Maritime Launch Services has assigned Philip Jones as its new Chief Financial Officer (CFO), replacing Keith Abriel.

“Since I was a child I’ve been captivated by space programs and now I have the opportunity to be involved firsthand in this great endeavor as we advance Canada’s participation from right here in Nova Scotia,” said Jones in a LinkedIn post.

The title isn’t new territory for Jones—before Maritime Launch Services, Jones held the title of CFO in a handful of companies in the telecommunications industry, most recently at TeraGo for 1 year and 10 months, according to his LinkedIn profile.

Per the Business Wire press release, Jones brings over 27 years in the financial sector in both public and private corporations, which should bode well with his new role as Maritime Launch Services continues to collaborate with the Canadian government.

“Philip’s arrival comes at a critical juncture for Maritime Launch as we gear up for the operational phase of Spaceport Nova Scotia,” said Stephen Matier, President and CEO.

Throughout his career, Jones has raised ~ $180 million in debt and equity financing, with a demonstrated track record of success in corporate strategy, risk, and investor relations. Again, this bodes well with MLS as they continue to acquire funding through their publicly available stocks, $MAXQ & $MAXQF.

 “Philip’s proven proficiency in raising capital, through both debt and equity in various corporate settings, aligns perfectly with our expansion plans and the financial agility that is required for our next phase of growth. Philip’s experience will be fundamental to ensuring financial health and operational excellence for Maritime Launch,” added Matier.

Expansion plans indeed—during an Emerging Growth Conference webinar February 8, 2024, Matier laid out MLS’ plans for the next two years, which include a company-first suborbital launch in 2024 and an orbital launch in 2025.

Watch the full presentation below on X, or click “show more” to read a summary.

"𝗥𝗲𝗮𝗰𝗵 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗼𝗿𝗯𝗶𝘁𝘀 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝗳𝗿𝗼𝗺 𝗡𝗼𝘃𝗮 𝗦𝗰𝗼𝘁𝗶𝗮" 🚀🇨🇦

Here's Maritime Launch Services' President & CEO Stephen Matier presenting the latest updates on Spaceport Nova Scotia

🚀 MLS is aiming to launch their first suborbital launch in 2024,… pic.twitter.com/04eI5Dibqc

— rory 🍁 (@rory_mg) February 9, 2024

At the time of post (Feb 20, 2024):

• $MAXQF is $0.074, up 6.29% YTD
• $MAXQ is $0.10, unchanged since Jan 2, 2024