Press Releases

AAC Clyde Space wins 8 MSEK order for commercial satellite

2020-04-02 AAC Clyde Space (publ)
AAC Clyde Space has won an 8 MSEK (£642 000) order for a 6U satellite from Orbital Micro Systems (OMS), to be launched as part of the UK Space Launch Programme. The satellite will be included in the company's commercial GEMS program that will deliver accurate and timely weather information to businesses worldwide to improve operational efficiencies and to minimize damage caused by extreme weather. The satellite is scheduled for delivery in April 2021.

The order follows the in-orbit success of IOD-1 GEMS, a 3U satellite, produced by AAC Clyde Space carrying a payload from OMS, in a demonstration mission financed by the UK Satellite Applications Catapult. OMS decision to go ahead with a 6U satellite on which it will place a dedicated payload, transitions the Global Environmental Monitoring Satellite (GEMS) program to a commercial project, and marks an important step towards the realization of OMS plan to deploy a full constellation of small satellites as part of its GEMS program.

The program aims to be first to provide temperature, humidity and precipitation readings at different levels throughout the atmosphere, at near real time for any global position, to customers in insurance, aerospace, maritime, energy and agriculture markets. By capturing 3D passive microwave observations at every point on Earth every 15 minutes, the GEMS program aims to revolutionize how Earth is understood. Through the data, businesses that rely on accurate and timely weather information would be able to substantially improve operational efficiencies and better foresee and understand extreme weather conditions.

"Through GEMS, AAC Clyde Space further extends its involvement in space missions aimed at enhancing the understanding of our environment. Missions of this kind help us all on the quest for safer and more sustainable life on Earth. We are also delighted to note that this is the second programme in a short time that has advanced from demonstration to commercialization, thereby leveraging the advantages that small satellites offer commercial applications," said AAC Clyde Space CEO Luis Gomes.

AAC Clyde Space will build and deliver a 6U Epic satellite platform as well as associated services such as launch and commissioning support. OMS will design and deliver the payload that will register the data. OMS offers the International Centre for Earth Data (ICED), a cloud-based data marketplace that produces and disseminates near real time, Analysis-Ready Data (ARD) from multiple commercial and government Earth data sources.

The first 3U satellite, the IOD-1 GEMS was part of the UK Satellite Applications Catapult, which was set up by the British government to foster New Space enterprises.

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 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 11:00 CET on 2 April 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.

16 October 2020
Regulatory

2020-10-16 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 extraordinary general meeting on 5 November 2020 at 10.30 a.m. (CET) at the company's premises, Dag Hammarskjölds väg 48, SE-751 83 Uppsala, Sweden. Registration for the meeting commences at 10.00 a.m. (CET).

15 October 2020
Regulatory

2020-10-15 AAC Clyde Space AB (publ)
The Board of Directors of AAC Clyde Space AB ("AAC" or "the Company") has, pursuant to the authorization from the Annual General Meeting on June 2, 2020, resolved on a directed issue of 19,241,551 shares at a price of SEK 2.70 per share (the "Directed Issue"). The price in the Directed Issue has been determined through an accelerated bookbuilding procedure carried out by Erik Penser Bank. In addition to the Directed Issue, Erik Penser Bank has brokered 10,557,150 shares at the corresponding price per share as in the Directed Issue (the "Block Trade").

15 October 2020
Regulatory

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space AB (publ) ("AAC" or the "Company") has mandated Erik Penser Bank to investigate the prerequisites to carry out a directed new issue of a maximum of 19 241 551 shares (the "Directed Issue") through an accelerated bookbuilding procedure (the "Bookbuilding Procedure").

15 October 2020
Regulatory

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. 8.4 MUSD is calculated on an AAC share price of SEK 3.15 per share and an exchange rate of 9.0 SEK to one (1) US dollar. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).

07 October 2020
Regulatory

2020-10-07 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in Hyperion Technologies BV, in a shares and cash deal. The current owners of Hyperion Technologies will receive 7,755,000 new shares in AAC, equivalent to approximately 21.7 MSEK calculated at 2.80 SEK per share and 0.1 MEUR (approx. 1.1 MSEK) in cash, subject to approval by the AAC EGM.

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.

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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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