Ovzon reschedules launch of the Ovzon 3 satellite until the second half of 2022

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Ovzon is today announcing that the Ovzon 3 satellite launch will be delayed and is planned to be launched in the second half of 2022. The rescheduling is due to continued insufficiencies and delivery of key components affecting the completion of Ovzon 3 and of a large number of other satellites in the industry.

The rescheduling will not affect Ovzon's current business and deliveries to current and new customers as the company has already strategically secured leased satellite capacity for Ovzon’s expanding SATCOM-as-a-Service offering.

This information is information that Ovzon AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation 596/2014 and the Securities Markets Act (2007:528). The information in this press release has been published through the agency of the contact persons set out below, at the time stated by Ovzon AB’s (publ) news distributor Cision upon publication of this press release.

For further information please contact:
Per Norén, CEO, pno@ovzon.com, +1 206 931 7232

About Ovzon
Ovzon is revolutionizing mobile broadband via satellite with the highest bandwidth through the smallest terminals. Ovzon’s end-to-end SATCOM-as-a-Service solutions meet the growing demand for global connectivity for customers with the highest performance requirements including Government, Defense, Fire and Rescue Services, Law Enforcement and Public Safety, Marin and Air Services, NGOs, Media and Entertainment. The company was founded in 2006 and has offices in Stockholm, Sweden; Herndon, VA, and Tampa, FL, USA. Ovzon is publicly listed on Nasdaq Stockholm. For more information about Ovzon, visit www.ovzon.com.