SOURCE: Space Systems/Loral

Space Systems/Loral

September 16, 2010 14:44 ET

Space Systems/Loral to Help Champion Science, Technology, Engineering and Math Education

With a Commitment to the Change the Equation Organization, Space Systems/Loral Sets Goal to Inspire Students to Pursue Technology Careers

PALO ALTO, CA--(Marketwire - September 16, 2010) -  Space Systems/Loral (SS/L), the world's leading provider of commercial satellites, today announced its support for Change the Equation (CTEq), a CEO-led initiative to cultivate widespread literacy in science, technology, engineering and math (STEM). Space Systems/Loral has joined the organization's founders with funding and other resources to support STEM teaching and help inspire students to pursue technology careers. 

"The satellite manufacturing industry provides many exciting career opportunities for technically savvy workers," said John Celli, president of Space Systems/Loral. "Every day our employees work on spacecraft that are launched more than 22,000 miles above the earth's surface and provide essential services to billions of people around the world. We commend Change the Equation for its efforts to promote science and math education and we hope that exposure to companies such as ours will inspire a new generation of children to pursue engineering and technology careers."

CTEq's goals are to:

  1. Improve STEM teaching at all grade levels, with a larger and more racially, ethnically and gender-diverse pool of highly-capable STEM teachers.

  2. Deepen student appreciation and excitement for STEM programs and careers to increase enrollment and success, especially among females and students of color.

  3. Achieve a sustained commitment to the STEM movement from business leaders, government officials, STEM teachers and other stakeholders through communication, collaboration and data-based decision making.

In alignment with these CTEq initiatives, SS/L will provide resources to local schools and will invite students who display proficiency in science and technology to get a first hand look at how communications satellites are designed, built and tested. 

Change the Equation was founded by Craig Barrett (former CEO, Intel), Glenn Britt (CEO, Time Warner Cable), Ursula Burns (CEO, Xerox), Antonio Perez (CEO, Kodak), Sally Ride (CEO, Sally Ride Science), the Bill & Melinda Gates Foundation and the Carnegie Corporation of New York. The organization is following a call to action by the federal government and President Obama to publicly champion the importance of STEM for students' workforce readiness. Change the Equation is encouraging corporations to build on and fuel the current momentum by aligning efforts to help ensure STEM investments, public and private, add up to measurable growth.

Follow Change the Equation on Twitter: http://twitter.com/changeequation

Visit Change the Equation on Facebook: http://www.Facebook.com/ChangeTheEquation

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 most recent Form 10-Q filed on August 9, 2010 and in its 2009 annual report on Form 10-K. 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 the global economic downturn, our history of losses and financial covenants in SS/L's credit agreement; (2) risks associated with satellite manufacturing, including competition, 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.

Contact Information

  • Contact:
    Wendy Lewis
    Space Systems/Loral
    +1 (650) 852-5188

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