Maritime Launch Services and Isar Aerospace Finalize Statement of Work, Advance to Execution

HALIFAX, NS, Sept. 14, 2026 /PRNewswire/ -- Maritime Launch Services Inc. (CBOE: MAXQ) (OTCQB: MAXQF) and Isar Aerospace have finalized the statement of work and programmatic milestones required under their previously announced facilities usage agreement for Spaceport Nova Scotia.

"Finalizing the statement of work and programmatic milestones moves us directly into execution," said Stephen Matier, President and CEO of Maritime Launch Services. "With the next phase of construction underway on site, our teams are focused on advancing the infrastructure and operational readiness required to bring Spectrum launches to Nova Scotia."

The completion of this work satisfies a key condition of the agreement and advances plans for the development of Isar Aerospace's dedicated launch complex for its Spectrum launch vehicle at Spaceport Nova Scotia. The milestone follows Isar Aerospace's successful launch of its second Spectrum qualification flight, Mission 'Onward and Upward', and builds on the progress of both companies as they work toward first orbital launches from Nova Scotia targeted for 2028. The finalized statement of work and programmatic milestones do not change the key terms of the facilities usage agreement announced on July 7, 2026.

"Access to space is critical infrastructure for any sovereign nation. With the successful launch of Mission 'Onward and Upward', we demonstrated our ability to deliver payloads to orbit. Together with Maritime Launch Services, we are now bringing that capability to Canada. Finalizing this work gives our teams the framework to move directly into execution of launch operations," said Alexandre Dalloneau, Vice President Mission and Launch Operations at Isar Aerospace.

With Mission 'Onward and Upward' successfully delivering all payloads to orbit, Isar Aerospace is now focused on scaling its launch services. By expanding production capabilities, launch infrastructure, and operational presence across multiple regions, the company is preparing to serve a growing global customer base with greater launch frequency and flexibility.

About Maritime Launch Services

Maritime Launch Services Inc. (CBOE: MAXQ, OTCQB: MAXQF) 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 small and medium launch vehicles to place satellites into low Earth orbit.

For more information, visit: www.maritimelaunch.com

About Isar Aerospace

The European space company Isar Aerospace offers launch services for transporting small and medium-sized satellites and satellite constellations into Earth orbit. The launch vehicles used to transport these satellites are developed, manufactured, and tested almost entirely in-house. Headquartered near Munich, Germany, Isar Aerospace was founded in 2018 and has grown to over 400 employees, working across 5 international locations. Private funding from international investors provides strong backing for the company's pioneering approach to scale and industrialize launch vehicle production through vertical integration. More information: www.isaraerospace.com

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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. The forward-looking statements included in this press release include (without limitation) statements regarding the continuing of the term of the facilities usage agreement, continuing negotiations of the parties to the facilities usage agreement and the timing of completion of such negotiations, and anticipated launch timing.

Readers are 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. Although Maritime Launch has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be factors that cause results not to be as anticipated, estimated or intended. Such forward-looking statements are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. 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. Risks and uncertainties that may cause such differences include but are not limited to: risks related to Maritime Launch's strategy going forward; capital requirements; risks related to interest rates and inflationary pressures on the cost of doing business; geopolitical events and changes, availability of third-party contractors and service providers, and other risks inherent in the industry in which Maritime Launch operates.

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.

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SOURCE Maritime Launch Services Inc.