SpaceRISE Selected by European Commission to Build and Operate the IRIS2 Multi-orbit Satellite Constellation
31 Outubro 2024 - 1:38PM
Business Wire
Regulatory News:
SpaceRISE, the consortium comprising Eutelsat (ISIN:
FR0010221234 - Euronext Paris / London Stock Exchange: ETL),
Hispasat and SES (Ticker: SESG), together with other core members,
is pleased to announce it has been awarded by the European
Commission to design, deliver, and operate IRIS², the European
Union’s pioneering multi-orbit connectivity system. This milestone
represents a crucial step towards establishing a secure, resilient,
and autonomous communications infrastructure for Europe.
IRIS² will play a transformative role in reinforcing Europe’s
resilience, digital sovereignty, and low-latency connectivity for
all EU Member States. This IRIS² multi-orbit satellite system is
intended to enhance Europe’s ability to respond to crises, protect
essential infrastructure, and bridge the digital divide. With full
operational status targeted for the early 2030s, IRIS² will deliver
a secure and competitive communications backbone aligned with
Europe’s strategic and digital priorities.
The IRIS2 programme is a public private partnership (PPP) which
will be funded by a combination of EU, European Space Agency and
private financing from the three satellite operators within the
SpaceRISE consortium.
The consortium looks forward to the final phase of the
procurement process leading to contract signature expected by the
year end.
Eva Berneke, Chief Executive Officer of Eutelsat
commented: “The IRIS² programme is a powerful extension of
Eutelsat’s commitment to advancing Europe’s digital sovereignty
through sustained investment in multi-orbit technology to deliver
multi-layered, low-latency networks, which are essential to
Europe’s strategic resilience. We are proud to support the EU on
this project alongside the consortium partners to deliver a
resilient, future-ready communication system that meets Europe’s
most critical connectivity needs, while generating value-creation
for Eutelsat and its stakeholders by complementing and enhancing
our existing LEO capabilities."
Miguel Ángel Panduro, Chief Executive Officer of Hispasat
added: "We are firmly committed to everything that IRIS²
represents: a sovereign secure communications system, supported by
European innovative developments and driven by public-private
partnership. It is an ambitious project, in which the companies of
the SpaceRISE consortium are working to offer the best response to
the demands of the European Union. This award is an exciting first
step of a project that will define the future of satellite
communications in Europe."
Adel Al-Saleh, Chief Executive Officer of SES said:
“Being selected as a trusted partner for IRIS² is an honour.
SpaceRISE, based on the European Union’s requirements will define
and develop a future-proof space network that will serve as the
cornerstone of Europe’s space and defence strategies in the years
to come. The IRIS² system is aligned with SES’s multi-orbit network
and underscores our commitment to advancing our MEO capabilities,
as well as having access to LEO orbit. We will continue to ensure
that the contract meets our IRR requirements, cash generation
fundamentals, and investment grade metrics.”
About Space RISE SpaceRISE which stands for Space
Consortium for a Resilient, Interconnected and Secure Europe is
dedicated to fostering a resilient, interconnected, and secure
Europe through space innovation. Comprising Europe’s key space and
telecom companies including Airbus Defence and Space, Deutsche
Telekom, Eutelsat, Hisdesat, Hispasat, OHB, Orange, SES,
Telespazio, Thales Alenia Space, and Thales, SpaceRISE aims to
bring SMEs and New Space players together in a multi-national
footprint throughout the EU27 Member States to expand its
collaboration. By harnessing the strengths of established industry
leaders and emerging innovators, SpaceRISE is set to drive Europe’s
secure and sustainable future in space.
About Eutelsat Group
Eutelsat Group is a global leader in satellite communications,
delivering connectivity and broadcast services worldwide. The Group
was formed through the combination of the Company and OneWeb in
2023, becoming the first fully integrated GEO-LEO satellite
operator with a fleet of 36 Geostationary satellites and a Low
Earth Orbit (LEO) constellation of more than 600 satellites. The
Group addresses the needs of customers in four key verticals of
Video, where it distributes more than 6,500 television channels,
and the high-growth connectivity markets of Mobile Connectivity,
Fixed Connectivity, and Government Services. Eutelsat Group’s
unique suite of in-orbit assets enables it to deliver integrated
solutions to meet the needs of global customers. The Company is
headquartered in Paris and the Eutelsat Group employs more than
1,700 people across more than 50 countries. The Group is committed
to delivering safe, resilient, and environmentally sustainable
connectivity to help bridge the digital divide. The Company is
listed on the Euronext Paris Stock Exchange (ticker: ETL) and the
London Stock Exchange (ticker: ETL). Find out more at:
www.eutelsat.com
DISCLAIMER
The forward-looking statements included herein are for
illustrative purposes only and are based on management’s views and
assumptions as of the date of this document. Such forward-looking
statements involve known and unknown risks. For illustrative
purposes only, such risks include but are not limited to: risks
related to the health crisis; operational risks related to
satellite failures or impaired satellite performance, or failure to
roll out the deployment plan as planned and within the expected
timeframe; risks related to the trend in the satellite
telecommunications market resulting from increased competition or
technological changes affecting the market; risks related to the
international dimension of the Group's customers and activities;
risks related to the adoption of international rules on frequency
coordination and financial risks related, inter alia, to the
financial guarantee granted to the Intergovernmental Organization's
closed pension fund, and foreign exchange risk. Eutelsat
Communications expressly disclaims any obligation or undertaking to
update or revise any projections, forecasts or estimates contained
in this document to reflect any change in events, conditions,
assumptions, or circumstances on which any such statements are
based, unless so required by applicable law. The information
contained in this document is not based on historical fact and
should not be construed as a guarantee that the facts or data
mentioned will occur. This information is based on data,
assumptions and estimates that the Group considers as
reasonable.
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MEDIA
EUTELSAT: Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Anita Baltagi Tel. +33 643 930 178 abaltagi@eutelsat.com
HISPASAT : Victor Inchausti Tel +34 667 31 29 48
vinchausti@hispasat.com www.hispasat.com
SES : Suzanne Ong Tel +352 71072 5500 suzanne.ong@ses.com
www.ses.com
INVESTORS
EUTELSAT : Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Hugo Laurens-Berge Tel. +33 670 80 95 58
hlaurensberge@eutelsat.com
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