Sea Launch and EchoStar Reach Preliminary Agreement for Launch Services
Launch scheduled to take place in 2015
Bern, Switzerland and Englewood, Colorado, March 18, 2013 (GLOBE NEWSWIRE) --
SeaLaunchAG and EchoStar Satellite Services, a wholly owned subsidiary of
EchoStar Corp. (NASDAQ: SATS), have announced that Sea Launch has been
identified as the intended launch services provider for the launch of a
satellite from the ocean-based Odyssey launch platform in 2015.
Sea Launch's powerful Zenit-3SL vehicle is ideally suited for launching
heavyweight-class spacecraft, with multiple restart capability and heavy-lift
performance. Sea Launch's history with EchoStar dates back to 2003. Most
recently it launched the EchoStar XI satellite.
Sergey Gugkaev, chief executive officer ofSeaLaunch, said, "Sea Launch
welcomes the opportunity to support EchoStar's launch requirement in 2015."
Kjell Karlsen, president of Sea Launch, added, "We are pleased to extend our
relationship with EchoStar and we look forward to providing the required
flexibility, performance and diversity of supply necessary to support their
"This preliminary agreement with Sea Launch provides EchoStar with the
flexibility we require to accommodate our launch requirements as we undertake
the expansion of our North American fleet," said Anders Johnson, president of
EchoStar Satellite Services. "We have been pleased with Sea Launch's
performance on past missions and look forward to continued success."
About EchoStar Corporation
EchoStar Corporation (NASDAQ: SATS) is a 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 100 countries.
Headquartered in Englewood, CO, 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 over 30 years,
consistently delivering value for customers, partners and investors through
innovation and outstanding quality. EchoStar's contribution to video
technology continues to have a major influence on 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 set-top box products for the free satellite and terrestrial
About Sea Launch AG
Sea Launch AG provides launch solutions to the industry's satellite operator
community based on the Zenit launch system. These services include the
provision of all-inclusive launch services incorporating schedule assurance,
financing, risk management; insurance and creative contracting solutions to
meet the changing demands of the commercial launch market. Sea Launch AG owns
and manages the primary technology, patent and other intellectual property and
tangible assets of the company. These include the launch platform Odyssey and
the Sea Launch Commander vessels located in the Home Port facility in Long
Beach, California, and the unique know-how associated with launching
satellites from an ocean-based launch platform located directly on the
equator. The Sea Launch system offers the most direct and cost-effective
route to geostationary orbit for commercial communications satellites,
providing diversity of supply, affordability and flexibility for the
industry's satellite operators. For more information, please visit the Sea
Launch website at: www.sea-launch.com.
CONTACT: For Sea Launch:
+41 31 380 00 08
Bob Gold & Associates
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