PALO ALTO, CA, July 1, 2014 /CNW/ - Space Systems/Loral (SSL, a leading provider of commercial satellites, today announced that it was selected to provide a multi-mission communications satellite to Spanish satellite operator HISPASAT Group. The satellite, Hispasat 1F will be used for a broad range of services in Europe and the Americas.
"Hispasat 1F is the third satellite that SSL will build for HISPASAT and we are pleased to welcome our colleagues back to our facility," said John Celli, president of SSL. "Our companies share a focus on quality, reliability and value and we look forward to teaming together again to build an outstanding satellite."
Hispasat 1F is a multi-mission satellite that will provide service in Europe, North Africa, North America and South America. It will replace Hispasat 1D at 30 degrees West longitude and will provide service for television, broadband, corporate networks and other telecommunications applications.
"Once again SSL has provided us with a compelling opportunity to team together," said Carlos Espinós, chief executive officer of HISPASAT. "We are very happy to select SSL to build this satellite and are pleased to note that as a leader in geostationary satellite manufacturing, SSL benefits from Spanish built components on nearly all of its satellites."
Hispasat 1F is based on the SSL 1300 satellite platform that provides the flexibility for a broad range of applications and technology advances. Scheduled for launch in 2016, the satellite is designed to deliver service for 15 years or longer.
The HISPASAT Group
The HISPASAT Group is composed of companies with a foothold in Spain as well as in Latin America, where its Brazilian affiliate HISPAMAR, sells its services. The Group is a leading Spanish and Portuguese language content broadcaster and distributor, including over important direct-to-home television (DTH) and high-definition television (HDTV) digital platforms. HISPASAT is one of the world's largest companies in terms of revenue in its sector, and the main communications bridge between Europe and the Americas.
SSL 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, 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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