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 April 2020

2020-04-16 AAC Clyde Space (publ)
AAC Clyde Space has won an additional 2.5 MSEK (USD 250 000) order from Loft Orbital for power systems for two satellites. The systems will be delivered during 2020, starting with an engineering model in the current quarter to be followed by flight models for two satellites in the latter half of 2020.

02 April 2020
Regulatory

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.

17 March 2020

2020-03-17 AAC Clyde Space AB (publ)

27 February 2020
Regulatory

2020-02-27 AAC Clyde Space AB (publ)
AAC Clyde Space has been selected to supply batteries to the Nova-C lunar lander mission led by the U.S. company Intuitive Machines. The agreement broadens the scope of its original order (see press release January 24th, 2020) from power systems to also include batteries that will enable Intuitive Machines to optimize the mission's power generation and storage in the most cost-efficient way. The value of the extension is approx. 7.0 MSEK (USD 730.000).

20 February 2020
Regulatory

2020-02-20 AAC Clyde Space AB

05 February 2020

2020-02-05 AAC Clyde Space (publ)
AAC Clyde Space has delivered PICASSO, a 3U CubeSat, to the Royal Belgian Institute for Space Aeronomy at a facility in Delft for pod integration. The satellite is planned to be launched from French Guiana on an Arianespace Vega on the 24th of March 2020.

28 January 2020
Regulatory

2020-01-28 AAC Clyde Space AB (publ)
AAC Clyde Space has received an order from Israeli NSLComm for one 6U satellite and services, with a total value of approx. 15 MSEK (GBP 1.2 million). NSLComm has also appointed AAC Clyde Space "preferred supplier" in its planned satellite constellation.

24 January 2020

2020-01-24 AAC Clyde Space (publ)
AAC Clyde Space has been selected to supply the power system to the lunar lander mission led by the U.S. company Intuitive Machines. An engineering model and flight models will be delivered to support launch in 2021. The total order value is approx. 5.4 MSEK (USD 575 000).

20 January 2020
Regulatory

2020-01-20 AAC Clyde Space AB (publ)
AAC Clyde Space has appointed John Charlick COO and Ross Lang UK Head of Finance to the executive management team. A new structure for how the team operates has also been implemented in order to support the company's growing operations.

29 November 2019
Regulatory

2019-11-29 AAC Clyde Space AB

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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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