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Voyager Space Subsidiary, Altius Space Machines, Inc. Announces Patrick Loner as New Chief Executive Officer

Press Release From: Voyager Space Holdings
Posted: Wednesday, September 1, 2021

Voyager Space (Voyager), a global leader in space exploration, today announced its subsidiary, Altius Space Machines, Inc. (Altius), has appointed Patrick Loner as the company's new chief executive officer. Loner will be taking over the role from founder and former CEO Jon Goff, who will be transitioning to his new position as vice president of on-orbit servicing at Voyager Space. 

As CEO, Loner will oversee and manage the development of Altius' technologies and help to continue to build momentum for the organization, while Goff will focus on Voyager's vision for on-orbit servicing and space logistics, including technology development and future M&A activity. Part of this growing momentum for the company includes Altius' most recent announcement that it was selected by Eta Space to provide a cryogenic coupler for liquid oxygen (LOX) transfer in support of its planned nine-month LOXSAT cryogenic fluid management mission. 

"With its compelling suite of core technologies and the backing of Voyager Space, Altius is poised to propel itself to the forefront of the satellite servicing industry," said Loner. "The company has already gained incredible traction this year and I'm excited to lead a very talented team into this next phase of growth for Altius."

Loner brings with him over thirty years of experience in the space and satellite sector, having worked with nearly every major satellite provider including Boeing, Maxar Technologies, Thales Alenia Space, Airbus, Lockheed-Martin and Northrop Grumman. He most recently served as the business development director for SEAKR Engineering where he was responsible for driving the company's efforts to progress from a digital processor provider to a full digital satellite payload provider. Loner previously held positions with PinQuest Golf Systems, Facebook, Space Systems Loral, DIRECTV and Hughes Space and Communications Group. 

"We are very excited to have Patrick take on the role as CEO for Altius," said Matt Kuta, president and COO of Voyager Space. "He has had a remarkable journey in the space industry so far and we look forward to leveraging his expertise to position Altius as the go-to for satellite servicing, space robotics and more."

About Voyager Space

Voyager Space is a global leader in space exploration. Voyager's long-term mission is to create a vertically integrated, publicly traded NewSpace company capable of delivering any space mission humans can conceive. The firm's first-in-industry model is uniquely tailored to support the growth needs of commercial space companies by replacing traditional private capital models with a longer-term approach that provides permanent capital. Voyager is led by founders and space industry veterans Dylan Taylor and Matthew Kuta, along with  the  Board of Directors which  includes National Security Expert and four-star Air Force General William Shelton; leading institutional investor Gabe Finke; world-leading planetary scientist, Dr. Alan Stern; noted public company director and former U.S. undersecretary of technology Dr. Cheryl Shavers; experienced technology executive, board director, and financial leader, Marian Joh; and former undersecretary of defense for acquisition and sustainment, Ellen Lord. To learn more about Voyager Space, please visit: https://voyagerspace.com/

About Altius Space Machines, Inc.

Altius is a space robotics and technology startup with expertise in orbital rendezvous and capture robotics, active debris removal, spacecraft mechanisms, assistive telerobotics, in-space propellant transfer, satellite servicing, and on-orbit assembly and manufacturing. To learn more about Altius Space Machines, Inc., please visit: http://www.altius-space.com/

Cautionary Statement Concerning Forward-Looking Statements

This press release contains "forward-looking statements."  All statements, other than statements of historical fact, including those with respect to Voyager Space Holdings, Inc.'s (the "Company's") mission statement and growth strategy, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve many risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Readers should not place any undue reliance on forward-looking statements since they involve these known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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