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AAC Clyde Space recruits COO and HR Director, and extends the Executive Management Team

2021-09-29 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has recruited Stefania Mandirola as Chief Operating Officer as part of a strengthening of its management team to meet the broader needs of the group that now spans six companies on three continents.

Stefania will take on the COO role from 6th October to ensure operational efficiency as the Group continues to expand. In the last 12 months AAC Clyde Space has acquired three companies in the United States, Netherlands and Sweden; set up a new space company in South Africa; and had rapid organic growth. To further support this development, Kulwinder Bhumbra will join the Group as HR Director in November.

Following these key additions, the executive management team has been reshaped with Peter Anderson appointed the Chief Commercial Officer of the group and Dino Lorenzini becoming the Chief Scientific Officer of AAC Clyde Space.

Stefania joins AAC Clyde Space from Rolls-Royce Aerospace where she has held various leadership positions, most recently as Head of Supplier Management. She holds a Master of Science from Politecnico di Milano.

"I am thrilled to have joined AAC Clyde Space at a such pivotal time of growth and I am looking forward to leading their group operations globally. Space is an extremely exciting sector right now: satellites data and services have the potential to address some of the critical sustainability challenges of our times. Space is awesome." says Stefania Mandirola.

Kulwinder joins from Volvo and brings more than 10 years' experience in HR roles and has worked through a variety of change initiatives.

These latest appointments follow Dr Andrew Carrel joining the Group in May 2021 from a position as CTO of Rezatec, a specialist company in geospatial analytics. He has worked in the space industry for over 20 years.

The executive management team will now consist of CEO Luis Gomes, CFO Mats Thideman, COO Stefania Mandirola, CTO Andrew Strain, CCO Peter Andersson, Vice President of Future Programmes Andrew Carrel, HR Director Kulwinder Bhumbra as well as the Chief Scientific Officer, Dino Lorenzini.

"AAC Clyde Space has grown aggressively during the past year and aims to continue to do so. By adding further expertise from successful high-tech companies, we strengthen our prospects for success and can aim even higher. I look forward to working together with the new executive management team to reach ambitious goals," says AAC Clyde Space CEO Luis Gomes.

AAC Clyde Space is targeting a turnover of 500 MSEK in 2024. In its report for the first half of 2021, the Group reported sales of 84.2 MSEK and an orderbook of 413 MSEK.

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

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, South Africa 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.

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.

25 November 2021
Regulatory

2021-11-25 AAC Clyde Space AB (publ)

22 November 2021

2021-11-22 AAC Clyde Space AB (publ)
AAC Clyde Space AB, a leading new space company, has won an order from U.S. Aegis Aerospace to supply its Starbuck power systems and battery solutions worth 500 kUSD (approx. 4.5 MSEK) for a satellite mission carried out on behalf of the U.S. Department of Defense (DoD).

15 November 2021

2021-11-15 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has named Chris Fauquier, currently COO at SpaceQuest, as CEO for the US subsidiary. The move follows Dr. Dino Lorenzini's transition to the role of Group Chief Science Officer (CSO) of AAC Clyde Space. Dr. Lorenzini is the founder of SpaceQuest and was until now its CEO.

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IR CONTACT

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

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