7 May 2000
| Satcoms | Astra Broadband
Interactive Network Completes First Broadband Satellite Access Tests Digital Island Uses Cidera's Global Satellite Network for Footprint Content Delivery Service Digiturk Selects Convergys Billing and Customer Care Satellite Multicasting Market Boom to Continue - Pioneer Consulting Space Systems/Loral to Build Assuresat Satellites |
| Navigation | ESA and EC Open Joint Office
for Galileo Satnav Programme GPS Unscrambled |
| Military Space | Discoverer II Contracts go to TRW and Lockheed Martin |
| Science | SSTL Wins Momentum Wheel Contract for Rosetta Lander |
| Manned Space | Brazil and Boeing Sign ISS Contract |
| Technology | Orbital Completes New Satellite
Factory Spectrolab Supplies Solar Cells To Dornier |
| Launch Vehicles | Saab Ericsson Space Wins Ariane 5 Computer Contract |
| Launches | GOES-L Cosmos 2370 |
| Business | ATC Teleports to
Acquire General Telecom Clarent to Buy ACT Networks Gilat Redeems Notes The Fantastic Corporation Postpones Planned Follow On Offering ViaSat Completes Acquisition of Scientific Atlanta's Networking Business |
| Products and Services | OlympuSAT Launches Independent Digital Program Service Platform |
| People | NASA Establishes
Health and Safety Office New NASA Chief of Staff Signal Technology Names New COO and President |
| Previous News |
Astra Broadband Interactive Network
Completes First Broadband Satellite Access Tests
Société Européenne des Satellites
(SES) and EMS Technologies Inc have completed the world's first DVB-RCS closed
loop broadband satellite access tests, representing the completion of another
stage in the development the SES Astra Broadband Interactive System (BBI).
The BBI system, based on the new international open standard
DVB-RCS ("Return Channel via Satellite"), will enable end-users to have two-way
broadband data communications from their own premises via low-cost Ka band
satellite terminals, at speeds of up to 35 times the current 56.6 kbit/s of
terrestrial modems.
The deployment of BBI will also allow satellite
return channel users to book, use and pay for only the bandwidth they need, to
contribute data and IP-based multimedia content and services to a network hub.
The data can then be delivered immediately to specified locations or, if
required, stored and scheduled for later distribution. This flexible and
economic approach to bandwidth management ensures that the maximum number of
subscribers can be supported per satellite transponder.
EMS
Technologies also finalised the schedule for supplying a complete DVB-RCS
demonstration system to SES by the end of June 2000. This is a precursor to the
delivery of a fully operational system by the end of 2000. EMS will supply the
critical hub technologies as well as end-user terminals under the agreement
with SES.
The ASTRA BBI system will provide the first fully-featured
Ka band broadband solution via satellite, making efficient and economic
high-speed, high quality two-way communications readily accessible for
consumers, content and service providers, micro-channel operators and for
corporate and business-to-business applications across Europe.
SES
expects to be the first European satellite operator to commercially exploit the
Ka-band frequency for interactive and multimedia services in Europe, via the
ASTRA Broadband Interactive System (BBI). In 2000, SES will commence operations
of a return channel system via satellite, which will serve the growing market
in Western and Central Europe for 2-way asymmetric, high-speed broadband
collection, and delivery of multimedia.
Digital Island Uses Cidera's Global
Satellite Network for Footprint Content Delivery Service
Digital Island Inc , a
leading Global e-Business Delivery Network, has announced an agreement with
Cidera Inc , the Internet Broadcast Backbone, to expand its Footprint content
delivery network with Cidera's satellite broadcast services - allowing
companies to enrich their Internet commerce with streaming and interactive
content.
In addition, Cidera appointed Digital Island a
Preferred Service Provider. Cidera recommends Digital Island to its customers
who are seeking a full complement of streaming media services, which Digital
Island provides under the Footprint content delivery banner. Digital Island,
meanwhile, will use Cidera's Streaming Media Service and Big File Mover to
multicast simultaneous streams to select Footprint servers co-located at ISP
partners worldwide. As a result, Digital Island can reduce transmission costs
while continuing to ensure high-quality streaming content without many of the
delays and interruptions typically encountered in standard Internet
services.
