ÅAC Microtec wins order for Sirius Avionics from Loft Orbital Solutions Inc.

ÅAC Microtec AB has been selected to supply electronics for an onboard technology to enable Payload Rideshares on micro satellites developed by Loft Orbital Solutions Inc. The order with a value of approx. 4.7 MSEK (490 kUSD) is planned to be delivered in the second half of 2019.

Loft Orbital Solutions has selected ÅAC's Sirius avionics, with some customer-specified enhancements, for its Payload Interface & Control Unit (PICU) that facilitates its versatile Payload Rideshares on its 75-200kg class micro satellites. The first satellite mission, YAM-2, utilizing this Sirius avionics-based PICU is expected to be completed by the end of the year, with options for subsequent missions pre-agreed. Loft Orbital selected Sirius products for its PICU due to the high-quality, reliability and the flexibility to quickly incorporate Loft Orbital's customer-specific extensions in the Sirius avionics.

"Loft Orbital's decision represents a significant endorsement for the Sirius product range and also displays the increasing traction for our products in the U.S. market. We are excited to be part of their pioneering solutions for customers who want reliable and high-quality access to space infrastructure," says AAC Clyde Space Vice President of Business Development; Iraklis Hatziathanasiou.

"We feel confident in our selection of Sirius avionics for the PICU of our YAM-2 micro satellite mission. The product characteristics, reliability and ÅAC Microtec's capacity to quickly adapt to our specific extensions represents a perfect match for us, allowing us to demonstrate our flexible interface and hosting concept for fast and affordable access to space on high-reliability platforms." says Loft Orbital's Chief Engineer & YAM-2 Mission Manager; Pieter van Duijn.

Loft Orbital Solutions Inc. is a U.S. company offering affordable, reliable and fast access to space through high-performance and high-reliability satellite platforms by utilizing specific technology for multi-payload interfacing, accommodation and satellite operations. Starting 2020, the company is planning for a cadence of quarterly missions.

2019-05-16

FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com and www.clyde.space or contact:
CEO Luis Gomes, investor@aacmicrotec.com
Chairman of the Board, Rolf Hallencreutz, investor@aacmicrotec.com 

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 CEST on 16 May, 2019

ABOUT ÅAC MICROTEC AB
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 ca@gwkapital.se, phone +46 8 503 000 50, is the Certified Adviser.

Delårsrapport för ÅAC Microtec AB (publ) januari - juni 2019

Andra kvartalet, april - juni 2019 (jämfört med april - juni 2018)

  • Nettoomsättningen uppgick till 16,7 (22,1) MSEK
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till -7,7 (-5,8) MSEK. EBITDA exklusive valutakursförluster uppgick till -5,2 (-5,8) MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -10,8 (-10,0) MSEK
  • Resultat efter skatt uppgick till -11,0 (-10,0) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,14 (-0,15) SEK
  • Kassaflödet från den löpande verksamheten uppgick till -3,6 (-14,6) MSEK

Interim report for ÅAC Microtec AB (publ) January - June 2019

Second quarter, April-June 2019 (compared with April-June 2018)

  • Net sales amounted to SEK 16.7 M (22.1)
  • Operating loss before depreciation/amortisation (EBITDA) totalled SEK -7.7 M (-5.8). EBITDA excluding exchange losses totalled SEK -5.2 M (-5.8)
  • Operating loss after depreciations/amortisations totalled SEK -10.8 M (-10.0)
  • Loss after tax totalled SEK -11.0 M (-10.0)
  • Basic and diluted earnings per share amounted to SEK -0.14 (-0.15)
  • Cash flow from operating activities totalled SEK -3.6 M (-14.6)

ÅAC MICROTEC TECKNAR AVTAL MED ERIK PENSER OM ANALYSUPPDRAG

AAC Clyde Space har ingått avtal om analystjänsten Penser Access med Erik Penser Bank. Den första analysen publiceras då Erik Penser är klar med genomgången av AAC Clyde Space.


ÅAC MICROTEC SIGNS AGREEMENT WITH ERIK PENSER REGARDING ANALYTICAL SERVICES

AAC Clyde Space has signed an agreement for the analytical service Penser Access with Erik Penser Bank. The first analysis will be published when Erik Penser has finalised the review of AAC Clyde Space.


ÅAC Microtec lanserar ny branding och ny hemsida

ÅAC Microtec AB och dotterbolaget Clyde Space Ltd lanserar ny branding och en ny hemsida. Från och med måndag 5 augusti verkar företagen under namnet "AAC Clyde Space"; ett namn som bibehåller arvet från båda företagen i Sverige och Skottland och återspeglar att de arbetar som en enhet. Det nya gemensamma namnet åtföljs av en ny design och logotyp.


