Globalstar
Jay Monroe is Executive Chairman of the Board of Directors of Globalstar, Inc. He has held the Chairman position since Thermo Capital Partners purchased the assets of Globalstar in April 2004. He was the Company's CEO from January 2005 until July 2009 and reassumed that position from July 2011 until September 2018.
Mr. Monroe has been the majority owner of Thermo Companies since their founding in 1984. Mr. Monroe has overseen operations in a wide variety of businesses at all phases of growth from startup through maturity. Under his direction, Thermo Companies founded or acquired companies in diverse industries including power generation, natural gas exploration and production, industrial equipment distribution, real estate, telecommunications, financial services and leasing services. Mr. Monroe is on the Board of Directors of Thermo Capital Partners and several of its portfolio companies.
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Globalstar
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Globalstar, Inc. (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. It offers voice and data communication services over its network of in-orbit satellites and its active ground stations (gateways), which it refers to collectively as the Globalstar System. The Company's services are available only with equipment designed to work on its network two-way voice communication and data transmissions (Duplex) using mobile or fixed devices, and one-way data transmissions (Simplex) using a mobile or fixed device that transmits its location and other information to a central monitoring station, including certain SPOT and Simplex products.