Thermo Companies is an investment firm with a focus on acquiring and developing asset-heavy companies across various industries, including telecommunications and satellite services. They are known for their majority ownership of Globalstar, a provider of satellite and terrestrial connectivity services. Thermo Companies leverages its expertise and capital to invest in industries in transition, with a long-term investment horizon.
All verified mentions of this organization in source documents.
Airbus Defence and Space in Spain delivered the third flight model of the thermo-structural subsystem for the MTG-I satellites.
Deep Space Energy is developing a Radioisotope Thermo-Acoustic Linear Induction Generator (RTALIG) that converts heat from the natural decay of radioisotopes into electricity.
Ansys collaborated with Rolls-Royce and Intel to reduce the simulation time of the thermo-mechanical model of Rolls-Royce’s gas-turbine engine from more than 1,000 hours to less than 10 hours.
Airbus pioneered the use of silicon carbide for Sentinel-2 telescope structures to provide very high optical stability and minimize thermo-elastic deformation.
Airbus pioneered the use of silicon carbide in Sentinel-2 telescope structures to provide high optical stability and minimize thermo-elastic deformation.
At the start of May, Rocket Factory Augsburg completed a power-pack test in which the turbopump and pre-burner operated in a stable, steady-state thermo-mechanical condition for a total burn time of 8 seconds.
Globalstar borrowed $199,000,000 on 2019-11-26 in a financing led by EchoStar and Thermo.
Thermo agreed to convert a 2009 loan into stock, freeing Globalstar from $131,000,000 it still owed, of which $87,500,000 was interest payments, as disclosed in a 2019-11-12 SEC filing.
Globalstar is borrowing $199,000,000 through a loan arranged by its controlling shareholder Thermo and fleet operator EchoStar.
A Monroe-led effort to combine Globalstar with the landline company FiberLight, both owned by Monroe’s Thermo Capital, disintegrated on 2018-08-01 after a legal battle with Mudrick Capital Management.
The merger arrangement between Globalstar and the Thermo Capital–owned landline company was valued at $1,650,000,000 and was initially expected to close this quarter.
Thermo Capital is merging Globalstar with the landline company FiberLight in a $1,650,000,000 deal intended to help pay off Globalstar’s debts.
Thermo is injecting $100,000,000 in cash and 15.5 million shares of CenturyLink, currently worth about $285 million, into the combined entity.
Globalstar said its $1,700,000,000 in net operating losses should enable tax-efficient growth for Thermo Companies.