SOURCE: Space Systems/Loral

Space Systems/Loral

April 19, 2012 11:00 ET

Space Systems/Loral Completes Intelsat 19 Ahead of Schedule, Delivers Satellite to Launch Base

PALO ALTO, CA--(Marketwire - Apr 19, 2012) - Space Systems/Loral (SS/L) (NASDAQ: LORL), the world's leading provider of commercial satellites, today announced that the Intelsat 19 satellite, designed and built for Intelsat S.A., the world's leading provider of satellite services, has arrived at the Sea Launch home port in Long Beach, California. The satellite will be launched aboard a Zenit-3SL rocket from Sea Launch's launch platform Odyssey at its equatorial launch site, located at 154 degrees West longitude, in the international waters of the Pacific Ocean.

"We are very pleased to deliver the 46th SS/L-built satellite for Intelsat," said John Celli, president of Space Systems/Loral. "As industry leaders, both of our companies are committed to the highest quality service and a focus on helping broaden the world's ability to share information and communicate."

Intelsat 19 will provide commercial satellite services to high-growth regions around the Pacific Rim, replacing Intelsat 8, which hosts one of Intelsat's premier video neighborhoods. The satellite also features beams that contribute to Intelsat's global mobility network, which when complete in early 2013, will make Intelsat the first satellite operator to offer continuous worldwide broadband coverage on a single fleet to maritime and aeronautical customers.

From its orbital location at 166 degrees East, Intelsat 19 will offer primary C-band capacity for enhanced distribution of media content to the Pacific Ocean region with connectivity via the U.S. to Europe. It will also provide Ku-band Direct-to-Home (DTH) platforms and network services applications for pan-global Australia.

Based on the highly reliable Space Systems/Loral 1300 platform, the satellite has 34 Ku-band transponders that can be switched between four different footprints that cover Australia and the Pacific Ocean region, and 24 C-band transponders that will be connected to a high-power footprint covering Australia, New Zealand, Southeast Asia, Japan, and the western United States. The satellite is designed to deliver service for 15 years or more.

About Intelsat
Intelsat is the leading provider of satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world's leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat's satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.

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 2011 annual report on Form 10-K filed February 29, 2012. 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.