Telesat Signs Airbus Defence and Space to Further Develop the Design for Telesat’s Global LEO Satellite Constellation

Ottawa Canada, August 1, 2018 – Telesat is pleased to announce that it has entered into an agreement with Airbus Defence and Space (Airbus) to further develop the system design for Telesat’s LEO constellation. This follows closely on Telesat’s July 30th announcement that it has signed the consortium of Thales Alenia Space and Maxar to undertake a similar scope of work on Telesat’s LEO program.

Telesat now has two separate teams, comprised of industry leading satellite manufacturing companies, who will work in close cooperation with Telesat over the coming months in a series of engineering activities and technical reviews. These efforts   will culminate in each team submitting a firm proposal for final design and manufacture of Telesat’s LEO satellites and ground system infrastructure. Telesat anticipates deciding by mid-2019 on a prime contractor for Telesat’s LEO program – space segment, ground segment and system integration.

Telesat’s state-of-the-art LEO constellation will combine the company’s global spectrum rights in Ka-band with Telesat’s proprietary LEO architecture to transform global communications. Telesat LEO will offer an unsurpassed combination of capacity, speed, security, resiliency and low cost with latency that is as good as, or better than, the most advanced terrestrial networks. Able to serve the entire globe, it will become a core component in satisfying many of the world’s most challenging communications requirements. Telesat LEO will accelerate 5G expansion, bridge the digital divide with fiber-like high speed services into rural and remote communities, and set new levels of performance for commercial and government broadband on land, sea and in the air.

“Airbus has built a tremendous record in satellite manufacturing and Telesat is pleased to have concluded this agreement that will result in Airbus further developing their design and submitting a final proposal for Telesat’s full LEO system, both space and ground segment,” said Erwin Hudson, Vice President Telesat LEO. “We now have two outstanding teams – Airbus and Thales Alenia Space-Maxar – supporting Telesat LEO. Each brings a broad range of technical skills and experience along with a strong belief in the project and a commitment to its success. Telesat looks forward to this next phase of the program and to selecting a prime contractor to develop our LEO space and ground infrastructure.”

About Telesat (www.telesat.com)

Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company’s state-of-the-art fleet consists of 16 GEO satellites, the Canadian payload on ViaSat-1 and one Phase 1 LEO satellite which is the start of Telesat’s planned global LEO satellite constellation that will offer low latency, high throughput broadband services. An additional GEO satellite is scheduled for launch in August 2018. Telesat is also a leading technical consultant providing high value expertise and support to satellite operators, insurers and other industry participants on a global basis. Privately held, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).

Forward-Looking Statements Safe Harbor

This news release contains statements that are not based on historical fact and are ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “anticipates”, “will”, “undertake”, “further”, “coming months”, “looks forward to”, 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. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the fiscal year ended December 31, 2017 which can be obtained on the SEC website at http://www.sec.gov. 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, the ability to successfully deploy an advanced global LEO satellite constellation, volatility in exchange rates and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.

For further information:

Gerry Nagler, Telesat +1 908 470-4907 (gnagler@telesat.com)

Download Attachment