Pressmeddelanden, rapporter och bolagsmeddelande för AAC Clyde Space AB

AAC Clyde Space AB has secured a USD 0.69 million order for reaction wheels from a US blue-chip company, following a similar order in February 2023. The order includes flight and engineering models, as well as flight testing, and is expected to be delivered by the fourth quarter of 2025. Reaction wheels are used for three-axis attitude control in satellites. AAC Clyde Space specializes in small satellite technologies and services, with operations in multiple countries and shares traded on Nasdaq First North Premier Growth Market and the US OTCQX-market. For more information, visit their website or contact CEO Luis Gomes or CFO Mats Thideman.

On August 16, 2024, the European Space Agency's (ESA) Arctic Weather Satellite (AWS) was successfully launched from Vandenberg Space Force Base in California aboard the Space-X Falcon 9 Transporter-11 Mission. The satellite, which includes a scientific weather payload developed by AAC Clyde Space, has established contact with the operations team. AWS is a prototype mission aimed at demonstrating the utility of radiometric measurements to enhance weather forecasts in the Arctic and globally. The mission could lead to a full constellation of satellites for Eumetsat, providing more frequent weather data. The 125 kg satellite carries a payload capable of delivering high-resolution vertical profiles of atmospheric temperature and humidity under all weather conditions. AAC Omnisys, part of AAC Clyde Space Group, developed the payload in Gothenburg, Sweden. Additionally, AAC Clyde Space provided a high-performance STARBUCK power system and a Sirius Command and Data Handling System, both designed and built in Uppsala, Sweden. AAC Clyde Space CEO Luis Gomes highlighted the mission's potential to improve weather forecasting and climate pattern analysis, aiding in the fight against climate change. AAC Clyde Space specializes in small satellite technologies and services, aiming to become a global leader in commercial small satellites and space services. The company operates in multiple countries and is publicly traded on Nasdaq First North Premier Growth Market and the US OTCQX-market.

AAC Clyde Space AB has granted a US-based space solutions supplier a license to manufacture its power and data handling systems. In return, AAC Clyde Space will receive a one-time payment of MUSD 2.0 (approximately MSEK 20.4). This license replaces an existing royalty agreement. The total value of the license and outstanding royalty fees is MUSD 5.0 (approximately MSEK 52.2), due within two months. AAC Clyde Space specializes in small satellite technologies and services, with operations in several countries and shares traded on Nasdaq First North Premier Growth Market and the US OTCQX market. For more information, visit their website or contact their CEO or CFO.

AAC Clyde Space AB reported a 29.4% decrease in net sales for Q2 2024 compared to Q2 2023, with sales amounting to SEK 53.6 million. The EBITDA was SEK -16.5 million, and the total loss after tax was SEK -27.5 million. The order backlog increased to SEK 660 million. For the first half of 2024, net sales decreased by 16.6% to SEK 125 million, with an EBITDA of SEK -3.8 million. Key events in Q2 2024 included leading a consortium to develop a laser communication system, winning its first order for a 16U EPIC satellite, and receiving an order for its CubeCAT laser communication terminal. AAC Clyde Space also announced the creation of a laser satellite communications hub in the Netherlands and completed successful tests with the Ymir-1 satellite. After the reporting period, AAC Clyde Space agreed to acquire Spacemetric AB and secured an order for the Cyclops Earth observation satellite constellation. CEO Luis Gomes highlighted challenges such as supplier delays and project timing issues but expressed optimism due to a growing order backlog and new strategic contracts. The company maintains its year-end guidance for net sales between SEK 350 million and SEK 400 million and expects a positive EBITDA of 5% to 10%.

AAC Clyde Space AB has secured its first order for the Cyclops Earth observation satellite constellation through a pre-commercial agreement worth GBP 612,000 with the Scottish Government. The project, set to begin in Q3 2024 and run until Q3 2026, involves four satellites manufactured under the xSPANCION project. These satellites will provide high-resolution image data for applications such as monitoring tree health. The initiative stems from a challenge under CivTech 9, the Scottish Government's innovation program. The agreement will focus on integrating image data into Scottish Forestry's GIS and operations, with data delivery expected to start in 2025. The Cyclops constellation will feature the first 16U satellites by AAC Clyde Space and a new generation of EPIC VIEW satellites. Manufacturing of the first two satellites is in progress, with the first launch planned for the first half of 2025. Post-launch, AAC Clyde Space aims to sell data globally at lower costs. The company specializes in small satellite technologies and services, with operations in multiple countries and shares traded on Nasdaq First North Premier Growth Market and the US OTCQX-market.

AAC Clyde Space has agreed to acquire 100% of Spacemetric AB for approximately MSEK 16, with potential additional earn-outs up to MSEK 9, totaling a maximum of MSEK 25. This acquisition aims to enhance AAC Clyde Space's capabilities in Earth Observation image processing for analytics and AI, which will be integrated into their Cyclops constellation. The transaction includes a mix of cash and shares, with post-closing adjustments based on net working capital. The deal is subject to approval under the Swedish Protective Security Act and is expected to close in Q3 2024. The shares issued will have lock-up periods ranging from 360 to 810 days. PwC and Setterwalls Advokatbyrå AB are advising AAC Clyde Space on the transaction.

AAC Clyde Space AB has received its first commercial order for its CubeCAT laser communication terminal from Greek company EMTECH SPACE S.A., valued at EUR 0.6 million. The order is for the Hellenic Space Dawn mission, funded by the Greek Ministry of Digital Governance and supported by the European Space Agency (ESA). CubeCAT, developed in partnership with FSO Instruments, is designed for nano satellites and offers significant advantages over traditional radio-frequency communication, including higher transmission capabilities and enhanced security. This marks a significant milestone in the commercialization of laser communication technologies for space data transmission.

At the annual general meeting of AAC Clyde Space AB on 23 May 2024, several resolutions were adopted. The income statements and balance sheets for 2023 were approved, and it was decided that no dividend would be paid for that year. The board of directors was granted discharge of liability for 2023. The board will consist of six members, with Rolf Hallencreutz re-elected as chairman and Stuart Martin and Michael Mattsson elected as new members. The auditing firm PwC was re-elected as the company's auditor. The board was authorized to increase the share capital by up to 20% by the next annual meeting. Warrants were issued under three incentive programs for employees and board members. Changes were made to the remuneration guidelines for senior management.

AAC Clyde Space's satellite, Ymir-1, has successfully completed two tests, collecting high-quality AIS signals from over 6,000 vessels using its VDES payload. This marks a significant step towards the satellite becoming fully operational. The tests were part of the AOS project, a collaboration between AAC Clyde Space, Saab, and ORBCOMM, aiming to develop a next-generation space-based VDES system for efficient and reliable data exchange and communication for vessels at sea. AAC Clyde Space provided an EPIC LINK CubeSat hosting Saab's advanced R6 VDES PAYLOAD transponder for two-way communication between satellite and ground. ORBCOMM will integrate the data into its distribution center for maritime navigation and communications service deployment.

AAC Clyde Space, in partnership with Dutch TNO and FSO Instruments, is developing a hub for laser satellite communications in the Netherlands. The partnership aims to establish a European ecosystem for laser satellite communication. AAC Clyde Space will deliver a next-generation compact, low-cost, laser system capable of transmitting data from space at a speed of up to 10 Gbps, several times faster than current systems. AAC Clyde Space has also gained a licensing agreement to use TNO's laser communication terminal technology and entered a memorandum of understanding with FSO Instruments for joint support in manufacturing and marketing. The technology will enable 100 to 1000 times more data to be transmitted to Earth than current radio frequency systems and offer a more secure option.