UPDATES

RECENT NEWS

PHASE FOUR ANNOUNCES NEW ELECTRIC THRUSTERS, SUBSCRIPTION PROGRAM

Phase Four announced June 16 two new electric propulsion systems that offer performance and other improvements, along with a subscription service that offers those thrusters to customers at a discount.

PHASE FOUR RAISES $26M SERIES B LED BY NEW SCIENCE VENTURES

Phase Four, the creator of the radio-frequency thruster for satellite propulsion, announced today that it has closed a Series B investment round of $26 million. The round was led by New Science Ventures LLC (“NSV”), a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value.

PHASE FOUR WINS AIR FORCE CONTRACT FOR ELECTRIC THRUSTER DEVELOPMENT

Phase Four announced April 8 it received a $750,000 Phase 2 Small Business Innovation Research (SBIR) award from the U.S. Air Force’s AFWERX program to test using iodine as a propellant in the company’s Maxwell electric thrusters. The award will fund work on a prototype version of that thruster.

PHASE FOUR LAUNCHES FIRST PLASMA PROPULSION SYSTEMS

Phase Four announces it flew its first plasma thrusters on two spacecraft that were part of a SpaceX dedicated rideshare launch Jan. 24.

PHASE FOUR INKS PARTNERSHIP WITH MARUBENI

Marubeni will be an exclusive representative of Phase Four’s Maxwell engines in Japan. In addition, Marubeni will represent Phase Four is strategic markets around the world to meet the needs of next generation spacecraft.

PHASE FOUR WINS AFWERX PHASE I SBIR AWARD

Phase Four will work with the Air Force to adapt its revolutionary Maxwell in-space propulsion system to meet the needs of defense users.