Digital Island is a leading Global e-Business Delivery
Network. The company's suite of application services for interactive e-Business
allows customers and partners to readily integrate content delivery, hosting
and intelligent networking to give the ultimate consumer a superior experience.
Strategically located Data Centers in the United States, Europe and Asia are
directly connected to leading access service providers in 25 countries. In
addition, Digital Island operates a network of more than 1,200 content
distributors across the Internet, which improves the performance and reduces
the cost of hosting high-volume Web applications in target markets. This
network is expected to grow to more than 6,000 content distributors in 350
locations worldwide by the year 2003.
Cidera's broadband content
delivery services offer Digital Island's end users improved quality of viewing
experience, with higher reliability, and with reduced packet loss and delays
associated with Internet content delivery. Cidera's broadcast services also
offer scalability that is feasible through satellite delivery to an unlimited
number of POPs within Cidera's existing satellite footprint.
Cidera's
broadcast of single copies of streaming content and large files to multiple
locations simultaneously is designed to free up bandwidth within Digital
Island's terrestrial network and make it possible for the company to achieve
cost savings by reducing pipe usage.
Cidera, Inc., the Internet
Broadcast Backbone, is an international leader in the satellite delivery of
broadband content to the edge of the Internet. Cidera uses innovative
high-speed satellite technology designed to transport high-bandwidth data
faster, more reliably, and more efficiently to ISPs, DSL, and cable access
providers. Cidera is expanding its international network infrastructure to
improve the movement of Web site content, streaming audio and video, live
webcasts, large databases, and Usenet News over the Internet. Cidera serves
more than 265 Points Of Presence (POPs) in North America and Europe.
Digiturk Selects Convergys Billing
and Customer Care
Convergys Corporation, provider of integrated billing
and customer care services, has signed a multi-year contract with DigiTurk, the
digital TV platform, DBS (Direct Broadcast Satellite) service provider in
Turkey.
With the addition of DigiTurk in Turkey,
Convergys' WIZARD software application is now operational in twelve languages
and installed in eighteen countries worldwide.
Under terms of the
contract, Convergys licensed its WIZARD Billing and Subscriber Management
System to DigiTurk to support the billing and customer care activities of its
advanced satellite Pay TV operation in Turkey. DigiTurk has been on the air
since early April 2000.
Convergys' WIZARD is a comprehensive billing
and subscriber management system for multi-channel subscription television
operators. The advanced functionality of Convergys solutions enables DBS, DTH,
DTT, MMDS, cable, and cable-telephony providers to effectively manage high
subscriber volumes and deploy an increasing variety of new services that
support aggressive growth in the global marketplace. WIZARD is based on
leading-edge technology that creates an open and scaleable system architecture.
Convergys' WIZARD has been implemented in both UNIX client/server and open VMS
platforms. It is based on a multi-tier design and incorporates graphical user
interfaces (GUI) and Oracle relational database.
Satellite Multicasting Market Boom
to Continue - Pioneer Consulting
The market for multicast-enabled satellite equipment
will grow from close to US$ 500 million in 2000 to over US$ 7 billion in 2005,
according to Pioneer Consulting's latest report, Satellite Mediacasting: A New
Model for the Internet.
This new report outlines the
opportunities in the satellite multicast market, with a particular emphasis on
streaming and multimedia distribution via satellite. Due to the rising demand
for satellite-based multicast and content distribution services, satellite
equipment manufacturers and vendors have an opportunity to target an
increasingly lucrative market. Satellite equipment for both intermediary (ISP)
and end user (business, residential) segments will be in high demand for
satellite-based IP content delivery solutions.
