Nanosatellite Startup Nara Space Passes Tech Special Listing Evaluation

## NARA Space Breaks Through First Hurdle for KOSDAQ Listing with Micro-satellite Technology! NARA Space Technology (hereinafter NARA Space), a leader in micro-satellite technology, has successfully passed a critical gateway for KOSDAQ technology special listing, drawing significant attention from the space industry. The company successfully cleared the technical evaluation, which rigorously assesses innovative technological capabilities and business growth potential. This evaluation is a mandatory gateway for technology special listing, requiring a rating of A and BBB or higher from two professional institutions for successful passage. NARA Space met these stringent criteria, officially proving its unparalleled technological prowess. NARA Space provides a unique comprehensive solution covering the entire process from micro-satellite development to launch and high-resolution satellite image analysis. The company has contributed to the advancement of domestic space technology through collaborations with leading Korean space institutions such as the Korea Aerospace Research Institute and the Korea Astronomy and Space Science Institute. Notably, in November 2023, it demonstrated its technological capabilities by successfully developing and operating Korea's first commercial micro earth observation satellite, 'Observer 1A'. This satellite was utilized in January for analyzing the damage from the large wildfires in Los Angeles, USA, showcasing its disaster response capabilities. It is also generating excellent results in a wide range of fields, including climate crisis monitoring and customized image analysis for both private and public sectors. This is regarded as the highest level of operational performance among domestically developed micro-satellites. Its competitiveness on the global stage has also already been recognized. Last year, NARA Space was named one of the 'Top 10 Small Satellite Companies to Watch' by 'Via Satellite', a prominent specialized magazine in the satellite sector. It was also selected among the 'Top 100 Promising Climate Tech Startups' by the Indo-Pacific Economic Framework (IPEF), solidifying its position as a key player in the future space economy. Park Jae-pil, CEO of NARA Space, expressed his pride regarding the successful evaluation, stating, "We are very proud to have our company's competitiveness officially recognized at a time when the criteria for technology special listing are becoming stricter." He added, "Based on NARA Space's unparalleled micro-satellite technology, we will continuously create innovative achievements in the global space market." NARA Space will now collaborate with its listing underwriter, Samsung Securities, to proceed with the final stages, aiming for a KOSDAQ listing in the second half of this year.