KAMLOOPS, BC, Sept. 24, 2026 /CNW/ — Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (“Progressive Planet”, “PLAN”, or the “Company”) is proud to provide highlights for the first quarter ended July 31, 2026.

Financial Highlights include the following: 

Revenue increased by 23% to $7,296,702 – the highest quarterly revenue achieved by the Company since inception.Gross profit increased by 10% to $2,497,757.Gross margin decreased to 34% compared to 39% for Q1 F2026.Income from operations increased by 29% to $924,124.EBITDA decreased to $1,350,097, compared to $1,444,559 for Q1 F2026 (a 7% decrease).Adjusted EBITDA increased to $1,481,334, compared to $1,400,127 for Q1 F2026 (a 6% increase).Net income decreased 31% to $1,109,931.

Capital investment: During the three-month period ended July 31, 2026, the Company invested $654,335 in property, plant and equipment assets, including $391,104 for a building extension and equipment to be utilized in the PozGlass™ pilot plant.  Grant proceeds of $189,685 were recognized in relation to these pilot plant acquisitions, thereby reducing the cash outlay required by the Company. 

Pilot Plant development: During the current quarter, in addition to the building and equipment expenditures noted above, the Company incurred $469,679 of non-capital costs toward the development of the PozGlass™ pilot plant.  Grant proceeds of $234,182 were recognized in relation to these expenditures, which reduced the cost incurred by the Company.

The Company will continue to invest significantly to finish four capital projects by the end of the current fiscal year which will end on April 30, 2027. The capital projects that are currently underway and are anticipated to be completed by fiscal year end include the following:

PozGlass Phase 2 – Major capex completed by Dec 31, 2026.Lightweight Cat Litter – Installation of line to be completed by Dec 31, 2026.Automated Valve Pack Line – Expected completion by Feb 28, 2027.Fine Grinding Line – Expected completion by Feb 28, 2027.

“I am pleased that Progressive Planet set another quarterly revenue record and still maintained gross margins of 34% despite being faced with major cost increases for trucking due to the rising cost of diesel. We continued to invest significant sums in the PozGlass Pilot Plant. The end is in sight for near term major capital projects,” stated CEO, Steve Harpur.

BDC Pivot to Grow Financing: Subsequent to the end of the quarter, Progressive Planet accepted a letter of offer from the Business Development Bank of Canada (“BDC”) for a $4,000,000 term loan under BDC’s Pivot to Grow Program. Pivot to Grow is part of the Government of Canada’s response to U.S. tariffs and provides financing at preferential rates to help Canadian businesses that export to the U.S. protect cash flow, invest in productivity and equipment, and diversify their markets. The loan will be used to finance equipment purchases for the Company’s capital projects for increased productivity. It bears interest at BDC’s floating base rate less 2.00%, resulting in an initial rate of 4.55% as at the date of the offer, with interest-only payments for the first 24 months followed by a 10-year repayment period.

An earnings call has been scheduled with Radius Research for 1:15 p.m. Pacific on October 6, 2026. Register for our upcoming webinar with Radius Research on October 6, 2026: https://bit.ly/PLAN-webinar

Certain information provided in this news release is extracted from the condensed interim consolidated financial statements (the “Financial Statements”) and Management’s Discussion & Analysis (“MD&A”) of the Company for the three-month period ended July 31, 2026, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the Financial Statements and MD&A that an investor can properly analyze this information. The Financial Statements and MD&A can be found under the Company’s profile on SEDAR+.

This news release contains financial measures not prepared in accordance with IFRS® Accounting Standards. EBITDA and Adjusted EBITDA are non-IFRS financial measures, and gross margin (gross profit divided by revenue) is a supplementary financial measure. These measures do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. The Company’s management believes these measures provide investors with additional information for the analysis of the Company’s results of operations, particularly in evaluating performance from one period to another. The Company’s management uses non-IFRS financial measures to make operating decisions, as they facilitate additional internal comparisons of the Company’s performance to historical results and to competitors’ results. A reconciliation of EBITDA and Adjusted EBITDA to net income, the most directly comparable IFRS measure, is provided in the “Non-IFRS and Other Financial Measures” section of the MD&A, which is incorporated by reference into this news release.

