ICO Signs Launch Services and Dual Launch Study Agreement with ILS.RESTON, Va. -- ICO ICO Icon (File Name Extension) ICO In Case Of ICO Information Commissioner's Office (UK) ICO Instituto de Crédito Oficial (Spain: Official Credit Institute) Global Communications (Holdings) Limited (ICO) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ICOG ICOG Independent Church of God ) today announced that it has signed a Launch Services and Dual Launch Study Agreement with ILS ILS In currencies, this is the abbreviation for the Israeli Shekel. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. International Launch Services International Launch Services (or ILS) was formed in 1995 as a private spaceflight partnership between the United States defense contractor Lockheed Martin (LM) (LM sold their part later) and the Russian firms Khrunichev State Research and Production Space Center and RSC (ILS). With this contract, ICO has established a Proton launch services agreement for up to five launches in the 2009 through 2011 timeframe. In addition, ILS will design and propose a dual launch capability for ICO's Medium Earth Orbit Medium Earth Orbit (MEO), sometimes called Intermediate Circular Orbit (ICO), is the region of space around the Earth above low Earth orbit (2,000 kilometres (1243 mi) (MEO (Medium-Earth Orbit) A communications satellite in orbit from 1,600 to 15,000 miles above the earth. It is higher than a low-earth orbit (LEO) satellite and lower than a geostationary earth orbit (GEO) satellite. ) satellites. Bob Day, ICO's Senior Vice President, Space Systems, commented, "ILS is well-known for their reliability, and with the lift capacity of the Proton Breeze M launch vehicle, ICO looks forward to the cost effective launch of ICO's Boeing satellites or those of another satellite vendor. Our goal, of course, is to add satellites to our existing ICO MEO constellation in a timely and economic manner." "ILS successfully placed the first satellite in orbit for ICO in 2001," said Frank McKenna, President of International Launch Services. "We are very pleased to continue our direct support of ICO in this exciting next chapter of their business." About ICO ICO Global Communications (Holdings) limited (www.ico.com) is a next-generation satellite communications company based in Reston, Virginia. ICO is developing an advanced hybrid system, combining both satellite and terrestrial communications capabilities, in order to offer wireless voice, data, video, and Internet services on mobile and portable devices. About ILS International Launch Services Inc. ILS is a joint venture of Space Transport Inc., Khrunichev State Research and Production Space Center Khrunichev State Research and Production Space Center[1] (ГКНПЦ им. М. В. Хруничева in Russian) is a Moscow-based producer of space-launch systems. and RSC Energia of Moscow. ILS is incorporated in Delaware in the United States and is headquartered in McLean, Va., a suburb of Washington, D.C. For more information, visit www.ilslaunch.com. Safe Harbor Statement This press release contains forward-looking statements, including statements regarding the launch of additional satellites through ILS's launch services. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results, including challenges in developing a dual launch capability, obtaining launch-ready MEO satellites and regulatory uncertainties regarding our MEO system. More information about risks is contained in ICO's most recent Annual Report on Form 10-K and its other filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release speak as of the date hereof, and ICO undertakes no obligation to revise or update any forward-looking statements for any reason. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion