Page 9 - Memoria 2021

Informe Anual 2022 | Annual Report 2022

Naturally, the essential support provided by the Ministry of the European Defense Fund of the EDIPP program, the
industry, Commerce and Tourism in its financing has been Pioneer Project and the supplying of PAZ satellite data and
carried out without difficulty, with the loan being adjusted services to the European Union’s satellite center SATCEN,
to the schedule. As I have mentioned before, this is a great and with this I would like to recognize the effort made in
achievement by the companies involved and Hisdesat. terms of raising awareness of our capabilities.

Regarding the interim period between generations of Hisdesat, in accordance with what has been published,
the satellites SpainSat and SpainSat NG, after discarding presented two business driver programs (PERTES) in
the possibility of offering a life extension support to the coordination with the Ministry of Defense before the
existing capacity with a space drone for the ministry of Ministry of Industry, Commerce and Tourism: one on the
Defense due to unavailability during the required dates, PAZ II satellite and another on the high performance
the two existing operational satellites continue serving optical satellite, both of dual use. We have also participated
their purpose, without any noteworthy consequences in in the second International Defense and Security Fair
their operation in spite of having exceeded their service (FEINDEF) in Madrid.
life and XTAR in an inclined orbit.
It is important to note that collaboration is ongoing with
In Earth Obervation, the PAZ satellite has 100% fulfilled our main shareholder Hispasat, seeking to take mutual
its job for MINISDEF in terms of quantity and quality, advantage of the capabilities of both, material as well as
acknowledging some delays on specific occasions due to organic, to open markets and which is bearing its fruits.
sporadic issues in the Ground Segment which have been In 2021, Hisdesat continued with its Good Practices and
decreasing in frequency. In general terms, we are complying Corporate Governance model, adapting its working
with the business plan and we have noticed that there is processes to the Risk Control and Monitoring System, the
a wide margin for acquiring new customers. Because of Internal Control of Financial Information System and the
its importance, worth noting are the collaborations with Crime Prevention Manual, all of these audited twice a year
EMSA, which have been well coordinated and supported with excellent results. We also upheld the requirements
by units from the ministry of Defense. in terms of quality management, environmental
management and information security management with
In this area we have also cooperated with the Joint the corresponding ISOs.
Defense Chief of Staff and other agencies involved in
defining PAZ 2, with the Chief of Staff requirements And to conclude, I would like to mention that our company,
document specifying the required capabilities being as it should, is sensitive to extraordinary human situations
completed in June. Likewise, we have collaborated with and therefore, this year we have supported Copernicus
the Weapons and Materials Office in developing parts of via the PAZ satellite to provide images of the volcanic
the viability document. eruption in La Palma.

Investee company Xtar Llc has acted according to budget, Lastly, as Chairman of the Board of Directors and due to
noting that it is satisfactorily operating as a reseller of the “great jobs” that have been carried out, I would like
Hisdesat in the US market, with a significant extension to extend a “BRAVO ZULU” to all the women and men
of the contracts held with the US Navy. Regarding of Hisdesat. Once again, I remain at the disposal of all
exactEarth, the sale of the package of shares to company shareholders and reiterate the honor and satisfaction that
Spire was authorized. This transaction was very beneficial the position and your trust makes me feel.
for Hisdesat as it is a company with which it has several
contracts in place.

As far as the European Union and NATO, as in previous Yours sincerely
years, we continue collaborating with the Weapons and Santiago Bolíbar Piñeiro
Materials Office on initiatives related with GOVSATCOM. Chairman of the Board of Directors of Hisdesat
The increase in agreements and contracts inside Europe
has been important, in a large measure due to the
capabilities of PAZ. I am citing some examples such as
the awarding of one of the sixteen projects selected by

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