Space Systems/Loral Built Satellite Successfully Launched

Largest Satellite Ever Uses Innovative Technology, Flight Events Proceeding on Schedule

(Palo Alto, Calif., April 15, 2008) -- Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NASDAQ: LORL), and the world's leading provider of high-power commercial satellites, today announced that the satellite that it built for ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) was successfully launched aboard an Atlas V rocket from Cape Canaveral, Florida. The satellite is the first to use Ground Based Beam Forming (GBBF) technology and is the largest commercial satellite ever launched. It successfully deployed its solar arrays several hours after separation and will begin firing its thrusters later today in order to maneuver into geosynchronous orbit.

ICO G1 will be used to provide fully interactive mobile video, navigation and emergency assistance service, known as ICO mim(TM) (mobile interactive media), throughout the U.S., including Alaska and Hawaii, Puerto Rico and the U.S. Virgin Islands.

"We are very excited to see the successful launch of ICO G1," said John Celli, president and chief operating officer of Space Systems/Loral. "Space Systems/Loral has a history of working with companies on the cutting edge of new technologies. I believe that this launch marks the beginning of a new era of unimpeded mobility."

Source : Space Systems/Loral

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