Perry Farrell's new band, the Satellite Party, will unveil its first single, "Kinky" around Valentine's Day, the artist tells Billboard.com. The group's debut album, "The Ultra Payloaded Satellite Par

Perry Farrell's new band, the Satellite Party, will unveil its first single, "Kinky" around Valentine's Day, the artist tells Billboard.com. The group's Steve Lillywhite-produced debut album, "The Ultra Payloaded Satellite Party," will arrive in March via Columbia.

Farrell says "Kinky," which was written by electronica act Hybrid and features New Order's Peter Hook on bass, was recorded at the last minute, after the rest of the songs had already been finished.

"Everybody insisted that before we call it an album, we try to cut this song," he says. "So, with their insistence, we did that, and guess what, it's our lead track. This one is just a rager. It's got all those elements I've been working on -- fusing rock with strong electronic programming, great virtuosity from the instruments, and lots of vocals -- it has it all."

Other artists featured on the album include Fergie, who sings on "Dogstar" and the title cut, Red Hot Chili Peppers principals Flea and John Frusciante and composer Harry Gregson-Williams, who led a 30-piece orchestra on five songs. Songs due for inclusion are "Milky Avenue," "Hard Life," "Insanity Rains" and "The Revolution Solution," a revamped version of a song Farrell previously recorded with Thievery Corporation.

"There's a story attached to the music," he continues. "This group of people, who call themselves the Solutionists, try to create a myth. It's the idea of, by putting together their own parties and their own media hub on the Internet, they begin to redesign and come up with solutions for the world."

Farrell considers Satellite Party "more of a project than it is a band," but he says the act will tour, and that he hasn't ruled out performing Jane's Addiction songs in a live setting. "We'll go all day, and all of the night," he enthuses, paraphrasing the Kinks song. "It's a party! That's what it's going to feel like when you're there."

The band's only live commitment for now is an appearance in January as part of the Winter X-Games in Aspen, Colo. Farrell is also at work on the 2007 edition of Lollapalooza, which will return to Chicago's Grant Park on Aug. 3-5.

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