York Space Systems and ICEYE Announce 10 Platform Agreement and Harbinger Mission Payload

Yahoo Finance News Release

DENVER, Aug. 9, 2016 /PRNewswire-iReach/ — Small spacecraft manufacturer York Space Systems announced they will supply global monitoring provider ICEYE with 10 spacecraft platforms supporting the deployment of ICEYE’s global constellation.

In addition, ICEYE’s game changing Synthetic Aperture Radar (SAR) will be the primary payload for the Harbinger Mission currently being developed with a Government customer, and planned for launch in Q3 2017.

“We are thrilled that ICEYE has chosen our platform to support their constellation. I see great value in the data their game-changing payload can provide. I also recognize the vast impacts this could have on climate, agriculture, disaster relief, and space data in general.” said Dirk Wallinger, Chief Executive Officer of York Space Systems.

“The ability to deploy and field a SAR solution of this caliber wasn’t even possible 5 years ago, so we look forward to continuing to work with ICEYE to support our first launch next year and beyond.”

Rafal Modrzewski, Chief Executive Officer of ICEYE said, “York’s design presents the ability to achieve cost points and delivery timelines for spacecraft platforms that are extremely attractive. We’re pleased to work together with them to diversify and improve the development of our SAR micro satellites and ultimately deliver a better offering to our customers. We are excited about the upcoming launch of the Harbinger Mission and we look forward to our continuing work with York in advancing the Iceye constellation”

The Harbinger Mission is currently planned to launch in the third quarter of 2017, demonstrating the rapid deployment capabilities of the S-Class platform with integrated payloads currently being demanded by Commercial and Government customers.

About York Space Systems

York Space Systems is an innovative American aerospace company specializing in small and medium class spacecraft based in Denver, CO. The company is entering the production phase of their S-Class platform, which leverages a proprietary design to reduce the cost of manufacture by an order of magnitude. The S-Class platform is a 3-axis stabilized spacecraft capable of supporting 85kg payloads with up to 100W of Orbit Average Power (OAP), 1,400W peak (Standard), and 3,000W peak (Enhanced). With one week delivery times on inventory, known interfaces, and unmatched cost points, the S-Class is intended to win the make/buy decision with a Model-T approach.

Designed for mass manufacture and intended for constellations, the S-Class supports a wide range of missions including earth observation and communication. It is capable of steady state operation in any orbit inclination and orientation without redesign. The platform form factor can leverage existing ride-share opportunities on ESPA, or can be adapted to any of the numerous dedicated small launch vehicles. It is currently under development to significantly reduce launch segment costs. For more information, visithttp://www.YorkSpaceSystems.com

About ICEYE

Iceye is building a satellite-based information service, providing the world with access to near-real-time imagery from space. The Iceye imaging radar instrument can image through clouds, obscuring weather and darkness, making the system more reliable for operational use than camera-based systems. For more information, visit

http://www.ICEYE.fi

York’s Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.