XTAR, LLC
 




XTAR-EUR SATELLITE ARRIVES IN FRENCH GUIANA

Space Systems/Loral-Built Satellite to Provide Steerable, High-Bandwidth X-Band Capacity For Military and Government Applications

WASHINGTON, D.C. – October 15, 2004 – XTAR, the world’s first commercial provider of X-band services, today announced that its XTAR-EUR satellite has arrived at the European Spaceport in Kourou, French Guiana, and is undergoing preparations in advance of its launch aboard an Ariane 5 rocket. XTAR is a joint venture between Loral Space & Communications and HISDESAT.

The XTAR-EUR satellite will be located at 29 degrees East longitude, providing a wide footprint extending from the Eastern Atlantic to Southeast Asia. The satellite features on-board switching and multiple steerable theater beams that allow X-band capacity to focus on its users as they travel anywhere within the footprint of the satellite. XTAR-EUR is designed to work with existing X-band terminals, including dishes under 2.4 meters.

XTAR expects to begin offering its X-band services to government users in the United States, Spain, and other friendly and allied nations in early 2005.

Weighing 3,600 kilograms at launch, XTAR-EUR is based on Space Systems/Loral’s (SS/L) space-proven 1300 platform and carries twelve wideband, high-power X-band transponders. XTAR-EUR has a 15-year designed service life and maintains station-keeping and orbital stability by using bipropellant propulsion and momentum-bias systems. In all, SS/L satellites have amassed more than 1,100 years of on-orbit service.

XTAR, LLC is a new satellite communications company committed to serving the needs of U.S., Spanish and allied governments. The company is a joint venture between Loral, which owns 56 percent, and HISDESAT, which owns 44 percent. XTAR is headquartered in Rockville, Md., and has offices in Madrid, Spain, and Palo Alto, Calif.

HISDESAT Servicios Estratégicos S.A. is a Spanish company headquartered in Madrid and incorporated on July 17, 2001. HISDESAT’s aims are the acquisition, operation and commercialization of government-oriented space systems, beginning with satellite communications in the X- and Ka-band frequencies. HISDESAT is owned jointly by Hispasat, S.A., the Spanish commercial satellite services company, INSA (100% owned by the Spanish government) and the leaders of Spain’s space industries: EADS-CASA Espacio, INDRA and SENER. HISDESAT will provide enhanced capabilities, including Ka-band, for Spain’s defense applications.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that include mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and government customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. SS/L is ISO 9001:2000 certified. For more information, visit Space Systems/Loral’s web site at www.ssloral.com.

Loral Space & Communications is a satellite communications company. In addition to Space Systems/Loral, through its Skynet subsidiary Loral owns and operates a fleet of telecommunications satellites used to broadcast video entertainment programming, and for broadband data transmission, Internet services and other value-added communications services. For more information, visit the Loral Space & Communications web site at www.loral.com.

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An artist’s rendering of the XTAR-EUR satellite

This document contains forward-looking statements. In addition, XTAR, its affiliates and their representatives have made or may make forward-looking statements, orally or in writing, which may be included in but are not limited to, various filings made with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions.

Contact:
John McCarthy
Loral Space & Communications
212-697-1105

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