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2016-11-11

GomSpace A/S: GomSpace establishes new Danish subsidiary to facilitate satellite launches

On November 11, 2016 GS Sweden AB (the "Company" or "GomSpace") has
registered a new Danish subsidiary - GomSpace Orbital ApS.

The object of GomSpace Orbital ApS ("Orbital") is to develop projects
and establish partnerships to help facilitate access to launch
services to all GomSpace customers within the group. The
establishment of the new Danish subsidiary does not entail any direct
costs for the Company other than contribution of the share capital.
Orbital is expected to contribute to the turnover and results of
operations of GomSpace on a long term basis.

Orbital will have operational offices in Uppsala, Sweden and in
Aalborg, Denmark. The official registered address will be in Aalborg,
Denmark.

For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu @ gomspace.com

About GS Sweden AB

The Company's business operations are conducted through the
wholly-owned Danish subsidiary, GomSpace ApS, with operational office
in Aalborg, Denmark. GomSpace is a space company with a mission to be
engaged in the global market for space systems and services by
introducing new products, i.e. components, platforms and systems
based on innovation within professional nanosatellites. The Company
is listed on the Nasdaq First North Premier exchange under the ticker
GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more
information, please visit our website on www.gomspace.com.

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http://news.cision.com/gomspace-a-s/r/gomspace-establishes-new-danish-su...
http://mb.cision.com/Main/14387/2120625/588584.pdf

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