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 more.
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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