Ovzon is announcing that the Ovzon 3 satellite launch will be delayed and is planned to be launched in the second half of 2022. The rescheduling is due to continued insufficiencies and delivery of key components affecting the completion of Ovzon 3 and of a large number of other satellites in the industry. The rescheduling will not affect Ovzon's current business and deliveries to current and new customers as the company has already strategically secured leased satellite capacity for Ovzon's expanding SATCOM-as-a-Service offering.