14:22:39 EDT Wed 01 May 2024
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Maritime Launch Services Inc
Symbol MAXQ
Shares Issued 413,984,741
Close 2024-03-20 C$ 0.145
Market Cap C$ 60,027,787
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Maritime Launch to provide payload capacity to Impulso

2024-03-20 11:24 ET - News Release

Mr. Stephen Matier reports

IMPULSO.SPACE USA CORP. AND MARITIME LAUNCH SERVICES SIGN AN AGREEMENT TO PROVIDE INTEGRATED LAUNCH SERVICES FOR SPACEPORT NOVA SCOTIA FROM FLORIDA

Maritime Launch Services Inc. and Impulso.Space USA Corp. have expanded their partnership and signed an agreement for Maritime Launch to provide vehicle payload capacity on multiple rideshare and dedicated launch operator missions for up to five years of launches from Spaceport Nova Scotia, with payload integration services provided from Impulso.Space's brand new logistics and ground operations facility located in Florida.

Maritime Launch is developing Canada's first commercial launch site, Spaceport Nova Scotia, located near the communities of Canso, Hazel Hill and Little Dover in Nova Scotia, with a first orbital launch planned for 2025.

"This important agreement with Impulso.Space, an industry-leading U.S. space services company, demonstrates Spaceport Nova Scotia's competitiveness as a launch facility serving today's global space market," says Stephen Matier, president and chief executive officer of Maritime Launch Services. "This agreement expands on our previous letter of intent to deploy satellites for small- and medium-class launchers using our facility. Together, Maritime Launch and Impulso can offer the high-throughput launch tempo required in today's market and add capacity to the launch industry, as well as supplement the other overtaxed sites in North America from our fully licensed facility."

Impulso.Space was established in 2019 and is based near the Kennedy Space Center facility in Florida. The company provides turnkey services, including satellite spacecraft shipment, insurance, customs clearance, launch mission management, prelaunch activities, and storage and brokerage of launch capacity. It has played a role as an integrator for numerous satellite spacecraft missions for both international and United States domestic launch vehicle operators.

"Spaceport Nova Scotia's location on the east coast of Canada offers highly attractive launch capacity to expand the offer to launch operators in response to the fast growth of the space industry over this decade. This spaceport's coveted LEO [low Earth orbit] launch inclinations from 45 degrees to 98 degrees from a single location are outstanding in North America," said Pietro Guerrieri, chief executive officer of Impulso.Space. "We are looking forward to growing our relationship with Maritime Launch to offer easier and responsive access to space also from this commercial launch facility."

About Maritime Launch Services Inc.

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 the widest range of launch inclinations available anywhere in North America, from a single site. The development of this facility will serve the constellation market clients delivering global broadband, near-Earth imaging and other science-related activities. This will be the first commercial orbital launch complex in Canada.

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