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Technology Stocks : TSI TelSys Corporation - Satellite communications

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To: TheBusDriver who wrote (39)1/5/1999 2:47:00 PM
From: MF  Read Replies (1) of 241
 
News Release.....

TelSys begins support of International Space Station

TSI TelSys Corp TSI
Shares issued 9,754,200 Jan 4 close $2.05
Tue 5 Jan 99 News Release
Mr. Chuck Kozlowski reports
TSI TelSys telemetry equipment, which is deployed at NASA's Marshall Space
Flight Center, has successfully performed early communications support for
the International Space Station.
The ECOM checkout involved testing the performance of the International
Space Station program's communications equipment, including its data
relays. International Space Station data are transmitted from the space
station to a tracking data relay system satellite, which then sends these
data to an earth station at White Sands, New Mexico from where they are
relayed to Marshall Space Flight Center in Alabama. At Marshall Space
Flight Center, these data are finally processed using TSI TelSys's
telemetry system.
To date, 13 TSI TelSys telemetry systems costing $3.9-million (U.S.) have
been deployed at NASA centres in support of the International Space Station
program.
TSI TelSys systems have been installed at Marshall Space Flight Center in
Alabama, Johnson Space Center in Texas and Kennedy Space Center in Florida
to support S-band communications, Ku-band communications, video processing
and test and simulation for the International Space Station program.
TSI TelSys has also signed $0.7-million (U.S.) in maintenance contracts to
provide support to NASA for these systems to date, of which $0.2-million
(U.S.) is still remaining.
Currently, TSI TelSys also has a remaining backlog of $1.6-million (U.S.)
in orders from NASA for TSI TelSys systems for its ADEOS-II program, an
earth observation satellite being developed to study changes in the global
environment, and another $0.6-million (U.S.) in maintenance contracts with
NASA for these systems, all of which is remaining.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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