North America will
represent the largest market for multicast-enabled satellite equipment. Europe,
Asia and Latin America will also be sizeable addressable markets based on the
extremely high cost of multicast solutions over fibre. Business users, in
particular, will be a significant target market for satellite multicast
solutions and equipment, given the role of businesses as both a content
producer and receiver. Businesses therefore require a complete end-to-end
multicast solution that allows for control over distribution to multiple sites.
ISPs will also exhibit demand for multicast-enabled satellite equipment; this
demand will be especially strong in developing regions where the Internet
performs poorly. Lastly, residential demand for multicast-enabled equipment
will pick up near the middle of the forecast period.
For further
information call Pioneer Consulting at +1 617-441-3900.
Space Systems/Loral to Build
Assuresat Satellites
AssureSat Inc has awarded a contract to Space
Systems/Loral to build two high-powered, specially designed satellites. With
these new geostationary satellites, AssureSat will launch the first in-orbit
backup protection service for the world's geostationary fixed satellite service
(FSS) communications satellite operators, beginning in 2002.
Under separate agreements, Loral Skynet, a fixed satellite
services operator and also a subsidiary of Loral Space & Communications,
will become an AssureSat customer once service becomes available, giving Skynet
the ability to provide a back-up option to its many valuable customers. In
addition, Loral Skynet will provide telemetry, tracking, and control for the
AssureSat fleet from its Hawley, Pennsylvania, facility.
The satellite
manufacturing agreement and the two Loral Skynet agreements are contingent upon
AssureSat s completion of necessary financing. AssureSat Inc was founded in
1998 to provide backup restoration services to the world's FSS geostationary
satellite operators. Its shareholders include Securitas Capital, a global
equity investment company funded by Swiss Reinsurance Company and Credit Suisse
Group, and SpaceVest, LP, a venture capital fund which makes equity investments
solely in the space industry.
Once in orbit, the AssureSat satellites
will be able to provide backup protection to most geostationary satellite
operators by moving quickly to appropriate orbital slots to take over the
communications tasks of malfunctioning spacecraft or those whose launches have
failed, thus insuring service for the operator s customers. The two new
satellites are scheduled to be launched in 2002.
The unique design of
the spacecraft will allow them to operate on all three ITU region frequency
plans, and the antennae will be steerable in flight to offer variable footprint
coverage in both the C and Ku frequency bands.
The AssureSat
satellites will each carry 36 C band transponders and 36 Ku band transponders.
Total satellite power will be 10 kW at end of life. Loral has begun limited
production , with full production to begin upon AssureSat s completion of the
required additional financing.
The AssureSat spacecraft are based on
SS/L's space-proven three-axis, body-stabilised 1300 bus. SS/L s satellites,
which have amassed nearly 800 years of reliable on-orbit service, are designed
to achieve long useful orbital life through use of bipropellant propulsion and
momentum-bias systems for excellent stationkeeping and orbital stability. A
system of solar arrays and batteries provides uninterrupted electrical
power.
ESA and EC Open Joint Office for
Galileo Satnav Programme
The European Space Agency (ESA) and the European
Commission (EC) have together opened the Galileo Programme Office to
co-ordinate work on the satellite navigation, positioning and precision timing
system, Galileo.
The Galileo Programme Office is located
at 24-26 Rue De Mot, Brussels, Belgium and will co-ordinate studies under way
and make preparations for decisions by the board directing the programme,
provide technical support to the board and the industrial and scientific teams
working on Galileo, and prepare the way for decisions on the transition to the
implementation phase.
Less than a year ago, the EU and ESA decided to
enter the race to develop the next-generation satellite-based navigation and
precision timing system with a European-developed, state-of-the-art design that
would set the industry standard for the 21st century. Galileo's new technology
will revolutionise our transport systems, increasing safety and improving
efficiency; this will make for better quality of life and less pollution in our
cities. Galileo will also bring benefits in other aspects of everyday life,
with precision farming raising yields, improved information for emergency
services speeding up response times, and more reliable and accurate time
signals underpinning our most vital computer and communications networks. It
could also contribute largely to the improvement of maritime safety issues.
