BERN, Switzerland, Nov. 28, 2012 /PRNewswire-iReach/ -- Sea Launch AG (Sea Launch) and Asia Satellite Telecommunications Co., Ltd. (AsiaSat) have recently entered into an option agreement covering launch services utilizing the Sea Launch Zenit 3SL launch system.
The agreement provides an option which AsiaSat may exercise for the launch of a future AsiaSat satellite on Sea Launch. Sea Launch will provide AsiaSat with an integrated schedule assurance plan in support of AsiaSat's satellite deployment plan.
"We are very pleased to build upon our relationship with AsiaSat with this very important agreement" said Kjell Karlsen, President of Sea Launch. "Sea Launch is excited to play a role for AsiaSat in assuring the on-time deployment of its spacecraft."
Sergey Gugkaev, Chief Executive Officer of Sea Launch continued "Through the continued support of RSC Energia, Sea Launch has launched four times in the past year and we continue to build momentum and execute on our business plan."
"AsiaSat is pleased to secure this launch option with Sea Launch to ensure the timely deployment of our satellites" said William Wade, President and Chief Executive Officer of AsiaSat. "Sea Launch has demonstrated its flexibility in meeting the needs of our future launch requirements and we look forward to closely working with their teams moving ahead."
About Sea Launch
Sea Launch AG, headquartered in Bern, Switzerland, provides launch solutions to the industry's satellite operator community based on the venerable Zenit launch system. These services include the provision of all–inclusive launch services as well as schedule assurance, financing, risk management; insurance and creative contracting solutions to meet the changing demands of the commercial launch market. Sea Launch AG owns and manages the primary technology, patent and other intellectual property and tangible assets of the company. These include the launch platform Odyssey and the Sea Launch Commander vessels located in the Home Port facility in Long Beach, California, and the unique know–how associated with launching satellites from an ocean–based launch platform located directly on the equator. Sea Launch AG contracts directly and exclusively with Energia Logistics Ltd. as its technical partner for the delivery and execution of Sea Launch Zenit–3SL launch services. The Sea Launch system offers the most direct and cost-effective route to geostationary orbit for commercial communications satellites, providing diversity of supply, affordability and flexibility for the industry's satellite operators. For more information, please visit the Sea Launch website at: www.sea-launch.com.
SOURCE Sea Launch AG