EchoStar, with Hughes Network Systems, Named Global Satellite Business of the Year by Euroconsult

Company recognized for strategic initiatives, revenue and margin growth and commercial development

News provided by

Sep 24, 2018, 09:19 ET

GERMANTOWN, Md., Sept. 24, 2018 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS), parent company of Hughes Network Systems, LLC (HUGHES), was named "Global Satellite Business of the Year" at Euroconsult's 15^th Awards for Excellence in Satellite Communications. Pradman Kaul, president of Hughes, accepted the award during the ceremony held in Paris during this year's World Summit for Satellite Financing.

"All of us at EchoStar and Hughes are honored to be named 'Global Satellite Business of the Year,'" said Kaul on behalf of the companies. "This recognition reflects both our heritage in the industry and our ongoing commitment to powering a connected future around the world."

Euroconsult, the leading global consulting firm specializing in space markets, hosts the World Satellite Business Week summit in Paris annually, bringing together executives from across the sector. The Awards for Excellence in Satellite Communications are based on a performance analysis of market players and assessed by senior experts from the Euroconsult team. The "Global Satellite Business of the Year" award recognizes the operator that achieved the best performance in terms of strategic initiatives as well as revenue growth, margins and commercial development during the past year.

About Hughes Network Systems

Hughes Network Systems, LLC (HUGHES) is the global leader in broadband satellite technology and services for home and office. Its flagship high-speed satellite Internet service is HughesNet®, the world's largest satellite network with over 1.2 million residential and business customers across North and South America. For large enterprises and governments, the company's HughesON® managed network services provide complete connectivity solutions employing an optimized mix of satellite and terrestrial technologies. The JUPITER™ System is the world's most widely deployed High-Throughput Satellite (HTS) platform, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 7 million terminals of all types to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.

Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes operates sales and support offices worldwide and is a wholly owned subsidiary of EchoStar Corporation (NASDAQ: SATS), a premier global provider of satellite operations. For additional information about Hughes, please visit www.hughes.com and follow @HughesConnects on Twitter.

About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit www.echostar.com. Follow @EchoStar on Twitter.

SOURCE EchoStar Corporation