Press Release

Virgin Orbit to Launch First Welsh Satellite From UK Spaceport Summer 2022

By SpaceRef Editor

March 10, 2022

Filed under Commerce, US, Virgin Orbit

Leading launch company Virgin Orbit (Nasdaq: VORB) and European in-space manufacturing tech start-up Space Forge announce today an agreement to launch the first satellite developed in Wales in summer 2022.

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In a historic moment for UK space, the satellite will be launched as part of a broader joint UK-US mission to open the country’s first domestic space port in summer 2022 out of Spaceport Cornwall in Newquay, Cornwall.

With shared values of democratising space and pioneering responsive and responsible launch technologies, the synergy between Virgin Orbit and Cardiff-based Space Forge’s ethos makes this the ideal marriage for initial launch from the UK. This, coupled with Spaceport Cornwall’s ambitions to become a world leader in responsible launch will offer a real-world example of a global shift in environmental space practice – from sustainable on the ground operations, to horizontal lower impact launch technologies, to in-orbit services minimising the environmental impacts of manufacturing.

Space Forge is on a mission to make space work for humanity – seeking to harness the power of microgravity, offering an on demand service to advance the expansion of the market for premium research and development applications.

Space Forge recently announced that, along with partners, it is developing a world-first service incorporating both launch and return of a new small class of vehicle – the ForgeStar – that can be deployed from conventional launchers to provide rapid, reliable and reusable in-space infrastructure. This inaugural mission will see Space Forge’s ForgeStar-0 platform launched for the first time and will test future return from space technology.

Aiming to unlock the next steps on the path to market expansion, dedicated in-space manufacturing, coupled with proof of reliable return, will allow Space Forge to leverage the benefits of the space environment, namely: microgravity, vacuum, and temperature, to create products impossible to manufacture on Earth.

Their focus is on producing materials and products which offer game-changing levels of performance and efficiency in power hungry infrastructure and systems – reducing the environmental impact of production on earth to unlock new value and innovation. Research suggests that manufacturing certain materials in space could reduce CO2 emissions by 75% – the equivalent to removing all petrol cars from the UK.

“We at Virgin Orbit are delighted to have been chosen to move Space Forge forward in their space journey as we look forward to our inaugural Cornwall launch. Space Forge is joining the growing community of space innovators advancing space technologies for the betterment of our world,” said Virgin Orbit CEO Dan Hart. “Their commitment to sustainability builds a foundation for future growth in the industry that we at Virgin Orbit are proud to be part of.”

Joshua Western, CEO, Space Forge: “We’re thrilled to be making UK history with our first launch. We will demonstrate the use of space for good through in-space manufacturing and reliable return and it’s brilliant that both Virgin Orbit and Spaceport Cornwall share our ambitions. This is the start of a great collaboration and we are so excited to see where it goes.”

Melissa Thorpe, Head of Spaceport Cornwall: “Launch from Cornwall is the chance to set the bar for the global space industry. Leading with companies like Space Forge, who are innovating in the responsible use of space, is key to this next iteration of space exploration.

It’s amazing to see our partners Virgin Orbit select customers who share our ambitions in this area and we can’t wait to show the world how this can be done.”

Dr Paul Bate, CEO of the UK Space Agency: “The UK is set to become the first nation in Europe to offer small satellite launch, as we become one of the most attractive space economies in the world.

“Space Forge is an innovative, fast-growing company and their agreement with Virgin Orbit demonstrates how all regions of the UK are playing a key role in our ambition to create a thriving small satellite launch market. In-space manufacturing harnesses the benefits of the space environment to create materials far superior to those we can produce on Earth, which can be used to speed up electric car charging or improve the lifetime of aircraft engines.

“This is a huge moment for Space Forge to be part of the first satellite launch from the UK and I wish them all the best, along with Spaceport Cornwall and Virgin Orbit.”

About Space Forge

Space Forge Ltd is a UK start-up on a mission to lead the clean industrial revolution by harnessing space. The company is developing fully returnable satellites that are designed for manufacturing next generation super materials in-space. In creating a reliable return, Space Forge will advance the expansion of the microgravity market for premium research and development applications by lowering the barriers to entry. The company is focused on R&D initiatives where dedicated return from the space environment can add a significant benefit, or overcome obstacles found terrestrially, to unlock new value and innovation.

Website: https://www.spaceforge.com/

Instagram: @space_forge

Linkedin: https://www.linkedin.com/company/space-forge-ltd/

Twitter: @space_forge

About Virgin Orbit

Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747- 400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Virgin Orbit assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Virgin Orbit gives no assurance that it will achieve its expectations.

About Spaceport Cornwall

For video and media content: www.spaceportcornwall.com/media

Spaceport Cornwall is the horizontal space launch site at Cornwall Airport Newquay, in South West England. Spaceport Cornwall is a partnership between Cornwall Council, commercial launch operator Virgin Orbit and Goonhilly Earth Station. The consortium will deliver small satellite launch into lower Earth Orbit, for the first time ever from the UK by 2022. The project is funded by the UK Space Agency, Cornwall Council, Cornwall and the Isles of Scilly Local Enterprise Partnership and Virgin Orbit.

Contacts

USA: Alison Patch, Senior Director of Communications

+1 (949) 616-2504

Alison.Patch@Virginorbit.com

Press@virginorbit.com

UK/ Europe: Georgia Jaggs, Head of Campaigns, Halo PR & Communications

+44 7594358041

georgia.jaggs@ha-lo.co

VIRGIN ORBIT

NASDAQ:VORB View stock quote and chart View SEC Filings

Release Summary

Announcement of launch agreement between UK space tech company Space Forge and Virgin Orbit.