The definition phase of the Galileo programme is being run by the European
Commission's Directorate-General for Energy and Transport, with the European
Space Agency as an equal partner in the joint management board and playing a
full role in technical development. Industry has been pushing ahead with the
various studies required for this phase, and user groups have been defining
their potential needs, which will eventually determine the system performance
requirements. The Galileo Programme Office will now serve as the central source
of expertise and permanent point of contact for co-ordination between the
various players and parts of the programme.
Inauguration of the
Galileo Programme Office is also the first step towards an ESA/EC institutional
framework for Galileo.
GPS Unscrambled
On Monday President
Clinton authorised the US military to stop intentionally scrambling GPS signals
for non-military users, thereby increasing the accuracy of the system ten fold
for civilians.
The decision is expected to give the GPS
industry a big boost, on top of its already buoyant growth. Even without this
bonus sales are expected to increase over the next three years from their
current annual level of US$ 8 billion to US$ 16 billion.
The removal
of scrambling will reduce the uncertainty of positioning using the GPS system
from about 100 m to about 10 m for most users.
The US military will
retain the ability to reintroduce scrambling at any time on a global or
regional basis if required by US national security.
Discoverer II Contracts go to TRW
and Lockheed Martin
TRW and Lockheed Martin have each been awarded a
Discoverer II Core Program Phase 1B contract option to continue the competitive
concept definition phase of the Discoverer II space-based radar technology
demonstration program.
Discoverer II is a joint United
States Air Force, Defense Advanced Research Projects Agency and National
Reconnaissance Office program. Discoverer II will provide tactical users with
high-resolution all-weather, day/night tracking of ground-moving targets,
imagery of fixed locations and highly accurate topographic maps of the Earth's
surface. The Discoverer II demonstration program will develop, design,
fabricate and launch two research and development satellites capable of
detecting and tracking moving targets on the earth's surface, producing
high-resolution imagery and collecting high-resolution, digital terrain mapping
data.
The U.S. government plans to launch an operational system
consisting of a constellation of as many as 24 low-Earth orbiting satellites in
2008. It will enable warfighters in the field to task the spacecraft sensor to
look for specific targets. The resulting data will be sent back to the user in
real-time, via a direct downlink from the spacecraft.
The five-month
contract option was exercised by the Discoverer II Joint Program Office and has
a value of approximately US$ 6 million. This contract follows an initial
12-month concept definition phase. Early next year a single contractor team
will be selected to perform a demonstration phase consisting of building,
launching and operating two satellites.
Spectrum Astro, the third
bidder, was not awarded a phase 1B contract, but will be eligible to compete
for phase two of the demonstration program. The RFP for the second phase will
be released in October.
SSTL Wins Momentum Wheel Contract
for Rosetta Lander
SSTL has won a contract from DLR to manufacture and
supply the attitude control momentum wheel for the Rosetta Lander mission to be
launched in 2004.
The Rosetta spacecraft will rendezvous
with comet 46 P/Wirtanen as it makes one of its periodic visits to the Sun. The
spacecraft will map the comet's surface in fine detail and land a package of
instruments (the Rosetta Lander) on the comet surface.
SSTL's wheel
will have to survive a cruise time of 9 years through space and then be used
for the last critical 20 hours during the final approach and landing on the
comet.
The dry lubricated bearings used by SSTL are ideal for this
type of mission due to their unlimited shelf life over a wide temperature range
(-185 to +300 deg C) in a vacuum.
The wheel is similar in size to that
onboard SSTL's UoSAT-12 minisatellite, launched in April 1999 and operational
in low Earth orbit.
Brazil and Boeing Sign ISS
Contract
The Boeing
Company has signed a contract change with the National Institute of Space
Research (INPE), the executing agency of the Brazilian Government for
space-related activities. In the contract Boeing will provide preliminary
design of the EXPRESS (EXpedite the Process of Experiments to Space Station)
Pallet System, a key external payload experiment facility and logistics
re-supply carrier, and ongoing engineering support for other Brazilian
International Space Station (ISS) commitments.
