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AAC Clyde Space starts AAC Space Africa to take part in Africa's growing space sector

2021-08-23 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New space company, today announced it has founded AAC Space Africa to capitalize on the rapidly growing market for satellites and space services in Africa. AAC Space Africa will design, build, and deliver space missions to the continent from its Cape Town base in South Africa's Western Cape Province. The new subsidiary will also be the group's centre of competence for advanced radio communication.

The new company will be managed by Dr Robert Van Zyl as Managing Director and Francois Visser as Technical Director. They bring more than 40 years of small satellite experience to the company, having pioneered the African CubeSat industry through several missions, including the first CubeSat launched by the continent.  Their expertise spans all facets of New space technologies, with a special focus on communications. 

The team will initially focus on radio communication systems as well as sales and marketing. The team is expected to grow quickly in the coming year to meet demand from the African space economy, which is set to grow to $10 billion by 2024 (NewSpace Africa Industry Report 2019).

"The need for space services in Africa is growing rapidly as Government, companies and communities seek efficient ways to support development and build out crucial infrastructure. We see great potential for small satellites to provide timely, accurate and targeted data for sectors such as weather forecasting, ocean monitoring, agricultural planning, and land management.

The ability to provide data from space and monitor key issues across the continent will help Africa develop at a far more rapid pace over the next decade. Adding local presence and expert knowledge to our existing commercial offering will put AAC in an excellent position to address these growing needs. We look forward to taking an active role in the South African space community and the wider market", says CEO Luis Gomes.

AAC selected South Africa as the base for its new subsidiary AAC Space Africa, as the country has an established space industry as well as a strong position in communication systems, with highly skilled engineers and data scientists. AAC Space Africa will also be the centre of competence for advanced radio communication systems for the entire AAC group, becoming the worldwide supplier of advanced radio systems for AAC's space missions.

AAC Clyde Space has previously been active in the African market through its European companies' hubs, most recently by supporting Mauritius in its efforts to become a space nation and to track ocean currents with earth observation technologies.

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.

01 February 2023
Regulatory

2023-02-01 AAC Clyde Space AB (publ)
AAC Clyde Space has won an order for satellite subsystems valued at USD 2.3 M (approx. SEK 23.8 M) from a US development company supplying spacecraft and other multi-mission systems.

26 January 2023

2023-01-26 AAC Clyde Space AB (publ)
A consortium including AAC Clyde Space's subsidiary AAC Hyperion has been selected by European Defence Fund to develop a less than 100 kg satellite to be placed in geostationary orbit (GEO) for space situational awareness. The satellite, named Naucrates, is not to be trackable from ground radar, optical telescope or radio telescope. It is set to be the first European GEO satellite for Space Situational Awareness (SSA) in GEO.

17 January 2023

2023-01-17 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has received a EUR 234 k (approx. SEK 2.6 M) 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.

12 January 2023

2023-01-12 AAC Clyde Space AB (publ)
An AAC Clyde Space manufactured satellite was lost when the Virgin Orbit rocket launched from Cornwall on Monday, January 10, failed to reach orbit. All satellites on the launch are reported to have been lost, including IOD-3 manufactured by AAC Clyde Space for the Satellite Applications Catapult.

06 January 2023

2023-01-06 AAC Clyde Space AB (publ)
Kelpie-1, a 3U AAC Clyde Space EPIC nanosatellite, was successfully launched on the SpaceX Transporter-6 mission on January 3, 2023. Kelpie-1 will deliver AIS data to the U.S. company ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a second Kelpie satellite in the first half of 2023.

12 December 2022

2022-12-12 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading space solution company, has received a USD 0.85 m (approx. SEK 8.8 m) order on subsystems for the IM-3 mission to the Moon led by the U.S. company Intuitive Machines. The order is the third received by AAC Clyde Space for the U.S. company's lunar landing missions.

08 December 2022

2022-12-08 AAC Clyde Space
Astroscale Ltd. has extended its order from AAC Clyde Space for its end-of-life space debris removal service, ELSA-M, with additional hardware and functionality valued at GBP 0.611 M (approx. SEK 7.7 M). The order follows orders announced earlier in 2022 for a Sirius computer and a Starbuck power system totalling GBP 1.8 M (approx. SEK 23.0 M).

02 December 2022

2022-12-02 AAC Clyde Space AB (publ)
AAC Clyde Space has won a contract to maintain radiometers in the telescopes of the Atacama Large Millimeter/submillimeter Array (ALMA) in Chile. The contract runs for five years and is worth 574 kEUR (approx. 6.2 MSEK).

24 November 2022

2022-11-24 AAC Clyde Space AB (publ)
The previous owners of Omnisys Instruments AB convert the remaining third of their warrants into shares in AAC Clyde Space. Consequently, AAC Clyde Space has issued 5,780,845 shares, bringing the total number of shares in AAC Clyde Space to 204,811,821.

24 November 2022

2022-11-24 AAC Clyde Space AB (publ)
AAC Clyde Space has delivered the first Kelpie satellite to Cape Canaveral, Florida, in preparation for its planned launch onboard the SpaceX Transporter 6 mission expected in December 2022. The 3U EPIC nanosatellite will deliver data to the U.S. company ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a second Kelpie satellite in the first half of 2023.

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IR CONTACT

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

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