CansoSpaceMan
7 months ago
Maritime Launch Services Inc
Maritime Launch's Spaceport N.S. receives CITC approval
2023-09-08 12:46 ET - News Release
Mr. Stephen Matier reports
PROVINCE OF NOVA SCOTIA INVESTS IN MARITIME LAUNCH SERVICES DRIVING SPACE SECTOR INNOVATION IN CANADA
Canada's launch capabilities and Nova Scotia's position as a global space sector innovator gain significant momentum as the Province of Nova Scotia approves Maritime Launch Services Inc.'s Spaceport Nova Scotia -- Canada's first commercial spaceport -- as an eligible project for the Nova Scotia capital investment tax credit program (CITC).
Spaceport Nova Scotia, located near Canso, N.S., is currently being developed by Maritime Launch Services.
Stephen Matier, president and chief executive officer, Maritime Launch Services, says Spaceport Nova Scotia's CITC approval will accelerate benefits for the province and Canada. "Companies around the world are racing to get their technology launched into space, and the CITC program will help us expedite our project to serve this global demand," says Mr. Matier. "The government of Nova Scotia understands the time is right, and we must work now to fully leverage this opportunity for Nova Scotia to become a global space sector destination."
"We are proud that Nova Scotia is home to Canada's first commercial spaceport and recognize the critical role Maritime Launch will play in offering a satellite launch facility to the global market," said Tim Houston, Premier of Nova Scotia. "Our government is focused on nurturing innovation to grow our economy and increase local prosperity. Spaceport Nova Scotia is an exciting project that advances our province on both fronts."
Spaceport Nova Scotia's CITC Part A application approval provides a material financial commitment to the province's continuing support for rural economic development and innovation. Specifically, this approval results in an initial qualification of more than $13-million for the project for the current phase of development through the CITC.
The CITC program's threshold was recently increased to 25 per cent for eligible capital equipment projects of up to $400-million with a maximum tax credit of $100-million per project. Maritime Launch intends to apply for the full scope of eligibility.
"The economic impact of a project like Spaceport Nova Scotia is clear, with the construction phase projected to add $143-million to the Nova Scotia economy, along with 750 year-round jobs," said Susan Corkum-Greek, Minister of Economic Development. "Nova Scotia's capital investment tax credit is designed to encourage businesses to invest and grow in our province. That's why we're pleased to see this project utilize the CITC, knowing it will continue to help Spaceport Nova Scotia be a significant driver of rural investment and innovation."
Earlier this spring, a Conference Board of Canada (CBOC) study projected significant and lasting economic benefits of the Spaceport Nova Scotia project.
Once the project fully ramps up operations, the Conference Board of Canada projects it will add around $300-million to Canada's gross domestic product annually, boost revenue to governments by more than $100-million and create close to 1,000 annual full-year jobs across Canada.
About Maritime Launch Services Inc.
Maritime Launch Services is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. Spaceport Nova Scotia will allow small and medium-sized launch vehicles to place their satellites into low-Earth orbit. Spaceport Nova Scotia is Canada's first commercial orbital launch complex.
We seek Safe Harbor.
CansoSpaceMan
11 months ago
Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF), developer of Canada’s first commercial spaceport, Spaceport Nova Scotia, announces the addition of a prominent space industry leader to its team of strategic advisors.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230601005334/en/
Jeffrey Manber (Photo: Business Wire)
Jeffrey Manber (Photo: Business Wire)
Jeffrey Manber, a celebrated author, co-Founder of Nanoracks and now President of International and Space Stations for Voyager Space, joins the Maritime Launch Board of Advisors.
Manber previously served as the CEO of Nanoracks from 2009 until 2021, where he broke barriers for access to space, oversaw the growth of numerous commercial International Space Station programs, including the development of the first and only commercial Airlock on the space station. At Voyager Space, he is leading the development of Starlab, a continuously crewed, free-flying, commercial space station to serve NASA, space agencies, and commercial users around the globe.
The purpose of the Advisory Board is to support and guide Maritime Launch to success throughout construction and operations of Spaceport Nova Scotia, while at the same time, help establish Canada as a leader and a key competitor in the global space economy.
“I am proud to add Jeffrey Manber, a long-time space industry colleague, to our board of strategic advisors” says Stephen Matier, President and CEO, Maritime Launch. “Jeffrey is a pioneer in the global space industry, and he has made significant contributions to the development of commercial services in low-earth orbit (LEO), furthering NASA's goal of developing a commercial economy in space. In addition to his work supporting commercial services in LEO, Jeffrey has been a champion of Spaceport Nova Scotia since day one. It’s an absolute honour to add him to the Maritime Launch team”.
The Advisory Board is chaired by Sarah McLean, Vice President of Communications and Corporate Affairs at Maritime Launch. Membership consists of senior Canadian and international leaders with diverse expertise in key areas and sectors including international space and technology development; space law; construction management, federal and provincial public service and private sector experience; Indigenous law, perspective, and leadership.
Recently, on May 16th, Jeffrey Manber was named a recipient of NASA's 2023 Distinguished Public Service Medal, which is awarded to individuals who, by distinguished service, ability or vision, have personally contributed to NASA's advancement of United States' interests. The award was presented to Manber during a ceremony in the Teague Auditorium at NASA's Johnson Space Center.
Jeffrey Manber is an author of five books and co-developed the first capital market fund dedicated to commercial space on Wall Street, called the Shearson Lehman American Express fund.
CansoSpaceMan
11 months ago
Billion dollar deal just announced. Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF) announces today that its launch manifest on its medium class launch vehicles has been committed through the end of 2027.