>In
earlier study contracts, Boeing provided recommendations to INPE for the
organisational infrastructure of the Brazilian portion of ISS, identified ISS
programs that would meet Brazil's science and technology objectives and defined
specific ISS contributions for Brazil. Under the current contract Boeing will
provide system design, engineering and integration support for development of
the defined hardware elements.
The contract continues through October
2000, at which time an EXPRESS Pallet System Preliminary Design Review will be
conducted. The firm-fixed price contract is valued at US$ 9.9 million. The work
is being performed in Houston and Huntsville, Alabama.
In August 1997,
INPE and Boeing signed a contract to conduct a detailed study related to the
active participation of Brazilian industry in the design, construction and
operation of key ISS elements.
In October 1997, an implementing
arrangement was signed between the governments of Brazil and the United States
whereby Brazil accepted the responsibility of producing key ISS components. The
bilateral co-operative program covered detailed design, development and
operation of key elements of ISS to NASA as part of NASA's contribution in
exchange for rights to utilise the Station.
The first of these
elements is the EXPRESS Pallet System, a critical external experiment payload
facility and logistics re-supply carrier, scheduled to become part of ISS in
late 2003. Future Brazilian elements may include a newly designed Unpressurized
Logistics Carrier and the Technology Experiment Facility.
Orbital Completes New Satellite
Factory
Located in
Dulles, Virginia, about 50 km west of Washington, DC, Orbital's new 11,600
square metre state-of-the-art facility will house all of the company's
satellite manufacturing, assembly and testing activities.
Orbital is the world's leading manufacturer of innovative
small satellites that are used in a wide range of low-Earth orbit (LEO) and
geostationary (GEO) communications, remote imaging and scientific missions. The
company's customers include numerous US and international commercial
enterprises and government agencies. Over the past 15 years, Orbital has
designed, built, delivered and launched over 85 satellites, which have amassed
over 300 years of in-orbit experience.
Orbital's new SMF will include
a 3,700 square metre "high-bay" area that will house a full suite of
environmental test equipment used to simulate the rigorous conditions of a
satellite's launch sequence and its operation in space. The facility will also
be home to two large "clean rooms," totalling over 2,300 square metres, in
which satellites are kept during assembly, integration and check-out phases. A
new satellite command and control ground station for Orbital's Orbimage
affiliate's OrbView 3 and 4 high-resolution imaging satellites will also be
incorporated into the complex later this year, which will include office space
for engineers, technicians and administrative staff who will work in the
building.
Spectrolab Supplies Solar Cells To
Dornier
Spectrolab
Inc will supply its state-of-the-art solar cells to Dornier Satellitensysteme
GmbH (DSS) for qualification testing in DSS' space solar array systems, under a
technical assistance agreement between the two companies.
This is the first European agreement for Spectrolab since it
received US government approval recently to provide solar cells, panels, and
arrays to major European spacecraft manufacturers. It enables the procurement
of several hundred thousand multi-junction solar cells by DSS through 2002, as
well as the formulation of related proprietary agreements with DSS that allow
for direct insertion of the multi-junction solar cell into existing
designs.
Once qualified, Spectrolab's multi-junction gallium-arsenide
solar cells can improve DSS' solar array power performance by 40 percent as
compared with earlier designs using silicon cells. This significant performance
boost supports spacecraft designs requiring 20 kilowatts or more.
These multi-junction space solar cells have an average efficiency 24.5 %, and
have been qualified by the major US satellite manufacturers. Spectrolab has
delivered more than 35 kW of these high-efficiency devices to numerous flight
programs for both commercial and US government applications. These
next-generation cells reaching 27 % efficiencies have been delivered for three
US flight programs. The first is scheduled to launch in late summer 2000.
