INNOSPACE Signs Letter of Intent with Maritime Launch to Explore Launch Operations at Spaceport Nova Scotia

Executive Summary

• Maritime Launch Services and South Korean launch provider INNOSPACE have signed a non‑binding LOI to evaluate hosting INNOSPACE’s HANBIT small‑satellite launch system at Spaceport Nova Scotia.
• The LOI establishes a framework for technical, regulatory and commercial feasibility studies, with the agreement remaining in effect through 31 December 2026.
• Both parties view the collaboration as a step toward expanding geographic diversification and strengthening North‑American access to orbital launch services for commercial and government customers.

Key Details

• Parties Involved: Maritime Launch Services Ltd. (Cboe CA: MAXQ / OTCQB: MAXQF) and INNOSPACE (KS:462350).
• Purpose of LOI: Assess feasibility of operating INNOSPACE’s HANBIT launch vehicle from Spaceport Nova Scotia, covering technical integration, regulatory compliance, and commercial viability.
• Scope of Evaluation: Includes site infrastructure compatibility, range coordination, safety oversight, and multi‑pad scalability at the dual‑use spaceport.
• Geographic Expansion: INNOSPACE currently operates launch sites in Brazil, Australia, and Portugal; this LOI would add a North‑American foothold.
• Strategic Rationale (Maritime Launch): Enhances Spaceport Nova Scotia’s positioning as a leading commercial orbital launch site on the Eastern Atlantic rim of North America.
• Strategic Rationale (INNOSPACE): Provides access to the concentrated small‑satellite market in North America and supports potential launches for Canadian government and private‑sector satellites.
• Duration: Effective until 31 December 2026 unless superseded by a definitive agreement.
• Financial Obligations: The LOI is non‑binding and does not create any immediate financial commitments for either party.

Notable Quotes

• “Spaceport Nova Scotia is being developed as a full‑service, dual‑use responsive spaceport… We look forward to working with INNOSPACE to evaluate how our strategic position on the Eastern Atlantic rim of North America can support their launch program…” – Stephen Matier, President and CEO, Maritime Launch Services.
• “Expanding our launch footprint into North America marks an important foundation for INNOSPACE’s next phase of growth… We aim to gradually establish HANBIT’s operational base in North America.” – Soojong Kim, CEO, INNOSPACE.