Carmanah Technologies Corporation (TSX: CMH) has signed a strategic agreement with Globalstar Inc. (NYSE: GSAT), the company said.
Under the terms of the agreement Carmanah will collaborate on the design and manufacture of new solar powered M2M satellite solutions for Globalstar as well as selecting the Globalstar low earth orbiting satellite constellation for remote connectivity of all strategic Carmanah products.
The agreement includes a multi-year supply agreement whereby Carmanah will design, develop and supply the next generation of Globalstar devices incorporating solar power charging capabilities. The introduction of solar technology will support longer battery life as well as support a significant increase in data transmission capability on a device by device basis.
Carmanah Technologies Corporation produces a portfolio of products focused on energy optimized LED and solar technologies.
Globalstar is a provider of mobile satellite voice and data services, leveraging mobile satellite communications.