For the European market, the availability of Spectrolab's flight-proven,
multi-junction gallium arsenide solar cells is an enabling factor in the race
toward higher revenue-generating spacecraft. The use of more efficient solar
cells makes it possible to increase the power on existing satellite models and
reduce time to market of today's satellite designs. The added efficiency also
makes it possible to have either a lighter, smaller array of equivalent power
or a more powerful array with no increase in size or weight. Improved
efficiency means a reduction in launch and on-orbit operational costs.
Spectrolab is currently working under a jointly funded development contract
with the US Air Force to deliver 35 % efficiency space solar cells by
2002.
Saab Ericsson Space Wins Ariane 5
Computer Contract
Saab Ericsson Space, of Goteborg, Sweden, has been
awarded an order for an additional forty Ariane 5 onboard computers.
The contract signed with Matra Marconi Space of Toulouse,
covers development and manufacture work for twenty launchers and deliveries
will be in progress until 2003.
The task of Saab Ericsson Space's
onboard computers, there are two in the Ariane 5 version, is to monitor and
guide the vehicle through the twenty minutes during launch until satellite
separation. The computers are robustly constructed for highest stability with a
built-in fault tolerance increasing the reliability in the event of
disturbances.
Saab Ericsson Space has been the main supplier of
Ariane's onboard computers since the start of the launcher programme in 1979.
Until now 129 vehicles have been launched from Kourou in French Guiana, all of
them carrying equipment from Saab Ericsson Space.
Saab Ericsson Space
is an independent supplier of space equipment. The company develops and
manufactures computers, antenna systems, microwave electronics and guidance and
separation systems for launch vehicles, satellites and other spacecraft, and is
the world leader in several of its product areas.
GOES-L
Launched: 3 May 2000
Site: Kennedy Space Center,
Florida
Launcher: Atlas IIA
Orbit: GEO, 104° W
International
Number: 2000-022A
Name: GOES-L (will be renamed GOES 11 when it reaches
geostationary orbit)
Owner: NOAA
Contractor: Space Systems/Loral
US meteorological satellite which will be used as an in orbit spare for
GOES 8 (75° W) and GOES 10 (135° W). The GOES satellites are used for
short term weather forecasting, particularly of hurricanes, severe
thunderstorms, flash floods and other severe weather conditions.
Cosmos 2370
Launched: 3 May 2000
Site:
Baikonur, Kazakhstan
Launcher: Soyuz-U
Orbit: LEO, apogee: 265 km,
perigee: 172 km: inclination: 64.8°
International Number: 2000-023A
Name: Cosmos 2370
Cosmos 2370 is reported to be a Near Real Time
imagery satellite.
ATC Teleports to Acquire General
Telecom
ATC
Teleports Inc, a wholly owned subsidiary of American Tower Corporation, has
agreed to purchase General Telecom Inc for approximately US$ 30 million,
subject to regulatory approvals. The acquisition of General Telecom will allow
ATC Teleports to expand its voice communications services in the future.
The acquisition of General Telecom will provide ATC
Teleports with independent partition voice switching capabilities and network
management services at General Telecom's three major voice communications
gateways in the United States: New York City, Miami and Los Angeles, as well as
an operations centre at One World Trade Center. These gateways are key in
supporting the switching requirements of the international long-distance
community.
This transaction increases ATC Teleports' ability to meet
the growing requirement for voice services, especially Voice over IP. It will
also make it easier to work with the IXCs, ILECs, CLECs and Internet Service
Providers (ISPs), offering a broader complement of solutions for customers
seeking switched interconnect options between satellite and terrestrial
networks. General Telecom will have access to additional routing options for
its customers, for both domestic and international voice, data and IP
traffic.
ATC Teleports is a leading provider of domestic and
international satellite and IP network services. Giving effect to pending
transactions, the company will own and operate more than 160 antennas accessing
most major satellite systems from US teleport locations in, Arizona,
California, Massachusetts, New Jersey, Texas, Washington State and Washington,
DC. ATC Teleports supplies terrestrial connections to major points of presence
(POPs), co-location facilities and switching centers. ATC already has an
existing 24x7 Technical Operations Center (TOC) located at 60 Hudson Street in
New York, as well as at all its other major facilities. The teleports offer
comprehensive networked solutions, including complete engineering, management
and technical assistance for full-time and occasional-use video, Internet,
data, voice and maritime applications.
