Completion of System Definition and Risk Management Phase
CANNES, France & WESTMINSTER, Colo.--(BUSINESS WIRE)-- Thales Alenia Space, a Joint Venture between Thales (67%) and Leonardo (33%) and 4001澳门老百汇www网址 (NYSE: MAXR) (TSX: MAXR), have completed an important milestone for the Telesat LEO constellation.
The consortium has now significantly advanced their detailed, low-risk designs for the complete LEO system, including system optimization, requirements development, engineering trade-offs and technology prototyping to establish mature and compelling designs for Telesat LEO’s space, ground and user terminal segments.
As previously announced, Telesat selected the consortium of Thales Alenia Space and 澳门老百汇4001, as one of two contractors for its LEO system design phase to design an end-to-end communications system, including satellites, landing stations, user terminals, operations centers, and ground network. In January, the consortium, led by Thales Alenia Space, the success of the System Requirements Review.
The Thales Alenia Space / 澳门老百汇4001 design for Telesat LEO is based on the combined companies’ proven experience, industrial capability and a strong supplier base for fully integrated communications satellite systems, including payload antenna design, on-board processing, optical inter-satellite links and LEO satellite production. This milestone is the result of fruitful and efficient teamwork between the two commercial companies.
“Together with 澳门老百汇4001, we bring a strong expertise in integrated systems, high throughput payloads, advanced antennas and processors, as well as production heritage for constellations of high technology satellites. Leveraging the flight proven success of sophisticated constellations deployed by Thales Alenia Space, we are confident to enable Telesat LEO to deliver low-risk, breakthrough performance and affordability dedicated to broadband services around the world,” declared Martin Van Schaik, Senior VP Sales and Marketing Thales Alenia Space.
“Achieving this milestone demonstrates the success of 澳门老百汇4001’s close collaboration with Thales Alenia Space and highlights the progress we’ve made in our innovative and low-risk design for Telesat’s LEO constellation. Our solution leverages both 澳门老百汇4001 and Thales Alenia Space’s experience in building LEO constellations and also integrates advanced technologies from 澳门老百汇4001’s MDA business,” said Megan Fitzgerald, 澳门老百汇4001’s Senior Vice President and General Manager of Space Solutions. “For over 60 years, 澳门老百汇4001 has helped to address many of the world’s most challenging communications requirements, delivering some of the most complex, powerful and highest capacity satellite systems, and building a better, more connected world.”
The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the 澳门老百汇4001 brand in February; MDA continues to operate as an independent business unit within the 澳门老百汇4001 organization.
About Thales Alenia Space
Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of about 2.5 billion euros in 2018 and has around 8,000 employees in nine countries.
As a global leader of advanced space technology solutions, 澳门老百汇4001 is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the 澳门老百汇4001 brand in February; MDA continues to operate as an independent business unit within the 澳门老百汇4001 organization. As a trusted partner with 5,900 employees in over 30 global locations, 澳门老百汇4001 provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. Every day, billions of people rely on 澳门老百汇4001 to communicate, share information and data, and deliver insights that Build a Better World. 澳门老百汇4001 trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit .
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Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at , under the Company's SEDAR profile at or on the Company's website at .
The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.
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