Just got this in my mailbox!
New Launch Date Announced for EchoStar VIII Satellite
LITTLETON, Colo., Aug 2, 2002 (BUSINESS WIRE) -- EchoStar Communications Corporation (Nasdaq: DISH) announced today that its EchoStar VIII satellite is scheduled to launch from pad 23 at the Baikonur Cosmodrome, Kazakhstan, on Tuesday, Aug. 20. The satellite will launch aboard a Proton launch vehicle at 1:15 a.m. EDT.
The satellite was originally scheduled to be launched on June 22. During the final hours prior to launch, anomalous readings from a command receiver on the satellite were observed, resulting in the delay of the launch. A problem identified with the command receiver has since been corrected and a new launch date has been set.
The EchoStar VIII satellite will join seven other satellites currently comprising the EchoStar fleet. From its location at 110 degrees West Longitude, EchoStar VIII combined with EchoStar VII at 119 degrees W.L. will provide Ku-band and spot beam services over the continental United States, Alaska and Hawaii to enhance the delivery of EchoStar's DISH Network local-into-local TV channels.
The EchoStar VIII satellite was constructed by Space Systems/Loral based in Palo Alto, Calif., and the Proton launch vehicle is provided by International Launch Services based in McLean, Va.
Because of EchoStar's significant satellite backup capabilities along with the expected increase in backup capabilities pending the successful launch of EchoStar VIII, and due to the current market for in-orbit insurance, EchoStar has not procured in-orbit insurance for EchoStar VIII. EchoStar has procured $125 million of insurance for the launch of EchoStar VIII, protecting against the risk of total launch vehicle failure not attributable to the satellite through separation of the satellite from the launch vehicle.
DISH Network is a trademark of EchoStar Communications Corporation. DISH Network is EchoStar's state-of-the-art direct broadcast satellite TV system that is capable of offering over 500 channels of digital video and CD-quality audio programming, as well as fully MPEG-2/DVB compliant hardware and installation. EchoStar is included in the Nasdaq-100 Index (NDX) which contains the largest non-financial companies on the Nasdaq Stock Market. DISH Network currently serves over 7.16 million customers.
CONTACT: EchoStar Communications Corporation
Marc Lumpkin, 303/723-2020