Clarent to Buy ACT Networks
Clarent Corporation, a
worldwide leader in providing carrier-grade, phone-to-phone Internet Protocol
(IP) telephony solutions, has signed a definitive agreement to acquire ACT
Networks Inc. ACT Networks is a leading provider of multi-service access and
voice/data integration products (including VSATs) that enable the convergence
of voice, video and data onto one managed network.
Under
the terms of the agreement, each outstanding share of ACT Networks will be
exchanged for 0.2546 of a share of Clarent Common Stock. The exchange ratio
will be subject to a `collar' providing a maximum and minimum value of Clarent
Common Stock to be exchanged for each share of ACT Networks at Closing of US$
18.00 and US$ 14.00,
respectively. Based on Clarent's closing price on
Monday, May 1st, 2000 the company will issue approximately US$ 189 million of
stock for the outstanding shares of ACT in addition to assuming ACT Networks'
outstanding stock options.
The acquisition has been approved by the
boards of directors of both companies and is expected to close in the third
quarter of 2000. This transaction is subject to various closing conditions,
including approval by ACT Networks' stockholders and termination of the
necessary waiting period under the Hart-Scott-Rodino Act.
Clarent is
acquiring ACT to expand its product portfolio to include a comprehensive suite
of data networking service access equipment, to increase product options
available to its service provider customer base, to enhance its development
capabilities, and to blend Clarent's current predominantly direct sales model
with ACT's channel driven distribution strategy. ACT Networks is expected to
become a wholly-owned subsidiary and will continue to be headquartered in
Calabasas, CA. Andre de Fusco, 42, President and CEO of ACT Networks, will join
Clarent's management team as President of the ACT Networks Division.
Gilat Redeems Notes
Gilat Satellite
Networks Ltd has announced that the company will exercise its right to redeem
its 6 1/2 % Convertible Subordinated Notes Due 2004 (the "Notes") on June 5,
2000. The Notes will be redeemed in full at 102 % of the principal amount plus
accrued and unpaid interest of US$ 0.722222 per US$ 1,000 principal amount of
the Note. The total redemption price per US$ 1,000 Note will be US$
1,020.722222. Interest due June 1, 2000 will be paid in
the usual
manner.
The holders have the right to convert their
Notes in the principal amount of 1,000 or multiples thereof, into fully paid
and non-assessable Ordinary Shares at the conversion price of US$ 42.00. No
adjustment in respect of interest or dividends will be made upon any
conversion; provided that if a conversion is requested between the record date
and interest payment date, the Note must be accompanied by an amount equal to
the interest otherwise payable on such payment date. No fractional shares will
be issued, but payment in cash will be made in lieu of fractional
Shares.
The Fantastic Corporation Postpones
Planned Follow On Offering
The Fantastic Corporation has decided to postpone the
proposed follow-on offering scheduled for the second quarter this year. Since
the Company has sufficient funds for working capital it has no need to proceed
with the offering under the current market conditions.
The Fantastic Corporation is the leading provider of software solutions for
data broadcasting. This is an emerging communications technology which combines
point-to-multipoint digital broadcasting with point-to-point Internet
connectivity, in order to deliver rich interactive media content to PCs,
digital set-top boxes or handheld devices (including 3G mobile phones) over any
broadband IP network.
By merging the inherent bandwidth and speed
benefits of broadcasting technologies with the interactivity of the Internet,
broadcast data provides superior content distribution and interaction in an
increasingly IP-centric world. Fantastic's end to end software supports the
rapid growth of the "data broadcast" industry.
Fantastic's customers
are typically in two categories. The first includes network operators,
satellite companies and any other company providing broadband data transmission
services. The second category is content providers, such as media or
entertainment companies, or any organisation wishing to transmit large volumes
of digital data to target receiver groups quickly and efficiently.
