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Mitsubishi Electric Receives Order for ST-2 Satellite from SingTel-Chunghwa Joint Venture

Press Release From: Mitsubishi Electric
Posted: Wednesday, December 3, 2008

First Order from Commercial Communications Satellite Market Outside Japan Using Its Original Japan-Made Satellite Bus Platform DS2000

Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) announced it has received an order to build the ST-2 communications satellite for a joint venture between Singapore Telecommunications Limited (SingTel) and Taiwan's Chunghwa Telecom Company Limited (Chunghwa). Currently, SingTel and Chunghwa jointly own the ST-1 and use this satellite in their various communications businesses. The ST-2 will succeed the ST-1 as their next communications satellite.

This order will make Mitsubishi Electric the first Japanese satellite manufacturer to enter the commercial communications satellite market outside Japan, using its original Japan-made satellite bus platform.

Background on Mitsubishi Electric's commercial satellites

Since the National Space Development Agency of Japan (NASDA) 1 was established in 1969, Mitsubishi Electric has been a leading manufacturer contributing to Japanese space research and development, participating as the main contractor in close to half of NASDA's domestic satellite development projects. The company has also been involved in more than 320 satellite projects overseas by, for example, providing satellite components.

1: Integrated with the Institute of Space and Astronautical Science (ISAS) and National Aerospace Laboratory of Japan (NAL) on October 1, 2003 to form the Japan Aerospace eXploration Agency (JAXA).

For the production of the ST-2, Mitsubishi Electric has proposed to use its original DS2000 satellite bus platform, which was developed based on the Engineering Test Satellite-8 (ETS-8) made for NASDA. The DS2000 was used in the Multi-functional Transport Satellite-2 (MTSAT-2) made for two organizations: the Ministry of Land, Infrastructure, Transport and Tourism of Japan and the Japan Meteorological Agency. It was also used in the Superbird-C2 made for SKY Perfect JSAT Corporation. Using the DS2000 helps reduce cost while maintaining reliability.

As a result, Mitsubishi Electric has won the contract for the ST-2, having been highly recognized for its delivery schedule, contractual methodology and other aspects. The ST-2 will be Mitsubishi Electric's first order for a commercial satellite using DS2000 received from outside Japan.

About Mitsubishi Electric

With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TOKYO:6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 4,049.8 billion yen (US$ 40.5 billion*) in the fiscal year ended March 31, 2008. For more information visit http://global.mitsubishielectric.com

*At an exchange rate of 100 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2008

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