ÅAC Microtec's subsidiary Clyde Space expects to receive a repayment from the UK tax authorities of £570 000
ÅAC Microtec AB Research and development (R&D) tax credits are a UK government tax relief supporting companies that work on innovative projects making advances in science and technology. Clyde Space qualifies for R&D tax credits due to the ongoing development of industry leading CubeSat platforms and subsystems.
Clyde Space has completed the calculations of the R&D tax credits for the financial year ending 30th April, 2018 resulting in an expected R&D tax credit due for repayment from the tax authority of £570,000. The repayment is expected to be received in October 2018.
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Please visit: www.aacmicrotec.com or contact:
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 17:00 CET on 22 August, 2018.
ABOUT ÅAC MICROTEC
ÅAC 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, telephone +46 8 503 000 50, is the Certified Adviser.
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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.
2022-08-25 AAC Clyde Space AB (publ)
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.
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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.
2022-07-28 AAC Clyde Space AB (publ)
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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.
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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.
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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.
2022-05-19 AAC Clyde Space AB (publ)
2022-05-19 AAC Clyde Space AB (publ)
AAC Clyde Space AB