Loral Skynet Selected by Global Crossing to Provide Satellite Communications Services in Tsunami Region

Loral Skynet Selected by Global Crossing to Provide Satellite Communications Services in Tsunami Region

Communications Link to Aid British Foreign and Commonwealth Office

BEDMINSTER, N.J., Feb. 3 /PRNewswire/ -- Loral Skynet today announced that it has been selected to provide satellite communications services to the British Foreign and Commonwealth Office (FCO), through an agreement with Global Crossing, that will support the FCO's recovery efforts related to the tsunami disaster.

Loral Skynet is providing a 256 Kb VSAT (very small aperture terminal) satellite communications link and related support services to British Foreign Office employees on-site in Phuket, Thailand. The system is being used to aid in the DNA analysis and identification efforts of British citizens in the region. Information is collected from widely dispersed locations across Thailand and sent from Phuket to specialists in the UK for analysis. The process is expected to last from three to six months.

"Loral Skynet is supporting employees of the FCO with state-of-the-art technology and experience to help Global Crossing and the Foreign Office on this important task," said Patrick Brant, president, Loral Skynet. "Loral Skynet's ability to provide an instant infrastructure is providing the British Foreign Office with critical communications links during the arduous recovery work in Southeast Asia."

Global Crossing operates the FCO Telecommunications Network (FTN), a highly secure worldwide network extending to 220 sites in 140 countries. Last year, Global Crossing commissioned a satellite earth station in Canberra, Australia, to serve posts in the Pacific islands. This global Internet Protocol-based private network is the largest outsourcing project ever awarded by the FCO, providing secure, high-speed voice, data and messaging services to more than 14,000 users in British embassies, consulates and high commissions worldwide.

In rolling out the FTN, Global Crossing maximized the unique reach of its global network, using satellite for local access in remote and under-developed regions of the world where local infrastructure is inadequate or unreliable. The versatility of the FTN has greatly improved the FCO's ability to respond to crises and international operations. Rapid-deployment satellite links were installed in the two major Iraqi cities of Basra and Baghdad at the time the Coalition Provisional Authority was set up, and VSAT links are used to connect Kabul in Afghanistan to the FTN.

Skynet's flexible and reliable multiplexed network provides secure, resilient, and cost-effective connectivity for both point-to-point and point- to-multipoint communications with no intervening terrestrial links. Its high rate of availability ensures support for critical communications and its dedicated bandwidth can be increased without expensive and time-consuming equipment changes.

A pioneer in the satellite industry, Loral Skynet delivers the superior service quality and range of satellite solutions that have made it an industry leader for more than 40 years. Through the broad coverage of the Telstar satellite fleet, in combination with its hybrid VSAT/fiber global network infrastructure, Skynet meets the needs of companies around the world for broadcast and data network services, Internet access, IP and systems integration. Headquartered in Bedminster, New Jersey, Loral Skynet is dedicated to providing secure, high-quality connectivity and communications. For more information, visit the Loral Skynet web site at http://www.loralskynet.com/.

In addition to being the parent company of Loral Skynet, Loral Space & Communications (BULLETIN BOARD: LRLSQ) is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications through its Space Systems/Loral subsidiary. For more information, visit the Loral Space & Communications web site at http://www.loral.com/.

Global Crossing (NASDAQ:GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 500 major cities, 50 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing owns and operates two satellite earth stations, one in Canberra and another in Hampshire in the UK which is connected to the Intelsat 904 satellite positioned over the Indian Ocean and Telstar 12 in geostationary orbit over the Atlantic, serving 120 sites. These earth stations support 2Mbps capable links that are providing users with full access to the voice, data and video conferencing services available on the FTN, opening up the use of applications such as online visa applications.

Loral Skynet is a specialist satellite sub-contractor to Global Crossing, providing global support for the FTN network in terms of bandwith and the installation and maintenance of VSAT equipment.

Please visit http://www.globalcrossing.com/ for more information about Global Crossing.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward- looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. These factors include those related to the filing, on July 15, 2003 by Loral and certain of its subsidiaries, of voluntary petitions for reorganization under chapter 11 of title 11 of the United States Code in the United States District Court for the Southern District of New York and parallel insolvency proceedings in the Supreme Court of Bermuda in which certain partners of KPMG were appointed as joint provisional liquidators. Additional factors and conditions are also described in the section of the company's annual report on Form 10-K for the fiscal year ended December 31, 2003, entitled "Commitments and Contingencies," and the company's other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

Statements made in this press release that state Global Crossing's intentions, beliefs, expectations, or predictions for the future are forward- looking statements. These statements contain words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," "seek," or similar expressions. Such statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the conditioning of the company's continued listing on the NASDAQ National Market on its timely filing with the SEC of all periodic reports for all reporting periods ending on or prior to September 30, 2005; the company's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; the ability of the company to arrange the necessary financing to fund its liquidity requirements including through a working capital facility; legal and contractual restrictions on the payment of dividends and the inter-company transfer of funds by the company's subsidiaries, including restrictions under the senior secured notes indenture applicable to the company's primary operating subsidiary in the UK; the likelihood that the prices the company charges for its services will continue to decrease; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the success of the company's business realignment plan and the realization of anticipated cost savings; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; the impact of actual and potential customers' bankruptcies on the company's sales prospects and results of operations; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; the impact on the company's competitiveness of its technology choices; the company's dependence on third parties for many functions; political, legal and other risks due to the company's substantial international operations; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time.

Contact:
John McCarthy
(212) 338-5345



Source: Loral Skynet

CONTACT: John McCarthy of Loral Skynet, +1-212-338-5345

Web site: http://www.loral.com/
http://www.loralskynet.com/


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