PALO ALTO, CA, May 12, 2017 /PRNewswire/ - Space Systems Loral (SSL), a leading provider of innovative satellites and spacecraft systems, today announced that the BulgariaSat-1 satellite, designed and built for Bulgaria Sat, an affiliate of Bulsatcom, which is a leading telecommunications company and the largest provider of pay-TV services in Bulgaria, has arrived at the Cape Canaveral Air Force Station, where it will be launched aboard a space-proven Falcon 9 vehicle provided by SpaceX. BulgariaSat-1 will be Bulgaria's first satellite. SSL is a subsidiary of MacDonald, Dettwiler and Associates Ltd. (TSX:MDA), a global communications and information company.
"SSL has a history of working closely with new satellite operators to help them move their businesses forward," said John Celli, president of SSL. "We are pleased that this first satellite ever built for a company in Bulgaria has safely arrived at Cape Canaveral Air Force Station, and look forward to BulgariaSat-1 making history as the second satellite ever to launch on a Falcon 9 that has flown a previous mission. Launch vehicle reuse is an important enabler for the satellite industry."
BulgariaSat-1 will provide high quality Direct-to-Home television and telecommunications services in the Balkans and other European regions. It is equipped with 30 Ku-band BSS transponders to broaden the availability of advanced television services such as high definition television.
"BulgariaSat-1 is an essential part of Bulsatcom's strategy to expand high quality TV and communications offerings to meet customer demand," said Maxim Zayakov, chief executive officer of Bulgaria Sat. "SSL has been an excellent partner in helping us make our vision a reality and we eagerly await next month's launch."
Based on the powerful SSL 1300 platform, the satellite is designed to provide service for 15 years or more.
About Bulgaria Sat and Bulsatcom
Bulgaria Sat is an affiliate of Bulsatcom, which is a leading telecommunications company and the largest provider of pay-TV services in Bulgaria. Bulgaria Sat is the only satellite operator and the country's innovator in space industry, providing reliable and secure satellite communications solutions to broadcast, telecom, corporate and government customers. Bulgaria Sat is headquartered in Sofia, Bulgaria.
Bulsatcom is the largest pay-TV provider in Bulgaria, providing more than 100 digital TV channels – including exclusive content – as well as broadband internet access. Bulsatcom's leading market position is based on outstanding customer support and high-quality broadcast services.
Space Systems Loral (SSL) is a leading provider of commercial satellites with broad expertise to support satellite operators and innovative space related missions. The company designs and manufactures spacecraft for services such as direct-to-home television, video content distribution, broadband internet, mobile communications, and Earth observation. As a Silicon Valley innovator for 60 years, SSL's advanced product line also includes state-of-the-art small satellites, and sophisticated robotics and automation solutions for remote operations. For more information, visit www.sslmda.com.
This news release contains forward-looking statements and information, which reflect the current view of Space Systems Loral (SSL) 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, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of SSL's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of SSL'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. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects SSL's beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, SSL disclaims any obligation or undertaking to update or revise the information herein.