The TerreStar GENUS Named as a CES Innovations 2010 Design and Engineering Award Honoree

RESTON, Va., Jan. 7 /PRNewswire/ -- Mobile communications provider TerreStar Networks Inc. (TerreStar), a majority-owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), announced today that its TerreStar(TM) GENUS(TM) smartphone has been named an International CES Innovations 2010 Design and Engineering Awards Honoree for the Wireless Handset category. Products entered in this prestigious program are judged by a preeminent panel of independent industrial designers, engineers and members of the media to honor outstanding design and engineering in cutting edge consumer electronics products across 36 product categories.

The TerreStar GENUS smartphone is an innovative mobile device that combines 3G terrestrial wireless capability with satellite voice and data services - all in a standard smartphone size and form factor. The TerreStar GENUS provides an enhanced end-user experience by leveraging the Windows Mobile® 6.5 operating system, rich smartphone functionality and premium features, such as a touchscreen, WiFi, Bluetooth®, GPS and a QWERTY keyboard, with satellite ubiquity and security. The TerreStar GENUS can be used throughout the United States, Puerto Rico, the U.S. Virgin Islands and offshore coastal waters, and is intended to work as a user's everyday cellular smartphone, with satellite access capability as a secondary option, when needed.

"The Innovations Design and Engineering Awards recognize the industry's most innovative products, and we are pleased the TerreStar GENUS has been named an honoree," said Dennis Matheson, chief technology officer, TerreStar Networks. "This award is a credit to the hard work of the TerreStar technical team and our vendor partners."

The Innovations Design and Engineering Awards have been recognizing achievements in product design and engineering since 1976. It is sponsored by the Consumer Electronics Association (CEA)®, the producer of the International CES, the world's largest consumer technology tradeshow, and endorsed by the Industrial Designers Society of America (IDSA), the voice of industrial design, committed to advancing the profession through education, information, community and advocacy.

The Innovations entries are judged based on the following criteria:

• Engineering qualities, based on technical specs and materials used
• Aesthetic and design qualities, using photos provided
• The product's intended use/function and user value
• Unique/novel features that consumers would find attractive
• How the design and innovation of the product compares to other products in the marketplace

Products chosen as an Innovations honoree reflect innovative design and engineering of the entries. Examples may include the first time various technologies are combined in a single product or dramatic enhancements to previous product designs.

Innovations 2010 Design and Engineering honoree products are featured on www.CESweb.org/Innovations, which lists product categories, as well as each product name, manufacturer information, designer, description, photo and URL.

About TerreStar Networks Inc.

TerreStar Networks (www.terrestar.com), a majority owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), plans to offer a reliable and secure satellite terrestrial mobile broadband network that will provide voice, data and video services dedicated to helping solve the critical communication and business continuity challenges faced by government, emergency responders, enterprise businesses and rural communities. TerreStar expects to offer next generation mobile communications through a network of partners and service providers to users who need "anywhere" coverage throughout the United States and Canada.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of TerreStar Corporation, its plans, and the transactions described in this press release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words and terms in connection with future results. We assume no obligation to update or supplement such forward-looking statements.

    For more information, please contact:
    -------------------------------------
    Kelly Adams, Director Marketing and Communications
    TerreStar Networks
    Phone: +1 703-483-7966
    Email: [email protected]

    Chris Fallon
    Ruder Finn for TerreStar
    Phone: +1 212-715-1691
    Email: [email protected]

SOURCE TerreStar Networks Inc.

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