PALO ALTO, CA, Sept. 8, 2014 /CNW/ - Space Systems/Loral (SSL), a leading provider of commercial satellites, today announced that it was selected to provide a communications
satellite for Bulgaria Sat, an affiliate of Bulsatcom, which is a
leading telecommunications company and the largest provider of pay-TV
services in Bulgaria. The satellite, which will provide Direct-to-Home
(DTH) television service in the Balkan region, will be Bulgaria Sat's
first dedicated satellite.
"SSL has a long history of working with both large established satellite
operators and newer ventures to provide highly reliable satellites for
today's advanced services," said John Celli, president of SSL. "It has
been a pleasure to help Bulgaria Sat reach this milestone of ordering
its first satellite, which will help expand connectivity in the region,
bringing the latest in up-to-date information and entertainment."
The satellite, BulgariaSat-1, will provide DTH services and fixed
satellite services in the Balkans and other European regions to help
meet the growing demand for telecommunications services. BulgariaSat-1
will be equipped with 2 Ku-band FSS transponders and 30 Ku-band BSS
transponders for fixed satellite services and advanced television
services such as high definition television.
"We selected SSL to manufacture our first satellite early on, based on
its history of success and reliability," said Maxim Zayakov, chief
executive officer of Bulgaria Sat. "SSL has been an excellent partner
in helping us bring this project to fruition."
SSL assisted Bulgaria Sat in obtaining all of the financing for the
satellite, including export credit financing from the Export-Import
Bank of the United States. BulgariaSat-1 will be delivered in-orbit,
following its launch on a SpaceX Falcon 9 rocket in 2016.
BulgariaSat-1 is based on the space-proven SSL 1300 satellite platform
that provides the flexibility for a broad range of applications and
technology advances. It is designed to deliver service for 15 years or
About Bulgaria Sat and Bulsatcom
Bulgaria Sat AD is a Bulgarian joint stock company established by the
owners of Bulsatcom for the specific purpose of procuring and operating
the BulgariaSat-1 telecommunications satellite. Bulsatcom is the
largest pay-TV provider in Bulgaria, providing more than 100 digital TV
channels - including exclusive content - as well as broadband internet
access. Their leading market position is based on outstanding customer
support and high-quality uninterrupted broadcast services.
SSL 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, mobile communications and
Earth observation. Billions of people around the world depend on SSL
satellites every day. For more information, visit www.sslmda.com.
This news release contains forward-looking statements and information,
which reflect the current view of Space Systems/Loral (SSL) with
respect to future events and financial performance. When used in this
news 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. Actual results may differ materially from the
expectations expressed or implied in the forward-looking statements as
a result of known and unknown risks and uncertainties. Known risks and
uncertainties include but are not limited to: risks associated with
operating satellites and providing satellite services, including
satellite construction or launch delays, launch failures, in-orbit
failures or impaired satellite performance; risks associated with
satellite manufacturing, including competition, cyclicality of SSL's
end-user markets, contractual risks, creditworthiness of customers,
performance of suppliers and management of SSL's factory and personnel;
risk associated with financial factors such as volatility in exchange
rates, increases in interest rates, restrictions on access to capital,
and swings in global financial markets; risks associated with domestic
and foreign government regulation, including export controls and
economic sanctions; and other risks, including litigation. The
foregoing list of important factors is not exhaustive. The information
contained in this news release reflects SSL's beliefs, assumptions,
intentions, plans and expectations as of the date of this news release.
Except as required by law, SSL disclaims any obligation or undertaking
to update or revise the information herein.
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