MAXIMIZE SPACE ASSET VALUE

Renato Panesi

Space debris threat: the problem

ww

w.s

pac

e-tr

ack.

org

LEO GEOMEO

Space is big, but useful space is crowded.

The exponential increase of objects in operational orbit leads to a continuously increasing risk in satellites collision

• Revenues loss due to waste of fuel on anti-collision maneuvers

• Impossibility to use over-crowded orbital slots

• Launch trajectories must avoid debris

Space debris threat: the need

INTERNATIONAL UN COPUOS, IADC, ISO 24113Limit the long-term presence of spacecraft and launch vehicle in orbit after the end of their mission; Mandatory post-mission disposal maneuver.

LEO GEO MEO LAUNCHERS

EUROPE French Space Act, ESABaseline: controlled atmoshperic reentry (causualty risk <2 10-5).If compliance is impossible (duly justified) reentry within 25 years with casualty risk < 10-4. ‘Best effort’ principle.

French Space Act, ESA, ITUMandatory disposal manoeuvre in graveyard orbit. Required success rate 90%.

French Space Act, IADC, ITU, ESAMandatory disposal manoeuvre in graveyard orbit.Generation of debris not allowed.

French Space Act, ESABaseline: controlled atmoshperic reentry.Limit the presence in operational orbit to 1 year.Mandatory disposal manoeuvre.‘Best effort’ principle.

UNITED STATES NASA, NOAA, FAA, DODCompliance with ISO 24113. Reentry in 25 years ANDcasualty probability < 10-4.

NASA, FCC, FAA, ITUMandatory disposal plan and maneuvre for optaning licensing.

NASA, FCC, FAA, DODMandatory disposal plan and maneuvre for obtaininglicensing.

NASA, NOAA, FAA, DODMandatory disposal by: atmosperic re-entry, storage orbit, direct retrieval.

JAPAN JAXAReducing to minimum post mission time of interference with LEO region.

JAXAMandatory transfer to higher orbit.

JAXAMandatory disposal plan and maneuvre for obtaininglicensing.

JAXAReducing to minimum post mission time of interference with useful orbits.

The D-Orbit solution

D-Orbit aims to market efficient, modular and scalable

decommissioning devices for all satellites and launcher

classes,

Progressing into the manufacturing of smart self-

decommissioning satellite platforms projecting a future

into in-space satellite servicing.

As first-mover in the market of decommissioning devices,

D-Orbit is leading the future in space debris management

and mitigation technology.

D-Orbit is committed to promote a sustainable, durable

and efficient growth of outer space resources.

profit

benefitglobalimpact

D3 Decommissioning

Devices

D-RaiseOrbit Raising

In0rbitSelf-decommissioning

satellite platforms

D-KitLarge Constellation

FEASIBILITY STUDY

For: LEO, MEO, GEO,

Launchers Stages

For full Electric satellite

platforms

Self-decommissioning LEO

small satellite platforms for

multiple-payloads. 50-300kg

For Active Debris Removal

missions

Independent and modular

Compliant with regulations

Based on solid propellant

technology

Independent and modular

Based on solid propellant

technology

Modular design

Common standard interfaces

for paylaod customization

possibility

innovative under-actuating

robotic arms and de-orbiting

device

To be installed on spacecrafts

before launch

Orbit raising capability in

order to avoid issues related

to the first part of GTO and

reliability deterioration

Special design to maximize

the volume and power

available for the host

paylaods

Partners: D-Orbit, CIRA,

BioRobotic Institute of Scuola

Superiore Sant’anna

Our products portfolio

Addressable 2016-2023 market

approximately $74B*;

D-Orbit is already seeing a demand pull

as international legislations mandate

stricter regulations for space operations:

D-Orbit already meets these standards,

providing state of the art technology for

self-decommissioning satellites and

space servicing.

•calculated as the number of satellite unit launches per year, and their rocket launchers,

•multiplied by the dollar value of one D-ORBIT product per satellite and per launcher.

•D-ORBIT projects a 50% market capture.

D-ORBIT

Product

Category

Addressable

Market

2016-2023

D3 LEO satellite $9.9B

D3 MEO satellite $1.1B

D3 GEO satellite $0.5B

D3 Launchers’ stages $28.6B

D-Raise $1.3B

Large Constellation D-Kit $33B

TOTAL $74.3B

The market

696

87

481

41

2295

254549

176

0

500

1000

1500

2000

2500

LEO MEO GEO Others

SATELLITES BY ORBIT 2015 - 2033

2015 2033

+ Good; - Bad

Other solutions for decommissioning

On-board liquid propulsion

Independent liquid propulsion

Electric propulsion

Passive devices D-ORBIT D3

Co

mp

etit

ive

adva

nta

ges

Cost

+ - + + +Mass

- - + + +Integration (impact on platform qualification) + - + - +Reliability (protection from satellite major failures) - +/- - - +Backup (in case of satellite failure) - + - - +Compliance with current debris mitigation regulations +/- + - - +

Our competitiveness

• Established in 2011

• patented technology/product solutions to decommission satellites and launchers

• First mover in satellite decommissioning and launcher deorbit markets

• Leader in Europe on solutions for space debris mitigation

• Staff of 30+ people, most of them holding a Ph.D., with consolidated experience in the market

Lisbon, Portugal

Lomazzo, Italy

Florence, Italy

Washington D.C., VA

D-ORBIT

Luca RossettiniCEO, CO-FOUNDER

Serial entrepreneur. Expert at Space Advisory Group of the European Commission. Board member of AIPAS (space SME industrial association), Board member of Confindustria Florence. Aerospace engineer with a Ph.D. in advanced space propulsion (Politecnico di Milano). Certificate in technology entrepreneurship (Santa Clara University), master in Strategic Sustainability, Fulbright Alumnus.

