Following the microsatellite design and development contract signed on May 13, Unseenlabs has, after the six first months of work done, chosen to reconfirm GomSpace as its trusted partner for delivering advanced microsatellite platforms.

The agreement, valued at €5.3 million (SEK 61 million), involves the delivery of state-of-the-art microsatellites, with project completion (after launch) targeted for 2026 spanning approximately 18 months. The contract encompasses the full design and development of the satellite platforms, further solidifying GomSpace's reputation as a leader in the microsatellite market.

"We are thrilled that our dedicated efforts during the development phase have earned the trust of Unseenlabs in our microsatellite platforms," said Carsten Drachmann, CEO of GomSpace. "With enhanced acquisition capabilities, this new platform is designed to meet the growing data demands of end-users, driving customer growth and supporting their strategic objectives. This milestone highlights GomSpace's unwavering commitment to innovation in the microsatellite market and our focus on enabling customer success."

Jonathan Galic, Co-founder, President, and CTO of Unseenlabs, echoed the sentiment, emphasizing the importance of collaboration during the development phases: "Being closely involved in the development process was key to gaining the level of trust we needed, both in GomSpace as our industrial partner and in their microsatellite technology. This new project marks a pivotal chapter in Unseenlabs' growth."

This contract reinforces GomSpace's position as a rising force in the global space market, delivering tailored, high-performance satellite solutions to an expanding customer base. It also reflects the company's dedication to supporting commercial operators in realizing their business objectives through innovative satellite platforms.

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.

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, 8:15 a.m. CET on December 17, 2024.