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AAC Clyde Space to supply core avionics to Arctic Weather Satellite

2021-09-28 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New space company, has been selected by OHB Sweden to deliver core avionics worth approx. 797 kEUR (approx. 8.2 MSEK) to ESA's Arctic Weather Satellite. The order has been preceded by a tightening of the original requirements of the systems.

OHB Sweden is the mission prime contractor for the Arctic Weather Satellite, providing the satellite platform and system integration. AAC Clyde Space has been contracted to deliver the Starbuck power system, with mission specific customization. An engineering model is to be delivered in Q1, 2022 and a flight model in Q4, 2022.

AAC Clyde Space announced on March 16, 2021, that it was intended as a supplier of the Sirius command and data handling units and the Starbuck power system to the Arctic Weather Satellite given a successful qualification. Final requirements, functionality and qualification of the Sirius command and data handling units are not yet completed. Omnisys Instruments, a recent addition to the AAC Group, has been chosen to supply weather sensors to the project.

"Arctic Weather Satellite has become a flagship project for us who chart an exciting development path by combining Omnisys weather sensors with our classic core avionics. We are proud to be able to take such a central role in this project," says AAC Clyde Space CEO Luis Gomes.

ESA's Arctic Weather Satellite is an initial prototype mission that aims to demonstrate the usefulness of radiometric measurements to improve weather forecasts in the Arctic region and globally. The final solution would involve a full constellation of satellites to provide more frequent measurement, something that cannot be achieved by the larger geostationary satellites already in use to depict the areas.

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

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 13:05 CEST 28 September 2021.

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, Soth 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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