Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Valueman who wrote (5477)	7/1/1999 1:48:00 AM
From: djane	Read Replies (3) \| Respond to of 29987

Ellipso, Inc. and Arianespace announce launch and financing agreement FLORIDA TODAY Space Online "Planet Earth's best source for online space news" July 1, 1999 Ellipso, Inc. News Release WASHINGTON - Ellipso, Inc. and Arianespace, S.A. announced Wednesday an agreement to provide launch services for the Ellipso(TM) satellite telecommunications system. The memorandum of agreement covers four Ariane 5 launches and supporting services, and includes a substantial financial package involving vendor financing and equity investment in Ellipso, Inc. "Arianespace is the world's preeminent commercial launch services provider," said Dr. David Castiel, President and Chief Executive Officer of Ellipso, Inc. "This agreement will give our investors confidence that Ellipso's satellites will be launched on time to the proper orbit. Arianespace's investment further validates Ellipso's consumer-driven design and demonstrates confidence in the market for mobile satellite services. We look forward to working with Ariane and getting the Ellipso system into service as quickly as possible." Commenting on the accord, Arianespace Chairman and Chief Executive Officer Jean-Marie Luton said, "This agreement underscores the ability of Arianespace to adapt to the needs of our customers for deployment of satellite constellations. Our financial involvement in the Ellipso project also reflects our commitment to supporting our customer in the international telecommunications market." These launches will enable Ellipso to place its satellites into its equatorial orbit, named Concordia. From the Concordia orbit Ellipso can provide telephone and data services to over 85% of the world's population. Each Ariane 5 launch can carry up to four Ellipso satellites, and will take place beginning in 2002. Arianespace is the international leader in commercial launch services, and today holds more than 50 percent of the world market for satellites launched to geostationary transfer orbit. From its creation in 1980 as the first commercial space transportation company, Arianespace has signed launch contracts with more than 50 operators/customers for 199 satellite payloads and one constellation launch. Since the first flight of an Ariane in 1979, the launcher has successfully injected a total of 155 satellites and 27 auxiliary payloads into orbit. Ellipso, Inc., headquartered in Washington, D.C., is currently designing and constructing the Ellipso satellite-based global communications system that will provide low cost and high quality digital voice and data services worldwide. Utilizing unique and patented elliptical orbits, the Ellipso system will provide voice, data, facsimile, paging and geolocational services to subscribers around the world at prices significantly lower than competing systems. The Ellipso project includes the participation of Lockheed Martin Global Telecommunications, the Harris Corporation, L-3 Communications, Israel Aircraft Industries and The Boeing Company. Use of this site signifies your agreement to the Terms of Service updated February 1998. Please e-mail comments or questions about this page to Space Online Editor Mark DeCotis. Contact Space Online Manager Jim Banke to inquire about becoming a sponsor. This World Wide Web site is copyright © 1999 FLORIDA TODAY.