EBITDA: EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortization, is an alternative measure of performance utilized by management to evaluate and analyze the Company’s results. EBITDA is net income (or loss) excluding interest (finance costs), current and deferred income tax expense, amortization and depreciation expense, and depletion expense.

Adjusted EBITDA: Adjusted EBITDA is an alternative measure of performance utilized by management to evaluate and analyze the Company’s results. Adjusted EBITDA is EBITDA excluding non-recurring or irregular revenues and expenses that, in the opinion of management, make the period-over-period comparison of results from operations less meaningful. Specifically, Adjusted EBITDA excludes gains and losses on disposal of property, plant and equipment; gains or losses on investment in a private company; gains or losses on investments in public companies; and gains and losses on modification or settlement of lease liabilities.

About Progressive Planet:

Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.

Our two C-Quester™ Centres of Sustainable Solutions lead advancements in low-carbon cement technologies in both Kamloops, BC and Calgary, Alberta. Progressive Planet’s products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.

Progressive Planet provides regular information for investors on its website:  progressiveplanet.com/investors/. This includes press releases and other information about financial performance, patents filed, and information on corporate governance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

Disclaimer:

This news release, required by Canadian laws, does not constitute an offer of securities and is not for distribution or dissemination outside Canada.

SOURCE Progressive Planet Solutions Inc.

QUANZHOU, China, Sept. 24, 2026 /PRNewswire/ — INLIF LIMITED (Nasdaq: INLF) (together with all its subsidiaries and consolidated entities, the “Company” or “INLIF”), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026.

Mr. Rongjun Xu, Chief Executive Officer of INLIF, remarked, “We are pleased to present our financial results for the first half of fiscal year 2026, which reflect continued growth in both revenue and gross profit compared with the same period in fiscal year 2025. We have also reported net income of approximately $1.01 million in the current period, compared with a net loss of approximately $1.98 million in the same prior period in 2025, an improvement of approximately $3.0 million.

This growth was driven by the expansion of our customer base, rising demand for manipulator arms, and, in particular, sales from our newly launched intelligent equipment business, which generated $3.36 million in revenue and accounted for 25.97% of total revenue during the period, compared with no revenue contribution in the same period last year.

With net revenue increasing by 26.01%, our gross profit grew by 158.77%, while gross profit margin increased from 17.50% to 35.95%. These results reflect the progress of our strategy to expand into the new energy and intelligent equipment sectors and further diversify our business.

To sustain this growth momentum and expand our long-term growth potential, we continued to increase our investments in sales and research and development (‘R&D’), with related expenses increasing by 50.21% and 49.18% year over year, respectively. To support sales growth, we increased performance-based compensation incentives for our sales personnel and expanded spending on sales activities. At the same time, our R&D team more than doubled in size, from 31 to 72 employees, and we continued to invest in the development of industrial robots. While the industrial robots remain in the R&D and product validation stages, we believe they represent an important area of future development for the Company.

Alongside increased investments in sales, technology, and new product development, we maintained disciplined cost management across the organization. As a result, general and administrative expenses decreased by 34.42%, primarily reflecting the absence of one-time share-based compensation granted to three key administrative employees in the prior-year period. This reduction underscores our continued focus on maintaining operating efficiency while selectively investing in areas that support long-term growth.

During the period, we also completed a PIPE offering and established an At-the-Market program to help support our operational and expansion needs. We believe these additional capital resources provide a solid foundation to support our business development for the foreseeable future. Moving forward, we will focus on strengthening our technological innovation and organic growth capabilities in an efficient and disciplined manner, while continuing to expand and consolidate our new business initiatives.”

