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TerreStar Updates Roll Out Schedule

TerreStar Networks announced it expects to begin commercial roll out of the TerreStar GENUS(TM), the world’s first dual-mode satellite-cellular smartphone, in September 2010. The company has renewed the in-orbit insurance on its TerreStar-1 communications satellite for one additional year.

“TerreStar-1 continues to exceed performance expectations, and I am pleased with support we received from the insurance community,” stated Jeffrey W. Epstein, president and chief executive officer, TerreStar. “Further, while we have delayed the launch of our GENUS handset, this additional time ensures that when we launch service, the GENUS will truly revolutionize mobile communications for first responders, enterprise users, and those in areas where terrestrial networks are unavailable.”http://www.terrestar.com

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