ViaSat Completes Acquisition of
Scientific Atlanta's Networking Business
ViaSat Inc has completed the acquisition of the
Satellite Networking Business of Scientific-Atlanta Inc for a purchase price of
approximately US$ 64.4 million in cash.
ViaSat will
combine the acquired businesses with ViaSat's StarWire broadband on-demand
satellite networks to form the ViaSat Satellite Networks division.
The
acquisition includes personnel, technology, products, and distribution
capabilities that extend ViaSat's product lines into broadband satellite
network gateways, data transaction networks, telephony, mobile asset tracking,
automated meter reading, remote monitoring, space imaging and antenna
manufacturing.
OlympuSAT Launches Independent
Digital Program Service Platform
OlympuSAT Inc has launched the first of several
independent program service bundles for digital transmission and distribution
to cable operators and direct broadcast satellite providers in the United
States.
OlympuSAT I features an array of diverse niche
networks including GoodLife TV Network, which targets Boomers with broad-based
entertainment and information programming; FamilyNet, dedicated to quality
family and values-based programming; C3D Television, the world's first 3D
television network; The B-Movie Channel, featuring classic and cult B-Movies;
Canal Sur, the Latin American news service; Independent Music Network
Television, the first venue for independent musicians to showcase their work on
national television; and MBC Network, whose mission is to reconnect the
African-American family through cable television.
OlympuSAT was
created to serve as a bridge between cable operators and independent television
programmers. The OlympuSAT platform bundles and digitally transmits "suites" of
growing, independent programming services, offering them efficient and
cost-effective distribution. OlympuSAT also provides these growing services
with supplemental marketing and affiliate relations support.
For
operators, the OlympuSAT platforms offer economies of scale by providing one
source for reception and delivery of multiple network feeds from one
transponder. The OlympuSAT package also allows cable operators to pull down a
mix of niche networks that will appeal to diverse audiences.
OlympuSAT
has selected Loral Skynet's Telstar 7 for distribution of its independent
programming platforms. Additional strategic relationships are being formed for
innovative ancillary services for current and future programming
partners.
NASA Establishes Health and Safety
Office
NASA has
created a new office to increase the Agency's emphasis on health and safety on
the ground and in space.
Dr. Arnauld Nicogossian will
lead the effort as Chief Health and Medical Officer, reporting directly to the
NASA Administrator. Dr. Nicogossian will be responsible for developing the
Agency's infrastructure in areas such as best medical practices, professional
development and training, and improvement.
Dr. Nicogossian will
establish the NASA Health Council to address the Agency's needs and investments
in health, including strengthening external interfaces with other health
agencies. Similar infrastructure will be established as appropriate at NASA
field centres.
Dr. Nicogossian will continue to serve in the capacity
of Associate Administrator for Life and Microgravity Sciences and Applications
pending the selection of his replacement. NASA will begin an immediate search
to fill the position.
New NASA Chief of Staff
Edward J. Heffernan has
been named Chief of Staff at NASA Headquarters.
As Chief
of Staff, Heffernan will continue in his role as head of the Agency's
legislative affairs and will also co-ordinate all staff activities in the
immediate office of the Administrator.
Signal Technology Names New COO and
President
Signal
Technology Corporation, a leading provider of electronics products for the
defence, space and commercial wireless communications markets, has named Dr.
James V. DiLorenzo as Chief Operating Officer and President of the company.
DiLorenzo, 58, joined Signal as the company's president in
1999 and has been leading the company's Signal Wireless Group. In his expanded
role as chief operating officer, DiLorenzo will continue to lead the Signal
Wireless Group while assuming additional strategic responsibilities.
Signal also announced that John Cotumaccio has been named the company's Senior
Vice President of Operations. He will continue to serve as President of
Signal's Keltec Operation in Fort Walton Beach, Florida. Joseph Mersereau has
also been named President of the company's California Operation.