Satellogic appoints Jamil Kawar as Senior Vice President, Space Systems. * 4 hrs ago NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) - Satellogic, Inc. (NASDAQ: SATL), the infrastructure company for Persistent Global Intelligence, today announced that Jamil Kawar has joined the company as Senior Vice President, Space Systems. In this role, Kawar will join Satellogic's Space Systems sales team, working with governments and commercial partners worldwide to deliver sovereign satellite constellations and mission-critical space infrastructure. Kawar's appointment comes as governments around the world increasingly seek to own and operate their own satellite capabilities rather than rely solely on tasking-based access to imagery. Satellogic's Space Systems offering, built on the same technology and manufacturing base that powers its own constellation, allows nations and organizations to stand up independent, sovereign Earth Observation capabilities with superior unit economics and at unprecedented speed. "Jamil brings a rare combination of regional relationships, commercial discipline, and deep technical fluency in space systems and satellite sales," said Emiliano Kargieman, CEO and Co-Founder of Satellogic. "Governments are moving to secure sovereign space capabilities at an increasing pace. Jamil's experience closing complex, high-stakes programs across the Middle East, Europe, and beyond will be instrumental in scaling our Space Systems business to meet that demand." Kawar joins Satellogic with more than two decades of experience across the aerospace, defense, and space domains, with particular depth in the Middle East and North Africa (MENA) region. He most recently served as Senior Vice President, International Satellite Sales at BlackSky, where he led international satellite sales across space-based intelligence, defense, and space systems. Prior to BlackSky, Kawar spent nearly seven years at ICEYE, where he held a series of progressively senior roles including Vice President, Space Missions, MENA; Head of Space Systems Sales, MENA; Director, Global Sales; and Regional Director, MENA - helping build ICEYE's synthetic aperture radar (SAR) business from the ground up in the region. Earlier in his career, Kawar served as Business Development Manager for the Defence Business Unit at Wincanton and as Senior Business Development Manager at Prenax Ltd. He also spent 17 years as Director of Business Development at AMAN Management Consultancy Co. Ltd. in Amman, Jordan, and the UK, and founded and led K5 Global Ltd, a business intelligence consultancy. Kawar is based in Dubai, United Arab Emirates. "Governments and defense organizations are no longer content to simply buy imagery, they want to own the means of production," said Kawar. "Satellogic has built exactly the kind of vertically-integrated, cost-efficient platform that makes sovereign satellite programs achievable for a much broader set of customers. I'm excited to help partners around the world stand up their own space capabilities and to be part of a team that is redefining what's possible in Earth Observation and persistent global intelligence." About Satellogic Founded in 2010, Satellogic (NASDAQ: SATL) builds the infrastructure for Persistent Global Intelligence (PGI): continuous, proactive awareness of the places, assets, and activities that matter. The company combines high-cadence satellite collection, best-in-class technology, AI-accelerated workflows, and sovereign-trusted architecture to help customers move from episodic imagery to persistent monitoring programs. Satellogic serves allied defense and intelligence agencies, civil governments, and commercial markets that need reliable, scalable awareness of change across large portfolios of sites. Customers can begin with discovery, expand into persistent monitoring, and build toward dedicated or sovereign-controlled capacity as their mission requirements grow. To learn more, please visit: https://www.satellogic.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intends", "may", "might", "plan", "possible", "potential", "predict", "project", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic's current expectations and beliefs concerning future developments and their potential effects on Satellogic. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of Satellogic's Annual Report on Form 10-K and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations. Investor Relations: Media Relations:

· ICEYE, headquartered in Finland since 2014, owns and operates the world's largest synthetic aperture radar satellite constellation · The funding round – which was co-led by the Scaleup Europe Fund – included €450 million of primary proceeds from Series F at a valuation exceeding €10 billion · The investment demonstrates strong early momentum for the Scaleup Europe Fund – which has a €5 billion target size – as it begins backing Europe's most promising technology companies and works to bridge the continent’s scaleup funding gap

