MDA announces the second commercial sale of space robotics technology to Axiom Space - Parabolic Arc

MDA announces the second commercial sale of space robotics technology to Axiom Space – Parabolic Arc

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

Brampton, Ontario, September 20, 2022 (MDA PR) – Today MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly growing global aerospace industry, announced the second commercial sale of its Canadarm3 technology-derived products to Axiom Space.

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 key enabler in the global commercial space market,” said Mike Greenley, CEO 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 technology and services.”

MDA and Axiom are building a strong partnership for the future of the world’s first commercial space station. “Our growing work together reflects the outstanding progress towards the development of the Axiom station,” said Michael Suffredini, President 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 is built and operated through private sector funds, and the Axiom station 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 2,500 employees across Canada, the United States, and the United Kingdom, MDA is leading the way toward viable lunar colonies, enhancing Earth observation, communicating 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.


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