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.

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").

15 October 2020

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space AB (publ) ("AAC" or the "Company") has mandated Erik Penser Bank to investigate the prerequisites to carry out a directed new issue of a maximum of 19 241 551 shares (the "Directed Issue") through an accelerated bookbuilding procedure (the "Bookbuilding Procedure").

15 October 2020

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. 8.4 MUSD is calculated on an AAC share price of SEK 3.15 per share and an exchange rate of 9.0 SEK to one (1) US dollar. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).

07 October 2020

2020-10-07 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in Hyperion Technologies BV, in a shares and cash deal. The current owners of Hyperion Technologies will receive 7,755,000 new shares in AAC, equivalent to approximately 21.7 MSEK calculated at 2.80 SEK per share and 0.1 MEUR (approx. 1.1 MSEK) in cash, subject to approval by the AAC EGM.

18 September 2020

2020-09-18 AAC Clyde Space AB (publ)
AAC Clyde Space expects to reach net sales of approximately SEK 100 million in 2020, an increase of more than 50 % over its 2019 revenue of SEK 66 million.

17 September 2020

2020-09-17 AAC Clyde Space AB (publ)

31 August 2020

2020-08-31 AAC Clyde Space AB (publ)
AAC Clyde Space has received two new orders, totaling 360 000 EUR (approx. 3.7 MSEK) for Sirius avionics from customers in Japan. The hardware will be delivered during the fourth quarter of 2020 and software updates will be delivered in the first quarter of 2021. These are follow-on orders from existing customers.

27 August 2020

2020-08-27 AAC Clyde Space AB (publ)

24 August 2020

2020-08-24 AAC Clyde Space AB (publ)
AAC Clyde Space AB, SAAB AB and ORBCOMM Inc. have today announced the development of the next generation of space based VDES system, marking the beginning of a new era in maritime communications. AAC Clyde Space AB will receive 17.0 MSEK in total, of which 12.2 MSEK is in the form of a grant from the Swedish Transport Administration, to finance the building, launch and commissioning of the first satellite in the project. This is intended to be the first satellite of a future constellation to provide a VDES service.

21 August 2020

2020-08-21 AAC Clyde Space AB (publ)
AAC Clyde Space's shares begins trading today on the OTCQX Market under the symbol "ACCMF". As an OTCQX-traded company, AAC Clyde Space can benefit from increased accessibility and visibility across the U.S. investment community. Current financial disclosure and real time quotes for the share can be found on


IR Contact

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


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