07/01/2026
SOLSTAR SPACE ANNOUNCES STRATEGIC INVESTMENT OF US$1 MILLION FROM ENCORE TECHNOLOGIES
Santa Fe, New Mexico – July 01, 2026 – Solstar Space Company ("Solstar") is pleased to announce that it has entered into a binding term sheet with Encore Technologies Corp. (“Encore”) (CSE:ENCR) pursuant to which Encore intends to make a strategic investment of US$1.0 million in Solstar (the "Investment"), subject to the ex*****on of definitive documentation.
Solstar develops communications infrastructure and connectivity solutions for the emerging space economy. Solstar’s Deke Space Communicator is currently operating successfully on-orbit on the Momentus Vigoride 7 mission launched by SpaceX Falcon 9 in March 2026. Co-passengers on the mission include NASA, DARPA, and a commercial space data center operator, all of which are using the Deke service. This mission represents a significant technical and commercial milestone for the company and an important step toward commercial deployment. Encore’s investment will provide it with exposure to the high-growth space economy.
Transaction Highlights
Binding term sheet executed for a proposed US$1.0 million strategic investment in Solstar through a convertible loan.
Solstar develops communications infrastructure designed to enable persistent connectivity between spacecraft, operators, and future space-based and Lunar infrastructure.
Solstar’s Deke Space Communicator successfully operating on-orbit aboard the Momentus Vigoride 7 mission launched by SpaceX Falcon 9 in March 2026.
Solstar believes the next 24 months will be a critical period in its evolution into a foundational communications platform for the emerging space economy.
Solstar and Encore intend to explore future opportunities to integrate Solstar's communications capabilities with Encore's broader intelligent infrastructure initiatives.
Management Commentary
Brian Barnett, Chief Executive Officer of Solstar, commented:
"We are pleased to welcome Encore as a strategic investor at an important stage in Solstar's growth. With our Deke communications technology now successfully operating on-orbit, our focus shifts toward expanding our customer adoption, advancing our technology roadmap, and pursuing new opportunities, commercial and government, in Earth orbit and on the Moon. We believe the coming years represent a significant opportunity to establish communications infrastructure that supports the next generation of space operations. We also look forward to exploring potential areas of collaboration with Encore as both companies pursue innovative approaches to connectivity and infrastructure."
Stephen Kukucha, Chief Executive Officer of Encore, added:
"We believe Solstar is developing technologies that address a growing need for persistent connectivity across commercial, civil, and government space applications. As the space economy continues to mature, communications infrastructure has the potential to become a foundational layer of future space-based operations, which aligns closely with our broader vision of intelligent infrastructure and connectivity. We are excited to support the company's continued growth as stakeholders and explore future opportunities for collaboration."
Proposed Investment
The parties have entered into a binding term sheet outlining the principal terms of the proposed Investment. Completion of the Investment remains subject to the successful ex*****on of definitive documentation, receipt of required regulatory approvals, and satisfaction of customary closing conditions.
About Solstar Space Company
Solstar is a U.S.-based communications infrastructure company developing connectivity solutions for the rapidly growing space economy. The Company is focused on enabling on-demand communications for spacecraft, commercial space operators, government agencies and future space-based infrastructure through a combination of communications hardware, software and communications services. Solstar's Deke Space Communicator is currently operating on-orbit, supporting the Company's mission of extending connectivity beyond traditional terrestrial networks.
For further information contact:
Brian Barnett
Chief Executive Officer
T: +1 505 389 2299
Caution Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes statements regarding, the proposed Financing, the proposed Investment, the ex*****on of definitive agreements, the use of proceeds, anticipated strategic benefits, potential future collaboration opportunities between Encore and Solstar, the completion of the transactions described herein, and other statements that are not historical facts. Forward-looking information is generally identified by words such as “expects,” “intends,” “anticipates,” “believes,” “plans,” “estimates,” “may,” “could,” “would,” “should,” and similar expressions. Forward-looking information reflects management’s current beliefs and assumptions and is subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied, including: the failure to obtain required regulatory approvals; the failure to complete the Financing or the Investment on the terms described or at all; changes in market conditions; the early stage of Solstar's technology and business; risks inherent in the space industry; and general economic, market or business conditions. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise forward-looking information except as required by applicable law.
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this news release.
