International Space Technology Client signs Multi-launch Term Sheet for Missions from Canada, Committing to Launch Orbital Transfer Vehicles (OTVs) from Spaceport Nova Scotia
With a recent multi-mission Agreement signed for launching client OTVs from a manufacturer in the EU, Maritime Launch has secured medium-class launch vehicle capacity on multiple missions on a rideshare and dedicated payload basis from Spaceport Nova Scotia from 2025 onwards.
“This Agreement, if fully realized, is valued at over
Maritime Launch is currently under construction building Canada’s first commercial launch site, Spaceport Nova Scotia, located near the rural communities of
The space industry is currently facing a tight launch market, with only a few places to launch commercial payloads for satellite constellation deployment. Maritime Launch offers the global market competitive launch inclinations from 45 to 98 degrees from a single site, making it one of the most attractive launch locations in
Maritime Launch’s international client is a leader in space logistics and transportation and has a track record of space-proven technologies and successful missions, enabling service providers to streamline satellite launch, across-orbit transportation, on-orbit servicing and refueling, and end of mission disposal.
“Finding clients who want to launch their technology from Spaceport Nova Scotia has not been a challenge for our team, given demand,” added President and CEO, Stephen Matier. “We have seen an acceleration of demand since the start of construction last September. This demand, coupled with Transport Canada’s announcement in January to support commercial launch from
In the coming months, Maritime Launch will share more details of this exciting partnership including details regarding the client’s first launch from Spaceport Nova Scotia.
About Maritime Launch
Maritime Launch Services inc. (NEO: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the timing of spaceport construction and ability to launch medium class vehicles.
Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to continue to develop revenue-generating applications; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance its operations until profitability can be achieved and sustained.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company’s operations; the inability of the Company to provide the enumerated services; and availability of launch vehicles.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005336/en/
Maritime Launch
Sarah
Communications and Corporate Affairs
sarah.mclean@maritimelaunch.com
www.maritimelaunch.com
902.402.6947
Source: Maritime Launch Services Inc.
