PALO ALTO, CA, April 28, 2014 /CNW/ - Space Systems/Loral (SSL), a leading
provider of commercial satellites, today announced that it was selected to
provide a satellite to PT. Bank Rakyat Indonesia (Persero) Tbk (BRI), the
oldest and most profitable bank in Indonesia. The SSL-built satellite will
make BRI the first bank in the world to launch a communications satellite, and
will provide a dedicated platform for banking connection services for the
people of Indonesia.
BRIsat is a C-band and Ku-band satellite that will be positioned at 150.5
degrees East longitude with coverage of South East Asia and Indonesia. It will
help BRI provide secure banking communications for its over 9,800 branches,
over 100,000 electronic channel outlets and over 50 million customers across
"SSL is pleased to partner with BRI on its first satellite," said John Celli,
president of SSL. "It is an honour to work with this venerable institution
that has done so much to serve the people of Indonesia and to strengthen its
BRIsat is based on the SSL 1300 satellite platform, which has the flexibility
to support a broad range of applications and technology advances. Scheduled
for launch in 2016, it will provide service for 15 years or longer.
"BRI selected SSL, the leading communications satellite manufacturer in the
world, because of their reputation for quality, heritage and reliability,"
said BRI President Director Sofyan Basir. "Because over 50 million Indonesian
customers count on BRI for their financial needs, the success of the BRIsat
satellite project is our highest priority. We look forward to working with SSL
on the successful initiation and delivery of our first satellite."
In addition to the BRIsat satellite, SSL will provide a complete ground
system, which includes two satellite control facilities, as well as training,
and launch support services.
Bank Rakyat Indonesia (Persero) Tbk. (BRI) is one of the largest state-owned
banks in Indonesia. BRI went to public through Initial Public Offering in 2003
and became one of the blue chip stock traded in the Indonesia Stock Exchange.
The Indonesian Government still keeps the majority share of 56.75%. For more
detail, visit www.bri.co.id.
SSL, a subsidiary of MDA, has a long history of delivering reliable satellites
and spacecraft systems for commercial and government customers around the
world. As a 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 SSL satellites every day. For more information, visit
MDA is a global communications and information company providing operational
solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business
potential, primarily in the Communications sector and the Surveillance and
Intelligence sector. In addition, the Company conducts a significant amount of
advanced technology development.
MDA's established global customer base is served by more than 4,800 employees
operating from 11 locations in the United States, Canada, and internationally.
MacDonald, Dettwiler and Associates Ltd.'s (MDA) common shares trade on the
Toronto Stock Exchange under the symbol "MDA."
Related Websites: www.mdacorporation.com
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, delays in technical solutions and work-around
processes, 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, injunctions or
court orders. 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
The Toronto Stock Exchange has neither approved nor disapproved the form or
content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
Wendy Keyzer MDA External Relations (604) 231-2743 email@example.com
To view this news release in HTML formatting, please use the following URL:
CO: MacDonald, Dettwiler and Associates Ltd.
NI: ARO SOF
-0- Apr/28/2014 12:00 GMT
Press spacebar to pause and continue. Press esc to stop.