Ball Aerospace and Seagate to Collaborate on Data Storage in Space

July 26, 2022

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BROOMFIELD, Colo., July 26, 2022 — Ball Aerospace, Seagate® Technology Holdings plc (NASDAQ: STX) and Seagate Federal, Inc. (dba. Seagate Government Solutions) recently signed a Memorandum of Understanding (MOU) to collaborate on data processing and storage technology in space.

“There is a need for on-orbit, high-density storage capabilities to meet new mission requirements – in essence space-ready storage that works and acts like terrestrial storage,” said Mike Gazarik, vice president, Engineering, Ball Aerospace. “Therefore, we decided to collaborate on a proof-of-concept solution because Ball has the heritage and experience in designing and building space systems, while Seagate has extensive data storage expertise.”

Through this collaborative effort, there are planned lab and on-orbit demonstrations to test the concept, which would include Seagate-built technology to support testing of space memory on a Ball-built payload.

"Seagate is excited to collaborate with Ball Aerospace and Seagate Government Solutions to test our storage concept for Low-Earth Orbit satellites,” said Ed Gage, vice president of Seagate Research. “We consider space the next frontier for data growth, enabled by high-capacity, low-cost secure storage devices. As a leader in our industry and with over 40 years of expertise, we are uniquely positioned to solve the challenges of space systems that store large amounts of data."

Seagate crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered mass-data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity. Leveraging its engineering excellence and strong technology portfolio, Seagate is working on a concept for aerospace storage.

“Space is undergoing a significant change, enabled by declining launch costs and an increasing number of satellites,” said Mike Moritzkat, chief executive officer of Seagate Government Solutions. “We are convinced that the build-out of a Low-Earth Orbit space infrastructure will benefit from highly efficient storage. Our collaboration with Ball Aerospace combines the expertise of industry leaders to satisfy the growing need for space based storage.”

Ball Aerospace has a strong heritage of designing and building space hardware for government and commercial customers. In addition, the company has more than 30 years of data processing experience, including developing innovative and accurate exploitation algorithms for satellite systems.

Powered by endlessly curious people with an unwavering mission focus, Ball Aerospace pioneers discoveries that enable our customers to perform beyond expectation and protect what matters most. We create innovative space solutions, enable more accurate weather forecasts, drive insightful observations of our planet, deliver actionable data and intelligence, and ensure those who defend our freedom go forward bravely and return home safely. Go Beyond with Ball.® For more information, visit www.ball.com/aerospace or connect with us on Facebook or Twitter.

About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.

Forward-Looking Statements

This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Additional factors that might affect: a) our packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pass through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on our supply chain and our ability to operate in Russia and the EMEA region generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of the Company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, including the announced sale of our Russian business, and their effects on our operating results and business generally.

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