ÅAC Microtec wins order from Eutelsat

AAC Clyde Space, Europe's leading New Space mission specialists, has won an order from leading satellite operator Eutelsat to deliver and launch two Internet of Things (IoT) 6U CubeSats.

The spacecrafts will be designed, manufactured, and made fit for launch at AAC Clyde Space in Glasgow. The payload, built around a sophisticated Software Defined Radio, will be developed in-house. The spacecrafts will host the first propulsion system onboard an AAC Clyde Space satellite.

The satellites are scheduled for launch into a low Earth Orbit (LEO) during first quarter of 2021 and will together with two other spacecraft, start to deliver the mission's first commercial services. The contract value amounts to EUR 2 M (approx. 21,4 MSEK) up to potentially EUR 5 M (approx. 53,5 MSEK) depending on chosen options and services. If proven successful, Eutelsat plans to expand the mission into a full commercial constellation of 25 satellites dedicated to IoT services by 2022. The constellation will offer global coverage for IoT, enabling objects to transmit data whatever their location.

Luis Gomes, CEO AAC Clyde Space commented: "At a time IoT is driving growth in the satellite industry, we have merged our highly miniaturized satellite platforms with a powerful IoT payload, to create a unique product that can be manufactured in large numbers and at low cost, while offering excellent performance. Being awarded this contract shows the trust a major operator has in AAC Clyde Space's technology and manufacturing capability to supply complex, operational satellites for the constellations of the future. We are honored for being chosen by Eutelsat and look forward to deliver these satellites and to support Eutelsat in their future IoT constellation plans."

Eutelsat Communications is one of the world's leading satellite operators with a global fleet of satellites and ground-based facility. The French group delivers over 7,000 channels, operated by the largest television groups, to an audience of one billion television viewers equipped for satellite reception or connected to terrestrial networks.

2019-09-24

FOR MORE INFORMATION:
Please visit: www.aac-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 09:00 CET on 24 September 2019.

ABOUT AAC CLYDE SPACE
The group AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivalled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact.

ÅAC Microtec's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail certifiedadviser@penser.se, telephone +46 8 463 83 00, is the Certified Adviser.

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ÅAC Microtec byter namn till AAC Clyde Space

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Bolagsverket har idag godkänt bolagets ansökan om namnändring, vilket innebär att moderbolaget och därmed även koncernen, byter namn till AAC Clyde Space. Namnet har tidigare använts i marknadskommunikation och är väl känt på småsatellitmarknaden.


ÅAC Microtec changes name to AAC Clyde Space

2019-11-06 AAC Clyde Space (previously ÅAC Microtec AB)

The Swedish Companies Registration Office has today approved the company's application for name change, wherefor the parent company and thus the group changes its name to AAC Clyde Space. The name has previously been used in marketing communication and is a well reputed brand in the small satellite market.


Ledningsförändring i ÅAC Microtec

2019-11-06 ÅAC Microtec AB (AAC Clyde Space)

Iraklis Hatziathanasiou lämnar sin position som VP Business Development på AAC Clyde Space. VD Luis Gomes agerar från och med idag tillförordnad VP Business Development.


Change in the management team of ÅAC Microtec

2019-11-06 ÅAC Microtec AB (AAC Clyde Space)

Iraklis Hatziathanasiou leaves his position as VP Business Development at AAC Clyde Space. CEO Luis Gomes will, as of today, take over as acting VP Business Development.


