Spacecom reports Amos 5 satellite fault

The breakdown will shorten the communications satellite's lifespan by eleven months.

Spacecom Satellite Communications Ltd. (TASE:SCC) today reported another breakdown in the power supply of its Amos 5 communications satellite. "There has been a breakdown in the satellite's No. 2 power supply affecting its ability to control two more engines," said the company, controlled by Shaul Elovitch's Eurocom Group, in a notice to the TASE.

The breakdown follows two earlier breakdowns, which halved the Amos 5's No. 1 power supply, and a breakdown in the No. 2 power supply, which left only half of the satellite's eight engines operational.

The breakdown will shorten the satellite's lifespan by eleven months. "If it is not possible to operate additional engines by the No. 2 power supply, the life span could be considerably shorter," added Spacecom. It said that there were alternative paths to operate the engines, which if they can be used, will mean that the satellite's lifespan will not be shortened.

Spacecom's share price fell 13.7% by late afternoon in heavy trading to NIS 50, giving a market cap of under NIS 1 billion.

Published by Globes [online], Israel business news - www.globes-online.com - on October 22, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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