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Globalstar : FindMy Reaches Milestone of 45,000 Deployed Globalstar Satellite IoT Devices for Smart Animal Tracking

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05/07/2019 | 11:26am EDT


  • Leading IoT animal tracking specialist FindMy has to date deployed over 45,000 animal tracking collars, based on Globalstar satellite technology, across Scandinavia and South America to track sheep, cattle and reindeer
  • At the heart of each FindMy collar is Globalstar’s STX3 simplex chipset for GPS tracking using satellite communications
  • FindMy helps farmers safeguard income by finding lost animals, losing fewer to predators, and building knowledge of herd health and best grazing areas

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE MKT: GSAT) today announced that FindMy (formerly FindMySheep), the IoT animal tracking pioneer, has cumulatively deployed over 45,000 satellite-enabled IoT tracking collars for safeguarding sheep, cattle and reindeer. FindMy relies on Globalstar’s powerful, low-cost STX3 chipset and its worldwide network of satellites in Low Earth Orbit (LEO), which deliver reliable, accurate tracking far beyond the reach of mobile GSM and other technologies.

FindMy was originally founded to meet the needs of sheep farmers in Norway whose flocks graze fence-free in the mountains and often range across borders into Sweden and Finland. FindMy’s reputation is now established internationally and today ranchers in Latin America trust FindMy to monitor cattle.

STX3’s small size, ruggedness, long battery life, and ease of integration, as well as its competitive price, remain key compelling features for FindMy.

FindMy’s tracking collars communicate with Globalstar’s satellite network to geo-fence livestock, helping farmers monitor animals to ensure they graze only in designated areas, and to locate those which have escaped or are injured.

With each animal worth hundreds or even thousands of Euros, losing livestock to predators or through illness not only affects revenues but can also have a profound impact on the quality of a farmer’s breeding foundation for years to come.

Thanks to the rich data transmitted by the FindMy system, farmers are empowered to manage their stock intelligently, and minimise loss due to inadequate food or water, disease or predators. FindMy provides an informative data trail that enables farmers to analyse where animals that produce the best quality meat are grazing, so farmers can proactively manage herds’ grazing for future seasons.

FindMy’s customised user interface alerts farmers and herd managers when an animal has not moved for some time. With FindMy’s GPS data, they can identify exactly where to go to investigate, saving valuable time and resources. Farmers deploying the collars report a significant reduction in animal loss, with a consequent direct positive impact on their business.

In October 2017, Globalstar announced that its technology is at the heart of SaveMyReindeer, a technology solution that FindMy designed to prevent trains from colliding with reindeer in Norway’s hinterland.

Hundreds of kilometres of Norway’s railroads, reaching inside the Arctic Circle, traverse territories inhabited by the region’s indigenous Sami people who keep herds of free-roaming reindeer.

Each year, trains kill about 6,500 of the region’s 600,000 reindeer, with an estimated loss of €8.5 million of livestock. In 2016, the Norwegian mapping authority, Kartverket, sought a solution as part of its annual hackathon series. FindMy emerged the winner and SaveMyReindeer was developed.

SaveMyReindeer, currently in development and testing, uses data from the Norwegian Railway Directorate on the real-time location of each train combined with open data from Kartverket to create a moving geo-fence 40-50 km around the train. By comparing the geo-fence area with GPS data from FindMy collars already keeping tabs on reindeer, the system warns train drivers when they are approaching the animals so they can take evasive action. The reindeer owner simultaneously receives an alert on their smartphone, giving them the opportunity to move the herd out of harm’s way. By introducing SaveMyReindeer, fewer animals would be lost, and the train network would suffer less disruption.

“The FindMy animal tracking platform is helping farmers ensure the best possible health of their livestock, protecting animals from disease and predators, and maximising herd value,” said Halvor Mjoen, Founder of FindMy.

“Thanks to Globalstar’s ongoing commitment to IoT innovation, we will continue to find new ways to help farmers to monitor and safeguard their valuable animals,” he added.

About FindMy

FindMy was originally established as FindMySheep, a tracking collar system using Globalstar technology to protect free roaming sheep. FindMySheep deployments have since increased to over 45,000 units, with 85% worn by sheep, with the remainder protecting reindeer in Norway, Sweden and Finland, as well as cattle herds in South America. With hundreds of sheep going missing each year, in 2012 the Norwegian government part-funded an initiative to track farmers’ livestock so they could understand what is driving the disappearance of the animals and eliminate any foul play. This funding enabled FindMy, a Globalstar Value Added Reseller, to develop its tracking collar, with a back-office application that enables the farmer to visualise the whereabouts of the animals at any given time. http://findmy.no/

About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and data services. Customers around the world in industries such as government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring, M2M and IoT applications. The company's products include mobile and fixed satellite telephones, the innovative satellite Wi-Fi hotspot, simplex and duplex satellite data modems, tracking devices and flexible service packages.

For more information, visit eu.globalstar.com.

© Business Wire 2019
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Financials ($)
Sales 2019 142 M
EBIT 2019 -49,3 M
Net income 2019 -
Debt 2019 289 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 7,57x
EV / Sales 2020 6,44x
Capitalization 784 M
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Mean consensus HOLD
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Average target price 0,70 $
Spread / Average Target 29%
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GLOBALSTAR, INC.-15.44%784
SES-9.58%7 758
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