15 February 2012

Space Systems/Loral Selects Teamcenter for Development of World's Most Advanced Satellites

PLANO, Texas, February 15, 2012 - Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that Space Systems/Loral has selected its Teamcenter® software, the world’s most widely used digital lifecycle management system, to replace existing applications, and help enable the development of the world’s most advanced satellites.

Following a thorough, PLM industry-wide evaluation, Space Systems/Loral made the strategic decision to begin to implement Siemens PLM Software’s technology this month – an implementation that will take place throughout 2012 and will ultimately replace its existing product data management systems.

“As part of our commitment to product and process improvement, Space Systems/Loral has selected Teamcenter as our new PLM platform,” said Mouctar Diallo, vice president of Information Technology, Space Systems/Loral. “We conducted a thorough PLM vendor selection process which resulted in selecting Siemens as it proved to be the best PLM vendor for Space Systems/Loral to partner with.”

“We are proud to partner with the world’s leading provider of commercial satellites,” said Chuck Grindstaff, president and CEO, Siemens PLM Software. “Our vision for all of our customers is to provide the technology, services and expertise that will help them make smarter decisions that result in better products; so we are delighted that Space Systems/Loral has joined so many other companies in embracing that vision and migrating to Teamcenter as their company-wide foundation for PLM.”

“This agreement with Space Systems/Loral highlights the market leadership of Teamcenter in the Aerospace and Defense market, but also underscores the role our technology plays in innovation,” said Eric Sterling, senior vice president, general manager, Teamcenter, Siemens PLM Software. “Clearly the world’s most widely used digital lifecycle management system, Teamcenter, continues to play a critical role for companies focused on innovation as their mission.”

About Space Systems/Loral

Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world’s leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. For more information, visit www.ssloral.com.

About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 7 million licensed seats and more than 71,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies to deliver open solutions that help them turn more ideas into successful products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About the Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg, Germany) supports the entire value chain of its industrial customers – from product design to production and services – with an unmatched combination of automation technology, industrial control technology, and industrial software. With its software solutions, the Division can shorten the time-to-market of new products by up to 50 percent. Industry Automation comprises five Business Units: Industrial Automation Systems, Control Components and Systems Engineering, Sensors and Communications, Siemens PLM Software, and Water Technologies. For more information, visit www.siemens.com/industryautomation

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter is a trademark or registered trademark of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

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