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.
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.
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.
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.
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.
2021-11-25 AAC Clyde Space AB (publ)
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).
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.
2021-11-09 AAC Clyde Space AB (publ)
AAC Clyde Space and its partners, have successfully completed the first phase of the xSPANCION project with a successful Preliminary Design Review, conducted jointly with the European Space Agency (ESA). Together with the partners, the company has agreed to accelerate the project by kicking off the Spacecraft Manufacturing Preparation Phase. To achieve this, a Phase 2 has been introduced to the project valued at 5.6 MEUR (approx. 57.3 MSEK), of which the UK Space Agency, through the ESA's Pioneer Partnership Projects, will contribute 2.8 MEUR (approx. 28.7 MSEK).
2021-10-26 AAC Clyde Space AB (publ)
AAC Clyde Space AB, a leading New Space company, has entered a Memorandum of Understanding to cooperate with ORBCOMM and Saab to develop the next generation of global maritime communication services based on a VHF Data Exchange System (VDES). The parties, collaborating under a new brand named AOS, aim both for services directed to end customers as well as for safety of navigation services. The goal of the consortium is to create a global maritime communication network enabling ship-to-ship and ship-to-shore communication everywhere on the globe.
2021-10-14 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading new space company, has been contracted by OHB Sweden to deliver its Sirius command and data handling unit worth approx. 545 kEUR (approx. 5.6 MSEK) to ESA's Arctic Weather Satellite.
2021-09-30 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has been selected to deliver the Sirius Command and Data Handling system to a new client. AAC will provide a standardized system as qualification model in Q2 2022 in a contract valued at 320 000 EUR (approx. 3.3 MSEK)
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