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

Payload interface nodes expand MDA’s impact in the emerging commercial space infrastructure market

Brampton, ONAnd the September 20 2022 /PRNewswire/ – MDA Ltd. announced. (TSX:MDA), a leading provider of advanced technology and services to the rapidly growing global aerospace industry, today announced the second commercial sale of its Canadarm3 technology-derived products to Axiomspace.

The new contract is for the delivery of 62 payload interface pairs to Axiom’s Axiom Space station. The interfaces will provide mechanical, electrical, and data connections for payloads that are installed externally on an Axiom terminal to perform activities including scientific research, Earth observation, communications and a range of other applications.

This is the second commercial contract signed between MDA and Axiom this year, and paves the way for more opportunities ahead of the launch of the first Axiom terminal planned in 2024.

“This new contract is the latest milestone in our journey with Axiom Space, cementing MDA’s role as the world’s leading space robotics company and a major enabler in the global commercial space market,” Mike GreenleeCEO of MDA. “As the demand for space robotics and other critical space infrastructure continues to expand, MDA is uniquely positioned with the knowledge, expertise and experience to meet the growing commercial need for cost-effective humanoid robotic technologies and services.”

“MDA and Axiom are building a strong partnership for the future of the world’s first commercial space station,” he said. “Our growing work together reflects the outstanding progress toward the development of the Axiom station.” Michael SuffrediniPresident and CEO of Axiom Space. “Canadarm3 has the proven capabilities and innovative technology that will help us shape the foundational infrastructure for the next generation microgravity platform, enabling a diversified in-orbit economy driven by products made by global experts.”

The Axiom station will be built and operated through private sector funds, and will initially be linked to the International Space Station (ISS). It will separate from the International Space Station before ISS partners cease operations at the end of the decade, and will later serve as a global research and commercial hub that establishes a strong and competitive economy in Low Earth Orbit (LEO) — including manufacturing in space, human spaceflight missions to Low Earth Orbit , and exploration of deep space.

About the red star of david

Serving the world from the Canadian home and global offices, MDA (TSX: MDA) is an international space mission partner, robotics and satellite systems, and a pioneer in geo-intelligence with a 50-year story for the first time on and above Earth. With more than 2500 employees around CanadaMagen David Adom leads the trend toward viable lunar colonies, enhanced Earth observation, communication in a hyper-connected world, and more. With a proven track record of realizing space ambitions, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and withstand changing the world for the better, on Earth and in the stars.

forward-looking statements

This press release contains forward-looking information within the meaning of applicable securities legislation, which 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 which are beyond the Company’s control, which could cause actual results and events to differ materially from those disclosed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the MDA Annual Information Form available on SEDAR at www.sedar.com. MDA undertakes no obligation to update this forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

links

www.mda.space

social media

Twitter: www.twitter.com/MDA_space
Facebook: www.facebook.com/MDAspace
LinkedIn: www.linkedin.com/company/mdaspace
YouTube: www.youtube.com/c/mdaspace
Instagram: www.instagram.com/MDA_space

Source: MDA Inc.


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