Press Releases

AAC Clyde Space takes measures to mitigate Corona effects

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

The recent evolution of the coronavirus pandemic has taken us all to uncharted territory. We face a continuously changing situation, affecting not only our own countries but also our global clients and suppliers. I would like to share with you how we at AAC Clyde Space will continue to deliver our products and services in the coming weeks, and what changes to our day to day work will take place. The measures are intended to ensure that we can continue our operations as close to normal as possible.

We have been carefully monitoring the advice of the World Health Organisation and of the national health authorities in Sweden and the United Kingdom for the past several weeks. We developed an internal plan to address the impact of the outbreak on our business and our staff. As the situation evolved over the past week, we updated the plan, introducing a set of new policies and working practices. The new policies and practices went live on Friday, 13th and cover some key aspects of our day to day work.

Our facilities will remain open, but we are making as much use of remote working as practically possible. Staff that can work effectively from home are being requested to do so. This covers around 70% of our staff, with the remaining being involved in manufacture activities that will continue normally in our facilities.

We have introduced a ban on near term travel to reduce the risk of contagion and stop our people getting stranded by border closures or quarantines. We had already cancelled our participation at the Space Symposium and will not participate in other conferences or exhibitions in the next two months. And although we really enjoy receiving clients, business partners and other visitors in our facilities, for the next few weeks we are asking that we meet electronically rather than in person.

Lastly, we are working with our supply chain to ensure that we have the supplies we need to be able to deliver our current and future orders. The management team is continuously maintaining our internal Business Continuity Plan to ensure that we deliver the products and services that our customers expect, on-time.

These are challenging times and we are working to minimize disruption to our operations. We will continue to monitor the situation and provide updates over the next few weeks. We remain open, and at least for now, it is business as usual even if with some adaptations to our working practice.

AAC Clyde Space continue to operate as normal within our regular office hours of 8.30am to 5pm, in Sweden and the UK. Should you have any questions at this stage, please do not hesitate to get in touch. Our contact details can be found here https://www.aac-clyde.space/contact-us

Best Regards
Luis Gomes
CEO

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes investor@aac-clydespace.com
CFO Mats Thideman, investor@aac-clydespace.com, mobile +46 70 556 09 73

ABOUT AAC CLYDE SPACE
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 certifiedadviser@penser.se, telephone +46 8 463 83 00, is the Certified Adviser.

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
Regulatory

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
Regulatory

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

30 April 2020
Regulatory

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 https://www.aac-clyde.space/. 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
Regulatory

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)

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IR Contact

Mats Thideman CFO and Deputy CEO
+46 70-556 09 73 mats.thideman@aac-clydespace.com

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