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PORTCO PROGRESS X-Bow Systems Inc. has completed the preliminary design review of its solid-fuel hypersonic booster rocket engine! The completion of this marks the second major technical review for the program, demonstrating design maturity and reduced risk for critical technologies. “It’s exciting to see the character of our motor designs emerge during this process...” X-Bow Chairman Mark Kaufman We continue to be incredibly proud of the grit, leadership, steady and consistent progress of Jason Hundley and Maureen Gannon. Congratulations on another milestone! Cc: SCHOOLHOUSE, Crosslink Capital, Razor's Edge Ventures, Lockheed Martin

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Andrew Bartholomew

Investor | Marine | Ex-Evercore, Fortress

2mo

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