Press Releases

AAC Clyde Space Delivers PICASSO, the Golden CubeSat

2020-02-05 AAC Clyde Space (publ)
AAC Clyde Space has delivered PICASSO, a 3U CubeSat, to the Royal Belgian Institute for Space Aeronomy at a facility in Delft for pod integration. The satellite is planned to be launched from French Guiana on an Arianespace Vega on the 24th of March 2020.

PICASSO (Pico-Satellite for Atmospheric and Space Science Observations) will measure ozone distribution in the stratosphere, estimate the temperature profile up to the mesosphere, and characterise the plasma in the ionosphere. The Earth Observation mission is the result of an international collaboration, led by the Royal Belgian Institute for Space Aeronomy (BIRA-IASB), and including AAC Clyde Space, ESA (European Space Agency) , VTT Technical Research Center of Finland Ltd and the Centre Spatial de Liège in Belgium. PICASSO will demonstrate a scientific capacity for atmospheric remote sensing with VISION (the hyper-spectral imager) and in situ measurements with SLP (Sweeping Langmuir Probe). This capacity is also strategic for planetary exploration.

AAC Clyde Space built and integrated the gold-plated satellite that will take measurements from low earth orbit for 2 years. The satellite carries two scientific payloads: a hyper-spectral imager in the visible, that will primarily map the ozone in the stratosphere, and a Sweeping Langmuir Probe that will measure electron density and temperature in the plasma around the satellite. Ozone in the high atmosphere is critical for life on Earth as it shields the Sun's UV radiation, so accurate and timely information about its density is critical for humanity. PICASSO aims to show that such measurements can be successfully done with very small satellites.

"This ambitious mission will give novel opportunities to the scientific community to study our planet, and in turn make better informed decisions. We are delighted to deliver this innovative CubeSat to our customer and look forward to controlling and tracking PICASSO on orbit using our purpose-built ground station, keep your eyes peeled for updates," said AAC Clyde Space CEO Luis Gomes.

"The PICASSO mission will demonstrate that CubeSats, and more generally small satellites, have reached the technological maturity necessary to turn them into actual scientific tools worth consideration by the Earth Observation community. Thanks to their low cost, which enables them to be deployed as a fleet, they will provide scientific-grade data with a high repetition rate and an unequaled ground coverage." said BIRA-IASB Project Manager Didier Pieroux.

FOR MORE INFORMATION:Please visit: or contact:
CEO Luis Gomes
CFO Mats Thideman,, mobile +46 70 556 09 73

The group AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivalled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail, telephone +46 8 463 83 00, is the Certified Adviser.

The Royal Belgian Institute for Space Aeronomy is a Belgian federal scientific research institute. Its main tasks are research and public service in space aeronomy, which is the physics and chemistry of planetary atmospheres, and of outer space. It studies the atmospheres of solar system bodies and the impact of the Sun, nature, and mankind on atmospheric changes. BIRA-IASB has the required competences to elaborate all elements of a space mission to perform a complete study of an aeronomy-related problem: from the formulation of research objectives, over the consequent instrument and space mission design, to the derivation of satellite data products, their validation and geophysical exploitation, including modelling and service development.

05 January 2021

2021-01-05 AAC Clyde Space AB (publ)
AAC Clyde Space AB (publ) ("AAC") subsidiary Hyperion has been awarded a MEUR 0.15 (approx. 1.5 MSEK) order to carry out an in-orbit verification of CubeCAT, its space-based laser communication terminal. CubeCAT is designed to enable ultra high-speed downlink of data from small satellites, greatly improving and facilitating their data communication.

30 December 2020

2020-12-30 AAC Clyde Space AB (publ)
AAC Clyde Space AB (publ) ("AAC") announced on October 15, 2020 that an agreement had been reached to acquire all shares in SpaceQuest Ltd. All conditions for completion of the acquisition have been met and the acquisition has thus been completed. Hence, AAC Group has a strong foothold in the United States, the world's largest space market.

18 December 2020

2020-12-18 AAC Clyde Space AB (publ)
AAC Clyde Space has been commissioned by British Space Forge to design a satellite platform that is to take advantage of the space environment for production in-orbit. The satellite is intended to stay in-orbit for six months and thereafter descend on Earth for the product to be delivered to customers. This order for the first phase of a potential larger project with a value of 0.1 million GBP (approx. 1.3 MSEK) and scheduled for delivery in March 2021.

26 November 2020

2020-11-26 AAC Clyde Space AB (publ)
The Committee on Foreign Investments in the United States (CFIUS) has determined that there are no unresolved national securities concerns with AAC Clyde Space acquiring SpaceQuest Ltd. AAC Clyde Space will now initiate the closing process which is expected to be finalised during December 2020.

26 November 2020

2020-11-26 AAC Clyde Space AB (publ)

18 November 2020

2020-11-18 AAC Clyde Space AB (publ)
AAC Clyde Space embarks on a 3-year project, named xSPANCION, with the European Space Agency (ESA) to develop an innovative satellite constellation service, including the manufacturing of 10 spacecrafts. The UK Space Agency through ESA, will co-fund the project with 9.9 MEUR (approx. 101.4 MSEK). AAC Clyde Space intends to, outside this project, enter into customer service agreements for data delivery from the constellation.

10 November 2020

2020-11-10 AAC Clyde Space AB (publ)

05 November 2020

2020-11-05 AAC Clyde Space AB (publ)
At the extraordinary general meeting in AAC Clyde Space AB (publ) held on 5 November 2020 at 10.30 a.m. (CET) at the company's premises, Dag Hammarskjölds väg 48 in Uppsala, the following resolutions were adopted:

16 October 2020

2020-10-16 AAC Clyde Space (publ)
The shareholders in AAC Clyde Space AB (publ), reg. no. 556677-0599 (the "Company"), are hereby given notice to attend the extraordinary general meeting on 5 November 2020 at 10.30 a.m. (CET) at the company's premises, Dag Hammarskjölds väg 48, SE-751 83 Uppsala, Sweden. Registration for the meeting commences at 10.00 a.m. (CET).

15 October 2020

2020-10-15 AAC Clyde Space AB (publ)
The Board of Directors of AAC Clyde Space AB ("AAC" or "the Company") has, pursuant to the authorization from the Annual General Meeting on June 2, 2020, resolved on a directed issue of 19,241,551 shares at a price of SEK 2.70 per share (the "Directed Issue"). The price in the Directed Issue has been determined through an accelerated bookbuilding procedure carried out by Erik Penser Bank. In addition to the Directed Issue, Erik Penser Bank has brokered 10,557,150 shares at the corresponding price per share as in the Directed Issue (the "Block Trade").


IR Contact

Mats Thideman CFO and Deputy CEO
+46 70-556 09 73


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