Renato PanesiVP M&S, CO-FOUNDER

Marketing & Sales area manager at Finmeccanica. Seven years of experience in R&D within Finmeccanica. Aerospace engineer with a Ph.D. in robust multivariable flight control systems (Università di Pisa). Certificate in technology entrepreneurship (Santa Clara University), Fulbright Alumnus.

Thomas PanozzoCO-FOUNDER

Former sales director at ArianeSpace. CEO at Telematic Solutions. Past experience at CNES. Thomas is an Aerospace Engineer (Politecnico di Milano) with a MSc in Astrodynamics. His contacts portfolio includes both satellites operators/manufacturers and launchers companies.

Giuseppe TussiwandCO-FOUNDER

Project manager and head of structural analysis at Bayern-Chemie, 15 years of experience in rockets propulsion. Giuseppe is an Aerospace engineer with a Ph.D. in Aerospace Engineering (Politecnico di Milano). Private consultant for several aerospace companies.

Pietro GuerrieriVP Biz Dev

General Manager at SES Astra Italia. Former CEO of Milano Teleport SpA, former Satellite Operations Engineer at Eutelsat. Co-author of: "The legal discipline of financial activities in Outer Space“. Pietro is helping D-Orbit developing a successful commercial strategy.

Francesco Di TolleCTO

Former CEO at Space Software Italia, CTO in Laben, Chief engineer digital and radar at Thales Alenia Space, Francesco held a class at Politecnico di Milano on Safe Electronic Systems.

Demetrio MasaroHead PM

Former Program manager, head of Engineering, head of Production (80 people) at Thales Alenia Space. Main European satellite programs managed: Earth Remote Sensing program:budget 60 M€; Galileo IOV program: budget 15 M€; Cosmo Skymed: budget 50 M€.

Robert W. DeanCEO D-Orbit Inc.

Vialogy Llc, CA (LSE:VIY) CEO and Director. SAIC Inc., (NYSE:SAIC) Corporate Senior VP, Market Development; Macdonald Dettwiler And Associates, Director; BOEING Space & Communications Co., VP Business Development; Lockheed Martin Missiles & Space Co., VP Business Development & Advanced Programs United Space Alliance, VP Strategic Planning & Business Development; Ball Corporation, Senior VP; THE WHITE HOUSE, Special Assistant to the President & Senior Director, National security Council; Central Intelligence Agency

Our management team

Mar. 2011

Jan. 2012

Apr. 2013

Jul. 2013

Nov. 2013

2014

2016

D-Orbit established• Patent filed

First prototype• Suppliers defined• Technical team

Test on-ground• Risk mitigation activities

New Production facility• 250m2 w clean room

Launch qualification• ECSS compliance

Validation in space• DNEPR, Russia

D-SAT mission andLaunch• NASA-CASIS contract

Technical roadmap

Current projects

• PROTEC-1: satellite for technology demonstration. Project leader: Airbus. D-Orbit is in charge of the decommissioning.

• ESA: Research and development of a TVC system for a solid propellant motor based decommissioningdevice.

• ESA: decommissioning requirement assessment for future ESA satellites.

• ESA: decommissioning devices market assessment.

• SME Instrument PH1&2: standard configuration of the decommissioning system for satellites.

• Fast Track for Innovation: autonomous recovery of satellite total loss for the decommissioning phase. Cooperation with Yuzhnoye SDO. Application in progress.

• D-SAT mission: self-funded mission, first satellite removed from orbit by independent decommissioning mean.

• Advanced project for microsatellite platform: procurement of a platform for in-orbit validation of a new satellite propulsion solution

• Requests for offers received for €52m: decommissioning devices and small satellite platforms.

• Revenues started in 2015 and breakeven foreseen in 2017

• Raised so far: ~€4M

• Looking for €7M (2016) to sustain the EU business to breakeven

Financial highlights

(20,000,000)

-

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

2014 2015 2016 2017 2018 2019

Revenues

Gross Margin

EBITDAPersonnel,

23%

Marketing, 5%

R&D, 65%

Lab+Office, 4%

G&A, 3%Use of Funds – Year1

Economic forecasts 2014-2019

deorbitaldevices.com

Headquarters: Milano, via Mazzini 2, 20123, ITALY

Operating Office: ComoNext Technology Park, Lomazzo (CO), via Cavour 2, 22074, ITALY– Tel. +39 02 3671 4010

Administrative Office: Sesto Fiorentino (FI), via Madonna del Piano 6, 50019, ITALY – Tel. +39 055 457 4666

D-ORBIT PT Lda: Lisboa, Av. Forças Armadas ed ISCTE 1600.083, PORTUGAL

D-ORBIT Inc: Falls Church, 6864 Frase Drive, Virginia 22043, USA

email: info@deorbitaldevices.com

Contacts:

Renato Panesi,

Vice President Marketing & Sales

Tel. +39 320 02 44 978

email. Renato.panesi@deorbitaldevices.com