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AAC Clyde Space wins 4.5 MSEK follow-on order for production in-orbit

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.

The order follows an order in December 2020 to contribute to the design of a satellite platform for the same purpose. The reusable spacecraft is intended to deorbit in a controlled manoeuvre to deliver its products and results back to Earth after six months in-orbit, thereby enabling efficient production and revolutionary experiments by leveraging the micro gravity in-orbit. The design will benefit from AAC Clyde Space's standard satellite platform heritage, adjusted for re-entry into the atmosphere and landing on Earth. Back on Earth the satellites will be recovered, refurbished, and eventually re-launched.

Among the space products that AAC will provide to the project in this second phase are an integrated attitude determination and control system from AAC Hyperion in Delft, a Kryten Command & Data Handling unit and communications components from AAC Clyde Space in Glasgow. The project is supported by the European Space Agency's Commercial Space Transportation Services and Support programme.

"AAC is proud to be part of this revolutionary project that truly leverages the unique conditions in space for the benefit of humanity. The whole team looks forward to making space-based production a reality in the foreseeable future," says AAC Clyde Space CEO Luis Gomes.

The ultimate goal of the project is to establish a continuous space-based production by a monthly satellite launch. A test campaign of several satellites is planned to bring the service to commercialisation and shall be supported by AAC Clyde Space.

"We are pleased to be partnering with AAC Clyde on this World-First mission. Their spacecraft heritage is a significant asset to achieving our objectives at Space Forge in building the first returnable satellite platform, the ForgeStar," says Space Forge CEO & Co-Founder Joshua Western.

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
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, South 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 certifiedadviser@penser.se, telephone +46 8 463 83 00, is the Certified Adviser. The share is also traded on the US OTCQX-market under the symbol ACCMF.

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.

09 November 2021
Regulatory

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).

26 October 2021

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.

14 October 2021

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.

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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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