GSAT - Globalstar halted as it says it will provide Apple emergency satellite service

• Globalstar ( NYSE: GSAT ) has been halted as it announces that it will be the satellite operator for Apple's ( AAPL ) new emergency SOS service.
• Apple's hardware event announcing new iPhones included a feature called Emergency SOS via Satellite, which can connect to emergency services even when the phone's user is outside of cellular or Wi-Fi range.
• Globalstar says in a filing that it will serve as the service provider, and says that it and Apple have completed several milestones for the service, ranging from initial feasibility up to "rigorous" in-field system testing.
• Shares had slipped 15.8% before the stock was halted for news pending.
• Developing story ...

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