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.

04 June 2020

2020-06-04 AAC Clyde Space AB (publ)
AAC Clyde Space has been selected to develop a new solar panel for Moog's new Small Launch Orbital Manoeuvring Vehicle (SL-OMV), a space tug designed to deploy Cubesat constellations and guide small satellites to their final orbit. The order value is 340 000 GBP (approx. 4.0 MSEK) with planned delivery during the first quarter of 2021.

02 June 2020

2020-06-02 AAC Clyde Space (publ)
The annual general meeting in AAC Clyde Space AB (publ) was held on Tuesday 2 June 2020 at the company's premises at Dag Hammarskjölds väg 48, SE-751 83, Uppsala, Sweden. The following resolutions, amongst others, were passed at the general meeting.

01 June 2020

2020-06-01 AAC Clyde Space (publ)
AAC Clyde Space will host a live question and answer session for shareholders June 9th at 10.30 CET which will be hosted by AAC Clyde Space's CEO Luis Gomes and CFO Mats Thideman.

15 May 2020

2020-05-15 AAC Clyde Space AB (publ)

30 April 2020

N.B. This English text is an unofficial translation of the Swedish original of the notice to attend the annual general meeting, available for download at In case of any discrepancies between the Swedish and English language versions, the Swedish version shall prevail.

2020-04-30 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 annual general meeting at 13.00 p.m. on 2 June 2020 at AAC Clyde Space's premises, Dag Hammarskjölds väg 48, SE-751 83 Uppsala, Sweden. Registration for the meeting commences at 12.30 p.m.

16 April 2020

2020-04-16 AAC Clyde Space (publ)
AAC Clyde Space has won an additional 2.5 MSEK (USD 250 000) order from Loft Orbital for power systems for two satellites. The systems will be delivered during 2020, starting with an engineering model in the current quarter to be followed by flight models for two satellites in the latter half of 2020.

02 April 2020

2020-04-02 AAC Clyde Space (publ)
AAC Clyde Space has won an 8 MSEK (£642 000) order for a 6U satellite from Orbital Micro Systems (OMS), to be launched as part of the UK Space Launch Programme. The satellite will be included in the company's commercial GEMS program that will deliver accurate and timely weather information to businesses worldwide to improve operational efficiencies and to minimize damage caused by extreme weather. The satellite is scheduled for delivery in April 2021.

17 March 2020

2020-03-17 AAC Clyde Space AB (publ)


IR Contact

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


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