Virgin Orbit Announces New Partnership with Maritime Intelligence Firm Horizon Technologies

Closeup on LauncherOne. (Credit: Kenneth Brown)

LONG BEACH, Calif., 21 December 2021 (Virgin Orbit PR) – Virgin Orbit, the US-based responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), announced today the signing of a termsheet establishing a close and multi-faceted partnership with Horizon Technologies (“Horizon”), the UK-based global leader in innovative space-based Maritime Domain Awareness (“MDA”) through signals intelligence. According to the agreement, Virgin Orbit will become Horizon’s preferred launch partner, will take an equity stake in the company, and will appoint a Virgin Orbit representative to Horizon’s board of directors. Horizon currently plans to take advantage of LauncherOne’s unique ability to reach tailored orbits for at least five launches.

Already an established world leader in airborne systems through its FlyingFish™ and BlackFish™ product lines, which are in operation on numerous aircrafts worldwide for customers including NATO and the European Border and Coast Guard Agency (“FRONTEX”), Horizon is enhancing its capabilities through the expansion of its Space-Based Marine Intelligence services. That work has begun with the impending launch of the first of their AMBER™ commercial SIGINT CubeSats to provide customers with an enhanced Maritime Intelligence Data Service. Applications for the Amber™ system will include monitoring for detection of Dark Target detection / Detection of illegal activity, Piracy, Smuggling, Illegal Fishing, Transshipments and Terrorism. Horizon will continue to build out the AMBER™ constellation and its related services by conducting further launches onboard Virgin Orbit’s mobile LauncherOne system.

“With this agreement with Horizon we continue to turn vision into reality for our customers looking to better build out their businesses and serve life here on Earth,” said Virgin Orbit CEO Dan Hart. “With systems already known to help combat everything from illegal fishing to smuggling and trafficking, we are excited to partner with Horizon Technologies as we further our mission of opening space for good.”

“We are thrilled to have to have Virgin Orbit join us as an investor and partner. Our plan to be the world’s leading provider of maritime intelligence provides synergy with Virgin Orbit’s broader space solutions strategy,” said Horizon CEO John Beckner. “As a UK SME, with strong support from the UK Government and, in particular, the Royal Navy as our lead customer, this agreement aligns perfectly with both companies’ goals for the future, and for the benefit for the planet.”

Virgin Orbit has recently announced a series of strategic investments in the growth of its Space Solutions business, including with satellite imaging providers HyperSat as well as SatRevolution, which will also fly as a repeat customer on the company’s next mission Above the Clouds. Virgin Orbit has previously announced that it plans to complete its next scheduled launch in January 2022.

About Horizon Technologies

Horizon Technologies is a Global Leader in innovative SIGINT and Space-Based Maritime Domain Awareness (MDA) Intelligence Solutions. Horizon Aerospace Technologies is a world leader in airborne Sat Phone monitoring systems for Intelligence, Surveillance, and Reconnaissance (ISR) applications, equipping governments worldwide by enhancing their SIGINT capabilities. We are the Original Equipment Manufacturer (OEM) for the FlyingFish™ and BlackFish™ SIGINT systems which are in operation on numerous platforms worldwide. We participate daily in SAR missions via NATO and FRONTEX in the Mediterranean Sea and are heavily involved in international operations around the globe.

Horizon Space Technologies is the prime contractor for the UK Government’s Amber™ program. The Amber™ Program will consist of Amber™ CubeSats in multiple orbital planes providing global Maritime Domain Awareness (MDA) data to NIMIC (led by Royal Navy).

Visit: HorizonTechnologies.com. Horizon Technologies. Where Vision Turns into Reality.

About Virgin Orbit

Virgin Orbit operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747- 400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. On August 22, 2021, Virgin Orbit entered into a definitive agreement to combine with NextGen Acquisition Corp. II (NASDAQ: NGCA), a special purpose acquisition company, which would result in Virgin Orbit becoming a publicly listed company on the Nasdaq Stock Market under the symbol VORB. To learn more, visit virginorbit.com.

About NextGen Acquisition Corp. II

NextGen Acquisition Corp. II is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NextGen is led by George Mattson, a former Partner at Goldman, Sachs & Co., and Gregory Summe, former Chairman and CEO of Perkin Elmer and Vice Chairman of the Carlyle Group. NextGen is listed on NASDAQ under the ticker symbol “NGCA.” For more information, please visit www.nextgenacq.com.

IMPORTANT LEGAL INFORMATION

Additional Information and Where to Find It

This press release relates to a proposed transaction between Vieco USA, Inc. (“Vieco USA”) and NextGen Acquisition Corp. II (“NextGen”). This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. In connection with the proposed transaction, NextGen has filed a registration statement on Form S-4 with the SEC on September 16, 2021, as amended on October 29, 2021, November 23, 2021 and December 3, 2021, which was declared effective by the SEC on December 7, 2021, which includes a document that serves as a prospectus and proxy statement of NextGen (the “proxy statement/prospectus”). A definitive proxy statement/prospectus was mailed to all NextGen shareholders of record as of November 19, 2021, the record date established for the extraordinary general meeting of shareholders relating to the proposed transaction on December 28, 2021. NextGen also will file other documents regarding the proposed transaction with the SEC. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. Before making any voting or investment decision, investors and security holders of NextGen are urged to read the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and security holders may obtain free copies of the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC by NextGen through the website maintained by the SEC at www.sec.gov.

The documents filed by NextGen with the SEC also may be obtained free of charge at NextGen’s website at https://www.nextgenacq.com/nextgen-ii.html or upon written request to 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431.