FOR IMMEDIATE RELEASE

Mitsubishi Electric and Astroscale to Develop and Produce Satellite Buses
Tokyo, Japan, Feb. 27, 2023 – Mitsubishi Electric Corporation, a leading defense and space company, andAstroscale Holdings Inc., the market leader in satellite servicing and long-term sustainability across allorbits, announced today that Mitsubishi Electric has invested U.S. $25 million in Astroscale’s Series G
funding round.Separate from the investment, the companies have agreed to collaborate in the joint
development and manufacturing of sustainably designed satellite buses for Japanese national security
constellations.
The satellite buses will be equipped with an Astroscale docking plate, similar to a car "tow hook," with astandardized interface. This allows other spacecraft to dock with and move or remove satellites if they
are unable to deorbit themselves at the end of their operational lives. Preparing satellites in thissustainable manner minimizes costs and maximizes safety for future on-orbit servicing.
“The world depends on satellites more than ever before, so if the orbital environment is disrupted orbecomes unusable, our lives will be irrevocably changed,” said Nobu Okada, Founder and CEO ofAstroscale. “Space is a special domain shared by the equally important commercial, civil, and defense
sectors. We are proud to partner with Mitsubishi Electric to assure that our orbital environment remains
safe, secure, and sustainable, and that more objects operating in space are designed for future servicing
and removal.”
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Contact:
Mitsubishi ElectricMedia Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2346| prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Customer Inquiries
Electronic Systems Group, Marketing Planning Sect.
| Defense-systems-div.support@ny.MitsubishiElectric.co.jp
Astroscale
Global Communications & Marketing | media@astroscale.com

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About Mitsubishi ElectricWith more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric
Corporation (TOKYO: 6503) is a recognised world leader in the manufacture, marketing and sales ofelectrical and electronic equipment used in information processing and communications, spacedevelopment and satellite communications, consumer electronics, industrial technology, energy,transportation and building equipment. Mitsubishi Electric enriches society with technology in the spiritof its “Changes for the Better.” The company recorded a revenue of 4,476.7 billion yen (U.S.$ 36.7 billion*)in the fiscal year ended March 31, 2022. For more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥122=U.S.$1, the approximate rate on theTokyo Foreign Exchange Market on March 31, 2022_____________________________________________________________________________________
About Astroscale
Astroscale is the first private company with a vision to secure the safe and sustainable development of
space for the benefit of future generations and is dedicated to on-orbit servicing across all orbits.
Founded in 2013, Astroscale is developing innovative and scalable solutions across the spectrum of onorbit servicing, including life extension, in situ space situational awareness, end-of-life, and active debris
removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debrisin space. Astroscale is also defining business cases and working with government and commercial
stakeholders to develop norms, regulations, and incentives for the responsible use of space.
Headquartered in Japan, Astroscale has an international presence with subsidiaries in the United Kingdom,
the United States, and Israel. Astroscale is a rapidly expanding venture company, working to advance safe
and sustainable growth in space and solve a growing environmental concern.
Find out more about Astroscale at www.astroscale.com.