Space Systems/Loral-built satellite for EchoStar successfully launched, begins post-launch maneuvers
PALO ALTO, CA, Nov. 22, 2012, 2012 (Canada NewsWire via COMTEX) --
Space Systems/Loral (SS/L), a
leading provider of commercial satellites, today announced that the
EchoStar XVI satellite, designed and built for EchoStar Corporation
(NASDAQ: SATS), was launched November 20, 2012 and is successfully
performing post-launch maneuvers according to plan. The satellite
deployed its solar arrays on schedule following its launch aboard a
Proton Breeze M launch vehicle provided by International Launch
Services (ILS) from the Baikonur Space Center in Kazakhstan.
"EchoStar and SS/L have a long history of collaboration and teamwork,"
said John Celli, president of Space Systems/Loral. "The power and
capability of EchoStar XVI to deliver high-definition television
services is a testament to this ongoing relationship and we are pleased
to see the satellite successfully launched."
EchoStar XVI is a high power 20-kilowatt direct broadcast satellite
(DBS) that is fully leased to DISH Network. It will provide a broad
range of Direct-to-Home (DTH) services in the United States. It has
CONUS and spot beam transponders and will be positioned at 61.5 degrees
EchoStar XVI is based on the highly reliable Space Systems/Loral 1300
space-proven platform, which has the flexibility to support a broad
range of applications and technology advances. The spacecraft is
designed to deliver service for 15 years or more. With this launch,
there are 72 SS/L-built satellites currently on orbit.
About EchoStar Corporation
EchoStar Corporation (NASDAQ: SATS) is the premier global provider of
satellite operations and video delivery solutions. EchoStar's
wholly-owned subsidiary, Hughes, is the world's leading provider of
satellite broadband services, delivering network technologies and
managed services for enterprise and government customers in more than
Headquartered in Englewood, Colorado, with additional business units
world-wide, EchoStar is a multiple Emmy award-winning company that has
pioneered advancements in the set-top box and satellite industries for
nearly 30 years, consistently delivering value for customers, partners
and investors through innovation and outstanding quality. Over the last
three decades EchoStar's contribution to video technology has been a
major influencer to shifts in the way consumers view, receive and
manage TV programming.
EchoStar's consumer solutions include HughesNet®, North America's #1
high-speed satellite Internet service, Sling Media's Slingbox®
products, and EchoStar's line of advanced digital video set-top box
products for the European free satellite and terrestrial viewer
markets. For more information, please visit www.EchoStar.com.
About Space Systems/Loral
Space Systems/Loral, a subsidiary of MDA, 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 SS/L satellites every day. For more
information, visit www.ssloral.com.
MDA is a unique 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. In addition the Company conducts a significant
amount of advanced technology development.
MDA's well-established global customer base is served by more than 5,000
employees operating from 18 offices located in the United States,
Canada, and internationally.
The Company's common shares trade under the symbol TSX: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, 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. 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 news release.
SOURCE: MacDonald, Dettwiler and Associates Ltd.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/22/c2942.html
SOURCE: MacDonald, Dettwiler and Associates Ltd.
Wendy Keyzer TSX:MDA (604) 231-2743 email@example.com
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