Mr. Daniel Zanatta reports

MAGELLAN DELIVERS CANADIAN SATELLITE POWER CONTROL UNIT FOR UPCOMING SPACE MISSION

Magellan Aerospace Corp. has delivered the first of three power control units (PCUs) for a coming space mission. In 2016, Magellan was selected by the Laboratory for Atmospheric and Space Physics (LASP) at the University of Colorado Boulder to provide satellite technology for a future deep space interplanetary mission. Under the contract, Magellan's Winnipeg facility will deliver three PCUs and subsystems for three jointly developed control and data handling (C&DH) units. The end-user customer and program cannot be identified for contractual reasons.

Magellan will provide its flight-proven PCUs and C&DH subsystems that utilize expertise developed by Magellan for past and current Canadian Space Agency missions. The C&DH unit provides spacecraft control processing, command decoding and processing, telemetry encoding, and data handling and mass storage. The PCU provides power distribution and control, is scalable, and can be configured as either single-string or dual-string redundancy.

Daniel Zanatta, Magellan's vice-president, business development, marketing and contracts, said, "The selection of Magellan's technology for an international space mission is an excellent innovation and export success story for Canada."

About Magellan Aerospace Corp.

Magellan Aerospace is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers and defence and space agencies around the world. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services around the world.

We seek Safe Harbor.