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Skybox Imaging selects SSL to build 13 Low Earth Orbit imaging satellites
|By PR Newswire
|February 10, 2014 05:00 PM EST
PALO ALTO, CA, Feb. 10, 2014 /PRNewswire/ - Space Systems/Loral (SSL), a leading provider of commercial satellites, today announced it was awarded a contract by Skybox Imaging to build an advanced constellation of Low Earth Orbit (LEO) satellites
for Earth imaging. The contract award helps SSL, which is best known
for its high-power geostationary communications satellites, to further
expand its capabilities building LEO imaging satellites and solutions.
SSL will build 13 small LEO satellites, each about 60 x 60 x 95
centimeters and weighing roughly 120 kilograms, to be launched in 2015
and 2016. These satellites, based on a Skybox design, will capture
sub-meter color imagery and up to 90-second clips of HD video with 30
frames per second. Once the 13 satellites are launched, Skybox will be
able to revisit any point on Earth three times per day.
"With the successful launch of SkySat-1 in November 2013, we validated
our high-performance imaging satellite design and economics," said
Michael Trela, vice president of satellite systems, Skybox Imaging. "By
partnering with SSL, we can leverage their unique production
capabilities to scale with greater cost-efficiency and speed while
allowing us to focus on prototyping next generation systems to better
serve our customers."
"The contract award from Skybox is tangible evidence of our success in
working with MDA to expand into new markets," said John Celli,
president of SSL. "Based on SSL's unique strengths as a satellite
manufacturer and MDA's heritage, we are developing new capabilities
that will enable us to pursue other Earth observation and LEO satellite
opportunities in the U.S. and abroad."
As part of the agreement, Skybox granted SSL an exclusive license to the
satellite design. This provides SSL with a unique platform to address
the growing demand for small satellites and related services.
About Skybox Imaging
Skybox Imaging (Skybox) empowers global businesses to make better
decisions with timely, high fidelity imagery and infinite analytics. By
combining the power of web technologies and a constellation of
high-resolution imaging satellites, Skybox is generating a unique data
source describing daily global activity with timely, accessible,
sub-meter color imagery and high definition video of the Earth. Founded
in 2009, Skybox Imaging is backed by leading venture firms and
comprised of internet and aerospace professionals. For more
information, visit www.skybox.com.
SSL 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 SSL satellites every day.
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.
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