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Vector Announces Dedicated Launch of Hiber Nanosat This Year
Friday, January 11, 2019

Microsatellite launch company continues to expand manifest ahead of first orbital attempt

TUCSON, Ariz., Jan. 11, 2019 /PRNewswire/ -- Vector, a space access company serving the over $300 billion space market, today announced it will conduct a dedicated launch of a nanosatellite for Hiber later this year from the Pacific Spaceport Complex - Alaska in Kodiak. Hiber, a Dutch company with two nanosatellites already in orbit, plans to utilize the Vector-R dedicated small satellite launch system to deploy its nanosatellite.

"There are many risk factors that inherently come with launching satellites, but Vector's dedicated launch model significantly reduces that risk for satellite operators. Vector is thrilled to have Hiber as one of our first payload customers," said Robert R. Cleave, Chief Revenue Officer at Vector. "We are honored to be selected to launch this important mission."

Hiber was founded in 2016 with the goal to deliver Internet of Things (IoT) connectivity to the 90% of the globe currently lacking a network. It is the first Dutch commercial satellite operator and, as of November 2018, is the first organization to be providing a fully global IoT-connectivity network. Hiber is already working with more than 25 customers, including the British Antarctic Survey, which is using the network to transmit data from remote measurement stations currently lacking satellite communications. It has also partnered with EduClima, which is bringing climate stations to schools in remote areas of Peru, Tanzania, and Sri Lanka in order to education tomorrow's smart farmers, and Blik Sensing, which is managing water resources by providing insight into global groundwater levels.

"Vector is an important partner who will help us achieve our goals. They offer the type of product and the size of payload we need to achieve orbit. As a start-up in the booming NewSpace industry, it is important for us to work with a company like Vector who clearly has the background and expertise to help us continue to successfully launch our satellites," said Maarten Engelen, Chief Technology Officer at Hiber. "Vector has worked closely with our team to ensure our confidence, and we look forward to working with the team on the launch of our third nanosatellite and on missions to come."

Coming on the heels of its Series B funding, Vector recently expanded its sales and marketing teams, including the hire of a Chief Revenue Officer, Robert R. Cleave. Vector has made significant strides over the last year toward its first orbital launch by achieving many technical milestones and proving out the company's responsive launch capabilities, a major differentiator in the small satellite launch industry. Throughout 2019, Vector will ramp up testing of critical elements of the Vector-R launch vehicle, leading up to its inaugural orbital launch.

About Vector:
Vector connects legacy space, NewSpace companies, and innovators with dedicated launch services and enabling platforms to access space more efficiently than ever before. Vector is proud to design, build and launch its vehicles and enabling platforms in the United States of America. For more information, please visit http://www.vector-launch.com

About Hiber:
Hiber (formerly Magnitude Space) is a 'NewSpace' startup, founded and led by a dream team of satellite experts and tech entrepreneurs. These 'Hibernauts' are working on a moonshoot goal: to launch and run a nano-satellite constellation in space. More than 40 employees work on the ground-breaking, patent-pending technology behind Hiber and Hiberband at its offices in Amsterdam and Delft.

To date, around EUR20 million to date in funding has been invested in the company. This has meant that in November 2018 Hiber became the Netherlands' first commercial satellite company, launching its first two nano-satellites into orbit. Hiber officially launched at the Amazon Web Services' (AWS) Re:invent Conference in November 2018 where they were named Commercial Startup Launch of 2018 at the AWS. For more information, please visit https://hiber.global/

View original content to download multimedia:http://www.prnewswire.com/news-releases/vector-announces-dedicated-launch-of-hiber-nanosat-this-year-300777008.html

SOURCE Vector



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