Press Releases

AAC Clyde Space with several satellites on Ariane Vega rocket

2020-06-19 AAC Clyde Space AB (publ)
The Arianespace's Vega rocket scheduled for launch on Sunday June 21 from French Guiana will launch a variety of hardware built by AAC Clyde Space, including two satellites built at our Glasgow factory. The launch is planned on June 21 at 01:51 UTC / 03:51 CET, can be followed on https://www.arianespace.com/ or https://www.youtube.com/arianespace

Vega was originally designed to loft satellites ranging from 300 to 2,500 kg. The coming flight will be the first to demonstrate a new technology for "ride-sharing" enabling more and smaller satellites to use the rocket to reach orbit. It will launch 53 micro and nanosatellites, of these seven microsatellites ranging from 15 kg to 150 kg and 46 smaller CubeSats.

"Sunday will be an exciting day for us when a lot of the hardware we built during the past couple of years will be sent into space. And this launch will mark the start of a very exciting chapter for the European space industry, firmly establishing Vega as a reference for the launch of small satellites. As a manufacturer of Cubesats we are delighted to be part of this important step in the development of this launcher" said AAC Clyde Space CEO Luis Gomes.

Vega will carry two satellites manufactured by AAC Clyde Space. PICASSO, a 3U CubeSat built for the Royal Belgian Institute for Space Aeronomy (BISA) and the European Space Agency (ESA). The satellite is an earth observation mission that will demonstrate a scientific capacity for atmospheric remote sensing with VISION (a hyper-spectral imager) and in situ measurements with the Sweeping Langmuir Probe. The launcher will also carry TARS, built for Kepler Communication. TARS will offer communication services for Internet of Things (IoT) and data backhaul applications.

Moreover, AAC Clyde Space has supplied key avionics to other spacecraft ride-sharing on the launch. Among these a Power Control and Distribution Unit (PCDU) and solar panels on Lux Space ESAIL satellite.

'"The launch of PICASSO is a very exciting moment that marks the beginning of a new era in the study of the Earth's atmosphere. Indeed, PICASSO will soon bring experimental evidence that CubeSats, and more generally small-sats, are now genuine scientific tools available to the Earth Observation community. Thanks to their small cost, which enables them to be deployed as a fleet, they will provide scientific-grade data with a high repetition rate and an unequaled ground coverage" said BIRA-IASB Project Manager Didier Pieroux.

"Kepler is looking forward to the successful commissioning of TARS and having its capacity added to our satellites already on orbit. All three of our pathfinder satellites have been built with AAC Clyde Space, and their success has enabled us to continue to execute against our Mission of building the internet in space." said Kepler Head of Satellite Programs & Launch, Jared Bottoms.

More information about the mission: https://www.arianespace.com/mission/vega-flight-vv16/

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
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.

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.

21 August 2020

2020-08-21 AAC Clyde Space AB (publ)
AAC Clyde Space's shares begins trading today on the OTCQX Market under the symbol "ACCMF". As an OTCQX-traded company, AAC Clyde Space can benefit from increased accessibility and visibility across the U.S. investment community. Current financial disclosure and real time quotes for the share can be found on www.otcmarkets.com.

19 August 2020
Regulatory

2020-08-19 AAC Clyde Space AB (publ)
AAC Clyde Space announces today that its shares have begun trading in the US on the Pink Market under the symbol "ACCMF" and that it has applied to have its shares trade on the OTCQX Market, the highest tier within the OTC group. This will make AAC Clyde Space's shares more accessible to US investors, who can now trade the shares in US dollars in the US. US investors can find current financial disclosure and real time quotes for the company on www.otcmarkets.com

07 July 2020
Regulatory

2020-07-07 AAC Clyde Space AB (publ)
Peter Anderson has been appointed Vice President Business Development with responsibility for Sales and Marketing of AAC Clyde Space's portfolio of products and services. In his new role, Peter Anderson will also join the group's management team.

19 June 2020

2020-06-19 AAC Clyde Space AB (publ)
The Arianespace's Vega rocket scheduled for launch on Sunday June 21 from French Guiana will launch a variety of hardware built by AAC Clyde Space, including two satellites built at our Glasgow factory. The launch is planned on June 21 at 01:51 UTC / 03:51 CET, can be followed on https://www.arianespace.com/ or https://www.youtube.com/arianespace

05 June 2020
Regulatory

2020-06-05 AAC Clyde Space AB (publ)
AAC Clyde Space Glasgow will develop, manufacture and gain in-orbit heritage on its next generation nano and small satellites having secured financial support from Scottish Enterprise (SE). With a standardized and modularized design, the satellites will combine cutting edge technology with constellation ready productization.

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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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