First Half of Fiscal Year 2026 Financial Highlights

Net revenue was $12.94 million for the first half of fiscal year 2026, representing an increase of 26.01% from $10.27 million for the same period of last year.Gross profit was $4.65 million for the first half of fiscal year 2026, representing an increase of 158.77% from $1.80 million for the same period of last year.Gross profit margin increased to 35.95% for the first half of fiscal year 2026, from 17.50% for the same period of last year.Net income was $1.01 million for the first half of fiscal year 2026, compared to a net loss of $1.98 million for the same period of last year.Basic and diluted earnings per share were $10.01 for the first half of fiscal year 2026, compared to basic and diluted loss per share of $427.48 for the same period of last year.

First Half of Fiscal Year 2026 Financial Results

Net Revenue

Net revenue was $12.94 million for the first half of fiscal year 2026, representing an increase of 26.01% from $10.27 million for the same period of last year. The increase was primarily attributable to (i) an increase in sales of manipulator arms, including installation and warranty services, by approximately $0.60 million, mainly due to higher purchase volumes from certain existing customers and contributions from newly acquired customers; (ii) an increase in sales of accessories by approximately $0.01 million, which remained relatively stable compared with the prior-year period; and (iii) sales of intelligent equipment of approximately $3.36 million, primarily used in the new energy sector, driven by customers’ needs for new production lines, capacity expansion and automation upgrades. These increases were partially offset by (iv) a decrease in sales of raw materials and scraps of approximately $1.27 million, primarily due to the Company’s adoption of a more demand-driven procurement approach, lower customer demand for certain raw materials, and enhanced production and inventory controls that reduced the volume of scraps generated; and (v) a decrease in installation service revenue of approximately $0.03 million, primarily due to lower installation volumes, shorter installation time for certain products, and an increasing number of customers performing installation using their own personnel or requiring only limited technical assistance from the Company.

Sales of manipulator arms and installation and warranty services were $4.97 million for the first half of fiscal year 2026, representing an increase of 13.74% from $4.37 million for the same period of last year.Sales of accessories were $0.40 million for the first half of fiscal year 2026, representing an increase of 3.04% from $0.39 million for the same period of last year.Sales of raw materials and scraps were $4.20 million for the first half of fiscal year 2026, compared to $5.47 million for the same period of last year.Sales of installation services were $6,528 for the first half of fiscal year 2026, compared to $41,523 for the same period of last year.Sales of intelligent equipment were $3.36 million for the first half of fiscal year 2026, compared to nil for the same period of last year.

Cost of Revenue

Cost of revenue was $8.29 million for the first half of fiscal year 2026, representing a decrease of 2.16% from $8.47 million for the same period of last year. The decrease was primarily attributable to a significant reduction in the cost of raw materials sold, partially offset by costs associated with the Company’s newly developed intelligent equipment business and higher costs of accessories.

Gross Profit and Gross Profit Margin

Gross profit was $4.65 million for the first half of fiscal year 2026, representing an increase of 158.77% from $1.80 million for the same period of last year. The increase was mainly due to (i) an increase in gross profit from sales of manipulator arms, including installation and warranty services, by approximately $0.46 million; (ii) an increase in gross profit from sales of raw materials and scraps by approximately $1.99 million; (iii) an increase in gross profit from sales of intelligent equipment by approximately $0.64 million; and (iv) offset by a decrease in gross profit from sales of accessories and installation services by approximately $0.21 million and $0.03 million, respectively.

Gross profit margin increased to 35.95% for the first half of fiscal year 2026, from 17.50% for the same period of last year.

Operating Expenses

Operating expenses were $3.53 million for the first half of fiscal year 2026, representing a decrease of 8.73% from $3.87 million for the same period of last year.

