Press Releases
In addition to his role as CFO, Mats Thideman is appointed Deputy CEO
In his role as Deputy CEO, Mats will work with the ÅAC's continued conversion to become a commercial product company. The work includes reviewing the company's processes and organisation.
ÅAC's newly appointed CEO Alfonso Barreiro focuses on the company's business development and strategy. Under Alfonso's leadership, together with the dedicated employees of ÅAC, the prerequisites for ÅAC to become a major company in the small satellite market are fulfilled.
2017-10-06
FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:
CEO Alfonso Barreiro, [email protected], +46 70 751 16 70
Chairman of the board Rolf Hallencreutz, [email protected] , +46 70 964 21 60
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.
ÅAC Microtec AB Date: Monday, November 27, 10:50 am
Place: Svenska Mässan, Mässans Gata 8, Gothenburg
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.
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.
In addition to his role as CFO, Mats Thideman is appointed Deputy CEO
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.
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.
ÅAC Microtec AB ÅAC Microtec appoints Alfonso Barreiro, a seasoned space sector professional, as its new CEO.
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.
ÅAC Microtec AB (publ) and Bright Ascension Ltd launch a joint product offering for satellite integrators.
IR CONTACT
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.