SOURCE: Space Systems/Loral

Space Systems/Loral

September 30, 2011 09:12 ET

Space Systems/Loral Built QuetzSat-1 Satellite Successfully Performs Post-Launch Maneuvers

PALO ALTO, CA--(Marketwire - Sep 30, 2011) - Space Systems/Loral (SS/L) (NASDAQ: LORL), the world's leading provider of commercial satellites, today announced that the QuetzSat-1 satellite, procured by SES (Euronext Paris and Luxembourg Stock Exchange: SESG), is performing post-launch maneuvers according to plan. The satellite deployed its solar arrays early this morning, following yesterday's successful launch from the Baikonur Space Center in Kazakhstan aboard an ILS Proton Breeze M vehicle provided by International Launch Services (ILS). Tomorrow, it will begin the first of several thruster firings to maneuver into geosynchronous orbit.

"On behalf of the hundreds of people who worked on the QuetzSat program, I would like to express our excitement and pride in seeing this satellite successfully launched and performing according to plan," said John Celli, president of Space Systems/Loral. "It has been our privilege to work closely with SES over the past few years and to provide them with some of the world's most powerful satellites for advanced television services."

QuetzSat-1 is a 20-kilowatt all Ku-band communications satellite that will provide high power Direct-To-Home (DTH) services to Mexico, North America, and Central America. It is fully contracted to a subsidiary of EchoStar Corporation.

"Space Systems/Loral has helped us take the next step in our global growth strategy by providing the QuetzSat-1 satellite," said Martin Halliwell, Chief Technology Officer of SES. "We expect this satellite to provide top quality, reliable DTH services for our customer EchoStar."

QuetzSat-1 is SS/L's sixth 20-kilowatt satellite to be placed into orbit. It is based on the 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. With this launch, there are 65 SS/L-built 1300 satellites currently on orbit.

About SES
SES is a world-leading satellite operator with a fleet of 49 geostationary satellites. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators and business and governmental organisations worldwide.

SES stands for long-lasting business relationships, high-quality service and excellence in the broadcasting industry. The culturally diverse regional teams of SES are located around the globe and work closely with customers to meet their specific satellite bandwidth and service requirements.

SES (Euronext Paris and Luxembourg Stock Exchange: SESG) holds participations in Ciel in Canada and QuetzSat in Mexico, as well as a strategic participation in satellite infrastructure start-up O3b Networks. Further information under: www.ses.com.

About Space Systems/Loral
Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), 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.

About Loral Space & Communications
Loral Space & Communications is a satellite communications company. Through its Space Systems/Loral subsidiary, the company is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring, and air traffic management. Loral also owns 64 percent of Telesat, one of the world's largest providers of satellite services. Telesat operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute direct-to-home video and broadband data services, and other value-added communications services. For more information, visit Loral's Web site at www.loral.com. LORL-G

This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press 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. In addition, Loral Space & Communications Inc., Space Systems/Loral, Inc. or their representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made from time to time with the Securities and Exchange Commission, and press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results may differ materially from anticipated results as a result of certain risks and uncertainties which are described as "Risk Factors" and in the "Commitments and Contingencies" note to the financial statements in Loral's 2010 annual report on Form 10-K filed March 15, 2011. The reader is specifically referred to this document, as well as the company's other filings with the Securities and Exchange Commission. Risks and uncertainties include but are not limited to (1) risks associated with financial factors, including swings in the global financial markets, financial covenants in SS/L's credit agreement, increases in interest rates and access to capital; (2) risks associated with satellite manufacturing, including competition, cyclicality of SS/L's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of our factory and personnel; (3) regulatory risks, such as the effect of U.S. export control and economic sanction laws; and (4) other risks, including litigation. The foregoing list of important factors is not exclusive. Furthermore, Loral and SS/L operate in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the control of Loral and SS/L.