GomSpace is excited to announce a new industrial Collaboration Agreement with ST Engineering Satellite Systems, a prominent space and satellites solutions company based in Singapore, to explore and expand business opportunities on the small satellites and micro satellites market. This partnership comes as part of our continued efforts to strengthen our presence in Asia, following our previous success with a major strategic project in Singapore.

Building on the momentum from earlier achievements, GomSpace sees this new collaboration with ST Engineering Satellite Systems as a key step toward enhancing the footprint in one of the world's most promising markets. ST Engineering Satellite Systems' expertise will complement GomSpace's existing capabilities and industrial setup, allowing for a more comprehensive approach to serving customers.

"We are proud to be partnering with ST Engineering Satellite Systems as we look to capitalize on the strong foundation of both companies," said Carsten Drachmann, CEO at GomSpace. "Our previous success in the region has given us valuable insights, and this collaboration with ST Engineering Satellite Systems opens up new possibilities for growth, technological innovation, and customer engagement. On a personal note, Singapore is close to my heart and am very happy once again to work with old friends and colleagues".

Together, the two companies will work to offer innovative solutions for the new space industry.

For more information, please contact:
Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr @ 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 is the Company's Certified Adviser. For more information, please visit our website on www.gomspace.com.

About ST Engineering Satellite Systems
ST Engineering Satellite Systems delivers complete space solutions through system engineering, design, development and manufacturing of space avionics, system integration and testing. Their space solutions also encompass flight, mission control, and payload mission planning software suite, making the company a one-stop space solutions provider. ST Engineering Satellite Systems pioneered the design, development, build, test and operation of Singapore's first commercial earth observation satellite TeLEOS-1.