ÅAC Microtec announces unveiling of new branding and website

ÅAC Microtec AB, and its subsidiary Clyde Space Ltd, announce the unveiling of the company's new combined branding and website.  From Monday 5th August, both business will operate under the name 'AAC Clyde Space'; a name that maintains the heritage of both businesses in Sweden and Scotland and combined to reflect the fact that both sites work together as one operation.  The change in name will be accompanied by a new logo and branding.


ÅAC Microtec bekräftar lyckad uppskjutning av NSLSat-1, bolagets fjärde uppskjutning under 2019

Fredag 5 juli kl. 07:41 CEST avfyrades NSLSat-1 via EXOLAUNCH på raketen Soyuz 2.1b. Raketen sköts upp från Vostochny Cosmodrome i Ryssland in i låg omloppsbana (Low Eart Orbit, LEO). AAC Clyde Space har etablerat kontakt med satelliten från sin markstation i Glasgow och alla system fungerar planenligt. AAC Clyde Space ansvarar för hela uppdraget kring NSLSat-1, från design och produktion av satelliten, till dataleveranser till israeliska NSLComm.


ÅAC Microtec confirms successful launch of NSLSat-1, the company's fourth deployment in 2019

NSLSat-1, was successfully launched on Friday 5 July at 07:41 CEST by EXOLAUNCH on the Soyuz 2.1b launch vehicle from the Vostochny Cosmodrome, Russia, into Low earth Orbit (LEO). AAC Clyde Space has since made contact with spacecraft from their Glasgow based ground station, with spacecraft systems performing as planned. AAC Clyde Space are providing a full end-to-end mission service package for this mission, from mission design and satellite manufacture to data supply for Israel's NSLComm.






ÅAC nyemission övertecknad

ÅAC Microtec AB ÅAC Microtec AB:s (publ) ("ÅAC" eller "Bolaget") nyemission med företrädesrätt för aktieägarna ("Företrädesemissionen") har avslutats. Intresset var stort och sammanlagt tecknades Företrädesemissionen till 139 procent. Bolaget tillförs därmed 82,5 MSEK före emissionskostnader.


ÅAC rights issue oversubscribed

ÅAC Microtec AB's (publ) ("ÅAC" or "the Company") rights issue with preferential rights for the shareholders ("the Rights Issue") has been completed. The interest was high, and the total subscription amounted to 139 percent. Consequently, ÅAC will receive proceeds of SEK 82.5 million before issue costs.


ÅAC Microtec utser MID Co Ltd som ny distributör på sydkoreanska marknaden

ÅAC Microtec har utsett MID Co Ltd som ny distributör på den sydkoreanska marknaden. MID Co. Ltd bildades 2018 av ett sydkoreanskt team som har lång erfarenhet inom rymdindustrin. Distributionsavtalet omfattar alla AAC Clyde Space produkter och syftar till att tillgodose behoven av delsystem och plattformar till den växande sydkoreanska kubsatellit- och småsatellitmarknaden.


ÅAC Microtec appoints MID Co. Ltd as new distributor in South Korean Market

ÅAC Microtec has appointed MID Co. Ltd as their new distributor in the South Korean Market. MID Co. Ltd was formed in 2018 by a South Korean team that has a long experience of operating in the Space Industry. The distribution agreement covers all products across the group and aims to address the needs of the South Korean market which is a growing market for CubeSat and SmallSat platforms and sub-systems.


ÅAC Microtec levererar sin första 6U kubsatellit, NSLSat-1

ÅAC Microtec ABs dotterbolag, Clyde Space, har levererat sin första 6U kubsatellit, NSLSat-1, för uppskjutning. Denna banbrytande kommunikationssatellit är en del av "space-as-a-service"-kontraktet med NSLComm där AAC Clyde Space designar, tillverkar, skjuter upp och driftar satelliten för NSLComms vägnar. Syftet med missionen är att revolutionera kommunikationsnätverket i rymden med ett innovativt, högpresterande, utfällningsbart antenn- och reflektorsystem. Satelliten är avsedd att vara den första i en framtida konstellation av cirka 80 satelliter.


ÅAC Microtec delivers first 6U CubeSat, NSLSat-1

ÅAC Microtec AB's subsidiary, Clyde Space, has delivered its first 6U CubeSat, NSLSat-1, to the launch provider. This groundbreaking communications satellite is part of a space-as-a-service contract under which AAC Clyde Space designs, manufactures, launches, and operates the satellite on behalf of NSLComm. The mission is set to revolutionize the space communications network with the introduction of an innovative, high-performance, deployable antenna & sub-reflector system. The satellite is intended to be the first in a future constellation of about 80 satellites.




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