Globalstar Announces Strategic Alliance With XCOM Labs

first_img Previous articleCockburn, Dosunmu lead No. 5 Illini past Northwestern 73-66Next articlePandemic politicking: Israel’s election sprint echoes US’s Digital AIM Web Support Pinterest Local NewsBusiness Facebook Pinterest Twitter WhatsApp Twittercenter_img WhatsApp Globalstar Announces Strategic Alliance With XCOM Labs Facebook TAGS  By Digital AIM Web Support – February 17, 2021 COVINGTON, La.–(BUSINESS WIRE)–Feb 17, 2021– Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced the formation of a global strategic alliance with XCOM Labs (“XCOM”). Globalstar and XCOM will jointly seek to commercialize XCOM’s capacity-multiplying technology with Globalstar’s Band n53 for dense 5G deployments in the US and in other countries where Globalstar has terrestrial rights. Jay Monroe, Globalstar Executive Chairman commented, “The Company’s global mid-band spectrum portfolio is a significant asset and we welcome the great minds at XCOM and their technology to help us realize its full potential. Our strategy for maximizing the value of this asset is to continue to partner with the best companies possible to bring unique technologies and applications to market utilizing Band n53. Today’s announcement represents a substantial leap forward in this effort.” XCOM is an innovative wireless technology company founded by Paul Jacobs, Derek Aberle and Matt Grob, former senior leadership at Qualcomm. XCOM’s leadership and talented engineering team helped develop and commercialize many of the technologies that are at the heart of today’s smartphones. The XCOM team has a history of acquiring spectrum and developing technologies that significantly increased the value of that spectrum. With spectrum costs increasing, as evident from the recent CBRS and C-Band auctions, Globalstar believes XCOM’s capacity boosting and scaling techniques will make its mid-band spectrum an attractive offering for 5G New Radio (NR) based services. This alliance with XCOM will add expertise to all aspects of Globalstar’s future commercial and regulatory efforts. Paul Jacobs, Founder and CEO of XCOM said, “I have worked with Jay and Globalstar for many years and on many exciting projects. I am eager to embark on this new opportunity to drive XCOM’s growth while helping to accelerate the deployment of Globalstar’s spectrum resources. XCOM’s technology and products will offer significant capacity gains for dense deployments of greater than 4x compared to existing solutions with gains scaling even further up as additional hardware is deployed. This will greatly increase the utility of Band n53, allowing it to carry the traffic and subscriber load which previously required a much wider channel. Future mobile users in dense and dynamic environments will benefit from the combination of our technology and Globalstar’s licensed spectrum. Tomorrow’s machines, both autonomous and remotely controlled, and services like augmented and virtual reality, will enjoy superior performance utilizing the combination of XCOM’s technology and Band n53.” Pursuant to this agreement, XCOM and Globalstar will work together to commercialize specific terrestrial Band n53 networks in dense traffic environments such as arenas, airports, multi-tenant buildings and industrial deployments in all geographies where Globalstar has secured terrestrial authority. About Globalstar, Inc. Globalstar is a leading provider of customizable Satellite IoT Solutions for customers around the world in industries such as oil and gas, transportation, emergency management, government, maritime and outdoor recreation. A pioneer of mobile satellite voice and data services, Globalstar solutions connect people to their devices and allow businesses to streamline operations providing safety and communication and enabling mobile assets to be monitored remotely via the Globalstar Satellite Network. The Company’s Commercial IoT product portfolio includes industry-acclaimed SmartOne asset tracking products, Commercial IoT satellite transmitters and the SPOT® product line for personal safety, messaging and emergency response, all supported on SPOT My Globalstar, a robust cloud-based enhanced mapping solution. Learn more at Globalstar.com. About XCOM Labs, Inc. XCOM Labs is a San Diego-based wireless technology company founded by a seasoned executive team with a proven track record of helping to create a $100B+ business based upon a world-leading wireless innovation engine. At XCOM Labs, we have assembled a highly-accomplished team of leading wireless engineers to solve the toughest wireless challenges. Our team led many of the most important aspects of the 3G/4G/5G technology evolutions and the foundations of wireless XR. Our solutions enable Industry 4.0, Private and Federal Networks as well as commercial service providers. Our technologies and products also are a force multiplier for available licensed and unlicensed spectrum. XCOM Labs works with operator, vendor and ecosystem partners to solve complex real-world problems in dense user/traffic venues and campuses, Mobile Edge Computing, AR/VR, Industrial IoT, Robotics and Drones. Our belief is that the best way to predict the future is to invent it and we will #keepinventing. View source version on businesswire.com:https://www.businesswire.com/news/home/20210217005597/en/ CONTACT: USA Public Relations / General Media Inquiries: Denise Davila Email:[email protected] Phone: +1-985-335-1538 KEYWORD: LOUISIANA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS TELECOMMUNICATIONS SATELLITE SOURCE: Globalstar, Inc. Copyright Business Wire 2021. PUB: 02/17/2021 09:00 AM/DISC: 02/17/2021 09:01 AM http://www.businesswire.com/news/home/20210217005597/enlast_img read more

