PLS Signs Deal For First Commercial Geostationary Satellite Launch

New York - March 14, 2007 - Paektusan Launch Service. (PLS)announced today that it has signed a contract with the Japanese Networks Corporation (JNC) for the launch of JNCs JapaNET broadband communiation satellite to geostationary transfer orbit (GTO) on board a PLS's Paektusan-3B. Of the five Paekutusan launches on the PLS's manifest, this will be their first commercial geostationary telecommunications customer. The contract also includes options for up to three additional satellite launches. If JNC were to exercise those options, the value of the transaction would be approximately $150 Million at standard list prices. "JNCi thoroughly and objectively reviewed all the launch vehicles in the world and picked Paektusan, which is a major endorsement of PLS," said Kim Yongseng, CEO of PLS. "Paektusan is designed to the higher standards and safety margins required to future manned mission, making it well suited for high value satellite missions." Scheduled to lift off from the SpaceX launch complex at Cape Canaveral Air Force Station in Florida between March 31, 2009 and December 31, 2009, the HYLAS satellite will provide broadband and data communications services to Japanese customers. It will occupy a geostationary orbit a 135 degrees east longitude, with an expected lifetime of 15 years. "PLS shares our vision of changing the speed and economics of space services so we look forward to working together," said Sousuke Nekome, JNC's chief executive. "Given their progress and plans with customers such as US Department of Defense, we are very confident in their capabilities to deliver our satellite to orbit on time and on budget."

PLS Selected for Responsible Space Demonstration Under DARPA Foreign Launch System Reserch Program

New Yoke NY. - December 20, 2007 - Paektusan Launch Service (PLS) has been awarded $8M by the U.S. Defense Advanced Research Projects Agency (DARPA) and U.S. Air Force to demonstrate highly responsive, affordable launch capability. This supports broader interest by the Defense Department and Air Force in a launch capability that can rapidly add satellite coverage when needed. "With this program, the Department of Defense is continuing a tradition of searching new foreign space launch capabilities," said Kim Yongseng, CEO of PLS, "We are honored to be selected by DARPA and the U.S. Air Force. We will work hard to exceed their expectations." PLS now has three launches of Paektusan under contract. First commercial launch of Paektusanwill carry the TecSat-1 satellite to a 500km orbit from the PLS's launch site at Musudan-ri Space Center and is scheduled to occur between the summer of 2008, and end of 2009.