OHB prime contractor for development and assembly of the LEO-PNT navigation
demonstration satellites

EQS-News: OHB SE / Key word(s): Contract
OHB prime contractor for development and assembly of the LEO-PNT navigation
demonstration satellites

22.03.2024 / 14:16 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Bremen/Paris, 22 March 2024 - OHB System AG, a subsidiary of the space
technology group OHB SE, has been selected as the main partner of Spanish
space company GMV for the development and assembly of four satellites and
the associated payloads for the LEO-PNT (Low Earth Orbit - Positioning
Navigation Timing) navigation satellite programme. The contract between the
client ESA (European Space Agency) and GMV was signed this week in Paris.
OHB is working on this mission as a subcontractor to GMV: OHB's share of the
total contract is valued at around EUR 38 million.

OHB is contributing to the LEO-PNT programme the expertise that it gained
from the European Galileo navigation satellite programme, for whose 34 FOC
(Full Operational Capability) satellites it is the prime contractor. LEO-PNT
is an in-orbit demonstration mission, as various parameters are to be tested
during this mission. The findings are to be incorporated in a comprehensive
LEO-PNT constellation. 'The new LEO-PNT payloads will be sandwiched in a
lowEarth orbit between the high-orbit Galileo satellites and users on the
surface of the Earth. The payloads will augment the existing signals. In
addition, LEO-PNT will broaden the spectrum of current navigation signals by
adding numerous new frequency bands as well as new signal structures and
content. This will make it possible to significantly boost overall system
resilience and thus create the basis for numerous new applications,
particularly autonomous driving,' says Dr Manuel Czech, LEO-PNT project
manager at OHB.

Small and versatile

The satellites will each be the size of a dishwasher and weigh around 90
kilograms. 'In order for the LEO-PNT satellites to transmit precise
navigation signals, they first have to determine their own position and time
precisely and synchronise this data with the Galileo satellites that are
already in space. This will be done using newly developed algorithms to
improve accuracy and corrections for precise positioning such as those from
the High-Accuracy Service (HAS) provided by Galileo, which has recently been
activated,' explains Dr Manuel Czech.

To avoid space debris, the satellites will feature a design exceeding the
current standard: with the help of their propulsion system plus a sail, they
will be able to leave their orbit shortly after the end of their mission,
descend and consequently burn up in the Earth's atmosphere.

The timetable for the mission is quite ambitious by space flight standards:
OHB's four demonstrator satellites are to be launched in just under two and
a half years' time and immediately go into operation. An initial technology
demonstrator with some key payload technologies is to be launched into space
on a mini-satellite - known as a CubeSAT - for initial testing in around a
year and a half.



Contact:

Media representatives:

Marianne Radel
Corporate Communications
Phone: +49 421 2020 9159
Email: marianne.radel@ohb.de


Investors and analysts:

Marcel Dietz
Investor Relations
Phone: +49 421 2020 6426
Email: ir@ohb.de


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22.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        OHB SE
                   Manfred-Fuchs-Platz 2-4
                   28359 Bremen
                   Germany
   Phone:          +49 421 2020 8
   E-mail:         info@ohb.de
   Internet:       www.ohb.de
   ISIN:           DE0005936124
   WKN:            593612
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1865607

End of News EQS News Service
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1865607 22.03.2024 CET/CEST