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    Lyman Delano

    Partner and Portfolio Manager-Equities at Beck, Mack & Oliver

    Lyman Delano is a Partner and Portfolio Manager-Equities at Beck, Mack & Oliver LLC, specializing in concentrated, long-term investments across sectors such as alternative asset management and insurance. He has contributed to the firm's strong absolute, risk-adjusted returns, including the BMO Endowment composite’s consistent outperformance of the S&P 500 since its 1982 inception, with annualized net returns as high as 49% in recent years. Delano began his investment career after earning a B.A. from Trinity College in 1975, previously holding senior roles at Williams, Jones & Associates, Brown Brothers Harriman & Co., and Bankers Trust before joining Beck, Mack & Oliver as a partner in 2005. As an equity portfolio manager and firm partner, he is also a registered investment adviser and holds a significant ownership stake in the $4.75 billion asset manager.

    Lyman Delano's questions to Globalstar (GSAT) leadership

    Lyman Delano's questions to Globalstar (GSAT) leadership • Q4 2024

    Question

    Lyman Delano of Beck, Mack & Oliver asked for clarification on the new satellite contracts, specifically whether the 50 Aurora satellites represent a new constellation or an upgrade to the existing one. He also requested an update on the large constellation filing made with the ITU via Germany in 2020.

    Answer

    CEO Paul Jacobs clarified that the Aurora satellites constitute a new constellation but are designed to be interoperable with the existing satellites, operating at the same altitude and using the same spectrum. Regarding the 2020 German filing, Jacobs described it as a strategic move to create future optionality for potentially larger constellations, a common practice in the industry.

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