AAC Clyde Space closes £8.4m Space Data as a Service contract with Wyvern

2021-06-30 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading New Space company, has entered into a £8.4m (approx. SEK 100m) contract to deliver high-resolution, multi-band, hyperspectral data from space to Canadian Earth observation company Wyvern Inc. over an initial four-year period, with an intended start mid-2022.

Under the agreement, AAC Clyde Space will design, manufacture, and own three 6U EPIC satellites equipped with hyperspectral payloads, while Wyvern Inc. commits to subscribe to the data service for four years. After the first four years, the contract can be extended on an annual basis. The first satellite is planned for launch during first half year 2022, followed by two satellites planned for launch during the second half year 2022.

"We are delighted that Wyvern, a specialist in Earth observation, has opted for the Space Data as a Service model to capture data. It will enable them to focus on delivering high quality services to their customers, while leaving to us to do what we do best - design, manufacture and operate spacecrafts," says AAC Clyde Space CEO Luis Gomes. "This contract is our largest Space Data as a Service contract to date. I foresee many more to come, both larger and smaller, as businesses discover this cost efficient and convenient way to access data from space-based assets."

The satellites will deliver hyperspectral data, a method for capturing images of Earth across multiple bands, providing much more information than the three main colour bands that the human eye captures. Wyvern will first offer the data to the agriculture sector where it will help optimize yields, and detect invasive plants, pests and changes in soil makeup.

Wyvern's CEO Chris Robson says "Wyvern aims to deliver Earth observation data in the hyperspectral bands to new customers at greater value. Working with AAC Clyde Space is a first step in securing the market while we develop optical technology that will continue to revolutionise space-based data for a variety of sectors."

In March 2021, AAC Clyde Space announced it had agreed with Wyvern to secure the launch of three satellites into orbit in 2022 for this purpose.

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes [email protected]
CFO Mats Thideman, [email protected], mobile +46 70 556 09 73

For more information about Wyvern Inc.: www.wyvern.space

The information in this press release is such that AAC Clyde Space 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 17:45 CEST on 30 June 2021.

ABOUT AAC CLYDE SPACE
AAC Clyde Space specialises in small satellite technologies and services that enable businesses, governments and educational organisations to access high-quality, timely data from space. Its growing capabilities bring together three divisions:

Space Data as a Service - delivering data from space directly to customers
Space missions - turnkey solutions that empower customers to streamline their space missions
Space products and components - a full range of off-the-shelf and tailor-made subsystems, components and sensors

AAC Clyde Space aims to become a world leader in commercial small satellites and services from space, applying advances in its technology to tackle global challenges and improve our life on Earth.

The Group's main operations are located in Sweden, the United Kingdom, the Netherlands and the USA, with partner networks in Japan and South Korea.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail [email protected], telephone +46 8 463 83 00, is the Certified Adviser. The share is also traded on the US OTCQX-market under the symbol ACCMF.

AAC Clyde Space receives royalties of 5.4 MSEK

2022-09-26 AAC Clyde Space AB (publ)
AAC Clyde Space receives royalties of 0.48 MUSD (approx. 5.4 MSEK) relating to its power systems.


AAC Clyde Space wins 0.94 MGBP order from Astroscale

2022-09-22 AAC Clyde Space
AAC Clyde Space has won a 0.94 MGBP (approx. 11.6 MSEK) order for a Starbuck power system from Astroscale Ltd., for inclusion in their End-of-Life space debris removal service, ELSA-M.


Interim report for AAC Clyde Space AB (publ) January - June 2022

2022-08-25 AAC Clyde Space AB (publ)


AAC Clyde Space wins 6.1 MSEK order from OHB

2022-08-17 AAC Clyde Space AB (publ)
The small satellite company AAC Clyde Space has won a 584 kEUR (approx. 6.1 MSEK) order for Sirius computers and Starbuck power systems from OHB Sweden. The units will be part of the core avionics for a new InnoSat-class satellite.  


AAC Clyde Space wins 7.3 MSEK power system order

2022-08-04 AAC Clyde Space AB (publ)
The small satellite company AAC Clyde Space has won a 0.6 MGBP (approx. 7.3 MSEK) order for 25 power systems for a constellation. Delivery will start in the fourth quarter of 2022.


AAC Clyde Space receives 5.1 MSEK in ESA funding to develop power system

2022-07-28 AAC Clyde Space AB (publ)
AAC Clyde Space, a company specialising in small satellites, has been awarded funding through the European Space Agency's ARTES Core Competitiveness programme which helps European and Canadian industry to develop innovative satcom technology, products and systems. The award will enable AAC Clyde Space to further develop its Starbuck Mini power system to address the needs of future constellations. The total project value is 0.95 MEUR (approx. 10.1 MSEK) of which ESA will fund half, and AAC the other half.


AAC Clyde Space wins 5.9 MSEK order for Beresheet 2

2022-06-17 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading small satellite company, has won a 0.56 MEUR (approx. 5.9 MSEK) order for its Sirius avionics for Israeli SpaceIL's Moon mission, Beresheet 2. It will be delivered during Q1 2024.


AAC Clyde Space issues renumeration shares

2022-05-25 AAC Clyde Space AB (publ)
The previous owners of Omnisys Instruments AB convert the second third of their warrants into shares in AAC Clyde Space. AAC Clyde Space has consequently issued 5,780,033 shares, bringing the total number of shares in AAC Clyde Space to 199,030,976.


AAC Clyde Space receives follow-on order for Europes new weather satellites - MetOp-SG

2022-05-20 AAC Clyde Space AB (publ)
Leading New Space company AAC Clyde Space's subsidiary Omnisys has secured an EUR 0.47 M (approx. SEK 4.9 M) order to deliver strategic spare parts to Airbus Defence and Space for Europe's next generation of meteorological satellites, the MetOp-SG.


Kommuniké från årsstämma i AAC Clyde Space AB (publ)

2022-05-19 AAC Clyde Space AB (publ)


Bulletin from the Annual General Meeting in AAC Clyde Space AB (publ)

2022-05-19 AAC Clyde Space AB (publ)


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