BridgeSat, Inc., a subsidiary of Allied Minds (LSE: ALM) that is developing an optical connectivity system to improve the wireless transfer of data from satellites and high-altitude unmanned vehicles (UAVs), today announced the appointment of David Mitlyng as Senior Vice President of Business Development and Strategy.

During his more than 20-year career in the satellite industry, Mitlyng has served in leadership positions ranging from Chief and Lead Systems Engineer on a wide range of satellite projects for Space Systems and Orbital ATK, to overseeing business development for Orbital ATK and, most recently, SSL. In addition to his degree in Aeronautical Engineering from California Polytechnic State University, Mitlyng also has a Masters of Science degree in Aeronautics and Astronautics from Stanford University, and an MBA from the MIT Sloan School of Management.

“We are excited to welcome David to our growing team at BridgeSat,” said John Serafini, BridgeSat’s co-General Manager, who is also a Vice President at parent company Allied Minds. “David’s background is well-suited to our mission of bringing advanced data transmission capabilities to the broader satellite industry.”

BridgeSat worked with The Aerospace Corporation to develop the optical connectivity system, which aims to improve the speed, efficiency and security of Low Earth Orbit satellite transmissions.

As the cost of building and launching satellites declines, demand for accurate and frequent data collection from LEO satellites is expected to increase over the next decade. BridgeSat’s system aims to solve some of the challenges that traditional radio-frequency transmissions face, such as size, weight, cost and power bottlenecks. The company is working with Aerospace as well as with Draper Laboratory to develop an alternative downlink mechanism that aims to be faster, more secure, and available at a lower cost to traditional radio-frequency transmissions.

For more information on BridgeSat, visit www.bridgesatinc.com. The company is a subsidiary of Boston-based Allied Minds (LSE: ALM).

About BridgeSat Inc.

BridgeSat has designed an optical connectivity system that aims to improve the wireless transfer of data from satellites. The system provides an alternative transmission mechanism that is designed to be faster, more secure and available at a lower cost to traditional radio frequency systems, while meeting the constrained size, weight and power requirements inherent with small satellite operations. More information can be found at www.bridgesatinc.com.

About Allied Minds

Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risks and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Media contact:ArcPoint Strategic CommunicationsChristine Dunn, 617-484-1660, x101cdunn@arcpointstrategy.com

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