TerreStar Networks Inc. (TerreStar), a majority owned subsidiary of TerreStar Corporation (TSTR), has announced the launch of TerreStar-1 has been rescheduled for a July 7-12, 2009, window to permit additional time to ensure an on-orbit anomaly that occurred recently on another operator's satellite has no bearing on the flight worthiness of TerreStar-1.

"While our vendors have assured us that TerreStar-1 is ready to launch, we believe this short delay may provide a window for additional data to verify that TerreStar-1, including its 18 meter reflector, is unaffected by the anomaly reported by another operator's S-nand satellite," Dennis Matheson, CTO of TerreStar said. Arianespace, TerreStar-1's launch services provider, has agreed to this updated launch schedule. "Throughout the construction of TerreStar-1 we have emphasized quality and certainty over speed. Today's revised launch schedule is another example of our commitment to eliminate unnecessary risks when we can," said Jeffrey Epstein, President of TerreStar. Final authorization of the updated launch date is subject to FCC approval of a new launch milestone. No change to the August 30 FCC/Industry Canada operational milestone is necessary.