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Echostar's CEO Discusses Q4 2011 Results - Earnings Call Transcript

So let’s move on to specific highlights, before we open up to questions and answers. First of all, JUPITER, now known as EchoStar 17, our Ka-band satellite under construction (inaudible) now has successfully completed the alignment and dynamic phase, while spacecraft is built up with all of its light hardware and tested to confirm that it can withstand the launch load (inaudible).

The program now is in the final testing phase. JUPITER’S Gateway system and user terminals have successfully completed their factory and field qualifications and are now being tested over the EchoStar-leased AMC 15 Ka-band satellite.

Processing – crossing these major milestones pave the way for the planned launch in the summer of 2012 of EchoStar 17, which will deliver high speed HughesNet Gen4 broadband satellite Internet service across North America and provide the capacity to satellite growth in our consumer business. The EchoStar 16 spacecraft which is a DBS satellite fully leased to DISH Network is under construction, also at Space Systems/Loral and has successfully completed thermal vacuum testing. The program is now entering the alignment dynamic phase and it is on track for completion in the summer of 2012 and will launch sometime in the second half of 2012 on board the Proton.

You may recall that at the Q3 earnings call we announced the word of certain orbital slots to our Bulgarian subsidiary. We have since been in discussion with Anatel, the Brazilian telecom regulatory agency and are optimistic that the license for the 45 degree west slot will be signed shortly. As a result we are looking forward to expanding our business in one of the fastest-growing regions of the world.

Used/new order input continued a strong pace in Q4, significant orders in our North American enterprise business included (inaudible) 44, GTECH, Best Western, Halliburton, Yum, Jack-in-the-Box McDonald’s, Sherman Williams, Konica, Phillips and various orders from the (inaudible) intelligence agencies.

Read the rest of this transcript for free on seekingalpha.com

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