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Maritime Launch and Reaction Dynamics Driving a Canadian Orbital Launch Solution in the Global Space Economy

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Maritime Launch Services (MAXQ, MAXQF) and Reaction Dynamics (RDX) have signed an agreement for future orbital launches from Canada. The partnership will begin with a pathfinder launch aimed at reaching the Karman Line, the edge of space. This collaboration marks a significant milestone as it will enable the first-ever orbital launch of a Canadian vehicle from Canadian soil in Nova Scotia.

RDX's patented hybrid rocket technology will support these missions. Following the initial launch, both companies will work towards the first commercial missions of the Aurora vehicle. This partnership is set to catalyze growth in Canada's space industry, with Maritime Launch focusing on building world-class facilities at Spaceport Nova Scotia. The agreement positions both companies as key players in the global launch landscape, bringing domestic launch capabilities to Canada.

Maritime Launch Services (MAXQ, MAXQF) e Reaction Dynamics (RDX) hanno firmato un accordo per futuri lanci orbitali dal Canada. La collaborazione inizierà con un lancio pilota volto a raggiungere la Linea di Karman, il confine dello spazio. Questa collaborazione segna una pietra miliare significativa poiché consentirà il primo lancio orbitale di un veicolo canadese dal suolo canadese in Nuova Scozia.

La tecnologia dei razzi ibridi brevettata da RDX supporterà queste missioni. Dopo il lancio iniziale, entrambe le aziende lavoreranno verso le prime missioni commerciali del veicolo Aurora. Questa partnership è destinata a catalizzare la crescita dell'industria spaziale canadese, con Maritime Launch che si concentra sulla costruzione di strutture di classe mondiale presso Spaceport Nova Scotia. L'accordo posiziona entrambe le aziende come attori chiave nel panorama globale dei lanci, portando capacità di lancio nazionali in Canada.

Maritime Launch Services (MAXQ, MAXQF) y Reaction Dynamics (RDX) han firmado un acuerdo para futuros lanzamientos orbitales desde Canadá. La colaboración comenzará con un lanzamiento pionero destinado a alcanzar la Línea de Karman, el borde del espacio. Esta colaboración marca un hito significativo ya que permitirá el primer lanzamiento orbital de un vehículo canadiense desde suelo canadiense en Nueva Escocia.

La tecnología de cohetes híbridos patentada por RDX apoyará estas misiones. Después del lanzamiento inicial, ambas empresas trabajarán hacia las primeras misiones comerciales del vehículo Aurora. Esta asociación está diseñada para catalizar el crecimiento de la industria espacial de Canadá, con Maritime Launch centrado en construir instalaciones de clase mundial en Spaceport Nova Scotia. El acuerdo posiciona a ambas empresas como actores clave en el panorama global de lanzamientos, llevando capacidades de lanzamiento nacionales a Canadá.

해상 발사 서비스(MARQ, MARQF)와 리액션 다이나믹스(RDX)는 캐나다에서의 미래 궤도 발사를 위한 계약을 체결했습니다. 이 파트너십은 파이틀너 런치로 시작하여 카르만 선, 즉 우주의 경계에 도달하는 것을 목표로 할 것입니다. 이 협력은 캐나다 땅에서 캐나다 차량의 최초 궤도 발사를 가능하게 하는 중요한 이정표를 기념합니다.

RDX의 특허 하이브리드 로켓 기술이 이러한 임무를 지원할 것입니다. 초기 발사 후 양사는 오로라 차량의 첫 상업 임무를 위해 협력할 것입니다. 이 파트너십은 캐나다의 우주 산업 성장 촉진을 위한 것으로, 해상 발사 서비스는 노바 스코샤의 우주 발사 소에서 세계적 수준의 시설 구축에 집중하고 있습니다. 이 계약은 양사를 글로벌 발사 세계의 주요 플레이어로 자리매김하게 하여, 캐나다에 국내 발사 능력을 가져오고 있습니다.

Maritime Launch Services (MAXQ, MAXQF) et Reaction Dynamics (RDX) ont signé un accord pour de futurs lancements orbitaux depuis le Canada. Le partenariat commencera par un lancement pionnier visant à atteindre la ligne de Karman, la frontière de l'espace. Cette collaboration marque un jalon significatif puisqu'elle permettra le premier lancement orbital d'un véhicule canadien depuis le sol canadien en Nouvelle-Écosse.

La technologie de fusée hybride brevetée de RDX soutiendra ces missions. Après le lancement initial, les deux entreprises travailleront vers les premières missions commerciales du véhicule Aurora. Ce partenariat est conçu pour catalyser la croissance de l'industrie spatiale canadienne, Maritime Launch se concentrant sur la construction d'installations de classe mondiale au Spaceport Nova Scotia. L'accord positionne les deux entreprises en tant qu'acteurs clés dans le paysage global des lancements, apportant des capacités de lancement nationales au Canada.

Maritime Launch Services (MAXQ, MAXQF) und Reaction Dynamics (RDX) haben eine Vereinbarung für zukünftige orbitalen Starts aus Kanada unterzeichnet. Die Partnerschaft beginnt mit einem Pionierstart, der darauf abzielt, die Karman-Linie, die Grenze zum Weltraum, zu erreichen. Diese Zusammenarbeit markiert einen bedeutenden Meilenstein, da sie den allerersten orbitalen Start eines kanadischen Fahrzeugs von kanadischem Boden in Nova Scotia ermöglichen wird.

