PALO ALTO, CA, April 28, 2014 /CNW/ - Space Systems/Loral (SSL), a leading provider of commercial satellites, today announced that it was selected to provide a satellite to PT. Bank Rakyat Indonesia (Persero) Tbk (BRI), the oldest and most profitable bank in Indonesia. The SSL-built
satellite will make BRI the first bank in the world to launch a
communications satellite, and will provide a dedicated platform for
banking connection services for the people of Indonesia.
BRIsat is a C-band and Ku-band satellite that will be positioned at
150.5 degrees East longitude with coverage of South East Asia and
Indonesia. It will help BRI provide secure banking communications for
its over 9,800 branches, over 100,000 electronic channel outlets and
over 50 million customers across Indonesia.
"SSL is pleased to partner with BRI on its first satellite," said John
Celli, president of SSL. "It is an honour to work with this venerable
institution that has done so much to serve the people of Indonesia and
to strengthen its economy."
BRIsat is based on the SSL 1300 satellite platform, which has the
flexibility to support a broad range of applications and technology
advances. Scheduled for launch in 2016, it will provide service for 15
years or longer.
"BRI selected SSL, the leading communications satellite manufacturer in
the world, because of their reputation for quality, heritage and
reliability," said BRI President Director Sofyan Basir. "Because over
50 million Indonesian customers count on BRI for their financial needs,
the success of the BRIsat satellite project is our highest priority. We
look forward to working with SSL on the successful initiation and
delivery of our first satellite."
In addition to the BRIsat satellite, SSL will provide a complete ground
system, which includes two satellite control facilities, as well as
training, and launch support services.
Bank Rakyat Indonesia (Persero) Tbk. (BRI) is one of the largest
state-owned banks in Indonesia. BRI went to public through Initial
Public Offering in 2003 and became one of the blue chip stock traded in
the Indonesia Stock Exchange. The Indonesian Government still keeps the
majority share of 56.75%. For more detail, visit www.bri.co.id.
SSL, a subsidiary of MDA, has a long history of delivering reliable
satellites and spacecraft systems for commercial and government
customers around the world. As a 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
SSL satellites every day. For more information, visit www.sslmda.com.
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
MDA's business is focused on markets and customers with strong repeat
business potential, primarily in the Communications sector and the
Surveillance and Intelligence sector. In addition, the Company conducts
a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800
employees operating from 11 locations in the United States, Canada, and
MacDonald, Dettwiler and Associates Ltd.'s (MDA) common shares trade on
the Toronto Stock Exchange under the symbol "MDA."
This news release contains forward-looking statements and information,
which reflect the current view of MacDonald, Dettwiler and Associates
Ltd. and its subsidiaries (collectively "MDA" or the "Company") 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, delays in technical solutions
and work-around processes, launch failures, in-orbit failures or
impaired satellite performance; risks associated with satellite
manufacturing, including competition, cyclicality of MDA's end-user
markets, contractual risks, creditworthiness of customers, performance
of suppliers and management of MDA'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, injunctions or court
orders. The foregoing list of important factors is not exhaustive. The
information contained in this news release reflects MDA's beliefs,
assumptions, intentions, plans and expectations as of the date of this
news release. Except as required by law, MDA disclaims any obligation
or undertaking to update or revise the information herein.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
the Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, which are available
online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE: MacDonald, Dettwiler and Associates Ltd.
For further information:
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