PALO ALTO, CA and HONG KONG, Dec. 16, 2013 /CNW/ - Space Systems/Loral (SSL) and Asia Satellite Telecommunications Company Limited (AsiaSat) today announced the signing of a construction agreement for a
high power, multi-mission satellite, AsiaSat 9, to be used for
television broadcast, private networks and broadband services across
the Asia Pacific. The satellite is expected to be launched in 2016.
"SSL and AsiaSat have developed a successful working relationship based
on our mutual focus on quality, reliability and value," said John Celli, President of SSL. "This is our fifth satellite contract award from
AsiaSat since 2006, and we feel there is no better endorsement of our
success than this repeat business."
Designed to operate in C, Ku, and Ka-band, AsiaSat 9 will be located at
122 degrees East Longitude where it will replace AsiaSat 4. AsiaSat 9
will provide service to multiple markets with more active transponders
and higher power performance than the current satellite.
"We can depend on our trusted partner SSL to build the highly reliable
satellites that have helped us earn a reputation for quality service
and technical excellence," said William Wade, President and Chief
Executive Officer of AsiaSat. "We are very pleased that the AsiaSat 9
project is underway and once launched, it will greatly expand our
ability to serve the Asia-Pacific region with higher power and
The satellite is based on the SSL 1300 space-proven platform, which has a long history of reliability and provides the power and
flexibility to support a broad range of applications and technology
advances. The AsiaSat 9 spacecraft is designed with the flexibility to
include a weather sensor, at a future date.
AsiaSat's two new satellites AsiaSat 6 and AsiaSat 8, scheduled for launch in the first half of 2014, are also built by SSL.
Asia Satellite Telecommunications Company Limited (AsiaSat), the leading
regional satellite operator in Asia, serves over two-thirds of the
world's population with its four satellites, AsiaSat 3S at 105.5ºE,
AsiaSat 4 at 122ºE, AsiaSat 5 at 100.5ºE and AsiaSat 7. The AsiaSat
satellite fleet provides services to both the broadcast and
telecommunications industries. Over 450 television and radio channels
are now delivered by the company's satellites offering access to over
710 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 latest satellites, AsiaSat 6 and AsiaSat 8, are planned to be
launched in the first half of 2014. 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 www.asiasat.com.
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, and mobile communications.
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.
For further information:
Tel : +1 (650) 852-5188
Asia Satellite Telecommunications Company Limited
Sabrina Cubbon, Vice President, Sales and Marketing
Tel : (852) 2500 0899
Mobile : (852) 9097 1210
Email : firstname.lastname@example.org
Winnie Pang, Manager, Corporate Affairs
Tel : (852) 2500 0880
Email : email@example.com