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DBS Industries Launches and Commissions First Satellite Payload; Validates Low-Cost, Fast-to-Flight Approach.

SAN FRANCISCO, Sept. 19 /PRNewswire/ --

In a joint demonstration to prove that when it comes to satellites, less can be more, DBS Industries, Inc. (OTC Bulletin Board: DBSS) ("DBSI"), an emerging leader in the delivery of low-cost satellite to Internet data services to and from fixed locations around the world, and Surrey Satellite Technology Ltd. ("SSTL") of the United Kingdom, successfully completed the in-orbit commissioning of DBSI's first satellite communications payload. The British designed and built payload was launched on-board SSTL's SNAP-1 nanosatellite launched out of Russia into low- earth orbit on June 28, 2000.

Ground controllers from SSTL at the Surrey Space Center at the University of Surrey reported receiving telemetry from DBSI's payload, known as NewStar, and confirmed that all systems onboard are operating normally.

Fred Thompson, DBSI President and Chief Executive Officer, said, "Through the SNAP-1 mission, we have validated critical design elements that we believe will lead to the successful deployment of our NewStar commercial satellite services in 2002. But even more important, Surrey Satellite Technology Ltd. has validated our fundamental belief that rapid design-to-flight is possible and that inexpensive, quickly deployable small satellites are the most economic way to commercialize space. Surrey completed the payload from design to commissioning in only seven months, and deserves our congratulations on a job well done."

The payload is a secondary mission aboard the SNAP-1 (Surrey Nanosatellite Applications Platform) spacecraft. SNAP-1 weighs less than 15 pounds (6.5 kg) and uses advanced GPS navigation, computing, propulsion and attitude control technologies. (See Satellites and Services/Nanosatellites at www.sstl.co.uk) SNAP-1's primary mission was to demonstrate orbital formation flying together with a Chinese satellite, Tsinghua-1.

SNAP-1 launched on June 28 with two other satellites aboard a Cosmos-3M rocket from the Plesetsk Cosmodrome in far northern Russia. NPO Polyot of Russia built the Cosmos-3M rocket. It is a two-stage design with a re-startable second stage and is just under 90 feet tall. The rocket is powered by an RD-216 engine and liquid fuel.

This mission, formally licensed by the Federal Communications Commission as ESAT-1, brings into use the United States LEOTELCOM-2 International Telecommunication Union filing.

About DBS Industries

DBSI is a telecommunications firm dedicated exclusively to providing low-cost satellite to Internet data services to and from fixed locations around the world. Through the Federal Communications Commission E-SAT license, DBSI is the only company licensed to provide commercial two-way data messaging using store and forward CDMA technology in conjunction with "Little LEO" low-earth-orbiting satellites.

Through its NewStar services, DBSI will offer a wide range of low-cost business applications that include remote control and data management of distant metering and monitoring devices. Its initial focus is on the energy sector, and in particular automated reading of energy meters in remote or hard-to-access locations. This market niche has been conservatively estimated to include more than 130 million units worldwide. Additional information about DBSI can be found on its web site: http://www.dbsindustries.com and http://www.newstarsystem.com .

Forward-Looking Statements

Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements, other than historical facts, included in the foregoing press release regarding DBSI's financial position, business strategy, and plans of management for future operations are "forward looking statements." These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward looking statements include, but are not limited to, statements in which words such as "expect," "see," "anticipate," "intend," "plan," "believe," "estimate," "consider," or similar expressions are used. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions, including risks discussed under "Risk Factors" in DBSI's Annual Report on Form 10-K, SEC File No. 0-28348, and in other reports filed from time to time with the SEC all of which are incorporated herein by reference. DBSI's actual results and stockholder values may differ materially from those anticipated or expressed in these forward looking statements. Many of the factors that will determine these results and values are beyond DBSI's ability to control or predict. Readers of this press release are cautioned not to put undue reliance on any forward looking statement and DBSI undertakes no obligation to publicly update these forward looking statements, whether as a result of new information, future events or otherwise.
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Publication:PR Newswire
Geographic Code:1USA
Date:Sep 19, 2000
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