On Thursday, Shares of Globalstar Inc. (NYSEMKT:GSAT), lost -3.31% to $1.75.
SPOT LLC, a wholly owned partner of Globalstar, Inc., (GSAT) and the leader in satellite messaging and emergency notification technologies, declared recently that its SPOT family of products has initiated 4,000 rescues around the world since its launch in 2007. SPOT is presently being used by customers to initiate almost two rescues a day and delivers affordable location-based messaging and life-saving emergency notification technology to hundreds of thousands of users, completely independent of cellular coverage.
Michael Herrera, SPOT’s 4,000th rescuee and a stepped down Houston firefighter, was off-roading alone in DeKalb County, Alabama on his dual-sport dirt bike when he took a hard fall. Although initially disoriented, his experience as a first responder told him that his injuries were more serious than he could see. It was then that he reached for his SPOT Gen3(R) and pressed the S.O.S. button. Within 40 minutes of the S.O.S. activation, an ATV and ambulance were onsite. At the hospital, it was determined that he had suffered a broken collarbone, three broken ribs and a partially collapsed lung.
“Until my accident, I’d only used my SPOT for tracking so my wife could be aware of my location when riding off-road. It was gratifying to know that my SPOT delivered on its promise when I needed SAR services,” says Herrera. He also expressed his gratitude to the SAR teams involved in his rescue, “thank you for your service and your quick response.”
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
Shares of Alphabet Inc. (NASDAQ:GOOG), declined -0.29% to $749.46, during its last trading session.
Google Fiber isn’t the only next-generation technology from the Silicon Valley titan expanding across the United States this week, according to ZDNet.
The Internet giant declared on Thursday that it is also widening the net for Project Sunroof, an energy savings initiative that debuted in August.
Project Sunroof builds upon the aerial images in Google Earth to hone in and estimate a given home’s solar energy savings potential.
Unveiled amid testing in just a trio of areas (San Francisco Bay Area, Fresno, Calif. and Boston) a few months ago, homeowners were instructed to enter addresses, after which Sunroof would respond with the estimate based on a variety of factors. These factors comprised (but were not limited to) local weather patterns, tree shade, and average electric bills. ZDNet Reports
Alphabet Inc., through its auxiliaries, builds technology products and provides services to organize the information. The company offers Google Search that provides information online; Google Now that offers information to users when they need it; AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google network to deliver ads; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as AdExchange and AdMob.
Finally, Diamond Offshore Drilling, Inc. (NYSE:DO), ended its last trade with 1.74% gain, and closed at $20.49, despite investors snatched up beaten-down energy-company shares.
Shares of several miners and energy companies have dropped this week as commodities prices fell.
Crude-oil prices fell again Thursday after the Organization of the Petroleum Exporting Countries said it pumped more oil last month than any month in three years. U.S. crude dropped 1.1% to $36.76 a barrel, the lowest since 2009.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market. It operates a fleet of 38 offshore drilling rigs, which comprise 27 semisubmersibles, counting 1 under construction; 6 jack-ups; and 5 dynamically positioned drillships, counting 1 under construction.
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