Kommuniké från extra bolagsstämma i ÅAC Microtec AB (publ) (u.n.ä. till AAC Clyde Space AB (publ))

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Vid extra bolagsstämma i ÅAC Microtec AB (publ) (under namnändring till AAC Clyde Space AB (publ)) den 29 oktober 2019 fattades följande beslut:


Bulletin from extraordinary general meeting in ÅAC Microtec AB (publ) (under change of name to AAC Clyde Space AB (publ))

2019-10-29 ÅAC Microtec AB (under change of name to AAC Clyde Space AB)

At the extraordinary general meeting in ÅAC Microtec AB (publ) (under change of name to AAC Clyde Space AB (publ)) held on 29 October 2019 the following resolutions were adopted:


ÅAC Microtecs framgång med Sirius fortsätter med 11,3 MSEK order

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ÅAC Microtec's Sirius range extends its success through 11.3 MSEK order

AAC Clyde Space, Europe's leading New Space mission specialists, extends the success of its Sirius satellite subsystems range with an order valued at a total of 11.3 MSEK, from a major European satellite manufacturer. Two sets of subsystems will be delivered in six months and will be used in an undisclosed mission.


ÅAC Microtec vinner order på delsystem till småsatelliter från US Air Force Academy

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AAC Clyde Space, har fått en ny order på delsystem från US Air Force Academy till deras FalconSat-program. Ordern, med ett värde på ca 655 000 USD (ca 6,4 MSEK), avser tre solpaneler och åtta 1,2Nm reaktionshjul till småsatelliter i nästa FalconSat-mission. Det är tredje gången US Air Force Academy har valt AAC Clyde Space för leverans av delsystem till deras rymdmission för småsatelliter.


ÅAC Microtec Awarded Contract from US Air Force Academy for Small Satellite Components

2019-10-01 ÅAC Microtec AB (AAC Clyde Space)
AAC Clyde Space, has received a new order of components from the US Air Force Academy and its FalconSat programme. The order, with a value of USD 655,000 (approx. 6,4 MSEK), is for a set of THREE small satellite solar panels and EIGHT 1.2Nms small satellite reaction wheels for the next FalconSat mission. This is the third time the US Air Force Academy has selected AAC Clyde Space to supply small satellite components for its missions.


ÅAC Microtec AB (publ) beviljas 2,2 MSEK för nästa generations kraftsystem

AAC Clyde Space har beviljats anslag om 2,2 miljoner SEK från Rymdstyrelsen för att stödja utvecklingen av nästa generations kraftsystem (EPS) för satelliter i storleken 50 - 250 kg. Denna nästa generations "Starbuck-Mini EPS" erbjuder satellittillverkare ett tillförlitligt och konkurrenskraftigt alternativ till egentillverkade kraftsystem.


ÅAC Microtec AB (publ) awarded 2.2 MSEK to develop next generation power subsystems

AAC Clyde Space has been awarded 2.2 million SEK from the Swedish National Space Agency to support the development of its next generation of satellite power subsystems (EPS) for the 50 - 250 kg satellite class. This next gen Starbuck-Mini EPS will offer a reliable and competitively priced option to spacecraft manufacturers.


Kallelse till extra bolagsstämma i ÅAC Microtec AB (publ)

Aktieägarna i ÅAC Microtec AB (publ), org.nr 556677-0599, kallas härmed till extra bolagsstämma den 29 oktober 2019 klockan 13.00 att avhållas i bolagets lokaler på Dag Hammarskjölds väg 48, 752 37 Uppsala. Inregistrering till stämman börjar 12.30.


Notice to attend the extraordinary general meeting in ÅAC Microtec AB (publ)

The shareholders in ÅAC Microtec AB (publ), reg. no. 556677-0599, are hereby given notice to attend the extraordinary general meeting at 29 October 2019 at 13:00 p.m. (CET) at the company's premises at Dag Hammarskjölds väg 48, 752 37 Uppsala, Sweden. Registration for the meeting commences at 12:30 p.m. (CET).


ÅAC Microtec vinner order från Eutelsat

AAC Clyde Space, Europas ledande småsatellitbolag, har vunnit en order från den ledande satellitoperatören Eutelsat för leverans och uppskjutning av två IoT-satelliter i storleken 6U.


ÅAC Microtec wins order from Eutelsat

AAC Clyde Space, Europe's leading New Space mission specialists, has won an order from leading satellite operator Eutelsat to deliver and launch two Internet of Things (IoT) 6U CubeSats.


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