ENGLEWOOD, CO, Oct 18, 2010 (MARKETWIRE via COMTEX News Network) -- With profound sadness, EchoStar Corporation (NASDAQ: SATS) announces the passing of Dean Olmstead, president of EchoStar Satellite Services L.L.C., after a courageously fought battle with cancer.
Dean joined EchoStar shortly after the company's spin-off from DISH Network in January 2008, and was instrumental in building the foundation and guiding the strategic course for the company's then-nascent satellite operations.
"Dean will be remembered as a true legend in the satellite industry and will remain an eternal inspiration for our employees," said Mike Dugan, CEO and president of EchoStar Corporation. "Dean was a visionary who helped reshape the entire industry. His accomplishments at EchoStar and through his esteemed career have created the base upon which others will build for years to come."
Before joining the company in 2008, Dean served as an advisor to Loral Space & Communications on strategic and growth opportunities for its satellite service businesses and served on its board of directors. Additionally, he was president of Arrowhead Global Solutions, president and CEO of SES Americom and held leadership positions with DirecTV Japan, NASA and the U.S. State Department.
Dean's numerous accomplishments throughout his career include executing the first foreign acquisition of a U.S. satellite operator, procuring and launching numerous communications satellites, installing the world's first all-digital satellite broadcast center in Japan, helping develop the first broadband system for business jets, and managing development of the first U.S. Ka-band spot beam satellite for NASA, among others. He was inducted into the Space Technology Hall of Fame in 1997, was an Individual Patron of the Arthur C. Clarke Foundation, and has served on several Federal Government advisory committees.
Dean held a B.S. degree in Economics-Mathematics from Western Washington University, an M.S. in Engineering Economic Systems from Stanford University, and completed Ph.D. studies in Economics at The American University.
We send our heartfelt condolences to Dean's wife, Mara, his children and his extended family.
The family has requested that donations for scholarships in remembrance of Dean be sent to the Arthur C. Clarke Foundation or the Society of Satellite Professionals International.
A family service will be held in Washington State and a date will be announced soon for a memorial event in the Washington, D.C., area.
About EchoStar Satellite Services
EchoStar Satellite Services L.L.C. is a subsidiary of EchoStar Corporation (NASDAQ: SATS) and provides a reliable network available for aggregation and distribution of video, audio and data domestically and internationally. EchoStar also offers the ViP-TV platform providing IPTV solutions. EchoStar represents a significant source of Ku-band and Ka-band satellite capacity and spacecraft operation services with access to 10 satellites, ground-based teleport facilities, and 24-hour Satellite Access Centers.
MEDIA CONTACT: Marc Lumpkin EchoStar Corporation Email Contact (303) 706-5236
SOURCE: EchoStar Corporation
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