ESA and GomSpace Sign Contract to Launch Advanced Nanosatellite

ESA and GomSpace Sign Contract to Launch Advanced Nanosatellite

GomSpace and ESA have signed a contract to continue development, launch and
operations of the GOMX-4B spacecraft to be launched before the end of 2017. The
satellite will demonstrate key capabilities required for future nano-satellite
constellations. The contract value is 1.2 M€.

The satellite will be a so called 6U cubesat with dimension of 20x30x10 cm and
weight of approximately 8 kilograms. The satellite will be launched together
with another satellite GOMX-4A and the mission is to demonstrate inter-satellite
linking and station keeping capabilities; key enabling technologies for future
nanosatellite constellations.

GomSpace is the project prime responsible for the satellite platform, the inter
-satellite linking radio communication subsystem and integration of partner
contributions. NanoSpace from Sweden is one of the project partners and they
will provide the cold-gas propulsion system for station keeping.

“The GOMX-4B satellite is the most advanced satellite design we have initiated
to date and we are very happy that ESA will participate in this project that
will demonstrate possibilities of satellites flying in formation, assess the
tandem effect synergy that open the doors to commercial opportunities for using
the platform in future constellations for our customers. We are very happy to
work with ESA and together take the nanosatellite technology to a new level”,
says CEO, Niels Buus, from GomSpace.

The GOMX-4B program was initiated in November 2015 and the Preliminary Design
Phase was approved by ESA in May 2016. The new contract covers detailed design,
manufacture, integration, launch and satellite operations. Launch is scheduled
for the end of 2017 with planned mission operations to be completed within 2018.

“We are very happy to have signed this contract with GomSpace and are certain
that the GOMX-4B mission will significantly advance the state-of-the-art of
nanosatellite capabilities in view of future operational missions following on
from the hightly successful GOMX-3 mission now coming to an end”, says Dr. Roger
Walker, from ESA.

For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu @ gomspace.com

About GS Sweden AB

The Company’s business operations are 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.

This information is information that GS Sweden AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person(s) set out above, at [10th
October] CET on [10:00 AM] 2016.