HERNDON, VA - SSL, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE: MAXR; TSX: MAXR), and a leading provider of innovative satellites and spacecraft systems, announced today that it was selected by Zin Technologies to build and test the Psyche Compute Element. This critical flight system component was designed by NASA's Jet Propulsion Laboratory for Psyche, a NASA Discovery Mission, which will investigate a metal asteroid that is expected to offer insight into how our planet formed. The award builds upon a long standing and trusted relationship with NASA and further demonstrates SSL's successful track record of leveraging advanced capabilities for ground-breaking government missions in space exploration and science.
As the main on-board computer, the Psyche Compute Element acts as the brain of the spacecraft, functioning as the coordinating center for command and data handling activity. As previously announced, SSL is working together with Arizona State University's School of Earth and Space Exploration and NASA's Jet Propulsion Laboratory in the first mission to explore what is believed to be an asteroid made of metal rather than rock or ice. In addition to the Psyche Compute Element, SSL is providing a high power solar electric propulsion spacecraft chassis based on the SSL 1300 satellite platform. Using SSL's standard commercial spacecraft design helps NASA reduce cost and ensure reliability for this mission to the asteroid belt, which lies between Mars and Jupiter.
"SSL is proud to be playing a major role in NASA's Psyche mission, which will deepen humanity's knowledge of our solar system and accelerate innovation for future exploration missions," said Richard White, president of SSL Government Systems. "The spacecraft's design has been proven on more than 100 missions, and leverages our extensive experience in solar electric propulsion which dates back to 2004. With 87 spacecraft currently on orbit today, SSL is a trusted partner for the most ambitious missions being undertaken in the new space economy."
Scheduled to launch in 2022, the Psyche mission was selected over four other NASA Discovery Mission candidates. The spacecraft recently completed a comprehensive NASA mission systems review and is on track to meet its next development milestone, called the Preliminary Design Review. For more information, visit https://www.nasa.gov/psyche and https://psyche.asu.edu/.
SSL, based in Palo Alto, California, is a leading provider of advanced spacecraft systems, with broad expertise to support commercial and government satellite operators and innovative space missions. The company designs and manufactures spacecraft for services such as direct-to-home television, video content distribution, broadband internet, mobile communications, in-orbit servicing, space exploration, and Earth observation. As a Silicon Valley innovator for 60 years, SSL's advanced product line includes state-of-the-art small satellites, and sophisticated robotics and autonomous solutions for remote operations. SSL is a Maxar Technologies company (NYSE: MAXR; TSX: MAXR). For more information, visit www.sslmda.com.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. As a trusted partner, Maxar Technologies provides vertically-integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 30 global locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com.
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This release contains forward-looking statements and information, which reflect the current view of Maxar Technologies Ltd. (the "Company") with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the launch and operation of a satellite. Any such forward-looking statements are based on the Company's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government or intergovernmental agency not being terminated. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. The Company cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not necessarily limited to: changes in government or intergovernmental priorities, mandates, funding levels, contracts and regulations; satellite construction delays; launch delays; launch failures; in-orbit failures; failure of third parties and subcontractors; and failure to anticipate changes in technology, technical standards and offerings or compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
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