August 19, 2009 (FinancialWire) — Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL) and the provider of commercial satellites, announced that it delivered a communications satellite built for Telesat, one of the world’s leading fixed satellite services operators, to the Baikonur Space Center in Kazakhstan, where it is scheduled to launch on September 18th aboard an ILS Proton Breeze M vehicle provided by International Launch Services .

“Nimiq 5 is the fifth completed high-power satellite that Space Systems/Loral has shipped for launch this year,” said John Celli, president and chief operating officer of Space Systems/Loral. “The on schedule completion of Nimiq 5 is a testament to the efficiency of our factory and the dedication and hard work of both the Telesat and SS/L teams.”

Nimiq 5, a direct broadcast satellite, is designed to provide a variety of high-definition and specialty direct-to-home television services in North America. It has 32 high-power Ku-band transponders, and is based on the Space Systems/Loral 1300 space-proven platform, which provides the flexibility to support a broad range of applications and technology advances.

“Space Systems/Loral is right on track in delivering our satellite,” said Dan Goldberg, president and chief executive officer of Telesat. “Nimiq 5 is an important addition to our North American broadcast fleet and we look forward to the launch with ILS next month and the start of commercial service.”

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