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Maritime Launch Services Inc
Symbol MAXQ
Shares Issued 410,484,741
Close 2023-07-06 C$ 0.19
Market Cap C$ 77,992,101
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Maritime Launch completes inaugural launch at Spaceport

2023-07-07 09:15 ET - News Release

Mr. Robert Feierbach reports

VISIONCOSMOS SAUDI ARABIA, MARITIME LAUNCH SERVICES, PRECIOUS PAYLOAD, AND AL NAJMX JOIN FORCES FOR GROUNDBREAKING INTERNATIONAL SPACE MISSION ABOARD ARBALEST ROCKETRY'S SUBORBITAL VEHICLE, MARKING FIRST LAUNCH FROM CANADA'S SPACEPORT NOVA SCOTIA

Maritime Launch Services Inc. has completed the inaugural launch from Spaceport Nova Scotia, featuring VisionCosmos Saudi Arabia's VCL-1 ChipSat. This pioneering launch was secured by Precious Payload's Launch.ctrl marketplace.

This international collaboration saw Maritime Launch Services leading the project, Al NajmX, Precious Payload's Saudi partner, ensuring seamless mission management and Arbalest Rocketry, a rocketry team from York University in Canada, delivering the Goose 3 rocket for the suborbital launch.

"Maritime Launch is developing Spaceport Nova Scotia, Canada's first commercial spaceport," says Robert Feierbach, Maritime Launch USA's president. "Maritime Launch was proud to offer this opportunity for international co-operation with Spaceport Nova Scotia's first suborbital test launch in Canada. Having a small payload from Saudi Arabia included on yesterday's mission demonstrates that we are open for business to the global space community."

Al NajmX co-ordinated all mission aspects, from initial planning to successful launch, cementing its reputation as an entity that enables entrepreneurs in Saudi Arabia to streamline space missions effectively. The company contributed significantly to making Saudi Arabia a fast-growing space-faring nation, aligned with the country's Vision 2030 goals.

The compact and light VCL-1 ChipSat, equipped with seven onboard sensors, was launched on Arbalest Rocketry's Goose 3 rocket on July 6. The rocket successfully reached suborbital altitudes, marking a significant milestone for the team and its mission to build rockets for suborbital flights.

The outcomes of this launch will provide valuable insights into space sciences and related engineering, helping the VisionCosmos SA team in its quest to develop more advanced payloads. Looking ahead, it has ambitious plans to launch more payloads soon, with further miniaturized technologies.

"Our endeavour was greatly impacted by the Saudi Space Agency's ongoing efforts to advance space sciences in the kingdom," says Sayed Belal Mudassar, founder of VisionCosmos Saudi Arabia. "It is our belief that the youth of the kingdom have a prosperous future in the field."

This successful partnership between VisionCosmos SA and Maritime Launch Services, aided by the expert guidance from Al NajmX and the efficient booking system of Precious Payload's satellite launch marketplace, marks a significant achievement in international collaboration in developing space missions in the Kingdom of Saudi Arabia.

About Maritime Launch Services Inc.

Maritime Launch Services Maritime Launch 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. 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.

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