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Astroscale extends AAC Clyde Space order by GBP 0.611 M

2022-12-08 AAC Clyde Space
Astroscale Ltd. has extended its order from AAC Clyde Space for its end-of-life space debris removal service, ELSA-M, with additional hardware and functionality valued at GBP 0.611 M (approx. SEK 7.7 M). The order follows orders announced earlier in 2022 for a Sirius computer and a Starbuck power system totalling GBP 1.8 M (approx. SEK 23.0 M).

Traffic in Low Earth Orbit is increasing exponentially. To respond to the growth and vital services provided by large satellite constellations, the space industry is developing new practices to reduce space debris and clear the orbital highways. In May 2021, Astroscale UK selected AAC Clyde Space to co-engineer a satellite platform for a space debris removal service known as End-of-Live Services by Astroscale Multi-mission (ELSA-M). As part of this project, AAC Clyde Space designed and updated its Starbuck power subsystem, Sirius avionics, and other systems for inclusion on this specific mission in Low Earth Orbit (LEO).

The ELSA-M satellite servicer will be designed and optimised to remove multiple pieces of debris from LEO in a single orbital mission. The development of the ELSA-M commercial service is supported by the UK Space Agency and European Space Agency as part of the ESA Sunrise programme.

Designed to remove its first defunct LEO satellite in 2024, this latest mission will use knowledge gained from the ELSA-d in-orbit demonstration in 2021-2022 which tested Astroscale's magnetic capture system, rendezvous and proximity operations and on-board systems successfully.

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes [email protected]
CFO Mats Thideman, [email protected], mobile +46 70 556 09 73

Please visit: https://astroscale.com/elsa-m/ to discover the service plans or contact:
Marketing & Communications Executive Robyn Haigh [email protected], +44 7501964713

ABOUT AAC CLYDE SPACE
AAC Clyde Space specialises in small satellite technologies and services that enable businesses, governments and educational organisations to access high-quality, timely data from space. Its growing capabilities bring together three divisions:

Space Data as a Service - delivering data from space directly to customers
Space missions - turnkey solutions that empower customers to streamline their space missions
Space products and components - a full range of off-the-shelf and tailor-made subsystems, components and sensors

AAC Clyde Space aims to become a world leader in commercial small satellites and services from space, applying advances in its technology to tackle global challenges and improve our life on Earth.

The Group's main operations are located in Sweden, the United Kingdom, the Netherlands, South Africa and the USA, with partner networks in Japan and South Korea.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB is the Certified Adviser. The share is also traded on the US OTCQX-market under the symbol ACCMF.

ABOUT ASTROSCALE
Astroscale is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations, and the leading company dedicated to in-orbit servicing across all orbits.

Founded in 2013, Astroscale is developing innovative and scalable solutions across the spectrum of in-orbit servicing, including life extension, in situ space situational awareness, end-of-life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous build-up of debris in space. Astroscale is also defining business cases and working with government and commercial stakeholders to develop norms, regulations, and incentives for the responsible use of space.

Headquartered in Japan, Astroscale has an international presence with subsidiaries in the United Kingdom, the United States, and Israel. Astroscale Ltd., the U.K. and European subsidiary of Astroscale Holdings Inc. ("Astroscale"), has been defining the business case for debris removal services since 2017, leading the Mission Operations and commercialisation of the companies End-of-Life services, including developing the ELSA-d Mission Operations, the ELSA-M multi-client service and the Astroscale Docking Plate. The team has rapidly grown to over 140 employees, recently moving into new offices and satellite manufacturing facilities within the Zeus building complex located on Harwell Science and Innovation Campus, Oxfordshire, UK.

01 February 2023
Regulatory

2023-02-01 AAC Clyde Space AB (publ)
AAC Clyde Space has won an order for satellite subsystems valued at USD 2.3 M (approx. SEK 23.8 M) from a US development company supplying spacecraft and other multi-mission systems.

26 January 2023

2023-01-26 AAC Clyde Space AB (publ)
A consortium including AAC Clyde Space's subsidiary AAC Hyperion has been selected by European Defence Fund to develop a less than 100 kg satellite to be placed in geostationary orbit (GEO) for space situational awareness. The satellite, named Naucrates, is not to be trackable from ground radar, optical telescope or radio telescope. It is set to be the first European GEO satellite for Space Situational Awareness (SSA) in GEO.

17 January 2023

2023-01-17 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has received a EUR 234 k (approx. SEK 2.6 M) order from UK-based Space Forge to provide space products for a demonstration spacecraft designed to leverage the space environment for production and experiments, capable of performing multiple trips to space.

12 January 2023

2023-01-12 AAC Clyde Space AB (publ)
An AAC Clyde Space manufactured satellite was lost when the Virgin Orbit rocket launched from Cornwall on Monday, January 10, failed to reach orbit. All satellites on the launch are reported to have been lost, including IOD-3 manufactured by AAC Clyde Space for the Satellite Applications Catapult.

06 January 2023

2023-01-06 AAC Clyde Space AB (publ)
Kelpie-1, a 3U AAC Clyde Space EPIC nanosatellite, was successfully launched on the SpaceX Transporter-6 mission on January 3, 2023. Kelpie-1 will deliver AIS data to the U.S. company ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a second Kelpie satellite in the first half of 2023.

12 December 2022

2022-12-12 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading space solution company, has received a USD 0.85 m (approx. SEK 8.8 m) order on subsystems for the IM-3 mission to the Moon led by the U.S. company Intuitive Machines. The order is the third received by AAC Clyde Space for the U.S. company's lunar landing missions.

08 December 2022

2022-12-08 AAC Clyde Space
Astroscale Ltd. has extended its order from AAC Clyde Space for its end-of-life space debris removal service, ELSA-M, with additional hardware and functionality valued at GBP 0.611 M (approx. SEK 7.7 M). The order follows orders announced earlier in 2022 for a Sirius computer and a Starbuck power system totalling GBP 1.8 M (approx. SEK 23.0 M).

02 December 2022

2022-12-02 AAC Clyde Space AB (publ)
AAC Clyde Space has won a contract to maintain radiometers in the telescopes of the Atacama Large Millimeter/submillimeter Array (ALMA) in Chile. The contract runs for five years and is worth 574 kEUR (approx. 6.2 MSEK).

24 November 2022

2022-11-24 AAC Clyde Space AB (publ)
The previous owners of Omnisys Instruments AB convert the remaining third of their warrants into shares in AAC Clyde Space. Consequently, AAC Clyde Space has issued 5,780,845 shares, bringing the total number of shares in AAC Clyde Space to 204,811,821.

24 November 2022

2022-11-24 AAC Clyde Space AB (publ)
AAC Clyde Space has delivered the first Kelpie satellite to Cape Canaveral, Florida, in preparation for its planned launch onboard the SpaceX Transporter 6 mission expected in December 2022. The 3U EPIC nanosatellite will deliver data to the U.S. company ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a second Kelpie satellite in the first half of 2023.

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IR CONTACT

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

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