Page 11 - hisdeSAT annual report 2016

radar satellite into orbit with the Falcon
9 launcher. The launch will take place in
late 2017 from the Space Launching Com-
plex (SLC) 4E at the Vandenberg Air Force
Base in California.

During this financial year, Hisdesat has also
continued to work on the programme in-
corporating the teams of engineers that confirming the robustness and continuity
will operate and manage PAZ, and propo- of our business. An important step was PRE SENTATION
sing system improvements that will ensure the reduction of the customer debt balan-
we can provide the highest levels service ce by approximately € 14.2 million compa-
right from the start of the satellite’s ope- red to 2015, due both to the collection of
rational life. To this aim, we are continuing invoices and to the liquidation of outstan-
our collaboration with INTA (owner of the ding balances with respect to Xtar Llc to
PAZ Control Centre), which is essential for the value of € 10.4 million. 11
achieving the desired levels of efficiency. With a long road ahead but some good
Finally, we should also mention our invol-
vement in the operation and management prospects on the horizon, Hisdesat will
of the Ingenio satellite that will complete continue to concentrate on achieving new
goals in 2017, offering strategic value to
the first generation of the PNOTS, as well our customers and meeting the needs of a
as our participation in the potential future
operations of our national SST capacities. demanding market, in line with the evolu-
tionary focus of the company. In this con-
In relation to the company’s other busi- text, I would like to thank the clients of our
nesses, we should highlight the develop- system for their unwavering commitment,
ments at exactEarth, our AIS satellite ser- starting with the Ministry of State and the
vices company in Canada, which, after an General Staff of Defence, and continuing
injection of capital, began trading on the with the Civil Guard, the Ministry of Fo-
TSX (Toronto Stock Exchange), in addition reign Affairs, the intelligence community
to incorporating a new satellite (M3M- and other state entities.
Sat), thereby adding to the constellation
we have available for the monitoring of I would also like to thank the exceptional
worldwide maritime traffic (S-AIS). team that forms Hisdesat, surpassing
themselves daily with their commitment
As for our figures, the fiscal year ended and talent, as well as the Board of Direc-
with income of € 60.9 million, once again tors for their unconditional support.

MIGUEL ÁNGEL PANDURO PANADERO
CEO