echostar corp-a (SATS) Key Developments
EchoStar Corporation Provides New Product for Secure Home Automation During IBC in Amsterdam
Sep 12 14
EchoStar Corporation provided IBC attendees a sneak peek of its exciting new product for secure home automation during IBC in Amsterdam. The company has turned its engineering expertise to a new realm with this end-to-end home security and control product. Providing consumers visibility and control over their entire home ecosystem, the solution is accessible not only on mobile devices but also where it is most convenient--the consumer's television. The solution will provide an easy-to-use and affordable way for people to control, monitor, and manage the home automation and security of their homes. The product is a do-it-yourself installation that wirelessly connects the home's devices. This enables consumers to simply create and manage a custom system that fits their lifestyles with devices including thermostats, security cameras, entry point sensors, locks, lights, doorbells, and switches. In addition, this product will offer consumers peace of mind with features that help monitor the home. EchoStar's powerful end-to-end infrastructure system utilizes cloud capabilities to create unique features and mobile apps for the consumer. Custom notifications about system activity and live video can be set and sent to multiple smart phones. For example, both parents can be alerted and see live video when children arrive home safely. The new home automation product is expected to debut in various territories beginning in 2015. A product expert will be available in EchoStar's stand F76 in RAI Hall 1 at IBC September 12 to 16.
SES S.A Announces Strategic Partnership with Echostar Corporation
Sep 4 14
SES S.A. announced a new cornerstone in its strategic partnership with EchoStar Corporation at the orbital position of 105 degrees West with the procurement of the new SES-11 satellite, also to be known as EchoStar 105. SES-11 will be manufactured by Airbus Defence and Space based on the highly reliable Eurostar E3000 platform. The satellite will be launched into space in Fourth Quarter 2016. SES-11 will carry 24 Ku-band transponders as well as 24 C-band transponders (36 MHz equivalent). The spacecraft will have a separated mass of approximately 5,400 kg and an end of life budget for the payloads of approximately 12 kW. The spacecraft's Ku-band capacity will replace the existing SES satellite AMC-15 at 105 degrees West, an orbital position where Echostar has been SES's anchor customer since 2006. The spacecraft's C-band capacity will also allow SES to provide replacement capacity for AMC-18 at 105 degrees West.
EchoStar Corporation Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014
Aug 7 14
EchoStar Corporation announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $880 million compared to $830 million for the corresponding period in 2013. Net income attributable to the company’s common stock was $33.8 million or $0.36 diluted earnings per share compared to a net loss attributable to the company’s common stock of $9.8 million or $0.11 diluted loss per share during the corresponding period in 2013. The company's capital expenditures were $156 million compared to $86 million last year. The spending increase was related to satellite constructions, primarily EchoStar XIX, EchoStar XXI and the 65 West satellite, and to a lesser extent, early spending on EchoStar XXIII.
For the six months, the company reported total revenue was $1,706 million compared to $1,625 million for the six months ended June 30, 2013. Net income attributable to the company’s common stock was $46.4 million or $0.50 diluted earnings per share compared to a net loss of $6.3 million or $0.07 diluted loss per share for the corresponding period in 2013.
For the full year capital expenditure to be in the $750 million to $780 million range, down from previous indications as a result of delays in some start dates on certain satellite programs.
EchoStar Mulls Acquisitions
Aug 7 14
EchoStar Corp. (NasdaqGS:SATS) is seeking acquisitions. Mike Dugan, Chief Executive Officer of EchoStar said, "We continue to -- we intend to continue to explore opportunities for expansion into international markets through partnerships and joint ventures, with reputable and established local companies, and through acquisitions.
EchoStar Corp. to Report Q2, 2014 Results on Aug 07, 2014
Jul 28 14
EchoStar Corp. announced that they will report Q2, 2014 results at 12:00 PM, GMT Standard Time on Aug 07, 2014