DGAP-News: OHB AG: Electrically powered in a geostationary orbit - Contract signed for the next phase of Electra project/ OHB System opening up a new area of business
(firmenpresse) - DGAP-News: OHB AG / Key word(s): Incoming Orders
OHB AG: Electrically powered in a geostationary orbit - Contract
signed for the next phase of Electra project/ OHB System opening up a
new area of business
15.10.2013 / 15:19
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Betzdorf, Luxembourg/Bremen, October 15, 2013 - OHB System AG has been
awarded a contract for the development of a telecommunications satellite
known as Electra which will be powered solely by electricity. The contract
was entered into today in Betzdorf with satellite operator SES.
Signed in the presence of Luxembourg communications minister Luc Frieden,
research minister Martine Hansen, director general of the European Space
Agency ESA Jean-Jacques Dordain, board member for space management at the
German Space Agency Gerd Gruppe, president and CEO of SES Romain Bausch,
member of OHB System's management board Frank Negretti and other
high-ranking representatives from politics and industry, the contract
ushered in the next one-year B1 development phase in the project.
Electra is a public-private partnership under the ESA ARTES 33 program
serving the purpose of providing the satellite communications industry with
innovative products and systems.
It is an advanced electrically powered telecommunications satellite in the
sub-three-ton weight class. Such a system has previously not been available
commercially in Europe. To date, electric power systems have only been used
in research satellites or for orbit maintenance for telecommunications
satellites. Artemis, a communications satellite operated by ESA,
successfully tested the concept of using solely electric power to achieve a
geostationary orbit for the first time. The results showed that electric
power systems reduce propellant mass requirements by up to 90 percent
compared with chemical power systems. Consequently, it is possible to
reduce the launch mass of the satellite by almost half.
Electra is now to be used to systematically broaden the scope for
implementing this technology in a specially designed satellite system. The
project initially entails the platform development which in a further step
is to lead to a joint mission with industrial project partner SES. As one
of the world's largest satellite operators, this company has a keen
interest in encouraging competition in the selection of launch vehicles in
order to achieve additional savings.
With this contract, OHB System is tapping a substantially larger area of
business in commercial telecommunications and adding an innovative new
power system design to its SmallGEO range.
Contact:
OHB System AG
Corporate Communications
Tel.: +49 (0)421 - 2020-8
Fax: +49 (0)421 - 2020-9898
E-Mail: pr(at)ohb.de
www.ohb.de
End of Corporate News
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15.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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 AGKarl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir(at)ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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234726 15.10.2013
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Datum: 15.10.2013 - 15:19 Uhr
Sprache: Deutsch
News-ID 305836
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