Boats equipped with the SPOT HUG satellite-based security system meet specific security protection requirements and qualify for premium discounts in some circumstances
COVINGTON, LA (June 15 2011) – Spot LLC, a wholly owned subsidiary of Globalstar, Inc. (NASDAQ: GSAT) and leader in satellite messaging and emergency notification technologies, today announced its SPOT HUG system meets the requirements of Chartis’ Global Marine division for security protection on-board various vessels. Chartis is a leading property-casualty and general insurance organization serving more than 70 million clients around the world.
Global Marine requires that boats of certain types, including those with multi-engine outboard motors, are equipped with an approved satellite-based boat monitoring system like SPOT HUG. Boat owners with SPOT HUG on board may also qualify for discounts on their insurance premium when certain criteria are met.
“We take the security of the boats and yachts we insure very seriously,” said Raymond Stahl, Senior Vice President of Global Marine’s recreational marine business. SPOT HUG meets Global Marine’s minimum requirement for security protection and monitoring on board specific types of vessels.”
Launched initially for the maritime community, SPOT HUG monitors the boat’s position and detects any Unauthorized Movement automatically alerting a 24/7 Asset Monitoring Center and registered boat owner with its GPS coordinates. SPOT HUG also comes equipped with sensor monitoring capabilities and established SPOT messaging features for sending location-based messages over the Globalstar satellite network to others, including an international rescue coordination center in critical emergencies. Because SPOT HUG is 100% satellite based, it is capable of providing coverage far beyond the range of cellular phones and VHF radios.
“We are extremely pleased to be working with the Chartis insurers and their agents,” said Steve Smits, Vice President of International Sales and Marketing, Spot LLC. Today’s announcement recognizing SPOT HUG not only helps qualify boat owners for insurance coverage that may be otherwise difficult to obtain but can help them save money each year while protecting their valuable assets on and off the water.”
The MSRP for SPOT HUG is $449.95 plus an additional annual subscription price for service starting at $149.99 per year which includes unlimited asset monitoring and personal satellite messaging. SPOT HUG is available at leading marine and outdoor retail locations. For more information on SPOT HUG or to locate an authorized SPOT HUG dealer, visit www.findmeSPOT.com
About Spot LLC
Spot LLC, a subsidiary of Globalstar, Inc. (Nasdaq: GSAT), provides emergency notification technology that allows users to communicate from remote locations around the globe. The SPOT product family uses both the GPS satellite network to determine a customer's location and the Globalstar network to transmit messages and GPS coordinates to others including an international rescue coordination center. Thanks to this affordable, cutting edge personal safety device, the company offers people peace of mind by allowing customers to notify friends and family of their location and status, and to send for emergency assistance in time of need, completely independent of cellular phone or wireless coverage. For more information on how Spot LLC is helping others stay connected - from disaster preparedness to outdoor adventure - visit www.findmeSPOT.com.
Note that all SPOT products described in this press release are the products of Spot LLC, which is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of Chantilly, Virginia. SPOT Connect is a trademark of Spot LLC. All other trademarks are the property of their respective owners.
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit its website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.