FMC GlobalSat Announces $1 Million Funding in Oversubscribed Interim Round To Expand Disruptive Global Connectivity Offerings

Company Will Escalate Sales Efforts in the Oil & Gas, Private and Commercial Maritime, Renewable Energy Industries and Geographically Remote Commercial Installations

Fort Lauderdale, FL, Jan. 10, 2019 (NewMediaWire) -- FMC GlobalSat Holdings Inc., a satellite communications and wireless services provider for geographically remote commercial operations, announced the completion of an oversubscribed interim round of $1 Million USD, bringing total funding to over $3 million. FMC GlobalSat configures, integrates, and deploys a hybrid wireless and satellite connectivity solution for a range of enterprise customers, including energy, private and commercial maritime, mining, agriculture, and other geographically remote installations. FMC Global’s network incorporates high-throughput satellites and wireless solutions across CDMA, GSM, and LTE networks in more than 190 countries, with over 550 underlying carriers.

“We are delighted that our solution has garnered such a high degree of interest from the investment community, and are honored that a number of premier financial and strategic investors have elected to partner with us,” said Emmanuel Cotrel, chief executive officer at FMC GlobalSat. "With this investment, we are eager to ramp up our implementation plans, and further penetrate the $600-billion IoT market opportunity.”

FMC GlobalSat is the exclusive worldwide distributor for the renewable energy sector for Kymeta, the global satellite panel provider.  Through this partnership, FMC GlobalSat keeps mission-critical assets connected anytime, anywhere, for asset owners and operators, and grid operators, maximizing uptime, maintaining cost efficiency, and ensuring security.

About FMC GlobalSat

FMC GlobalSat is a global provider of best-in-class satellite and wireless solutions to geographically remote businesses that that require reliable, secure, and cost-effective connectivity.  Partnering with major wireless carriers and satellite communications providers, FMC GlobalSat delivers a hybrid connectivity solution that incorporates 3G and 4G cellular solutions across CDMA, GSM, and LTE networks in more than 190 countries, and high-throughput satellite (HTS) communications. The company’s network incorporates Tier 1 carriers, and a satellite infrastructure that includes 53 satellites, eight teleports, 20,000 miles of fiber optic cable, and a 24/7 enterprise-grade global technical support organization.  FMC GlobalSat is the exclusive global distributor of Kymeta communication solutions for the renewable energy industry. For more information about FMC GlobalSat, please visit www.FMCGlobalSat.com

FORWARD-LOOKING STATEMENTS

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Our actual results, performance, or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission, available at: www.sec.gov. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information, or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

John Stafford
5157081296
jstafford@parallelpr.com

Source: FMC GlobalSat



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