Selling expenses were $0.62 million for the first half of fiscal year 2026, representing an increase of 50.21% from $0.41 million for the same period of last year. The increase was mainly due to (i) an increase of approximately $0.10 million in salaries and benefits, primarily due to higher performance-based compensation for sales personnel as the Company’s revenue increased; (ii) an increase of approximately $0.02 million in business entertainment expenses, mainly due to increased customer visits and related business development activities; (iii) an increase of approximately $0.03 million in traveling expenses, primarily due to more frequent business trips by the Company’s sales personnel to support the expansion of the Company’s sales activities; and (iv) an increase of approximately $0.06 million in transportation expenses, mainly due to higher customer-related transportation costs associated with the increase in sales.General and administrative expenses were $1.76 million for the first half of fiscal year 2026, representing a decrease of 34.42% from $2.68 million for the same period of last year. The decrease was mainly due to a decrease of approximately $1.63 million in share-based compensation expenses, primarily because equity incentives were granted to three key administrative employees during the first half of 2025, while no comparable grants were made during the first half of 2026.Research and development expenses were $1.15 million for the first half of fiscal year 2026, representing an increase of 49.18% from $0.77 million for the same period of last year. The increase was primarily attributable to the expansion of the Company’s research and development team, with headcount increasing from 31 in June 2025 to 72 in June 2026, resulting in higher personnel costs. The Company also continued to invest in the development of industrial robots, which remained in the research, development and product validation stage during the period.

Net Income (Loss)

Net income was $1.01 million for the first half of fiscal year 2026, compared to a net loss of $1.98 million for the same period of last year.

Basic and Diluted Earnings (Loss) per Share

Basic and diluted earnings per share were $10.01 for the first half of fiscal year 2026, compared to basic and diluted loss per share of $427.48 for the same period of last year.

Financial Condition

As of June 30, 2026, the Company had cash and cash equivalents of $45.47 million, compared to $6.72 million as of December 31, 2025. The Company’s principal sources of liquidity during the six months ended June 30, 2026 were proceeds from its PIPE and ATM offerings, together with bank borrowings and other financing sources.

Net cash used in operating activities was $3.27 million for the first half of fiscal year 2026, compared to $2.94 million for the same period of last year.

Net cash used in investing activities was $14.88 million for the first half of fiscal year 2026, compared to $5.02 million for the same period of last year.

Net cash provided by financing activities was $56.25 million for the first half of fiscal year 2026, compared to $6.91 million for the same period of last year.

About INLIF LIMITED

INLIF is a holding company and an exempted company incorporated in the Cayman Islands with limited liability. Through its operating entity in the People’s Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. It has also built experience in industrial automation solutions, including in the new energy sector, as well as intelligent robotics in recent years. For more information, please visit the Company’s website: https://ir.yiwate88.com/.

Forward-Looking Statements

Statements in this announcement with respect to the Company’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of the Company. These forward-looking statements are made under the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “approximate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. The Company cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission, which are available for review at  www.sec.gov. Therefore, investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those set forth in the forward-looking statements.

All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For investor and media inquiries, please contact:

INLIF LIMITED
Investor Relations Department
Email: ir@yiwate88.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE INLIF LIMITED

Stockholder approval marks important milestone toward completion of transaction

MCLEAN, Va. and LONG BEACH, Calif., Sept. 24, 2026 /PRNewswire/ — Iridium Communications Inc. (Nasdaq: IRDM) (“Iridium” or the “Company”), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, and Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab”), a global leader in launch and space systems, today announced that Iridium stockholders have adopted the previously announced Agreement and Plan of Merger under which Rocket Lab will acquire Iridium.

Based on the results of the special meeting of Iridium stockholders held today, approximately 99.6% of the votes cast were voted in favor of the transaction, representing approximately 81.0% of Iridium’s outstanding shares of common stock entitled to vote. Complete voting results will be reported in a Current Report on Form 8-K to be filed by Iridium with the U.S. Securities and Exchange Commission.

“We appreciate the strong support of our stockholders for this transaction and the bright future we are building with Rocket Lab,” said Matt Desch, CEO, Iridium. “Today’s vote is an important milestone toward bringing together two companies with complementary capabilities, a shared commitment to innovation, and deep experience supporting some of the world’s most critical missions. We look forward to completing the transaction and entering this exciting next chapter with Rocket Lab.”

