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ÅAC Microtec appoints new CEO

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

Alfonso Barreiro brings to ÅAC extensive experience and a wide network of contacts in the space sector. Alfonso has previously been responsible for strategic alliances in the space industry, launching satellite programs, service offerings and development of complex satellite systems propositions.

In his last appointment, Alfonso had held the role of "VP Business Development for Earth Observation" at the satellite operator and data provider UrtheCast, where he was responsible for cooperation with leading European space primes, such as Airbus, Thales-Alenia, Leonardo and SSTL. Preceding his most recent position, Alfonso was responsible for strategic development within the Elecnor Deimos Group. His professional career includes appointments at the European Space Agency (ESA) and the telecom division of SAINCO. Alfonso holds a bachelor's degree in space technology from Northrop University in California and a master's degree in space engineering from the Cranfield Institute of Technology in the United Kingdom.

- It's been a long search process for our new CEO, targeting candidates with extensive experience from different areas of the space sector and a successful track record in technology and business development. Alfonso brings a commercial outlook with more than 20 years' experience in the private sector and matches the requirement of finding an individual with a strong international experience. Having lived in seven countries and having conducted business in more than 30 nations, including international organizations and institutions, such as, the EU, NATO and the UN, he constitutes a unique asset for ÅAC. Today we are very pleased to welcome Alfonso to ÅAC Microtec, concludes Rolf Hallencreutz, Chairman of the Board.

- ÅAC Microtec has excellent potential for growth and it is well on its way to reach very ambitious goals as a leading commercial product company. A most interesting prospect for the team and me, says Alfonso Barreiro

Alfonso will move to Sweden and commence his work with ÅAC Microtec no later than October 16, 2017.

2017-08-23

FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:

Acting CEO and CFO Mats Thideman, [email protected], +46 70 556 09 73
Chairman of the board Rolf Hallencreutz, [email protected] , +46 70 964 21 60

The information in this press release is such that ÅAC Microtec AB (publ) 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 08:15 CET on 23 August, 2017.

ABOUT ÅAC MICROTEC
ÅAC Microtec is a supplier of spacecraft avionics, such as onboard computers, mass memory storage and power management units. 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 Fondkommission, telephone +46 8 503 000 50, is the Certified Adviser.

21 November 2017

ÅAC Microtec AB Date: Monday, November 27, 10:50 am 
Place: Svenska Mässan, Mässans Gata 8, Gothenburg

06 November 2017
Regulatory

ÅAC has in recent weeks won important and prestigious orders indicating that the company's transition from a development company into a commercial product company is well underway. ÅAC would like to underscore though that this transition also involves transiting from one revenue model with steady income streams from development projects into the new revenue model primarily based on product sales.

06 November 2017
Regulatory

ÅAC has secured a contract with Airbus Defense and Space in UK to supply power subsystems for the ground testing of the ExoMars rover. This is the first of two orders for this type of equipment with an initial order value of 1.1 MSEK a delivery timescale of February 2018.

03 November 2017
Regulatory
ÅAC Microtec AB ÅAC has received an order for a development unit of its Sirius product line from a new Japanese customer. The development unit will be used in the spacecraft design process. It is expected that further orders will follow for manufacturing flight models that aim to be launched in the timeframe 2019-2020. The value of the initial order is approximately 0.4 MSEK and will be delivered before the end of November 2017.
06 October 2017

In addition to his role as CFO, Mats Thideman is appointed Deputy CEO

03 October 2017
Regulatory

ÅAC Microtec's Sirius products have been selected as key components for the development of two new platforms. The customers are commercial organisations based in England and Japan. The order value of the development unit's amounts to approximately 65 kEUR.

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.

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IR CONTACT

Mats Thideman CFO and Deputy CEO
+46 70-556 09 73 [email protected]

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