Telesat’s LEO 3 Demonstration Satellite Successfully Launched
July 18 2023 - 8:00AM
Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most
innovative satellite operators, today announced its LEO 3
demonstration satellite was successfully launched aboard Rocket
Lab’s Electron rocket. LEO 3 was one of seven satellites in the
rideshare mission launched from Mahia, New Zealand.
The LEO 3 satellite, built by Space Flight
Laboratory (SFL), features Ka- and V-band payloads and will provide
continuity for customer and ecosystem vendor testing campaigns
following the decommissioning of Telesat’s Phase 1 LEO satellite.
Separation of the LEO 3 satellite from the Electron rocket occurred
106 minutes after liftoff. Having achieved signal acquisition,
solar arrays deployment, and successfully passing initial satellite
health tests, SFL and Telesat are now testing the full
satellite.
“I’d like to thank our valued partners Rocket
Lab and SFL for their flawless execution on the LEO 3 mission,”
stated Dave Wendling, Telesat’s Chief Technical Officer. “We’re
eager to get LEO 3 operational and resume important customer and
vendor testing campaigns with next-generation terminals and modems
in advance of our Telesat Lightspeed network deployment.”
About Telesat
Backed by a legacy of engineering excellence,
reliability and industry-leading customer service, Telesat (NASDAQ
and TSX: TSAT) is one of the largest and most innovative global
satellite operators. Telesat works collaboratively with its
customers to deliver critical connectivity solutions that tackle
the world’s most complex communications challenges, providing
powerful advantages that improve their operations and drive
profitable growth.
Continuously innovating to meet the connectivity
demands of the future, Telesat Lightspeed, the company’s Low Earth
Orbit (LEO) satellite network, will be the first and only LEO
network optimized to meet the rigorous requirements of telecom,
government, maritime and aeronautical customers. Telesat Lightspeed
will redefine global satellite connectivity with ubiquitous,
affordable, high-capacity links with fibre-like speeds. For updates
on Telesat, follow us @Telesat on Twitter, LinkedIn, or visit
www.telesat.com.
Media Contact:Lynette Simmons+1 613 748
8729pr@telesat.com
Forward-Looking Statements Safe
Harbor
This news release contains statements that are
not based on historical fact, including financial outlook for 2023
and the growth opportunities and expected timing around the
financing of Telesat Lightspeed, and are “forward-looking
statements’’ within the meaning of the Private Securities
Litigation Reform Act of 1995 and Canadian securities laws. When
used herein, statements which are not historical in nature, or
which contain the words “will” or similar expressions, are
forward-looking statements. 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. All statements made in this press release are made
only as of the date set forth at the beginning of this release.
Telesat Corporation undertakes no obligation to update the
information made in this release in the event facts or
circumstances subsequently change after the date of this press
release.
These forward-looking statements are based on
Telesat Corporation’s current expectations and are subject to a
number of risks, uncertainties and assumptions. These statements
are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond Telesat
Corporation’s control, are difficult to predict, and could cause
actual results to differ materially from those expressed or
forecasted in the forward-looking statements. Known risks and
uncertainties include but are not limited to: inflation and rising
interest rates, 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 deploy successfully an
advanced global LEO satellite constellation, and the timing of any
such deployment; the availability of government and/or other
funding for the LEO satellite constellation; the receipt of
additional proceeds in relation to the re-allocation of C-band
spectrum; volatility in exchange rates; the ability to expand
Telesat Corporation’s existing satellite utilization; and risks
associated with domestic and foreign government regulation. The
foregoing list of important factors is not exhaustive. Investors
should review the other risk factors discussed in Telesat
Corporation’s annual report on Form 20-F for the year ended
December 31, 2022, that was filed on March 29, 2023, with the
United States Securities and Exchange Commission (“SEC”) and the
Canadian securities regulatory authorities at the System for
Electronic Document Analysis and Retrieval (“SEDAR”), and may be
accessed on the SEC’s website at https://www.sec.gov/ and SEDAR’s
website at https://www.sedar.com/.
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