AuroraSat-1 will test spacecraft hardware
developed for sustainable space use including water-based
propulsion jets and plasma brakes
Rocket Lab, a leading launch provider and space systems company,
has today announced it will launch a satellite to test space junk
removal technologies for Aurora Propulsion Technologies, a Finnish
company dedicated to the sustainable use of space.
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the full release here:
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Lift-off of Rocket Lab's Electron rocket.
(Photo: Business Wire)
Lifting-off from Launch Complex 1 on New Zealand’s Mahia
Peninsula as part of a rideshare mission scheduled in Q4, 2021,
Electron will deploy AuroraSat-1 to low Earth orbit in a
demonstration of the company’s proprietary propulsion devices and
plasma brakes that provide efficient propulsion and deorbiting
capabilities for small satellites. The CubeSat will validate the
water-based propellant and mobility control of its Resistojets that
can assist CubeSats with detumbling capabilities and
propulsion-based attitude control. AuroraSat-1 will also test its
deployable Plasma Brakes which combine a micro-tether with charged
particles in space, or ionospheric plasma, to generate significant
amounts of drag to deorbit the spacecraft safely at the end of its
life.
The recently-signed launch agreement provides Aurora with an
accelerated on-ramp to space at a critical phase in the company’s
growth and technology development. Originally manifested to launch
on a different rocket and orbital transfer vehicle, Rocket Lab’s
rapid and streamlined space access, combined with the ability of
Electron’s Kick Stage to precisely deliver payloads to their unique
orbits, were decisive factors in Aurora selecting Rocket Lab as the
launch provider for their mission.
“Speed to space is crucial in the development of next-generation
technologies like Aurora’s, made possible by the dedicated team
behind Electron that delivers rapid and responsive launch for
satellite operators who want to move quickly,” said Rocket Lab
founder and CEO, Peter Beck. “We’re delighted to be working with
Aurora to enable new and innovative systems with the safe and
sustainable use of space in mind.”
Aurora CEO, Roope Takala said: “After earlier launch plans fell
through, we greatly value Rocket Lab’s ability to offer a launch in
a flight window starting just three months from our originally
planned launch date. The quick response Rocket Lab offered allows
us to space prove our technologies this year and keep on track with
our development plans.”
The AuroraSat-1 launch agreement follows a collection of other
announced satellites flying onboard Electron including the first
ever wooden satellite, WISA Woodsat, developed by Finnish company
Arctic Astronautics. The mission is expected to follow on from
three back-to-back Electron launches in August and September for
BlackSky Global, and the CAPSTONE mission to the Moon in support of
NASA’s Artemis program.
Images and video content:
www.rocketlabusa.com/about-us/updates/link-to-rocket-lab-imagery-and-video/
About Rocket Lab:
Rocket Lab is a global leader in space, building rockets and
spacecraft that make it easier to get to orbit and to do amazing
things there. Founded in 2006, Rocket Lab provides end-to-end
mission services that provide frequent and reliable access to space
for civil, defense, and commercial markets. Headquartered in Long
Beach, California, Rocket Lab designs and manufactures the Electron
and Neutron launch vehicles and Photon satellite platform. Rocket
Lab’s Electron launch vehicle is the second most frequently
launched U.S. rocket annually and has delivered more than 100
satellites to orbit for private and public sector organizations,
enabling operations in national security, scientific research,
space debris mitigation, Earth observation, climate monitoring, and
communications. Rocket Lab and Vector Acquisition Corporation
(Nasdaq: VACQ), a publicly-traded special purpose acquisition
company, announced a proposed business combination in the first
quarter of 2021 (https://bwnews.pr/3yBYYzd). The transaction is
expected to be completed in the third quarter of 2021. Upon
closing, the combined company is expected to remain listed on the
Nasdaq with its common stock and warrants trading under the new
ticker symbols, “RKLB” and “RKLBW”, respectively.
