2004

SAR-Lupe, the future satellite system for radar image reconnaissance, is currently being developed for the German Federal Armed Forces by Bremen-based space technology company OHB-System AG.

Bremen-based space technology company OHB-System AG has received an order from the European Space Agency ESA for extension work on the EPM research laboratory, which is to be used to conduct medical examinations on board the International Space Station ISS.

To mark its 15th anniversary, the U.S. magazine Space News devoted a special edition to 100 personalities who have made a major contribution to space flight during the last decade. Prof. M. Fuchs, CEO of OHB System AG, was the only German national to be included in the section “Corporate Chieftains“.

OHB Technology AG of Bremen, Germany announced today that it has joined as key core partner the iNavSat consortium initially formed by Inmarsat Ventures Ltd, EADS Space and the Thales Group.

In the first half of 2004, OHB Technology AG (ISIN: DE0005936124) continued its successful course, with margins in particular substantially improved. In spite of a small decline in total revenues, OHB posted EBITDA of EUR 4.9 million between January and June 2004, up from EUR 3.5 million in the year-ago period.

SAR-Lupe is the future satellite system which the German Federal Armed Forces will be using for radar-based reconnaissance operations. The first of a total of five satellites is currently being built by Bremen-based space technology company OHB-System AG, the principal contractor for the project.

In Bremen today, the European Space Agency ESA commissioned a further six Automatic Transfer Vehicles (ATVs), which will be used to supply the International Space Station ISS and correct its orbit.

The Bremen based aerospace company OHB-System AG has just completed a further key component for the International Space Station ISS. Commissioned by the European Space Agency ESA, OHB has developed and built the European Transport Carrier ETC.

The Bremen-based space technology company OHB-System AG, and Elbit Systems Ltd. (Nasdaq: ESLT) Haifa, Israel, an international defense company, through its subsidiary Elop Electro-Optics Industries Ltd., today announced plans to set up a joint venture for common development and marketing of electro-optical systems and infrared payloads, suitable for deployment in space and for UAVs (Unmanned Airborne Vehicles).

Bremen-based space technology company OHB-System AG has today lodged a bid for the establishment and operation of a new satellite communications network for the German federal armed forces as part of a T-Systems team with Thales as a further partner.

In 926 days’ time, the European COLUMBUS research module is to be taken to the International Space Station ISS. Among other things, it will comprise a research laboratory for on-board medical examinations developed and built by Bremen-based space-technology company OHB-System AG for the European Space Agency ESA.

Management Board of OHB Technology AG (ISIN: DE0005936124) presented the audited consolidated financial statements 2003 on their annual accounts press conference in Frankfurt / Main today. OHB Group sales in 2003 made a huge jump by around 42 % to EUR 96.3 mill (previous year EUR 68.0 mill).

In a total of nine experiments with speeds of up to 40 meters per second, the roll behavior of Phoenix, the 1:7 model of a possible future European space transporter, has been tested in Lemwerder, Germany, over the past few days. EADS Space Transportation, Bremen, is the prime contractor responsible for developing, constructing and testing Phoenix.

ORBCOMM LLC, Dulles, USA, a provider of global satellite communications services for industrial, military and commercial customers, has gained a new shareholder structure in connection with an equity issue.

In December 2003, OHB Technology lodged a bid for the role of concession-holder for the operation of the GALILEO satellite constellation. The Company's proposal provided for a phase-based approach allowing the satellite navigation system to be established without any major initial capital spending by industry or the public sector in tandem with a reduction in market and technological risks.

The capabilities of the first parabola antenna for the SAR-Lupe satellite reconnaissance system have been successfully demonstrated. In fact, Saab Ericsson, Göteborg, which developed and constructed the more than 3 m high parabola antennas on behalf of Bremen-based space technology company OHB-System AG, managed to exceed the target parameters.