Investor Relations

Extraordinary Announcement of 4iG Plc.

Launch of HUSAT satellite program of a strategic importance

4iG Public Limited Company (referred to as: “4iG”) hereby informs the participants of the capital market that today, 4iG’s wholly owned subsidiary 4iG Space and Defence Technologies Private Limited Company (registered office: HU-1013 Budapest, Krisztina körút 39.; company registration number: Cg. 01-10-142725; hereinafter referred to as: ”4iG S&D“) has announced its satellite program named HUSAT (“HUSAT programme”) as a program with strategic importance.

The HUSAT program is the largest satellite program in Hungary and the CEE region, which is initiated and financed by the private sector. The 4iG S&D plans to launch one geostationary telecommunication satellite (HUGEO) and eight low Earth orbit VHR Earth observation satellites (HULEO) in the framework of the HUSAT programme by 2032 and operate them during their lifetime. The HULEO constellation will consists of six electro-optical satellites (HUEOP) and two synthetic aperture radar satellites (HUSAR).

4iG S&D plans to manufacture the low Earth orbit satellites in the satellite integration centre of Martonvásár, which has been funded jointly by 4iG S&D and REMRED PLC to be operational by 2026. The HUGEO and the first HUEOP satellite will be operational in orbit by the end of 2028 according to the schedule of the programme.

Main services offered in the HUSAT programme are the followings: Earth observation, data processing and telecommunication. Hungaro DigiTel Telcommunications Private Limited Company (registered office at 2, str. Komp, H-2310 Szigetszentmiklós, Lakihegy, company registration number: Cg. 13-09-070878) and REMRED Technology Development Private Company Limited by Shares (registered office: HU-1121 Budapest, Konkoly-Thege Miklós út 29-33.; company registration number: Cg. 01-10-142448;) are also participating in the HUSAT programme as members of the 4iG Group’s portfolio.

Budapest, 20 November 2024

4iG Plc.