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/

18 September 2020
Regulatory

2020-09-18 AAC Clyde Space AB (publ)
AAC Clyde Space expects to reach net sales of approximately SEK 100 million in 2020, an increase of more than 50 % over its 2019 revenue of SEK 66 million.

17 September 2020

2020-09-17 AAC Clyde Space AB (publ)

31 August 2020

2020-08-31 AAC Clyde Space AB (publ)
AAC Clyde Space has received two new orders, totaling 360 000 EUR (approx. 3.7 MSEK) for Sirius avionics from customers in Japan. The hardware will be delivered during the fourth quarter of 2020 and software updates will be delivered in the first quarter of 2021. These are follow-on orders from existing customers.

27 August 2020
Regulatory

2020-08-27 AAC Clyde Space AB (publ)

24 August 2020
Regulatory

2020-08-24 AAC Clyde Space AB (publ)
AAC Clyde Space AB, SAAB AB and ORBCOMM Inc. have today announced the development of the next generation of space based VDES system, marking the beginning of a new era in maritime communications. AAC Clyde Space AB will receive 17.0 MSEK in total, of which 12.2 MSEK is in the form of a grant from the Swedish Transport Administration, to finance the building, launch and commissioning of the first satellite in the project. This is intended to be the first satellite of a future constellation to provide a VDES service.

21 August 2020

2020-08-21 AAC Clyde Space AB (publ)
AAC Clyde Space's shares begins trading today on the OTCQX Market under the symbol "ACCMF". As an OTCQX-traded company, AAC Clyde Space can benefit from increased accessibility and visibility across the U.S. investment community. Current financial disclosure and real time quotes for the share can be found on www.otcmarkets.com.

19 August 2020
Regulatory

2020-08-19 AAC Clyde Space AB (publ)
AAC Clyde Space announces today that its shares have begun trading in the US on the Pink Market under the symbol "ACCMF" and that it has applied to have its shares trade on the OTCQX Market, the highest tier within the OTC group. This will make AAC Clyde Space's shares more accessible to US investors, who can now trade the shares in US dollars in the US. US investors can find current financial disclosure and real time quotes for the company on www.otcmarkets.com

07 July 2020
Regulatory

2020-07-07 AAC Clyde Space AB (publ)
Peter Anderson has been appointed Vice President Business Development with responsibility for Sales and Marketing of AAC Clyde Space's portfolio of products and services. In his new role, Peter Anderson will also join the group's management team.

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.

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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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