INNOVATION

Satellogic Announces the Formation of a High-Throughput Manufacturing Unit in the Netherlands

Satellogic | December 29, 2021

On December 28th, Satellogic, a market leader in the collection of sub-meter resolution satellite imagery, announced the construction of a high-throughput satellite manufacturing facility in the Netherlands.

This new 57,000-square-foot facility is expected to expedite satellite assembly and house the company's state-of-the-art manufacturing, integration, and testing equipment. Along with logistics capabilities and storage space dedicated to sensitive optics, mechanical, and electronic components, the facility will include office and meeting space for approximately 80 people to facilitate hybrid working arrangements.

The site was strategically selected in Berkel en Rodenrijs because the region is home to a sizable workforce of skilled labor. Furthermore, proximity to The Hague, Delft, and Rotterdam enables Satellogic to provide the best logistical support in the world.
Gustav Wenhold, Satellogic's VP of Manufacturing Operations, will oversee operations at the new facility. Wenhold's international leadership experience spans more than two decades. He has managed several aerospace manufacturing entities for the last 15 years, ensuring that the necessary functions for self-sustaining business models were in place.

"Satellogic has ambitious growth plans that our new high-throughput plant is designed to meet," said Wenhold. "With these significant additions to our production capabilities, we’re prepared to continue supporting our customers by delivering high frequency, high-resolution imagery and strategic, timely insights for decision makers."

The new high-throughput plant will operate under modern and Industry 4.0 principles. The building's construction is scheduled to be completed by the end of January 2022. Production is expected to begin in the second quarter of 2022 after the facility's equipment is fully commissioned, and the facility is expected to reach its total capacity of 25 satellites per quarter by Q3 2023.

"Satellogic relies on key suppliers for the delivery of components and subassemblies that have been fully developed by our internal engineering and manufacturing teams, With this expansion to our supply chain, we expect we will be able to scale up our production plans and reach our goal of constantly maintaining 300 satellites in orbit."

-Alessandro Comune, VP of Global Supply Chain.

Satellogic will maintain its current Assembly, Integration, and Test (AIT) facility in Montevideo, Uruguay, which currently has a capacity of 24 satellites per year. In the future, the Uruguay facility will primarily serve as a pilot plant to introduce new technology for next-generation satellites. Additionally, the technology will be advanced to the manufacturing maturity required for satellites to be transferred to the Netherlands, where industrialization and throughput-increment processes will be developed. Both facilities will continue to emphasize standardization, zero defects, and zero waste.

Satellogic is expected to go public through a proposed business combination with CF Acquisition Corp. V (Nasdaq: CFV) ("CFAC V"), a Cantor Fitzgerald-sponsored particular purpose acquisition company. The transaction, which is expected to close in the fourth quarter of 2021, will enable Satellogic to expand its constellation of satellites and maintain its position as the global leader in sub-meter imagery. Satellogic will begin trading on the Nasdaq following the close under the ticker symbol "SATL."

*This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended.

They reflect Satellogic's current expectations and beliefs about future developments and their potential impact on Satellogic. Statements made in this press release are based on assumptions. A guarantee, an assurance, a prediction, or a definitive statement of fact or probability is not intended to be relied upon by an investor. Actual events and circumstances will differ from assumptions. Satellogic has no control over many real events.

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