Mr. Stephen Matier reports

SOVEREIGN SPACE ACCESS FOR GERMANY AND CANADA: ISAR AEROSPACE AND MARITIME LAUNCH SERVICES SIGN CONTRACT TO ADVANCE ORBITAL LAUNCH CAPABILITY FROM SPACEPORT NOVA SCOTIA

Space company Isar Aerospace and spaceport operator Maritime Launch Services Ltd. have signed a contract under which Isar Aerospace will develop a dedicated launch complex for its spectrum launch vehicle at Spaceport Nova Scotia near Canso, Canada. The agreement marks a decisive step toward advancing Canada's sovereign access to space and extending Isar Aerospace's end-to-end launch capability globally. Spaceport Nova Scotia is being developed as Canada's dual-use orbital spaceport, providing launch infrastructure for commercial, civil, and defence missions and clients. The agreement builds on the letter of intent signed by both parties in May, 2026.

Isar Aerospace offers fully integrated space access, covering the entire value chain -- from designing and operating launch pad infrastructure to engineering and launching its in-house-developed spectrum vehicle. Maritime Launch Services will provide the licensed launch site, including the launch pad, assembly, integration and testing (AIT) facilities, a launch operations centre, and a facility for payload integration. Buildout is planned to begin in 2026, with first orbital launches targeted for 2028. The launch site will be designed to support frequent launches, with the potential for Spaceport Nova Scotia to offer additional capacity for future expansion. To anchor its North American presence, Isar Aerospace has established a dedicated Canadian entity, Isar Aerospace Canada Inc.

"We are excited to partner with Maritime Launch Services and launch spectrum from Spaceport Nova Scotia. Together, we have moved from intention to execution at the pace global demand for space access requires," said Alexandre Dalloneau, vice-president, mission and launch operations, Isar Aerospace. "While every nation needs data from space, almost no nation has the end-to-end capability to access it independently. This makes launch capacity one of the most consequential bottlenecks in defence and intelligence today, and we are here to close it. Canada is the next step in our road map to bring full end-to-end launch capability to sovereign nations -- and we are proud to be doing it here in, and together with, Canada."

Spaceport Nova Scotia's geographic position makes it one of the most strategically valuable launch sites in the Western Hemisphere, providing safe over-ocean launch trajectories and access to mid- to high-inclination and polar orbits that support Earth observation, communications, and defence missions for government and commercial operators alike. Launch operations by Isar Aerospace are expected to begin ramping up in 2028, with the potential to support up to 40 launches annually by 2029.

The facilities usage agreement has a 10-year term with the right for Isar Aerospace to renew for two additional five-year terms. Maritime Launch Services will receive quarterly payments of $3.75-million (U.S.) for the term of the agreement, other than a 30-month fee waiver period beginning at the end of the first year of the term, during which Maritime Launch Services will receive no quarterly payments. The period following the 30-month fee waiver period reflects the operational phase of the dedicated launch complex at Spaceport Nova Scotia. The agreement provides for additional fees per launch on a cost-plus basis payable to Maritime Launch Services for certain services.

"This agreement represents another important milestone in building Canada's sovereign launch capability," said Stephen Matier, president and chief executive officer of Maritime Launch Services. "By combining Isar Aerospace's launch vehicle, spectrum, with Spaceport Nova Scotia's licensed infrastructure, we are creating the conditions for reliable orbital launch services from Canada. As a multiuser spaceport, our role is to provide the infrastructure, regulatory framework and operational support that enable launch providers to serve commercial, civil and defence customers from Canadian soil."

Spaceport Nova Scotia is Canada's first licensed commercial orbital launch site and is designed as a multiuser spaceport supporting multiple launch providers and customers. Located on Nova Scotia's Atlantic coast, the site offers strategic access to key orbital inclinations while strengthening Canada's sovereign space capabilities and supporting allied access to space.

The agreement was signed earlier today in Ankara, Turkey, by Daniel Metzler, chief executive officer of Isar Aerospace, and Stephen Matier, president and chief executive officer of Maritime Launch Services, during the NATO Summit Defence Industry Forum (NSDIF), bringing together government and industry leaders from across the Alliance to strengthen defence industrial co-operation.

The facilities usage agreement remains conditional upon the parties reaching mutual agreement by Sept. 1, 2026, on a statement of work and certain programmatic milestones, handover of the designated launch pad to Isar Aerospace by Nov. 1, 2026, and completion of additional infrastructure at the Spaceport by Dec. 31, 2027.

Expanding a strategic road map

The Spaceport Nova Scotia agreement is the latest step in Isar Aerospace's deliberate expansion of sovereign launch infrastructure across Europe and allied nations. Having established its first launch site at Andoya, Norway, the company is now providing integrated launch capability from ground infrastructure to launch for North America.

This agreement represents another step in the execution of Maritime Launch Services' long-term strategy to build and operate Canada's first multiuser orbital spaceport. Rather than developing infrastructure for a single launch provider, the company is creating a shared launch ecosystem where government and commercial customers can access licensed launch infrastructure and operational services. As additional customers are added, the model is designed to increase infrastructure utilization, diversify revenue streams and strengthen the long-term value of Spaceport Nova Scotia.

The strategic imperative is clear: NATO and allied governments are moving away from dependence on single-point or third party launch providers and toward assured, sovereign access to orbit. Spaceport Nova Scotia is helping translate that strategic priority into operational launch capability for Canada and its allies.

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 dual-use commercial spaceport designed to support both civil and defence-related space missions. The spaceport will provide satellite launch services to domestic and international clients across the global commercial space market, supporting a wide range of orbital inclinations from a single location.

Spaceport Nova Scotia is Canada's first commercial orbital launch complex, enabling launch vehicles to place satellites into low Earth orbit.

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