Press Releases

AAC Clyde Space to Develop Next Generation of Satellites with a GBP 2.3M Grant Support from Scottish Enterprise

2020-06-05 AAC Clyde Space AB (publ)
AAC Clyde Space Glasgow will develop, manufacture and gain in-orbit heritage on its next generation nano and small satellites having secured financial support from Scottish Enterprise (SE). With a standardized and modularized design, the satellites will combine cutting edge technology with constellation ready productization.

An SE research and development grant of up to GBP 2.3M (approx. SEK 27M) will finance 50 % of AAC Clyde Space's costs for developing the next generation of satellites. The grant will be paid out over a three-year period starting July 2020 and will support activities related to R&D, new equipment acquisitions and the creation of new jobs.

The project will involve the design of a scalable architecture built around a highly integrated core avionics system.

"We are very thankful to Scottish Enterprise for their continued support. This grant will allow AAC Clyde Space to accelerate the development of future satellite architecture, which in turn will radically enhance our manufacturing capabilities. This will improve our ability to offer even more affordable cutting-edge satellites for constellations. Scottish Enterprise has once again taken a leading role in advancing the space sector in Scotland for the benefit of the business eco system, creating attractive jobs and supporting the local economy." said AAC Clyde Space CEO Luis Gomes.

"Space technology continues to be a source of fascination for people all over the world, perhaps more so now than at any other point in the past decade, and the evolution of the space sector means more and more opportunities are opening up to developers of new exploration and research solutions globally.

"Scottish Enterprise has a long-standing relationship with Clyde Space and is proud to support its latest project. With our backing, we believe the company can continue to push the boundaries of nano and small satellite capabilities and help position Scotland as Europe's leading space nation", said Linda Hanna, Managing Director, Scottish Enterprise.

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

The information in this press release is such that AAC Clyde Space AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on 5 June 2020.

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.

ABOUT SCOTTISH ENTERPRISE
Scottish Enterprise is Scotland's national economic development agency. We're committed to growing the Scottish economy for the benefit of all, helping create more quality jobs and a brighter future for every region.

Follow us on Twitter at http://twitter.com/scotent and https://twitter.com/ScotEntNews
Follow us on LinkedIn at https://www.linkedin.com/company/scottish-enterprise/

19 June 2020

2020-06-19 AAC Clyde Space AB (publ)
The Arianespace's Vega rocket scheduled for launch on Sunday June 21 from French Guiana will launch a variety of hardware built by AAC Clyde Space, including two satellites built at our Glasgow factory. The launch is planned on June 21 at 01:51 UTC / 03:51 CET, can be followed on https://www.arianespace.com/ or https://www.youtube.com/arianespace

05 June 2020
Regulatory

2020-06-05 AAC Clyde Space AB (publ)
AAC Clyde Space Glasgow will develop, manufacture and gain in-orbit heritage on its next generation nano and small satellites having secured financial support from Scottish Enterprise (SE). With a standardized and modularized design, the satellites will combine cutting edge technology with constellation ready productization.

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.

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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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