17:01:20 EDT Wed 10 Jun 2026
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Planet Ventures Inc (3)
Symbol PXI
Shares Issued 152,063,336
Close 2026-06-09 C$ 0.28
Market Cap C$ 42,577,734
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Planet Ventures talks work by portfolio firm Antaris

2026-06-10 15:29 ET - News Release

Mr. Etienne Moshevich reports

PLANET VENTURES HIGHLIGHTS SIGNIFICANT STRATEGIC MILESTONE ACHIEVED BY PORTFOLIO COMPANY ANTARIS AND RENEWS INVESTOR AWARENESS AGREEMENT WITH INVESTOR INSIGHTS SYSTEMS INC.

Planet Ventures Inc. has highlighted a significant milestone achieved by its portfolio company, Antaris, following Antaris's announcement on May 6, 2026, regarding the signing of a memorandum of agreement (MoA) with Transcelestial to jointly develop and demonstrate a persistent intelligence, surveillance and reconnaissance (ISR) architecture integrated with high-throughput optical communications in low Earth orbit (LEO).

According to Antaris, the collaboration will be flight validated on its coming Janus-2 mission, targeted for the fourth quarter of 2026. The initiative is intended to demonstrate a next-generation space infrastructure platform that combines advanced sensing capabilities with secure, high-speed optical communications, addressing growing demand from both commercial and defence markets. Antaris stated that the mission will validate technologies designed to accelerate data transmission, reduce latency and enhance real-time decision making in space-based operations.

The agreement represents another important step in Antaris's evolution as a leading provider of software-defined space infrastructure solutions. Antaris's platform enables the design, simulation, manufacturing and operation of satellite constellations through a cloud-based architecture intended to simplify mission deployment while reducing cost and time to orbit.

"Antaris continues to execute on its vision of becoming a foundational software and mission management platform for the rapidly expanding space economy," said Etienne Moshevich, chief executive officer of Planet Ventures. "The company's ability to attract strategic partners and participate in cutting-edge initiatives involving optical communications, artificial intelligence and space-based ISR capabilities demonstrates the strength of its technology platform and the growing market opportunity ahead. We believe this announcement further validates our investment thesis and highlights the substantial value creation potential within Planet's portfolio."

The global space economy is expected to experience significant growth over the coming decade, driven by increasing demand for satellite communications, Earth observation, defence applications and AI-enabled (artificial intelligence) space infrastructure. The integration of high-bandwidth optical communications with persistent sensing capabilities is increasingly viewed as a key enabling technology for future satellite networks and real-time space operations.

Planet Ventures remains an equity shareholder of Antaris and continues to monitor the company's progress as it advances toward the Janus-2 mission and additional commercial opportunities. For more information on the company's investment in Antaris, please refer to its news release on April 2, 2026.

About Antaris

Antaris simplifies the design, simulation, and operation of space missions and satellites -- bringing the best of terrestrial cloud computing to the space domain. Customers choose Antaris because they gain mission flexibility and have greater control over their supply web, resulting in faster time to orbit and lower overall lifetime operating costs. With investors including WestWave Capital, Lockheed Martin Ventures, Streamlined, Acequia, HCVC, E2MC and Possible Ventures, Antaris is revolutionizing AI for space.

Marketing agreement amendment

Planet also wishes to announce that it has amended its engagement of Investor Insights Systems Inc. (IIS) on a non-exclusive basis to increase IIS's budget to provide marketing and investor awareness services to the company.

Pursuant to the amendment agreement, IIS will continue to provide comprehensive digital marketing, advertising, investor communications and capital markets awareness services designed to increase investor awareness of the company. The amended engagement will commence on or about June 11, 2026, and continue for an initial term of 60 days or until budget exhaustion.

In consideration for the increased services to be provided by IIS, the company has agreed to pay IIS an additional cash fee of $350,000 plus (U.S.) applicable taxes.

The company previously engaged IIS and was satisfied with the services provided. Management believes that continued investor awareness initiatives will assist the company in communicating its business developments to a broader investor audience. For more information on the company's initial engagement of IIS, please refer to its news release of April 17, 2026.

Investor Insights Systems is located at 179 Shaw St., Toronto, Ont., Canada. The marketing activities will be overseen by Mac Foster, who can be reached by telephone at 647-302-3382 or by e-mail at mac@investorinsightssystems.com.

To the knowledge of the company, IIS (including its directors and officers) does not own any securities of the company and is at arm's length to the company. Apart from the compensation described above, the company will not issue any securities to IIS as compensation for its amended services.

About Planet Ventures Inc.

Planet Ventures is an investment issuer that actively invests in disruptive companies across high-growth industries. Planet aims to build long-term shareholder value through strategic investments in innovative businesses.

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