Astrocast Signs Contract with GomSpace Sweden to Deliver Propulsion Systems

STOCKHOLM,July 12,2018 --

GomSpace Sweden - a subsidiary of GomSpace Group AB,has received an order from Astrocast to deliver a propulsion system for each of the 10 nanosatellites composing the first orbital plane of the new Astrocast constellation. The value of this order is 450.000 EUR and delivery of the propulsion systems will be in Q4 2018 and Q1 2019.

The Swiss company Astrocast is one of the leading pioneers in deploying nanosatellites to create a global Internet of Things (IoT) network. This will be the first propulsion system operating on a constellation of 3U cubesats. This contract is a follow-on order after delivery of propulsion systems for the two precursor satellites that will be launched this fall. The system will allow Astrocast to ensure a more rapid deployment of each satellite in its intended position as well as collision avoidance maneuvers.

The propulsion system for Astrocast is based on GomSpace Swedens cold gas propulsion technology with flight heritage from both 3U and 6U cubesats. The latest launch of a satellite with this propulsion system was February 2nd this year. In this mission,the GOMX-4B satellite together with its twin,GOMX-4A,have already demonstrated the kind of orbit control that Astrocast is planning.

The Company's business operations are mainly conducted through the wholly-owned Danish subsidiary,GomSpace A/S,with operational office in Aalborg,Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products,i.e. components,platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information,please visit our website on www.gomspace.com.

About Astrocast

Astrocast,in partnership with the European Space Agency,Airbus,and Thuraya,is developing an advanced Nanosatellite network for the Internet of things (IoT). Airbus and Astrocast have developed a low-cost ASIC and module that provides the most power efficient satellite modem for IoT applications. The constellation will consist of 64 CubeSat satellites in Low Earth Orbit(LEO) and will provide low latency global coverage. The first satellites will be launched this fall.

CONTACT:

For more information,please contact:

Niels Buus (CEO)

Tel: +45-40-31-55-57

Email: nbu@gomspace.com

About GomSpace Group AB

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