“Today’s vote is an important milestone in bringing together Rocket Lab and Iridium to create a next generation space powerhouse,” said Sir Peter Beck, Rocket Lab Founder and CEO. “We’re grateful to have the strong support of Iridium’s shareholders in this important step, bringing us closer to combining Iridium’s trusted global network, spectrum and decades of operating experience with Rocket Lab’s extensive launch and space systems capabilities to unlock a new era of space applications. We’re excited about what we can build together for customers, governments and millions of people around the world once the transaction closes.”

Under the terms of the transaction, Iridium stockholders will receive $27.00 in cash and a number of shares of Rocket Lab common stock calculated pursuant to an exchange ratio, subject to a collar, for each share of Iridium common stock outstanding at closing. The transaction has a notional value of $54.00 per share of Iridium common stock.

The transaction is expected to be completed by mid-2027, subject to the remaining required regulatory approvals and the satisfaction of other customary closing conditions.

For more information about Iridium visit www.iridium.com

For more information about Rocket Lab visit www.rocketlabcorp.com

About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world’s only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world’s only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.

Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.

About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.

Cautionary Note Regarding Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the federal securities laws. These forward-looking statements are based on Rocket Lab’s and Iridium’s current expectations, estimates and projections about the proposed transaction and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Rocket Lab and Iridium, all of which are subject to change. In this context, forward-looking statements often address expected future events, including future business and financial performance and financial condition. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof, expectations regarding regulatory approvals, and intentions with respect to financing the transaction. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction on anticipated terms and timing, or at all, including obtaining regulatory approvals and satisfying other conditions to the completion of the transaction; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (iii) failure to realize the anticipated benefits of the proposed transaction on a timely basis or at all, including anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, the integration of the businesses of Rocket Lab and Iridium, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of Rocket Lab’s and Iridium’s businesses; (iv) Rocket Lab’s and Iridium’s ability to implement their business strategies; (v) potential litigation relating to the proposed transaction that could be instituted against Rocket Lab, Iridium or their respective directors, managers, or officers, including the effects of any outcomes related thereto; (vi) the risk that disruptions from the proposed transaction will harm Rocket Lab’s or Iridium’s businesses, including current plans and operations, or will otherwise divert management time from ongoing business operations on transaction-related issues; (vii) the ability of Rocket Lab or Iridium to retain and hire key personnel; (viii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; (ix) fluctuations in, and uncertainty as to the long-term value of, Rocket Lab or Iridium common stock (including as relating to the risk that any announcements related to the proposed transaction could have adverse effects on the market price of such stock); (x) legislative, regulatory and economic developments affecting Rocket Lab’s and Iridium’s businesses, including actions by government agencies and third parties; (xi) general economic and market developments and conditions, potential changes to international trade relations, geopolitical conflicts and effects from global pandemics, epidemics, or other public health crises; (xii) the evolving legal, regulatory and tax regimes under which Rocket Lab and Iridium operate; (xiii) restrictions during the pendency of the proposed transaction that may impact Rocket Lab’s or Iridium’s ability to pursue certain business opportunities or strategic transactions; (xiv) unexpected costs, charges or expenses resulting from the proposed transaction; (xv) risks that any debt or other financing anticipated in connection with the proposed transaction is not obtained or that such financing cannot be obtained on the anticipated timing or terms or unexpected costs or expenses in connection therewith; and (xvi) the other risks and uncertainties, as described in the periodic reports that Rocket Lab and Iridium file with the U.S. Securities and Exchange Commission (“SEC”). These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the definitive proxy statement/final prospectus filed with the SEC on August 26, 2026 in connection with the proposed transaction. Neither Rocket Lab nor Iridium assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Forward-looking statements included in this communication are made as of the date of this communication.

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SOURCE Iridium Communications Inc.