About Aurora Propulsion Technologies
Aurora Propulsion Technologies’ mission is to ensure sustainable
use of space, whilst prolonging the useful lifespan of satellites.
Our technologies enable effective and prompt implementation of
satellite position and orientation to ensure successful execution
and growth for the owners’ business as well as the safe and
reliable deorbiting of satellites at the end of their useful life.
The long-term mission goal is deep space exploration with
microsatellite-sized probes using a revolutionary means of
propulsion, an electric sail. Visit Aurora Propulsion Technologies
at www.aurorapt.fi.
Additional Information
This press release relates to a proposed transaction between
Rocket Lab USA, Inc. (“Rocket Lab”) and Vector Acquisition
Corporation (“Vector”). This press release does not constitute an
offer to sell or exchange, or the solicitation of an offer to buy
or exchange, any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, sale or
exchange would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. Vector and
Rocket Lab filed a registration statement on Form S-4 with the U.S.
Securities and Exchange Commission (the “SEC”), which includes a
document that serves as a joint prospectus and proxy statement,
referred to as a proxy statement/prospectus. The proxy
statement/prospectus has been sent to all Rocket Lab and Vector
shareholders. Rocket Lab and Vector will also file other documents
regarding the proposed transaction with the SEC. Before making any
voting decision, investors and security holders of Rocket Lab and
Vector are urged to read the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC in connection with the proposed
transaction as they become available because they will contain
important information about the proposed transaction.
Investors and security holders will be able to obtain free
copies of the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by Rocket Lab and Vector through the
website maintained by the SEC at www.sec.gov.
The documents filed by Vector with the SEC also may be obtained
free of charge upon written request to Vector Acquisition
Corporation, One Market Street, Steuart Tower, 23rd Floor, San
Francisco, CA 94105. The documents filed by Rocket Lab with the SEC
also may be obtained free of charge upon written request to Rocket
Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808.
Participants in the Solicitation
Rocket Lab, Vector and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Vector’s shareholders in connection with the proposed
transaction. A list of the names of such directors, executive
officers, other members of management, and employees, and
information regarding their interests in the proposed transaction
are contained in Vector’s filings with the SEC, including Vector’s
Annual Report on Form 10-K for the year ended December 31, 2020,
filed with the SEC on March 30, 2021, as amended by Amendment No. 1
on May 3, 2021, certain of its Current Reports filed on Form 8-K
and the definitive proxy statement/prospectus relating to the
proposed transaction filed on July 22, 2021, and such information
and names of Rocket Lab’s directors and executive officers is in
the definitive proxy statement/prospectus relating to the proposed
transaction filed on July 22, 2021. Additional information
regarding the interests of such potential participants in the
solicitation process are included in the registration statement
(and included in the proxy statement/prospectus) and other relevant
documents when they are filed with the SEC.
Forward-Looking Statements
This press release may contain certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, including statements regarding Vector’s, Rocket
Lab’s or their respective management teams’ expectations, hopes,
beliefs, intentions or strategies regarding the future. The words
“anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”,
“intends”, “may”, “might”, “plan”, “possible”, “potential”,
“predict”, “project”, “should”, “would” and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements are based on Rocket Lab’s current
expectations and beliefs concerning future developments and their
potential effects. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) the risk that the
proposed transaction with Vector may not be completed in a timely
manner or at all, (ii) the failure to satisfy the conditions to the
consummation of the proposed transaction with Vector, including the
adoption of the merger agreement governing the proposed transaction
by Vector’s shareholders, and (iii) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the merger agreement. There can be no assurance that
the future developments affecting Rocket Lab will be those that we
have anticipated. These forward-looking statements involve a number
of risks, uncertainties (some of which are beyond Rocket Lab’s
control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. Except as required by
law, Rocket Lab is not undertaking any obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210816005297/en/
Rocket Lab Media Contact: Murielle Baker | (+64) 27 538
9040 | media@rocketlabusa.com
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