Finland's ICEYE raises €1 billion at over €10 billion valuation to expand its radar satellite network. Finnish space-tech startup ICEYE has raised €1 billion in new financing, pushing its valuation above €10 billion as demand grows for satellite-based intelligence that can see through clouds and operate day or night. The financing includes €450 million in primary Series F proceeds and was co-led by EQT's Scaleup Europe Fund, which made ICEYE its first investment. The broader €1 billion financing marks another milestone for a company that grew out of a university research project and has since built one of the largest synthetic aperture radar satellite constellations in operation. For ICEYE, the new capital arrives as governments across Europe rethink how much of their intelligence, surveillance and Earth observation infrastructure they want to control themselves. Founded in 2014 in Espoo, Finland, by Pekka Laurila and Rafał Modrzewski after emerging from research at Aalto University, ICEYE set out to make radar-based Earth observation cheaper and more accessible using small satellites. That technology is what separates ICEYE from conventional optical satellite imagery. TechStartups first covered ICEYE in 2018 when the Finland-based synthetic aperture radar (SAR) startup raised $34 million in Series B funding led by returning investor True Ventures, with backing from Draper Network VC funds and existing investors. At the time, ICEYE was still proving that small satellites equipped with SAR technology could provide reliable Earth observation data at a fraction of the size and cost associated with traditional radar satellites. Years later, that early bet has grown into something much bigger. ICEYE now operates one of the world's largest SAR satellite constellations, provides sovereign satellite systems to seven European governments, and has raised €1 billion at a valuation exceeding €10 billion. Optical Earth observation satellites rely on reflected light and can struggle when clouds obscure the surface. Synthetic aperture radar, or SAR, uses microwave radar signals to observe the Earth, allowing satellites to collect imagery through cloud cover and in darkness. That makes SAR particularly useful for monitoring floods, maritime activity, infrastructure, natural disasters and areas where persistent observation matters. ICEYE demonstrated its approach early with a microsatellite SAR system, helping show that radar imaging capabilities once associated with much larger and more expensive satellites could be packed into smaller spacecraft. A little more than a decade after its founding, ICEYE says it now owns and operates one of the world's largest and most advanced SAR satellite constellations. From university research to sovereign intelligence. ICEYE's business has grown far beyond its early focus on commercial Earth observation and maritime applications. The company now provides end-to-end sovereign satellite systems to seven European governments. Its European operations span Finland, Poland, Spain and Greece, with newer entities established in Germany and Portugal. Poland offers a glimpse at where ICEYE sees the opportunity. The company recently delivered what it describes as a fully operational sovereign satellite capability to the country less than 12 months after the contract was signed. That shift from selling satellite imagery to providing governments with their own space-based intelligence capabilities puts ICEYE at the intersection of commercial space and national security. "Our first investment reflects exactly what the Scaleup Europe Fund was created to support: ambitious European founders building globally competitive companies in strategically important technologies. ICEYE has already established itself as a category leader, and we're excited to partner with Rafał and the team as they continue scaling from Europe to the world," Victor Englesson, Partner at EQT and Co-Head of the Scaleup Europe Fund, said. Europe wants its technology champions to stay European. The investment carries significance beyond ICEYE. EQT's Scaleup Europe Fund is targeting €5 billion and was created to address a persistent problem for European technology companies: finding enough growth capital at home once they reach the scale where funding rounds can run into hundreds of millions of euros. The fund plans to back European companies working across artificial intelligence, quantum computing, dual-use technologies, clean energy, space, biotech and medical innovation. ICEYE fits squarely into that strategy. Its technology has commercial applications, yet its growing role in sovereign intelligence gives the company strategic importance at a time when Europe is seeking greater control over critical technologies. "When Europe invests in its innovators, Europe invests in its future. This is the goal of our Scaleup Europe Fund: it will ensure our scale-ups can find what they need right here in Europe to grow into world-leading companies. To turn European innovation into our competitive edge," European Commission President Ursula von der Leyen said. For ICEYE CEO Modrzewski, the funding brings the company's story back to its European roots. "Europe has the talent, technology and ambition to build globally leading companies in strategically important industries. Our own journey reflects that. My co-founder Pekka Laurila and I met as students on an Erasmus exchange, received our first funding through Horizon 2020, and we are grateful for the European Commission's role in initiating the Scaleup Europe Fund. We are pleased to welcome EQT as a long-term partner through the fund, as we continue to expand our sovereign intelligence capabilities from Europe for customers across Europe and globally," he said. ICEYE began with an ambitious idea: put synthetic aperture radar aboard small commercial satellites and make Earth observation more accessible. Twelve years later, the company is valued at more than €10 billion, operates a massive radar satellite constellation and supplies sovereign space capabilities to European governments. The financing still requires customary regulatory approvals and other closing conditions.