boasts a market capitalization of approximately $2.86 billion, with a trading volume of 827,603 shares on the AMEX exchange. These figures highlight Globalstar's robust market presence, bolstered by its cutting-edge products and steadfast satellite connectivity. Carl Ford from IoT Evolution World commended the SmartOne Solar for its innovation, expressing anticipation for Globalstar's future accomplishments.
