MDA Announces Second Commercial Sale of Space Robotics Technology to AXIOM SPACE

TECHNOLOGY
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Payload Interface Agreement Further Expands MDA’s Footprint in Emerging Commercial Space Infrastructure Market

brampton, ontario, September 20, 2022 /PRNewswire/ – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced the second delivery of its products derived from Canadarm3 technology to Axiom Space. announced the commercial sale of

The new contract is to provide 62 payload interface pairs for Axiom Space’s Axiom Station. This interface provides mechanical, electrical, and data connectivity to externally mounted payloads on the Axiom Station to perform activities including scientific research, earth observation, communications, and many other applications. .

This is the second commercial agreement signed between MDA and Axiom this year, setting the stage for further opportunities ahead of the planned launch of the first Axiom Station in 2024.

“This new agreement is the latest milestone in our journey with Axiom Space and further solidifies MDA’s role as the world’s leading space robotics company and a key enabler in the global commercial space market. to.” Mike Greenlee, CEO of MDA. “As the demand for space robotics and other critical space infrastructure continues to grow, MDA has the knowledge, expertise, and experience to meet the growing commercial need for cost-effective, human-rated robotics technology and services. We are uniquely positioned to have

“MDA and Axiom are building a strong partnership for the future of the world’s first commercial space station. Our growing cooperation reflects the impressive progress towards the development of Axiom Station.” Michael Saffredini, President and CEO of Axiom Space. “Canadarm3 has proven capabilities and innovative technology that will help form the underlying infrastructure for the next generation of microgravity platforms, powered by products created by world-class experts. It enables a diverse economy in orbit.”

Built and operated with private sector funding, the Axiom Station will initially be installed on the International Space Station (ISS). It will separate from the ISS before its ISS partners decommission it at the end of the decade, after which it will serve as a global research and commercial hub to establish a robust and competitive economy in Low Earth Orbit (LEO). Human spaceflight missions to LEO, and deep space exploration.

About MDAs

MDA (TSX: MDA) is an international space mission partner servicing the world from its headquarters in Canada and global offices, and a pioneer in robotics, satellite systems and geointelligence, with 50 years of experience on Earth and in We have made our first achievements in the skies. Over 2,500 staff members Canada, the United States, the United Kingdom, and the MDA are leading efforts towards viable lunar colonies, enhanced Earth observation, communications in a hyper-connected world, and more. With a proven track record of realizing space ambitions, MDA is an inspiration for highly skilled people to continually push boundaries, tackle big challenges, and change the world for the better, both on land and in space. and patience so that you can imagine a solution.

Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable securities laws and reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties. Many of them are beyond our control and actual results or events could differ materially from those disclosed or implied herein. Such forward-looking information. Such risks and uncertainties include those factors described under “Risk Factors” in his MDA Annual Information Form available in his SEDAR at www.sedar.com; is not limited to MDA undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Link

www.mda.space

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SOURCE MDA Co., Ltd.

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