ÅAC Microtec wins 5 MSEK launch order from KP Labs

ÅAC Microtec AB's subsidiary, Clyde Space, has been selected by Polish KP Labs to provide launch for the mission Intuition-1. The order value is 0.4 MGBP (approx. 5 MSEK).

Earlier in March, KP Labs selected AAC Clyde Space to design and manufacture a satellite platform for its mission, an order of 0,5 MGBP (approx. 6,1 MSEK).  In this order KP Labs extends the collaboration to also include arranging the launch and in orbit commissioning of the satellite as well as the early operations phase of he mission. Launch is currently scheduled for the fourth quarter 2022.

"The process of selecting a platform and a launch supplier has been quite complex. We analyzed a lot of parameters and at the end of the day, AAC Clyde Space offered us everything we needed in both areas, meeting high requirements for power, precision, volume and providing us a wide variety of launch options, which is crucial for our mission. We received a very well-tailored proposal, which describes not only what we get, but most of all - why we get it," says Grzegorz ada, Project Manager of the Intuition-1 programme.

The mission aims to demonstrate an advanced hyperspectral imager and novel on-board processor developed by KP Labs. The 6U satellite holds the potential to become the first with processing capability to segment hyperspectral images in orbit, using neural network techniques.

"We are thrilled to receive this second order from KP Labs, expanding our contribution to their exciting first mission through the provision of launch services," says Craig Clark MBE, Clyde Space Founder and CSO. 

Traditionally used in the mining industry, hyperspectral imaging is increasingly being used in a variety of applications. KP Labs envisage future use for its technology in applications ranging from agriculture, forestry and mining, to environmental protection and defense.

KP Labs is part of the Polish FP Space consortium aiming to develop machine learning and big data applications for use in space. The software development company Future Processing and the electronics company FP Instruments are part of the consortium alongside KP Labs.


Please visit: and or contact:
Acting CEO Mats Thideman,
Chairman of the Board, Rolf Hallencreutz,

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 08:50 CET on 18 March, 2019.

ÅAC Microtec and its subsidiary Clyde Space offer a full turnkey mission service from design to on-orbit operations including reliable platforms in the range of 1 to 50 Kg; customizable to suit our customers' requirements. Our end-to-end service package enables our customers to reach their mission goals with a single, trusted point of contact. In addition, we supply a full range of subsystems for cube satellites and small satellites. 

ÅAC Microtec's shares are traded on Nasdaq First North Stockholm. G&W Fondkommission, e-mail, phone +46 8 503 000 50, is the Certified Adviser.

04 juni 2020

2020-06-04 AAC Clyde Space AB (publ)
AAC Clyde Space har valts ut för att utveckla en solpanel till Moogs nya Small Launch Orbital Manoeuvering Vehicle (SL-OMV), en rymdfarkost som transporterar och placerar kubsatelliter i deras slutgiltiga omloppsbana. Ordervärdet är 340 000 GBP (ca 4,0 MSEK), leverans planeras under Q1 2021.

02 juni 2020

2020-06-02 AAC Clyde Space AB (publ)
Årsstämman i AAC Clyde Space AB (publ) ägde rum tisdagen den 2 juni 2020 i bolagets lokaler på Dag Hammarskjölds väg 48, 751 83 Uppsala. Vid stämman fattades bland annat följande beslut.

01 juni 2020

2020-06-01 AAC Clyde Space AB (publ)
AAC Clyde Space bjuder in aktieägare till en livesänd frågestund med VD Luis Gomes och CFO Mats Thideman den 9 juni kl 10.30.

15 maj 2020

2020-05-15 AAC Clyde Space AB (publ)

30 april 2020

2020-04-30 AAC Clyde Space (publ)
Aktieägarna i AAC Clyde Space AB (publ), org. nr 556677-0599 (nedan benämnt "Bolaget"), kallas härmed till årsstämma tisdagen den 2 juni 2020 klockan 13.00 att avhållas i AAC Clyde Spaces lokaler, Dag Hammarskjölds väg 48, 751 83 Uppsala. Inregistrering till stämman börjar klockan 12.30.

16 april 2020

2020-04-16 AAC Clyde Space (publ)
AAC Clyde Space har vunnit ytterligare en 2,5 MSEK (USD 250 000) order från Loft Orbital på kraftsystem till två satelliter. Systemen ska levereras under 2020, först en utvecklingsmodell under innevarande kvartal som ska följas av flygmodeller till två satelliter under senare hälften av 2020.

02 april 2020

2020-04-02 AAC Clyde Space AB (publ)
AAC Clyde Space har vunnit en order på en 6U-satellit till ett värde av ca 8 MSEK (642 000 GBP) från Orbital Micro Systems (OMS). Satelliten, som skjuts upp inom ramen för det brittiska rymdprogrammet, kommer att ingå i OMS kommersiella GEMS-program som ska leverera korrekt och aktuell väderinformation till företag över hela världen för att öka verksamheternas effektivitet och minimera skador orsakade av extremt väder. Satelliten är planerad att levereras i april 2021.

17 mars 2020

2020-03-17 AAC Clyde Space AB (publ)



Mats Thideman CFO och vice VD
+46 70-556 09 73


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