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GOMspace

GomSpace A/S: The Colombian Air Force initiates its second advanced Nanosatellite mission with GomSpace

18:25 / 30 October 2020 GOMspace Press release

GomSpace has signed a contract with CODALTEC / Colombian Air Force ("FAC") to initiate the FACSAT-2 satellite mission and associated intensive virtual technology transfer program. The contract is worth 6.9 MSEK (770KUSD) and will be delivered over the next 6-8 months.

The FACSAT-2 project comprises design, manufacture, test and operation of an advanced 6U remote sensing spacecraft. The program will build on the successful collaboration established and local capability built during the FACSAT-1 program under which a Colombian 3U satellites was launched in 2018 and is today in continued operation by FAC.

This is the second step to develop a small satellite capability in Colombia with the Colombian Air Force directly involved in all phases of implementing the program. The present contract covers preliminary design activities and continued capacity building to be performed with close collaboration between GomSpace experts and FAC personnel.

"This new contract with the Colombian Air Force shows the value GomSpace is providing to customers seeking to gain technological competence while building their own space capacity. We are very pleased to have the Colombian Air Force as a returning customer." - says Niels Buus, CEO of GomSpace.

Nanosatellite Technology is in continuous development unlocking increasing potential for national states to build operational space-based capabilities at much reduced cost compared to traditional space programs.

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

About GomSpace Group AB
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, info@fnca.se,+46-8-528 00 399 is the Company's Certified Adviser. For more information, please visit our website on www.gomspace.com.

About FAC and the Cali Air Force Base
The Escuela Militar de Aviación "Marco Fidel Suárez", located in the city of Cali, is the main location for the training of the future pilots, officials and support personnel of the Colombian Air Force. Fully engaged in education and capacity building for FAC and for Colombia, it coordinates academic processes as well institutional certifcations.

Miscellaneous
This information is information that GomSpace 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 set out above, 18.25 p.m. CET on October 30, 2020.

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