AsiaSat Selects Space Systems/Loral to Provide Two Communications Satellites
(firmenpresse) - PALO ALTO, CA and HONG KONG -- (Marketwire) -- 11/11/11 -- (SS/L) (NASDAQ: LORL), the leading provider of , and Asia Satellite Telecommunications Company Limited (), Asia's leading satellite operator, today announced the signing of two construction agreements for two communications satellites, AsiaSat 6 and AsiaSat 8.
"We are committed to expanding our fleet in order to provide a broader range of services to meet increasing market demands for quality satellite capacity in this region," said , President and Chief Executive Officer of AsiaSat. "Our experience with Space Systems/Loral has been very positive and we look forward to continuing to work together to serve our customers with some of the world's best communications satellites."
The contracts include AsiaSat 6 with a C-band payload and AsiaSat 8, with both Ku-band and Ka-band. The two satellites will serve Asia, the Middle East and Australasia and are designed on the decade's proven which provides the flexibility for a broad range of applications and technology advances. The satellites are planned to be launched by early 2014.
"AsiaSat and Space Systems/Loral both share a commitment to excellent performance and the highest quality service," said , President of Space Systems/Loral. "We delivered AsiaSat 5 in 2009 and AsiaSat 7 was shipped one month ahead of schedule and is currently at launch base in preparation for launch on November 26. I can think of no better endorsement of our success than a repeat order from a satisfied customer."
With these new contracts Space Systems/Loral has secured six satellite contract awards for 2011.
AsiaSat 6 will have 28 high-power C-band transponders while AsiaSat 8 will have 24 Ku-band transponders and a Ka-band beam. The high-power transponders on the satellite will enable the use of small antennas on the ground.
AsiaSat, the leading regional satellite operator in Asia, serves over two-thirds of the world's population with its three satellites, AsiaSat 3S at 105.5ºE, AsiaSat 4 at 122ºE and AsiaSat 5 at 100.5ºE. The AsiaSat satellite fleet provides services to both the broadcast and telecommunications industries. Over 500 television and radio channels are now delivered by the company's satellites offering access to over 620 million TV households across the Asia-Pacific region. AsiaSat also provides telecommunications operators and end users services such as voice networks, private VSAT networks and broadband multimedia. AsiaSat's new satellite AsiaSat 7 is currently in preparation for launch from Baikonur, Kazakhstan on 26 November 2011. It is a wholly-owned subsidiary of Asia Satellite Telecommunications Holdings Limited, a company listed on The Stock Exchange of Hong Kong Limited (Stock Code: 1135). For more information, please visit .
Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world's leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. For more information, visit .
Loral Space & Communications is a satellite communications company. Through its Space Systems/Loral subsidiary, the company is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring, and air traffic management. Loral also owns 64 percent of Telesat, one of the world's largest providers of satellite services. Telesat operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute direct-to-home video and broadband data services, and other value-added communications services. For more information, visit Loral's Web site at . LORL-G
This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words "believes," "expects," "plans," "may," "will," "would," "could," "should," "anticipates," "estimates," "project," "intend" or "outlook" or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. In addition, Loral Space & Communications Inc., Space Systems/Loral, Inc. or their representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made from time to time with the Securities and Exchange Commission, and press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results may differ materially from anticipated results as a result of certain risks and uncertainties which are described as "Risk Factors" and in the "Commitments and Contingencies" note to the financial statements in Loral's 2010 annual report on Form 10-K filed March 15, 2011. The reader is specifically referred to this document, as well as the company's other filings with the Securities and Exchange Commission. Risks and uncertainties include but are not limited to (1) risks associated with financial factors, including swings in the global financial markets, financial covenants in SS/L's credit agreement, increases in interest rates and access to capital; (2) risks associated with satellite manufacturing, including competition, cyclicality of SS/L's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of our factory and personnel; (3) regulatory risks, such as the effect of U.S. export control and economic sanction laws; and (4) other risks, including litigation. The foregoing list of important factors is not exclusive. Furthermore, Loral and SS/L operate in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the control of Loral and SS/L.
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Datum: 11.11.2011 - 10:00 Uhr
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