Telescopes

Press Releases

Brent Abbott appointed new CEO for AAC Microtec North America

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.

Prior to joining AAC Microtec, Abbott served as Director of Business Development for Surrey Satellite Systems US. He was responsible for bringing in the company's first major contracts - CYGNSS (The Cyclone Global Navigation Satellite System), a NASA constellation now flying, and OTB-1, the world's first completely commercial hosting satellite mission carrying payloads for a variety of commercial, government, and academic organizations, due for launch next year. Brent was also instrumental in landing the Formosat-7/COSMIC-2 constellation program for Surrey UK. Prior to joining Surrey in 2008, Abbott served as business development manager at Honeywell Defense & Space for 17 years responsible for satellite subsystems sales. His background also includes work as an engineer at Honeywell Commercial Aviation. Brent has a Bachelor of Science degree in electrical engineering from Iowa State University.

- We welcome Brent Abbott as CEO of AAC Microtec North America, says Michael Carey, CEO AAC Microtec North America Inc. He is exactly the right person with the right skills to further develop the US market. I look forward to working with Brent and supporting his initiatives.

- My experience of bringing new products to the US market solidly bolsters ÅAC's expansion plans - we're a very good fit, said Brent Abbott. I see that ÅAC's products are well placed for the expanding small satellite market, and I look forward to elevating us to the next level in North America.

- I am excited to welcome Brent to the ÅAC team. This is another important step to establish ÅAC Microtec as a leading commercial satellite company, concludes Mats Thideman, acting CEO and CFO ÅAC Microtec AB

Brent will commence his work with ÅAC Microtec on 6 September 2017.

2017-09-04

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 08:30 CET on 4 September, 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.

<<
1
...
17
18
19
20
>>

IR CONTACT

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

SUBSCRIBE

Press releases and reports by e-mail.

By submitting your e-mail address you consent to receiving newsletters and other marketing messages from us. You may opt-out at any time by clicking the unsubscribe link provided in each message.