July 12, 2010 - Sea Launch Company, has entered into an agreement with Asia Satellite Telecommunications Company Limited (AsiaSat), for the launch of an AsiaSat satellite to geosynchronous transfer orbit, on the Sea Launch system.

AsiaSat will assign the mission at a later date for a launch to be executed between 2012 and 2014. It will be carried out on Sea Launch’s reliable Zenit-3SL launch system, from its equatorial launch site at 154 degrees West, in international waters of the Pacific Ocean.

Sea Launch is now in the final stages of formalizing its new business and reorganization plans, as it moves forward toward exiting Chapter 11 in the third quarter of 2010. On May 10, 2010, Sea Launch filed its Plan of Reorganization and Disclosure Statement. Sea Launch anticipates court confirmation of its Plan of Reorganization at a hearing in the U.S. Bankruptcy Court in Delaware, scheduled for July 27, 2010.