ATLAS Space Operations Relocating to Traverse City

TRAVERSE CITY: ATLAS Space Operations Inc., the U.S. leader in cloud-based satellite management and control services, announced earlier today its acquisition of lead funding from Boomerang Catapult LLC. Additionally, ATLAS will be relocating its operations to Traverse City, Michigan from Encinitas, California. This keystone investment by Boomerang comes ahead of ATLAS’ issuance of preferred stock planned for later this year.

“We’re excited to come to Traverse City, and we’re pleased that Boomerang shares our vision for Traverse City as the next hub for space industry operations in the US,” said Sean McDaniel, CEO for ATLAS. “We’ve received an energetic welcome by the community, particularly from Grand Traverse County Community Development office and the Michigan Economic Development Corporation.”

ATLAS is working with the Economic Development Corporation of Grand Traverse County to find a suitable, long term location. In the interim, ATLAS is pleased to locate its staff at Startology, the new tech incubator scheduled to open in Traverse City in June.

Russ Schindler, Chairman of Startology, commented “We are delighted ATLAS has decided to locate its operations in Startology’s offices at 160 E. State Street, which many know as the Old City Hall building. ATLAS – and the space sector – are examples of the technology-related businesses we hope to foster through our work.”

Casey Cowell, principal for Boomerang and senior member of the investment team, said “We’re looking forward to supporting ATLAS as it grows to become the global leader in satellite ground services.” On the ATLAS relocation, Mr. Cowell remarked “This is a major step in Traverse City’s growth as a tech hub. ATLAS is a great example of a technology-based company looking to take advantage of the wealth of engineering skills located in the area.”

About ATLAS Space Operations, Inc.
ATLAS Space Operations, Inc. is a state-of-the-art satellite command and control company that maximizes the limits of cutting edge technologies to provide customers with cost-effective cloud-based solutions, and unfettered access to its integrated, global network of dedicated antennae. Follow @AtlasSpace on Twitter or for more information visit our website.

—Press release by ATLAS Space Operations, Inc.

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