ViviSat Is Ready to Build
DULLES, Va., March 8, 2012 /PRNewswire/ — ViviSat, the only U.S.-based provider of in-orbit servicing, will be showing the satellite industry that it is ready to build its mission extension vehicles. Through exhibits, panel sessions, and video at the Satellite 2012 Conference and Exhibition, ViviSat and its founders will present the flexible, scalable, capital-efficient, and low-risk in-orbit mission extension and protection services that can add several years to the revenue-producing life of a satellite. ViviSat’s founders are U.S. Space LLC, a U.S.-based creator of dedicated space solutions for government and commercial clients, and ATK [NYSE: ATK], an aerospace, defense, and commercial products company.
Craig P. Weston, Chief Executive Officer of ViviSat, said, “At ViviSat, we are making substantial progress across the board — the design phase is progressing on schedule and we are in serious negotiations with potential customers. We are open for business, making good headway, and getting a good response. We are ready to build.”
Tom Wilson, Board Member of ViviSat and Vice President and General Manager of ATK Spacecraft Systems and Services, said, “The market conditions for ViviSat are strong, with productive and energetic activity on numerous fronts. Both government and commercial organizations are engaged, and ViviSat is participating in many business and research efforts. All of this activity demonstrates what we’ve been saying — there is great value in revitalizing space assets.”
The company’s activities at Satellite 2012 will include Craig Weston’s participation in the panel discussion “DoD Procurement Efficiencies in a Budget Constrained Environment,” on Tuesday, March 13 at 4:30 pm. ViviSat Chief Operating Officer Bryan McGuirk will be a panelist in the session on “Satellite Life Extension: Ready to Make an Impact?” on Wednesday, March 14 at 10:15 am.
Satellite 2012 participants who want to learn more about ViviSat can visit the ATK exhibit at booth 911. Members of the ViviSat team will be available to share information and materials and will introduce an animated video of ATK’s Mission Extension Vehicle (MEV). The MEV is designed to dock with the orbiting satellite, securely latch onto it, and serve as a back-up propulsion system. This enables a mission extension for satellites which have run out of maneuvering fuel yet still have plenty of electrical power to operate their payloads. ViviSat services include rendezvous and docking without interruption of satellite operation, long-term station-keeping and attitude control, relocation to different orbits or orbital slots, de-orbiting, and rescue and re-orbiting of satellites stranded in incorrect orbital slots.
Further information about ViviSat can be found at the company’s website, http://www.vivisat.com
ABOUT U.S. SPACE
U.S. Space LLC is a U.S.-owned provider of dedicated, commercial space solutions. The company was established in January 2009 as a U.S.-owned provider of satellite solutions with a unique model combining the best commercial and government practices. The company, which is run by a small group of highly respected former military and corporate leaders, now offers a variety of dedicated space solutions to serve the nation’s interests. More information on the company is available at www.usspacellc.com.
ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally, with revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK and U.S. Space believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, they can give no assurance that their expectations will be achieved. Forward-looking information is subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected. Among these factors are: technical challenges associated with the development and performance of advanced space technologies and services, and assumptions regarding the development of commercial and governmental markets for in-orbit mission extension and operations protection. Neither ATK nor U.S. Space undertakes any obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK’s most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
MEDIA CONTACTS: Hilary Condit Vicki Cox U.S. Space LLC ATK 646-278-0371 301-902-4372 firstname.lastname@example.org email@example.com