Astroscale Holdings Inc. announced that the company's Japanese subsidiary, Astroscale Japan Inc. (?ASJP?), has entered into the second-year contract for the ?REFLEX-J? project, for which ASJP received a formal award as announced in the company's disclosure dated September 1, 2025, titled ?(Update on Disclosed Matter) Notice Regarding the Official Award of the Contract for Research and Development of Refueling Technology for Satellites (Satellite Name: REFLEX-J) under the K Program at the company's Japanese Subsidiary?. The contract amount is JPY 3,060 million. Please note that there is no change to the total budget.
Contracting Agency: Japan Science and Technology Agency (JST) R&D Concept: Refueling Technology Contributing to Satellite Life Extension Funding Category: Establishment of Refueling Technology in Space for Cooperative Satellites R&D Theme: Development of Japanese chemical refueling technology with potential application to multiple orbits, electric propulsion, and international markets Project Name: REFLEX-J Service: LEX (Life extension and refueling services) Total Budget: JPY 10,800 million (excluding tax) Project Duration: In principle, within 5 years (60 months) from the start of R&D Contract Amount (This contract): JPY 3,060 million (excluding tax) Contract Period: From April 2026 through March 2027 The first-year contract amount (contract period September 1, 2025 to March 31, 2026) is JPY 1,060 million. The agreement was executed on April 1, 2026. This disclosure is being released promptly following the receipt of disclosure authorization from JST later that same day.
This project has been included in the assumptions for the company's consolidated financial forecast for the fiscal year ending April 2026.
