Press Releases

ÅAC Microtec and Bright Ascension Ltd launch a joint product offering

ÅAC Microtec AB (publ) and Bright Ascension Ltd launch a joint product offering for satellite integrators.

The previously announced Interim Agreement (press release 2017-05-23) has now been replaced with a Cooperation agreement.

The aim of the cooperation, as previously communicated, is to offer an integrated solution that combines ÅAC's "Sirius Avionics platform" with Bright Ascension's "GenerationOne Flight Software Development Kit". The product combination simplifies the development of complete satellites by providing ready-made components and interfaces for platform integration and constitutes the satellites flight operating system.

The purpose of the cooperation aims to strengthen the customer offering and broaden product exposure to potential customers, thus increasing sales opportunities for both companies. The cooperation agreement itself gives no party any direct revenue.

- Our equipment is designed to operate in a  wide range of platforms. This is the type of cooperation that adds flexibility to our products and expands our reach into many satellite integrators. We strongly believe that this strategy will provide good sales contributions, says ÅAC's acting CEO, Mats Thideman

2017-07-31

FOR MORE INFORMATION:

Please visit: www.aacmicrotec.com or contact:

Acting CEO and CFO Mats Thideman, mats.thideman@aacmicrotec.com, +46 70 556 09 73
Chairman of the board Rolf Hallencreutz, rolf.hallencreutz@aacmicrotec.com  , +46 70 964 21 60 

ABOUT ÅAC MICROTEC:
ÅAC Microtec is a supplier of spacecraft avionics and data management products, such as onboard computers, mass memory storage and power supplies. ÅAC's technical competence includes the advanced and robust, fault-tolerant microelectronics for critical space applications. The company also markets complete satellites (weight <150 kg) in collaboration with other specialized suppliers.

ÅAC Microtec's shares are traded on Nasdaq First North Stockholm. G&W Brokerage, telephone +46 8 503 000 50, is the Certified Adviser.

ABOUT BRIGHT ASCENSION:
Bright Ascension are space software specialists offering products and consultancy services to address the complete mission lifecycle. Their innovative and responsive approach is ideal for space ventures of all sizes. Bright Ascension's industry-leading technology lowers development time, cost and risk for missions from single nano-satellites through to larger spacecraft and constellations.

Bright Ascension are based in Dundee and Edinburgh, Scotland, UK. For more information, please visit:  http://www.brightascension.com/

04 September 2017
Regulatory

Brent Abbott brings to ÅAC extensive business development experience and was in his previous role responsible for major contracts with CYGNSS, a NASA constellation now flying, and OTB-1, the world's first completely commercial hosting satellite mission, due for launch next year. Michael Carey, current CEO, will remain in AAC Microtec North America Inc. as a member of the board.

23 August 2017
Regulatory

ÅAC Microtec AB ÅAC Microtec appoints Alfonso Barreiro, a seasoned space sector professional, as its new CEO.

16 August 2017
Regulatory

ÅAC Microtec AB ÅAC Microtec AB (publ.) receives 1.4 million SEK from the Swedish National Space Board to continue development of the patent pending Bluestone technology.

31 July 2017

ÅAC Microtec AB (publ) and Bright Ascension Ltd launch a joint product offering for satellite integrators.

23 May 2017
Regulatory

ÅAC Microtec AB ÅAC Microtec AB (publ) and Bright Ascension Ltd have today entered into an Interim Agreement that facilitates the joint offering of products for spacecraft avionics.

29 March 2017

ÅAC Microtec AB (publ) has appointed Iraklis Hatziathanasiou as a member of the company's management team. Iraklis Hatziathanasiou has over 15 years' experience in the aerospace and defence sector and, since January, is responsible for ÅAC's sales activities in Europe.

21 March 2017
Regulatory

ÅAC Microtec AB ÅAC Microtec AB (publ) received 2 million SEK from the Swedish National Space Board to integrate Cobham Gaisler's powerful LEON3FT processor in the Sirius data management system to enable more advanced missions.

18 January 2017
Regulatory

ÅAC Microtec a Swedish corporation developing and marketing satellite components and satellite buses announce today, the incorporation of a UK subsidiary based in Harwell, Oxfordshire. Following the recent successful IPO on the Nasdaq First North Stockholm, the Company has announced the expansion of its operations through the opening of a UK office. The UK operation will address the growing demand in UK and at other European organisations. The UK is one of the larger "Space Economies" in Europe and represents a significant market opportunity for ÅAC Microtec.

27 August 2016

ÅAC Microtec had the honor to host HE Ambassador Jun Yamazaki and Col. Hiroyuki Fujita at its office in Uppsala. The successful Uppsala-based space company updated them on the ongoing and future Japanese collaborations.

08 August 2016

York Space Systems and AAC Microtec announce a definitive agreement for the supply of advanced command and data handling avionics for York's S-Class small spacecraft platform. The avionics leverage AAC's unique design approach with low cost and high reliability. Under the agreement, the electronics will be manufactured by York in the United States; enabling broad reach across US Government and commercial markets.

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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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