Photo Release -- Space Systems/Loral Delivers the Intelsat 14 Satellite to Florida Launch Base
Hosted Payload Expands On SS/L Experience With Multiple Missions On Commercial Spacecraft
PALO ALTO, Calif., Sep 30, 2009 (GlobeNewswire via COMTEX News Network) -- Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (Nasdaq:LORL) and the leader in high-power commercial satellites, today announced that it delivered a satellite built for Intelsat, the world's leading provider of fixed satellite services, to the Cape Canaveral Air Force Station in Florida, where it is scheduled to launch later this year aboard an Atlas V rocket. The Intelsat 14 satellite (IS-14), which includes the first Internet Router In Space (IRIS), expands on SS/L's experience integrating hosted payloads on commercial spacecraft.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6663
"This is the 44th satellite that we have built for Intelsat and it is unique because it hosts the Internet Router In Space," said John Celli, president and chief operating officer at Space Systems/Loral. "Space Systems/Loral has significant experience putting government payloads on commercial satellites. Our platform, the 1300, is particularly well-suited to carry multiple payloads because of the extensive mounting space on its earth facing surface, high power capability, and standard interfaces."
IS-14 is a fixed satellite services (FSS) spacecraft, which will replace the Intelsat 1R satellite at 315 degrees East longitude where it will ensure continued service for enterprises, governments, service and media providers to deliver information and entertainment around the world. The IRIS payload, which was provided by Cisco Systems, will enable converged, space-ground network services including more efficient bandwidth usage, anytime-anywhere on-demand broadband services, last mile connectivity solutions, efficient one-hop communications, and next generation voice, video and data applications.
"We know we can depend on the quality and reliability of the SS/L 1300 platform," said Ken Lee, Intelsat's Senior Vice President, Space Systems. "About half of the satellites in our current active fleet are satellites that were built by Space Systems/Loral and we have three more currently under construction at the company's Palo Alto manufacturing facility. The delivery of IS-14, with its IRIS payload, is one more demonstration of the great working relationship that we have with SS/L."
The IS-14's hybrid C- and Ku-band payload will provide data, voice and video services for the Americas, Europe, and Africa. It is based on the Space Systems/Loral 1300 space-proven platform, which provides the flexibility to support a broad range of applications. With a 5.2 square meter earth facing deck, extensive heat dissipation capacity, and a modular design, the 1300 spacecraft bus is ideal for hosted payloads and multi-mission satellites.
About Intelsat
Intelsat is the world's leading provider of fixed satellite services. For 45 years, Intelsat has been delivering information and entertainment for many of the world's leading media and network companies, multinational corporations, Internet service providers and governmental agencies. Intelsat's satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.
About Space Systems/Loral
Based in Palo Alto, California, SS/L designs and builds satellites and spacecraft systems for commercial and government customers around the world. As the leading provider of commercial satellites, the company works closely with satellite operators to deliver spacecraft for a broad range of services including direct-to-home television, digital audio radio, broadband Internet, and digital multimedia broadcasting. With more active transponders on three-axis controlled spacecraft than any other satellite manufacturer, SS/L helps customers meet business objectives with advanced solutions based on space-proven heritage designs. For more information, visit www.ssloral.com.
About Loral Space & Communications
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 www.loral.com. 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 most recent annual report on Form 10-K and subsequent reports on Form 10-Q. The reader is specifically referred to these documents, 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 the global economic downturn, our history of losses and financial covenants in SS/L's credit agreement; (2) risks associated with satellite manufacturing, including competition, 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.
(Photo: http://www.primezone.com/newsroom/prs/?pkgid=)
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Loral Space & Communications, Inc.
CONTACT: Space Systems/Loral
Wendy Lewis
+1 (650) 852-5188
© Copyright 2009 GlobeNewswire, Inc. All rights reserved.
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