February 27, 2003

Orbital Recovery Corporation chooses Ariane as primary rocket for the SLES telecommunications satellite “rescue” space tug

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Orbital Recovery Corporation has selected Ariane as the primary launch vehicle for its Geosynchronous Spacecraft Life Extension System (SLES), signing an agreement with Arianespace to orbit at least four SLES space tugs beginning in 2005.

SLES will be carried as a secondary payload on Ariane launches, with a liftoff mass of 500-800 kg, depending on the space tug’s specific mission.

The unique SLES is designed to extend the useful lifetime of multi-million dollar telecommunications satellites by 10 years or more, and also is capable of rescuing satellites stranded in incorrect orbits.

“The SLES is joining some of the world’s leading satellite payloads on the Ariane manifest,” Orbital Recovery Corp. Chief Executive Officer Walt Anderson said. “Ariane’s flexibility was one of the deciding factors in our selection.”

The agreement calls for an initial SLES launch on Ariane in the first quarter of 2005 followed by two more SLES flights in 2005, and provides for additional launches in 2005 and beyond.

“Arianespace has a tradition of working with promising new companies, and we are pleased to provide launch services for the innovative SLES,” said Arianespace Chief Executive Officer Jean-Yves Le Gall. “Our experience in launching multi-satellite payloads – combined with Ariane’s lift capability – allows the SLES to be launched when needed to serve Orbital Recovery Corporation’s mission requirements.”

About Arianespace

Arianespace is the commercial launch services leader, holding more than 50 percent of the international market for satellites launched to geostationary transfer orbit (GTO). Created in 1980 as the world’s first commercial space transportation company, Arianespace has signed contracts for the launch of more than 250 satellite payloads. For further information, see the Arianespace Web site at www.arianespace.com.

About Orbital Recovery Corporation

Orbital Recovery Corp. has offices in Washington, D.C. Los Angeles, and Sydney, Australia. Definition work on the SLES has been completed and the building of the industrial team is underway. Robotic technology from the DLR German Aerospace Center has been selected for the SLES docking and linkup, and Aon Space is providing insurance brokering and risk management services.

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