Corporate | 20 November 2008 16:18
OHB Technology AG / Contract
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OHB and ESA Signing Contract for the Development, Construction and Testing
of the Satellite Platform for the First Small Geo Mission
Bremen, November 20, 2008 – The European Space Agency ESA and OHB-System
AG, a subsidiary of the European space travel and technology group OHB
Technology AG (Prime Standard, ISIN: DE0005936124), have today signed a
contract for the construction and testing of the satellite platform LUXOR
for the first SMALL GEO Mission. The contract has a volume of around EUR
115 million.
The new satellite platform LUXOR is being developed by a European
industrial team under the lead management of OHB-System AG. The industrial
team comprises the Swedish Space Corporation, Oerlikon Space AG
(Switzerland), and LUXSPACE Sàrl (Luxembourg).
The first SMALL GEO Mission based on the new satellite platform will be
launched as 'Hispasat Advanced Generation 1' with a payload used by the
Spanish satellite operator Hispasat. Following the signature of today,
OHB-System and Hispasat will sign among them the contract in the next few
weeks. OHB-System will be satellite payload prime in the programme; Tesat
Spacecom will be the subcontractor for the payload. Hispasat AG1 is
scheduled for launching in 2012.
Hispasat AG1 will be placed in a geostationary orbit at an altitude of
36,000 kilometers, where it will supply Spain, Portugal, the Canary Island
and South America with multimedia services. Hispasat will be integrating
the Hispasat AG1 satellite in its existing fleet of geostationary
communications satellites.
Hispasat AG1 as the first Small GEO Mission marks the first time in more
than 25 years that Germany has assumed system management role in
telecommunications satellites.
Contact for media representatives: Contact for investors and analysts:
Steffen Leuthold Michael Vér
Corporate Communications Investor Relations
Tel.: +49 421 – 2020-620 Tel.: +49 421 – 2020-727
Fax: +49 421 – 2020-613 Fax: +49 421 – 2020-613
E-Mail: leuthold@ohb-system.de E-Mail: ver@ohb-technology.de
www.ohb-system.de www.ohb-technology.de
20.11.2008 Financial News transmitted by DGAP
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Language: English
Issuer: OHB Technology AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Deutschland
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb-technology.de
Internet: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
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