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SiriusXM's new 1300-class satellite will provide continuous and expanded delivery of its audio entertainment and information services across North America
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, SiriusXM, the leading audio entertainment company in the United States, and SpaceX, today announced that the SXM-7 satellite was successfully launched and is performing properly.
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SXM-7, built by Maxar Technologies for SiriusXM, is seen here in Maxar's manufacturing facility in Palo Alto, Calif. Image credit: Maxar Technologies
SXM-7, a high-powered digital audio radio satellite, was launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida, earlier today. Shortly afterward, SXM-7 deployed its solar arrays and began receiving and sending signals. Next, SXM-7 will begin firing its thrusters to commence its journey to its final geostationary orbit.
SXM-7 will provide continuous, reliable delivery of SiriusXM's audio entertainment and information services to consumers in the United States, and will expand SiriusXM's coverage area in Canada and the Caribbean for years to come. SXM-7 will deliver the highest power density of any commercial satellite on-orbit, sending more than 8,000 watts of content to the continental U.S., Canada, Puerto Rico and the Caribbean, increasing the power and reach of the signal for SiriusXM.
"Maxar and SiriusXM have worked together for more than two decades to build world-class digital audio radio satellites that bring entertainment to almost every new car in America," said Megan Fitzgerald, Maxar's Senior Vice President of Space Programs Delivery. "We are proud to have built the latest addition to the SiriusXM constellation and look forward to the launch of their next Maxar-built satellite, SXM-8, next year."
"SXM-7 plays an important role in bolstering the continuity and reliable delivery of SiriusXM's audio entertainment, as well as our traffic, weather, data and information services for years to come," said Bridget Neville, SiriusXM's Senior Vice President of Satellite and Repeater Systems Engineering and Operations. "With the addition of SXM-7, our satellite-delivered service coverage area in North America is larger and more powerful than ever before. We congratulate our engineering team, Maxar and SpaceX on a successful launch."
"We had a beautiful Falcon 9 launch today, safely delivering SXM-7 to orbit," said Lee Rosen, SpaceX's Vice President of Customer Operations and Integration. "This was the seventh flight for this rocket's first stage booster, and we are grateful SiriusXM chose our flight-proven hardware to help broaden its coverage area."
SXM-7 weighs almost 7,000 kg and is built on Maxar's 1300-class platform , the world's most prevalent geosynchronous spacecraft platform. The satellite is designed to provide service for greater than 15 years. Maxar has previously built a total of seven satellites for SiriusXM, including its first-generation Sirius satellites that launched in 2000 and its second-generation Sirius satellites that launched in 2009 and 2013.
SXM-7 joins XM-3, XM-4, XM-5, FM-5 and FM-6 in SiriusXM's active satellite fleet. SXM-7 and SXM-8 together will replace XM-3 and XM-4, extending SiriusXM's satellite delivered services through at least 2036.
About Maxar
Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,000 team members in 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM and Pandora's properties reach more than 150 million listeners, the largest addressable audience in the U.S., across all categories of digital audio – music, sports, talk, and podcasts. SiriusXM's acquisitions of Stitcher and Simplecast, alongside industry-leading ad tech company AdsWizz, make it a leader in podcast hosting, production, distribution, analytics and monetization. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com .
Forward-Looking Statements
Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may," "will," "could," "should," "would," "plan," "potential," "intend," "anticipate," "believe," "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov , under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com .
The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201213005033/en/
Investor Relations Contact:
Jason Gursky
Maxar VP, Investor Relations and Corporate Treasurer
1-303-684-2207
jason.gursky@maxar.com
Hooper Stevens
SiriusXM
212-901-6718
hooper.stevens@siriusxm.com
Media Contact:
Kristin Carringer
Maxar Media Relations
1-303-684-4352
kristin.carringer@maxar.com
Patrick Reilly
SiriusXM
Patrick.Reilly@siriusxm.com
Kevin Bruns
SiriusXM
Kevin.Bruns@siriusxm.com
SpaceX
media@spacex.com
