NSE New Skies Satellite Hlds Ltd

New Skies Satellites Holdings Ltd. ("New Skies") (NYSE:NSE), the global satellite communications company, today responded to information provided by Intelsat, Ltd. regarding the ongoing investigation into the failure of the Intelsat 804 satellite earlier this year. Commenting on Intelsat's disclosure, Stephen Stott, New Skies' Chief Technology Officer, said: "Promptly after the failure of Intelsat's satellite, Lockheed Martin, the satellite's manufacturer, launched a comprehensive investigation into the cause of the failure. "At this point, Lockheed Martin has not completed its investigation and it is premature for us to speculate on what conclusions it will reach. Lockheed Martin is evaluating system design issues that could cause a failure under certain environmental and operational conditions. However, it has not isolated the root cause of the Intelsat satellite failure or the probability of such cause reoccurring on other satellites of the same series. As a result, Lockheed Martin has not yet determined to what extent other satellites of the same series face an increased risk of failure or whether operating procedures should be implemented to mitigate, in whole or in part, any such risk. "We are continuing to monitor the situation closely, in coordination with Lockheed Martin. We look forward to the conclusion of Lockheed Martin's investigation and intend to take all appropriate steps, as and when they are identified, to protect the continued safe operation of our satellite fleet." About New Skies Satellites (NYSE: NSE) New Skies Satellites is one of only four fixed satellite communications companies with global satellite coverage, offering data, video, Internet and voice communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government entities around the world. New Skies has five satellites in orbit, one spacecraft under construction (NSS-8) and ground facilities around the world. New Skies Satellites Holdings Ltd. is headquartered in Hamilton, Bermuda and has subsidiaries with offices in The Hague, Hong Kong, New Delhi, Sao Paulo, Singapore, Sydney and Washington, D.C.