With a recent multi-mission Agreement signed for launching client OTVs from a manufacturer in the EU, Maritime Launch has secured medium-class launch vehicle capacity on multiple missions on a rideshare and dedicated payload basis from Spaceport Nova Scotia from 2025 onwards.
“This Agreement, if fully realized, is valued at over $1B in revenue and commits a large portion of our near-term medium-class launch manifest at Spaceport Nova Scotia, proving the strong demand for launch services in the global space market and the viability of Spaceport Nova Scotia,” says Stephen Matier, President and CEO of Maritime Launch Services. “By offering missions from Nova Scotia, we are able to help address global demand, while offering Canadians great careers and opportunities to participate in our exciting space economy.”
CansoSpaceMan
2 years ago
ALL-CANADIAN SPACE LAUNCH SOLUTION PLANS INAUGURAL FLIGHT FOR 2023
Maritime Launch Services Inc. and Reaction Dynamics have signed a letter of intent to conduct launches from Spaceport Nova Scotia, and expect to begin in 2023. These launches will provide the country sovereign launch capabilities and add Canada to the short list of "Launching States."
This partnership will advance the continuing plan to bring medium class launch capability to Nova Scotia to meet growing satellite constellation market needs. A first suborbital launch from Spaceport Nova Scotia using Reaction Dynamic's small class launch vehicle Aurora and its advanced hybrid technology is planned for the summer of 2023.
Reaction Dynamics is a Quebec-based aerospace company that is developing Canada's first small-and medium-sized launch vehicles using clean technology that will place small satellites into low earth orbit (LEO) at a competitive price.
"We couldn't be more thrilled to partner with Reaction Dynamics for a series of launches starting with a demonstration launch in 2023" said Stephen Matier, President and CEO, Maritime Launch Services. "Reaction Dynamics is the ultimate reflection of Canadian space innovation and their environmental and service delivery goals are completely aligned with Maritime Launch. Reaction Dynamics is developing launch vehicles with a unique, green fuel technology to offer to our satellite clients at a competitive cost. We are striving to build a carbon neutral spaceport that will offer clients a competitive price to launch with access to the widest range of inclinations offered in North America."
Maritime Launch and RDX will select a Canadian payload for the demonstration launch. RDX will provide the vehicle and support equipment to Spaceport Nova Scotia, while Maritime Launch will provide launch services and facility support infrastructure. This first launch will allow Maritime Launch and their federal partners to gain space launch heritage as they prepare for future orbital launch campaigns.
"Maritime Launch is building the most ideal location to launch from in North America, providing Canada with critical orbital launch infrastructures", said Bachar Elzein, CEO and CTO of Reaction Dynamics. "Satellite operators supply critical data that improves the lives of millions and enhances our national security. Together with Maritime Launch, we can unleash the full potential of responsive access to space, and establish Canada as the most sustainable and reliable rocket launch destination in North America."
Maritime Launch and Reaction Dynamics have signed a letter of intent and will negotiate a definitive supply agreement to conduct small-class orbital launches from Spaceport Nova Scotia following the initial suborbital flight.
About Maritime Launch Services
Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The development of this facility will allow prospective launch vehicles to place their satellites into low-earth orbit. This will be the first commercial orbital launch complex in Canada.
CansoSpaceMan
2 years ago
CANADA'S FIRST COMMERCIAL SPACEPORT DEBUTS ON THE NEO EXCHANGE WITH PUBLIC LISTING OF MARITIME LAUNCH SERVICES
Neo Exchange welcomes Maritime Launch Services Inc. as it lists today on the Neo Exchange. Maritime Launch is now available for trading on Neo under the symbol MAXQ.
Maritime Launch is building a spaceport in Nova Scotia, which is positioned to become a world-class commercial launch complex. The first of its kind in Canada, spaceport Nova Scotia will be the only pure play, commercially operated launch site in North America. Led by Stephen Matier, a mechanical engineer, former NASA contractor engineering manager, and entrepreneur, Maritime Launch aims to offer state-of-the-art, low technical risk launch alternatives for placing global client satellites into low Earth orbit, at competitive prices.
"Our Neo listing is a key building block to our to plans to acquire a share of the massive commercial space industry market. Like Neo, we are driven to meeting the needs of our clients with unwavering dedication to delivering exceptional service," commented Stephen Matier, president and chief executive officer of Maritime Launch. "Following the record-setting investment in the space market in 2021, we expect the industry to continue on its growth trajectory over the years to come. As a launch service provider, Maritime Launch aims to serve as a part of the backbone to the entire industry and will be a model for the commercial space sector. Today's listing means Maritime Launch will have greater access to a diverse mix of equity investors and financing partners as we develop spaceport Nova Scotia and attract and retain great talent."
Investors can trade shares of Maritime Launch through their usual investment channels, including discount brokerage platforms and full-service dealers.
"Today's debut of Maritime Launch on Neo marks the beginning of a true partnership between innovators who are ushering in a tech-centric future where even the sky is not the limit," remarked Jos Schmitt, president and CEO of the Neo Exchange. "This is also the first space-related corporate listing on Neo, which has become the definitive venue of choice for groundbreaking companies in the innovation economy. Under the leadership of a seasoned team of industry veterans, the company is uniquely prepared for the challenge of disrupting the global launch market. And by listing on Neo, Maritime Launch stands to benefit from greater exposure to the investor community, enhanced access to capital and liquidity, and the exceptional level of service which sets Neo apart from the rest."
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
