FOR IMMEDIATE RELEASE

Argo Space Corp Awarded Direct-to-Phase II Tactically Responsive Space Contract to Develop Reusable In-Space Transport Vehicles

(HERMOSA BEACH, California) – Argo Space Corp announces it has been selected by SpaceWERX for a Direct-to-Phase II contract in the amount of $1.7M focused on the in-space transportation vehicle, the Argonaut, to address the most pressing challenges in the Department of the Air Force (DAF). The Air Force Research Laboratory and SpaceWERX, the innovation arm of the U.S. Space Force and a unique division within AFWERX, have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on (selection notification date or contract award date), (Company Name) will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

(Mandatory disclaimer) “The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.” About Argo Space Corp Argo Space Corp is building an in-space transportation architecture with water-powered reusable vehicles to enable limitless maneuver from Low Earth Orbit to the Moon and everywhere in-between.

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About AFRL

The Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit afresearchlab.com.

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About AFWERX

As the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 325 military, civilian and contractor personnel at six hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed 4,697 contracts worth more than $2.6 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: afwerx.com.

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About SpaceWERX

As the innovation arm of the U.S. Space Force and a unique division within AFWERX, SpaceWERX inspires and empowers collaboration with innovators to accelerate capabilities and shape our future in space. Headquartered in Los Angeles, SpaceWERX employs 28 military, civilian and contractor personnel executing an annual $457 million budget. Since it was aligned under AFRL in Aug. 2021, SpaceWERX has executed 906 contracts worth more than $690 million to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: spacewerx.us.

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Company Press Contact:

Kirby Carlisle

Chief Operating Officer

kirby@argospace.com

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