Shares of Quantum Corp (NYSE:QTM) ended Friday session in red amid volatile trading. The shares closed down -0.014 points or -1.81% at $0.736 with 689,791 shares getting traded. Post opening the session at $0.76, the shares hit an intraday low of $0.73 and an intraday high of $0.78 and the price vacillated in this range throughout the day. The company has a market cap of $194.59 million and the numbers of outstanding shares have been calculated to be 269.20 million shares.
Quantum Corp (QTM) on Sept. 26, 2016 announced that two of Europe’s premier research institutions are using the company’s StorNext® workflow storage as the foundation for managing their growing data and enabling a range of scientific initiatives. GWDG — the computing center for the University of Göttingen and computing and IT competence center for the Max Planck Society — deployed StorNext-powered disk and tape systems in a multi-tier solution to meet its performance and access requirements for 7PB of data. Separately, the Max Planck Institute for Chemistry also turned to Quantum for an end-to-end storage and archive solution that would support greater collaboration and continuous access to an ever-expanding volume of data.
Shares of Globalstar, Inc. (NYSEMKT:GSAT) ended Friday session in red amid volatile trading. The shares closed down -0.03 points or -2.42% at $1.21 with 2,268,243 shares getting traded. Post opening the session at $1.26, the shares hit an intraday low of $1.18 and an intraday high of $1.26 and the price vacillated in this range throughout the day. The company has a market cap of $1.28 billion and the numbers of outstanding shares have been calculated to be 946.27 million shares.
On Sept. 28, 2016 Globalstar, Inc. (GSAT) and its partner, ADS-B Technologies, announced the completion of the NASA Langley Research Center research flight with the Cirrus SR22 Unmanned Aerial System (UAS) Surrogate designed to test the operation of the ADS-B Link Augmentation System (ALAS). Initial results indicated continuous communication between the aircraft and Globalstar’s satellite system with only brief interruptions during extreme maneuvering, which reconnected quickly.
The Cirrus SR22 test flights focused on testing the ability of ALAS to continuously pass two-way data between the aircraft and NASA’s ground control station using remote control capabilities. The first of two 40 minute flights included extreme maneuvering with two 60 degree bank angle turns specifically designed to test the ALAS connection. The second flight produced similar results during a series of maneuvers involving heading and altitude changes.
“NASA not only demonstrated that ALAS could perform well in maneuvers, but also confirmed that complex data such as flight control commands and aircraft state and status could be passed to a controller over the same robust Globalstar link in real time,” said Skip Nelson, President of ADS-B Technologies. “This tells us that ALAS could provide a single, secure and potentially encrypted portal between the aircraft and the ground.”