Completion of System Definition and Risk Management Phase
CANNES, France and WESTMINSTER, Colo. – May 6, 2019 - Thales Alenia Space, a Joint Venture between Thales (67 %) and Leonardo (33 %) and Maxar Technologies (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 Maxar, 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, announced the success of the System Requirements Review.
The Thales Alenia Space / Maxar 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 Maxar, 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 Maxar’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 Maxar and Thales Alenia Space’s experience in building LEO constellations and also integrates advanced technologies from Maxar’s MDA business,” said Megan Fitzgerald, Maxar’s Senior Vice President and General Manager of Space Solutions. “For over 60 years, Maxar 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 Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar 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.
Thales Alenia Space Contacts
Sandrine Bielecki | +33 (0)492 927 094 | firstname.lastname@example.org
Chrystelle Dugimont | +33 (0)492 927 406 | email@example.com
Cinzia Marcanio | +39 (0)641 512 685 | cinzia.marcanio@thalesaleniaspacecom
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar 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 Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization. As a trusted partner with 5,900 employees in over 30 global locations, Maxar 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 Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR.
For more information, visit www.maxar.com.
Omar Mahmoud | Maxar Media Contact | 1-650-852-5388 | firstname.lastname@example.org
Jason Gursky | Maxar Investor Relations | 1-303-684-2207 | email@example.com
Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
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 www.sec.gov, under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com.
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.