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Loral Enters Into Agreement With Barrett Xplore

January 8, 2010 (FinancialWire) — Loral Space & Communications Inc. (NASDAQ: LORL) said it has entered into an agreement with Barrett Xplore Inc., Canada’s largest rural broadband provider, to deliver high throughput satellite Ka-band capacity for broadband services in Canada.

Under the agreement, Loral will lease up to 100 percent of the capacity that it owns on the ViaSat-1 satellite to Barrett Xplore for the expected life of the satellite. ViaSat-1 is currently under construction at Space Systems/Loral and is scheduled for launch in early 2011.

Barrett Xplore will use the Loral capacity, which will provide 15 Gbps throughput, to deliver a more robust customer experience with higher speeds and bandwidth capacities for accessing future bandwidth rich Internet applications.

Loral is working closely with its affiliate, Telesat Canada, to provide Barrett Xplore with the services it needs, including satellite operations and gateway facility management. ViaSat, Inc., a producer of innovative satellite and other wireless communications systems, will provide the ground infrastructure needed for the ViaSat-1 satellite services.

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