PALO ALTO (Yosefardi) – Space Systems/Loral (SSL), a leading provider of commercial satellites, was selected to provide a satellite to PT. Bank Rakyat Indonesia (Persero) Tbk (BRI), the oldest and most profitable bank in Indonesia.

The SSL-built satellite will make BRI the first bank in the world to launch a communications satellite, and will provide a dedicated platform for banking connection services for the people of Indonesia.

BRIsat is a C-band and Ku-band satellite that will be positioned at 150.5 degrees East longitude with coverage of South East Asia and Indonesia. It will help BRI provide secure banking communications for its over 9,800 branches, over 100,000 electronic channel outlets and over 50 million customers across Indonesia.

BRIsat is based on the SSL 1300 satellite platform, which has the flexibility to support a broad range of applications and technology advances. Scheduled for launch in 2016, it will provide service for 15 years or longer.

In addition to the BRIsat satellite, SSL will provide a complete ground system, which includes two satellite control facilities, as well as training, and launch support services.