Die patentierte Hybrid-Raketentechnologie von RDX wird diese Missionen unterstützen. Nach dem ersten Start werden beide Unternehmen an den ersten kommerziellen Missionen des Aurora-Fahrzeugs arbeiten. Diese Partnerschaft ist darauf ausgelegt, das Wachstum der kanadischen Raumfahrtindustrie zu katalysieren, wobei Maritime Launch sich auf den Bau von erstklassigen Einrichtungen im Spaceport Nova Scotia konzentriert. Die Vereinbarung positioniert beide Unternehmen als entscheidende Akteure im globalen Startumfeld und bringt nationale Startkapazitäten nach Kanada.

Positive
  • Partnership aims to achieve first-ever orbital launch of a Canadian vehicle from Canadian soil
  • Potential for catalyzing growth in Canada's space industry
  • Expansion of Maritime Launch's launch vehicle client base
  • Positioning of both companies as key players in the global launch landscape
Negative
  • None.

HALIFAX, Nova Scotia--(BUSINESS WIRE)-- Today, Maritime Launch Services Ltd. (Maritime Launch) (Cboe CA: MAXQ, OTCQB: MAXQF) and Reaction Dynamics (RDX) are announcing the next steps in their continuing collaboration with the signing of an agreement for future orbital launches from Canada.

This new partnership between the two Canadian space companies will begin with a pathfinder launch designed to reach the edges of space. The low impulse launch will push the limits toward a future orbital launch by reaching the Karman Line, the internationally recognized edge of Space.

Under the terms of the MOU, Maritime Launch and Reaction Dynamics will work towards a Pathfinder mission that will enable a first ever orbital launch of a Canadian vehicle from Canadian soil on the coast of Nova Scotia. These missions will be supported by RDX’s patented, cutting-edge hybrid rocket technology. Building on the success of the first launch, both companies will work toward the first commercial missions of the Aurora vehicle.

“This partnership is more than just a milestone for Maritime Launch and Reaction Dynamics; it’s a monumental leap forward for Canada,” said Stephen Matier, President and CEO of Maritime Launch. “For the first time, Canada will host its own homegrown rocket technology, launched from a Canadian-built commercial spaceport, offering launch vehicle and satellite customers the opportunity to reach space without leaving Canadian soil. This is something that has never been done before in our country, and we are proud to lead this charge.”

Reaction Dynamics is the second launch vehicle company committed to launch from Spaceport Nova Scotia. Maritime Launch completed a first suborbital launch from Spaceport Nova Scotia in July 2023. In addition to this launch with RDX, the company is planning an orbital mission with an international launch vehicle operator, in 2026.

The partnership with RDX is set to catalyze growth in Canada’s space industry. Maritime Launch is focusing on building out its facilities to offer world-class service to launch vehicle clients, ensuring that Spaceport Nova Scotia remains at the forefront of innovation in launch services.

“We are thrilled to build on our recent full duration burns of our proprietary propulsion technology and now focus on reaching space. We are proud to be the first Canadian rocket company to launch from a Canadian commercial spaceport,” said Bachar Elzein, CEO of Reaction Dynamics. “Together with Maritime Launch, we are bringing orbital launch capability to Canada for the very first time, proving that Canadian ingenuity can compete on the global stage.”

This MOU is a crucial step toward solidifying Reaction Dynamics and Maritime Launch as key players in the global launch landscape, with both companies committed to bringing domestic launch capabilities to Canada.

About Maritime Launch Services
Maritime Launch (Cboe CA: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations from a single site. Spaceport Nova Scotia will allow launch vehicles to place their satellites into low-earth orbit. Spaceport Nova Scotia is Canada’s first commercial orbital launch complex.

For more information about Maritime Launch and Spaceport Nova Scotia, visit www.maritimelaunch.com

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.

Maritime Launch Services

Sarah McLean

Vice President, Corporate Affairs

sarah.mclean@maritimelaunch.com

www.maritimelaunch.com

902.402.6947

Source: Maritime Launch Services Ltd.

FAQ

What is the significance of the agreement between Maritime Launch and Reaction Dynamics?

The agreement aims to enable the first-ever orbital launch of a Canadian vehicle from Canadian soil, specifically from Spaceport Nova Scotia, marking a significant milestone for Canada's space industry.

What is the initial goal of the Maritime Launch and Reaction Dynamics partnership?

The initial goal is to conduct a pathfinder launch designed to reach the Karman Line, the internationally recognized edge of space, using RDX's patented hybrid rocket technology.

How does this partnership affect Maritime Launch's stock (MAXQF)?

While the direct impact on the stock is not specified, the partnership positions Maritime Launch as a key player in the global launch landscape and could potentially catalyze growth in Canada's space industry, which may positively influence investor sentiment.

What are the future plans for Maritime Launch and Reaction Dynamics after the pathfinder mission?

Following the pathfinder mission, both companies plan to work towards the first commercial missions of the Aurora vehicle and focus on bringing orbital launch capability to Canada.

MARITIME LAUNCH SVCS INC

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