Investment

Emergency SOS via satellite made possible by $450M Apple investment

Published

2 years ago

November 10, 2022

Harry Miller

November 10, 2022

UPDATE

Emergency SOS via satellite on iPhone 14 and iPhone 14 Pro lineups made possible by $450 million Apple investment in US infrastructure

Satellite network and ground stations power the new service launching later this month

A $450 million investment from Apple’s Advanced Manufacturing Fund provides the critical infrastructure that supports Emergency SOS via satellite for iPhone 14 models. Available to customers in the US and Canada beginning later this month, the new service will allow iPhone 14 and iPhone 14 Pro models to connect directly to a satellite, enabling messaging with emergency services when outside of cellular and Wi-Fi coverage.

A majority of the funding goes to Globalstar, a global satellite service headquartered in Covington, Louisiana, with facilities across the US. Apple’s investment provides critical enhancements to Globalstar’s satellite network and ground stations, ensuring iPhone 14 users are able to connect to emergency services when off the grid. At Globalstar, more than 300 employees support the new service.

“Emergency SOS via satellite is a perfect example of how American ingenuity and technology can save lives,” said Jeff Williams, Apple’s chief operating officer. “We are proud this service is enabled by leading US companies, and that our users can explore off-the-grid areas knowing they are still within reach of emergency services if they are in need.”

Emergency SOS via satellite is just one of the groundbreaking safety capabilities the iPhone 14 lineup provides. Crash Detection can now detect a severe car crash and automatically dial emergency services when a user is unconscious or unable to reach their iPhone.

Delivered in partnership with Globalstar, Apple’s Emergency SOS via satellite service utilizes the spectrum in L and S bands specially designated for mobile satellite services by ITU Radio Regulations. When an iPhone user makes an Emergency SOS via satellite request, the message is received by one of Globalstar’s 24 satellites in low-earth orbit traveling at speeds of approximately 16,000 mph. The satellite then sends the message down to custom ground stations located at key points all over the world.

Once received by a ground station, the message is routed to emergency services that can dispatch help, or a relay center with Apple-trained emergency specialists if the closest emergency services location is not able to receive text messages.

“The launch of Emergency SOS via satellite direct to iPhone is a generational advancement in satellite communications, and we are proud that Globalstar’s satellites and spectrum assets will play a central role in saving lives,” said Jay Monroe, Globalstar’s executive chairman. “With Apple’s infrastructure investment, we’ve grown our teams in California and elsewhere to construct, expand, and upgrade our ground stations, and we look forward to the next chapter in Globalstar’s lifesaving technology.”

The ground stations use new high-power antennas designed and manufactured specifically for Apple by Cobham Satcom in Concord, California. Cobham’s employees engineer and manufacture the high-powered antennas, which will receive signals transmitted by the satellite constellation. Along with communicating via text with emergency services, iPhone users can launch their Find My app and share their location via satellite when there is no cellular and Wi-Fi connection, providing a sense of security when off the typical communications grid.

To increase reliability and coverage, these new antennas were installed in all Globalstar worldwide ground stations, including new ground stations in Nevada and Hawaii, as well as existing facilities in Texas, Alaska, Florida, and Puerto Rico. Several antennas at each ground station communicate with the satellites and relay the information provided by the user so they can get the help they need.

To connect iPhone with the satellite network, users communicate over the mobile satellite services spectrum, which Globalstar has operated in the US for the past 20 years. With upgraded ground stations, and soon an updated satellite constellation, Apple and Globalstar will ensure the spectrum continues to enable emergency services.

In addition to the groundbreaking safety features, the iPhone 14 lineup features advanced camera systems, all-day battery life, and industry-leading durability features. Customers looking to upgrade to the iPhone 14 lineup can save up to $1,000 with trade-in — either online at apple.com or at an Apple Store — when they activate their device with select US carriers.

In 2021, Apple announced an acceleration its US investments, with plans to make new contributions of more than $430 billion over a five-year period.

Press Contacts

Nick Leahy

Apple

nleahy@apple.com

(408) 862-5012

Apple Media Helpline

media.help@apple.com

(408) 974-2042

Source link

Economy

Energy stocks help lift S&P/TSX composite, U.S. stock markets also up

Published

16 mins ago

September 17, 2024

Anne Joseph

TORONTO – Canada’s main stock index was higher in late-morning trading, helped by strength in energy stocks, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 34.91 points at 23,736.98.

In New York, the Dow Jones industrial average was up 178.05 points at 41,800.13. The S&P 500 index was up 28.38 points at 5,661.47, while the Nasdaq composite was up 133.17 points at 17,725.30.

The Canadian dollar traded for 73.56 cents US compared with 73.57 cents US on Monday.

The November crude oil contract was up 68 cents at US$69.70 per barrel and the October natural gas contract was up three cents at US$2.40 per mmBTU.

The December gold contract was down US$7.80 at US$2,601.10 an ounce and the December copper contract was up a penny at US$4.28 a pound.

This report by The Canadian Press was first published Sept. 17, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link

Economy

S&P/TSX gains almost 100 points, U.S. markets also higher ahead of rate decision

Published

4 days ago

September 13, 2024

Anne Joseph

TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets climbed to their best week of the year.

“It’s been almost a complete opposite or retracement of what we saw last week,” said Philip Petursson, chief investment strategist at IG Wealth Management.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

While last week saw a “healthy” pullback on weaker economic data, this week investors appeared to be buying the dip and hoping the central bank “comes to the rescue,” said Petursson.

Next week, the U.S. Federal Reserve is widely expected to cut its key interest rate for the first time in several years after it significantly hiked it to fight inflation.

But the magnitude of that first cut has been the subject of debate, and the market appears split on whether the cut will be a quarter of a percentage point or a larger half-point reduction.

Petursson thinks it’s clear the smaller cut is coming. Economic data recently hasn’t been great, but it hasn’t been that bad either, he said — and inflation may have come down significantly, but it’s not defeated just yet.

“I think they’re going to be very steady,” he said, with one small cut at each of their three decisions scheduled for the rest of 2024, and more into 2025.

“I don’t think there’s a sense of urgency on the part of the Fed that they have to do something immediately.

A larger cut could also send the wrong message to the markets, added Petursson: that the Fed made a mistake in waiting this long to cut, or that it’s seeing concerning signs in the economy.

It would also be “counter to what they’ve signaled,” he said.

More important than the cut — other than the new tone it sets — will be what Fed chair Jerome Powell has to say, according to Petursson.

“That’s going to be more important than the size of the cut itself,” he said.

In Canada, where the central bank has already cut three times, Petursson expects two more before the year is through.

“Here, the labour situation is worse than what we see in the United States,” he said.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

— With files from The Associated Press

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link

Economy

S&P/TSX composite down more than 200 points, U.S. stock markets also fall

Published

2 weeks ago

September 6, 2024

Anne Joseph

TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 239.24 points at 22,749.04.

In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.

The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.

The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.

The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.

This report by The Canadian Press was first published Sept. 6, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link