Press Release Source: Loral Space & Communications
Space Systems/Loral Earns ISO 9001:2000 Quality Management Certification
Monday July 7, 1:30 pm ET
Rigorous Quality Standard Earned Six-Months Ahead of Plan
PALO ALTO, Calif.--(BUSINESS WIRE)--July 7, 2003-- Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced that it has received the International Organization for Standardization's (ISO) 9001:2000 certification, a standard requiring rigorous, internationally accepted quality management practices.
ISO 9001:2000 is a set of quality standards established specifically for manufacturers as part of its overall ISO 9001 family of international standards. ISO 9001:2000 certification represents excellence in overall quality management that embraces a company's total inventory of methods and procedures to create and deliver a product or service free of deficiencies. The Quality Management System is applicable to design, manufacture, integration and support of satellite systems and associated ground support equipment.
"We are pleased to have been certified to the rigorous 2000 standard, reflecting SS/L's continuing commitment to quality in all our operations," stated Pat DeWitt, SS/L's president. "The ISO certification, received six months ahead of our plan, reassures our customers that SS/L satellites are manufactured to meet the highest standards of reliability."
The 2000 standard is different from the existing (1994) standard, in that it focuses on the practices in every company function, from marketing to on-orbit operations. Increased emphasis is given to customer satisfaction, management by objectives, process improvement, and adherence to our own policies, practices and procedures. ISO will conduct sampling audits of SS/L every six months to ensure that the high standards are maintained.
Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that include mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. For more information, visit www.ssloral.com.
Loral Space & Communications is a satellite communications company. Through its Skynet subsidiary, it owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems through its Space Systems/Loral subsidiary. For more information, visit Loral's web site at www.loral.com.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company's annual report on Form 10-K for the fiscal year ended December 31, 2002, entitled "Certain Factors That May Affect Future Results," and the company's other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.
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Contact:
Loral Space & Communications
John McCarthy, 212/338-5345 |
