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AAC Clyde Space closes £8.4m Space Data as a Service contract with Wyvern

2021-06-30 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has entered into a £8.4m (approx. SEK 100m) contract to deliver high-resolution, multi-band, hyperspectral data from space to Canadian Earth observation company Wyvern Inc. over an initial four-year period, with an intended start mid-2022.

Under the agreement, AAC Clyde Space will design, manufacture, and own three 6U EPIC satellites equipped with hyperspectral payloads, while Wyvern Inc. commits to subscribe to the data service for four years. After the first four years, the contract can be extended on an annual basis. The first satellite is planned for launch during first half year 2022, followed by two satellites planned for launch during the second half year 2022.

"We are delighted that Wyvern, a specialist in Earth observation, has opted for the Space Data as a Service model to capture data. It will enable them to focus on delivering high quality services to their customers, while leaving to us to do what we do best - design, manufacture and operate spacecrafts," says AAC Clyde Space CEO Luis Gomes. "This contract is our largest Space Data as a Service contract to date. I foresee many more to come, both larger and smaller, as businesses discover this cost efficient and convenient way to access data from space-based assets."

The satellites will deliver hyperspectral data, a method for capturing images of Earth across multiple bands, providing much more information than the three main colour bands that the human eye captures. Wyvern will first offer the data to the agriculture sector where it will help optimize yields, and detect invasive plants, pests and changes in soil makeup.

Wyvern's CEO Chris Robson says "Wyvern aims to deliver Earth observation data in the hyperspectral bands to new customers at greater value. Working with AAC Clyde Space is a first step in securing the market while we develop optical technology that will continue to revolutionise space-based data for a variety of sectors."

In March 2021, AAC Clyde Space announced it had agreed with Wyvern to secure the launch of three satellites into orbit in 2022 for this purpose.

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes [email protected]
CFO Mats Thideman, [email protected], mobile +46 70 556 09 73

For more information about Wyvern Inc.: www.wyvern.space

The information in this press release is such that AAC Clyde Space AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 17:45 CEST on 30 June 2021.

ABOUT AAC CLYDE SPACE
AAC Clyde Space specialises in small satellite technologies and services that enable businesses, governments and educational organisations to access high-quality, timely data from space. Its growing capabilities bring together three divisions:

Space Data as a Service - delivering data from space directly to customers
Space missions - turnkey solutions that empower customers to streamline their space missions
Space products and components - a full range of off-the-shelf and tailor-made subsystems, components and sensors

AAC Clyde Space aims to become a world leader in commercial small satellites and services from space, applying advances in its technology to tackle global challenges and improve our life on Earth.

The Group's main operations are located in Sweden, the United Kingdom, the Netherlands and the USA, with partner networks in Japan and South Korea.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail [email protected], telephone +46 8 463 83 00, is the Certified Adviser. The share is also traded on the US OTCQX-market under the symbol ACCMF.

19 April 2022
Regulatory

2022-04-19
The shareholders in AAC Clyde Space AB (publ), reg. no. 556677-0599 (the "Company"), are hereby given notice to attend the annual general meeting on Thursday 19 May 2022. Attendance at the meeting is only possible via postal ballot. The CEO's statement will be published on the company's website after the annual general meeting.

13 April 2022

2022-04-13 AAC Clyde Space AB (publ)
AAC Clyde Space has issued 525 457 shares to the previous owners of Omnisys Instrument AB as an earn-out payment achieved following the completion of the preliminary design of the weather instrument to the ESA project Artic Weather Satellite (AWS). Omnisys was awarded a EUR 12.2 million contract to supply microwave sounding sensors to the AWS-project in March 2021. The share issue increases the total number of shares in AAC Clyde Space to 193 250 943.

01 April 2022

2022-04-01 AAC Clyde Space AB (publ)
Leading New Space company AAC Clyde Space's subsidiary AAC Hyperion has acquired a contract to develop an onboard artificial intelligence (AI) capability for small satellites in collaboration with the Royal Netherlands Aerospace Centre (NLR). The European Space Agency (ESA) will fund the project with EUR 0.41 M (approx. SEK 4.2 M) sponsored by the Netherlands Space Office (NSO). The funding comes through ESA's General Support Technology Programme (GSTP).

09 March 2022

2022-03-09 AAC Clyde Space AB (publ)
Leading New Space company AAC Clyde Space has won an order for a power subsystem to be utilized in a new type of mission. The order is valued at EUR 0.5 M (approx. SEK 5.3 M), and follows an order received in 2019. The power subsystem is planned to be delivered during the fourth quarter 2022.

03 March 2022

2022-03-03 AAC Clyde Space AB (publ)
AAC Clyde Space has issued 525 457 shares to the previous owners of Omnisys Instrument AB as an earn-out payment achieved following the completion of the preliminary design of a weather instrument. AAC Clyde Space is developing a new WeatherCube for Space Data as a Service weather constellations. The share issue increases the total number of shares in AAC Clyde Space to 192 725 486.

17 February 2022
Regulatory

2022-02-17 AAC Clyde Space AB (publ)

11 January 2022

2022-01-11 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has received a 441 kEUR (approx. 4.5 MSEK) order from UK-based Space Forge to provide space products for a demonstration spacecraft designed to leverage the space environment for production and experiments, capable of performing multiple trips to space.

22 December 2021

2021-12-22 AAC Clyde Space AB (publ)
AAC Clyde Space today releases a newly recorded pod series focussing on current topics in the space industry. The show is hosted by Moa Skan, a space enthusiast and PhD student in Astrophysics at Stockholm University and among the guests are Sweden's first astronaut Christer Fuglesang, Member of the European Parliament and meteorologist Pär Holmgren, and the Director General of Swedish National Space Agency Anna Rathsman.

17 December 2021

2021-12-17 AAC Clyde Space AB (publ)
Leading New Space company AAC Clyde Space has published the second issue of its group-wide newsletter, SPAACE TALK.

25 November 2021
Regulatory

2021-11-25 AAC Clyde Space AB (publ)
The previous owners of Omnisys Instruments AB converts a third of their warrants into shares in AAC Clyde Space. AAC Clyde Space has consequently issued 5 780 033 shares, bringing the total number of shares in AAC Clyde Space to 192 200 029.

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IR CONTACT

Mats Thideman CFO and Deputy CEO
+46 70-556 09 73 [email protected]

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