11.03.2016
OHB SE DE0005936124
DGAP-News: OHB SE: ESA, SES and OHB agree on realisation of Electra
DGAP-News: OHB SE / Key word(s): Incoming Orders
OHB SE: ESA, SES and OHB agree on realisation of Electra
11.03.2016 / 16:11
The issuer is solely responsible for the content of this announcement.
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LUXEMBOURG, 11 March 2016 -- SES S.A. (NYSE Euronext Paris and Luxembourg
Stock Exchange: SESG) and OHB System AG (subsidiary of OHB SE, Prime
Standard, ISIN DE0005936124) announced today the signature of contracts for
the next phase of the development of a new-generation satellite programme
which was launched in 2013. Under the Electra programme name, OHB will be
developing a fully electric satellite platform to reduce mass and launch
costs.
The Electra programme is based on the SmallGEO range, a European Space
Agency (ESA) and German Aerospace Center (DLR) funded project with the
objective to develop a general-purpose small geostationary satellite
platform. The contract signed today is an element of ESA's ARTES (Advanced
Research in Telecommunications Systems) programme. It calls for the
development of a highly competitive generic small geostationary platform
for satellite launch mass below 3 tonnes. This contract foresees the launch
of an Electra satellite and its in-orbit qualification. In 2013, SES signed
a first private public partnership with the ESA and OHB System AG to
support these goals.
"The partnership with the world's largest satellite operator, SES, on the
one hand and the support of ESA and its Member States, particularly
Germany, on the other, will open up excellent possibilities for us,
allowing us to assert ourselves in this attractive market," said OHB Chief
Executive Officer Marco Fuchs. "The fully electric GEO platform is a
strategic product for OHB, whose importance for future contracts goes
substantially beyond the telecommunications segment."
"Electra perfectly fits into the innovation priorities of SES. Decreasing
the total cost of putting a payload into orbit and increasing the range of
possible applications is a key strategic element for the satellite operator
community. Electric propulsion is poised to inject increased
competitiveness into the satellite industry, an essential element for the
sustained development of the satellite-based commercial telecommunications
market. SES is pleased to trigger this Electra initiative and to establish
a strong relationship with ESA," said Martin Halliwell, SES Chief
Technology Officer.
"An innovative R&D investment is the key weapon for European industry to
stay ahead of the intense global competition. Electra is an example of how
we can achieve this," said Magali Vaissiere, ESA Director of
Telecommunications and Integrated Applications. "Our approach combines best
practice gained from several years of experience, with careful
customisation according to the peculiarities of each case and the needs of
each partner. This is a dynamic and sustainable model for stimulating
innovation, by leveraging public money to attract private investment".
Under ESA contract, SES will define the satellite mission and lead the
procurement phase. To this end, SES will work in close cooperation with OHB
System AG, who will act as the prime contractor to SE.
Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: [email protected]
Corporate Communications
Martin Stade
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: [email protected]
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11.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: [email protected]
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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