Breeze Holdings Acquisition's Merging Partner D-Orbit Signs Launch Contract With Isar Aerospace
D-Orbit, the space logistics and orbital transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ:BREZ), announced today the signing of a launch contract with European launch services provider Isar Aerospace. D-Orbit will launch its ION Satellite Carrier (“ION”), the company’s versatile and cost-effective orbital transfer vehicle (OTV) designed both to precisely deploy satellites and perform technology demonstrations of third-party payloads in orbit, aboard Isar Aerospace’s Spectrum launch vehicle for small and medium-sized payloads.
This launch contract brings D-Orbit one step closer to achieving a launch schedule able to meet the increasing demand for last-mile space transportation solutions and in-orbit demonstration of third-party payloads.
“We are excited to partner with Isar and launch onboard their Spectrum rocket,” said Monica Valli, D-Orbit’s VP Operations. “The combination of Spectrum with our ION Satellite Carrier enables a variety of mission profiles that allow us to expand our offer in terms of transportation services and better serve the growing space logistics market.”
Isar Aerospace develops and builds launch vehicles for transporting small and medium-sized satellites as well as satellite constellations into Earth’s orbit. The privately financed company is headquartered in Ottobrunn, Germany. The company is developing Spectrum, a two-stage launch vehicle with a payload capacity to low Earth orbit of 1000kg.
“We are pleased to welcome D-Orbit on board Spectrum’s flight and thank the D-Orbit team for the trust they place in us. We are looking forward to working towards our common goal of reducing the barriers to flexible space access,” says Stella Guillen, Chief Commercial Officer of Isar Aerospace.
D-Orbit has already successfully launched six ION Satellite Carriers since September 2020 and three additional launches are scheduled for the remainder of 2022. With 13 flights scheduled for 2023, the fleet will soon reach 22 spacecraft in orbit, which will allow D-Orbit to offer new and valuable services to their customers, including in-orbit data storage and computing capabilities.
About D-Orbit and Its Proposed Business Combination with Breeze Holdings
D-Orbit is a market leader in the space logistics and transportation services industry with a track record of space-proven technologies and successful missions.
Founded in 2011, before the dawn of the New Space market, D-Orbit is the first company addressing the logistics needs of the space market. ION Satellite Carrier, for example, is a space vehicle that can transport satellites in orbit and release them individually into distinct orbital slots, reducing the time from launch to operations by up to 85% and the launch costs of an entire satellite constellation by up to 40%. ION can also accommodate multiple third-party payloads like innovative technologies developed by startups, experiments from research entities, and instruments from traditional space companies requiring a test in orbit.
D-Orbit is a space infrastructure pioneer with offices in Italy, Portugal, the UK, and the US; its commitment to pursuing business models that are profitable, friendly for the environment, and socially beneficial, led to D-Orbit S.p.A. becoming the first certified B-Corp space company in the world.
As previously announced on January 27, 2022, D-Orbit has entered into a business combination agreement among Breeze Holdings Acquisition Corp. (“Breeze Holdings”) (NASDAQ:BREZ), a publicly traded special purpose acquisition company, D-Orbit and a newly formed joint stock company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg (“Holdco”) pursuant to which Holdco will become the publicly traded parent company of Breeze Holdings and D-Orbit upon the closing of the transactions. The transaction is expected to close in the second or third quarter of 2022, subject to the satisfaction of customary closing conditions, including certain governmental approvals and the approval of the shareholders of Breeze Holdings and the contribution of the D-Orbit shares by the D-Orbit shareholders.