Arbitration: 2019 Amendment To Section 29A Timeline Has Retrospective Effect From 23 October 2015, Holds Delhi HC [Read Judgment]

first_imgKnow the LawArbitration: 2019 Amendment To Section 29A Timeline Has Retrospective Effect From 23 October 2015, Holds Delhi HC [Read Judgment] Rohan Batra24 July 2020 12:13 AMShare This – xInfusing clarity on the applicability of the amended Section 29A of the Arbitration and Conciliation Act, 1996, (“the Act”), the Single Judge of the Delhi High Court (“Court”) in the case of ONGC PETRO ADDITIONS LIMITED vs. FERNS CONSTRUCTION CO. INC, pronounced on 21 July 2020, has found that the amendments to Section 29A (1) in 2019, fixing the 12 month time frame from the completion…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginInfusing clarity on the applicability of the amended Section 29A of the Arbitration and Conciliation Act, 1996, (“the Act”), the Single Judge of the Delhi High Court (“Court”) in the case of ONGC PETRO ADDITIONS LIMITED vs. FERNS CONSTRUCTION CO. INC, pronounced on 21 July 2020, has found that the amendments to Section 29A (1) in 2019, fixing the 12 month time frame from the completion of pleadings and excluding international commercial arbitrations in India (“ICA”) from its scope are “retrospectively applicable to arbitration proceedings commenced after 23 October 2015.”[1] Backdrop After taking an order of extension in September 2019 under Section 29A to complete the pleadings and render the award in eighteen months (“Earlier Order”), the Petitioner moved the Court the second time to seek clarification that the timeline under Section 29A(1) is not applicable to the pending arbitration proceeding (being an International Commercial Arbitration) owing to the retrospective applicability of the amendments made to Section 29A in 2019. Parties’ position Relying upon the Supreme Court’s decision in BCCI v. Kochi[2], the Petitioner contended that Section 29A is procedural in nature and is prospective in operation w.e.f. 23 October 2015 owing to Section 26 of the Arbitration and Conciliation (Amendment) Act, 2015 (“2015 Amendment”) being held as prospective. On this basis, the Petitioner contended that changes brought about in Section 29A vide the Arbitration and Conciliation (Amendment) Act, 2019 (“2019 Amendment”) will have retrospective effect from 23 October 2015, i.e. the date from which Section 29A was introduced into the Act as provision equivalent to Section 26 is not contained in the 2019 Amendment. The Petitioner further drew the Court’s attention to two conflicting orders of coordinate benches- (i) Shapoorji Pallonji and Co. Pvt. Ltd v Jindal India Thermal Power Limited[3] decided on 23 January 2020, holding Section 29A as per 2019 Amendment to be retrospective; and (ii) MBL Infrastructures Ltd. v. Rites Ltd.[4] decided on 10 February 2020 holding Section 29A as prospective. When faced with conflicting decisions of courts, the Petitioner contended that the decision earlier in time ought to be followed since the later decision would be per incuriam. The Respondent agreed to the Petitioner’s position Issue Since International Commercial Arbitration is excluded from Section 29A(1) of the 2019 Amendment and with the respondent being a foreign party, the question before the Court was if the proceedings before the Arbitral Tribunal is an ICA, then whether the time limit as fixed by the Earlier Order shall be applicable. Decision To answer this question, Justice V Kameswar Rao first referred to the earlier two orders in Shapoorji and MBL cases (supra) and found the latter order passed in MBL case as per incuriam. Relying on the Apex Court’s decisions and accepting the Petitioner’s contention, it held that conclusion of a Coordinate Bench in Shapoorji (supra) wherein the Court has held that the amendment, being procedural in nature, shall be applicable to all pending arbitrations as on the date of amendment, is correct. The Court predicated this conclusion on the following reasons: BCCI (supra) has found Section 29A to be procedural in nature and there is no stipulation akin to Section 26 of 2015 Amendment in the 2019 Amendment; In light of settled judicial precedents, Section 29A prescribing time limit is a procedural law is it does not confer any rights or liabilities on a party. Rather, it establishes a mechanism for the Arbitral Tribunal to render the award, which determines rights and liabilities in 12 months In view thereof, the Court held that Section 29A (1) shall be “applicable to all pending arbitrations seated in India as on August 30, 2019 and commenced after October 23, 2015”. It further held that there is “no strict time line of 12 months prescribed to the proceedings which are in nature of international commercial arbitration as defined under the Act, seated in India.” Holding as above, the Court clarified that the Arbitral Tribunal shall not be bound by the timeline prescribed by the Earlier Order, if the proceedings are in the nature of an ICA. Remarks Hitherto, only the domestic arbitrations, which commenced on or after 30 August 2019, were being governed by the revised timelines under Section 29A(1). Now, this decision clarifies and extends the revised timelines to even the pending domestic arbitrations, initiated after 23 October 2015. ICAs, initiated after 23 October 2015, are confirmedly outside Section 29A’s ambit with no need to approach the Court for extension of timelines anymore.(Rohan Batra is a Delhi-based advocate and may be reached at [email protected]) [1] OMP(MISC) (COMM) 256/2019, I.A. 4989/2020 [2] (2018) 6 SCC 287 [3] O.M.P.(MISC.) (COMM.) 512/2019, Click here to download judgmentRead Judgment Next Storylast_img read more