AAC Clyde Space AB

AAC Clyde Space AB announced that Peter Anderson, the Chief Commercial Officer, will leave his position on June 30, 2025. The company is currently planning the transition and assessing the future of the role. Peter Anderson, who joined the company in 2015, has been instrumental in its commercial growth. CEO Luis Gomes expressed gratitude for Anderson's contributions and wished him well. Anderson will remain in his role until the end of June to facilitate a smooth transition. AAC Clyde Space specializes in small satellite technologies and services, with operations in several countries and its headquarters in Sweden. The company's shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX Market.

AAC Clyde Space AB is restructuring its operations to enhance efficiency and profitability by transitioning to a two-segment structure: Products & Missions and Data & Services. The previously separate segments, Products and Missions, are being combined to create synergies in hardware development and better align global teams. This change aims to improve coordination, cost control, and customer offerings. The new structure will be implemented in late April 2025, with Richard McKay leading the Products & Missions segment. Frédéric Menard will focus on managing AAC Hyperion in Delft. CEO Luis Gomes states that this change builds on the company's successful 2024 performance, aiming for a more agile and cost-efficient organization. AAC Clyde Space, which provides small satellite technologies and services, is headquartered in Sweden and operates in multiple countries. Its shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX Market.

The Nomination Committee of AAC Clyde Space has proposed Major General Lars-Olof Corneliusson as a new member of the Board of Directors, with the election to take place at the Annual General Meeting on May 22, 2025. Corneliusson, who has over 40 years of experience in defense and international assignments, is expected to enhance the company's strategic focus on security-related space applications. The proposal is in response to increasing geopolitical tensions and the growing importance of secure space-based data for defense and government sectors. Corneliusson's background includes roles such as Director of Intelligence at the EU Military Staff and Military Advisor to the Swedish Ministry of Foreign Affairs. He has also collaborated with Spacemetric, a company acquired by AAC Clyde Space. The Chairman of the Board, Rolf Hallencreutz, emphasized the importance of Corneliusson's expertise in advancing the company's investments in space-based security and intelligence solutions. AAC Clyde Space specializes in small satellite technologies and services, providing data for various applications including security and defense. The company is headquartered in Sweden with operations in the UK, Netherlands, South Africa, and the USA, and its shares are traded on Nasdaq First North Premier Growth Market in Stockholm and the US OTCQX Market.

AAC Clyde Space AB (publ) has announced its annual general meeting scheduled for May 22, 2025, at the Clarion Hotel Gillet in Uppsala, Sweden. Shareholders wishing to attend must be registered by May 14, 2025, and notify the company by May 16, 2025. The meeting will cover various agenda items including the election of the chairman, presentation of financial reports, and resolutions on profit allocation, board member elections, and incentive programs. The nomination committee has proposed re-election and new election of board members and outlined fees for directors and auditors. The board also proposes resolutions on increasing share capital and issuing warrants as part of long-term incentive programs for employees and directors. The company emphasizes the importance of these programs in aligning the interests of participants with the company's growth objectives. The official notice of the meeting is available in Swedish on the company's website. AAC Clyde Space specializes in small satellite technologies and services, with operations across several countries and its shares listed on Nasdaq First North Premier Growth Market and the US OTCQX Market.

AAC Clyde Space's technology on the European Space Agency's (ESA) Arctic Weather Satellite (AWS) has been praised for its performance, marking a significant step towards the EPS-Sterna constellation. Launched in 2024, the satellite includes a microwave radiometer from AAC Omnisys and key systems developed by AAC Clyde Space in Uppsala. AWS aims to improve weather forecasting, especially in the Arctic, and has matched the performance of larger missions, validating AAC Clyde Space's technology. The AWS is foundational for the EPS-Sterna programme, a planned constellation by EUMETSAT to enhance weather observation. A decision on this programme is expected in late 2025, with initial satellites launching in 2029. AAC Clyde Space has received an order from OHB Sweden for the EPS-Sterna programme, valued at EUR 1.0 million, to ensure timely deployment. The EPS-Sterna mission will complement existing meteorological satellites and improve weather prediction models. AAC Clyde Space specializes in small satellite technologies, with operations in several countries and its shares traded on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB received a payment of USD 0.315 million for an insurance claim related to the Kelpie-2 satellite, which suffered a payload antenna malfunction and was declared a total loss after its launch in June 2023. The company specializes in small satellite technologies and services, aiming to lead in commercial small satellites and services from space. It operates in several countries and its shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB, a provider of small satellite technologies and services, will release its 2024 year-end report on February 20, 2025, at 08:30 CET. A live webcast for investors and analysts will follow at 13:00 CET, where CEO Luis Gomes will present the fourth-quarter and full-year 2024 results. The webcast can be viewed live or later via a provided YouTube link. Questions for the webcast can be sent in advance or submitted live, with previous written Q&A now discontinued. AAC Clyde Space aims to lead in the commercial small satellite market, offering services like Space Data as a Service, space missions, and space products. The company operates in several countries and its shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB has received an order from OHB Sweden to supply key components for the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) Polar System Sterna (EPS-Sterna) programme. These components, valued at EUR 1.0 million, are expected to be delivered by the end of 2025 and are intended for use in the EPS-Sterna programme, which aims to improve weather forecasts and climate monitoring. The programme's space segment is based on the Arctic Weather Satellite, launched in 2024. AAC Clyde Space's CEO, Luis Gomes, expressed excitement about the project's progress and potential for future orders. The EPS-Sterna mission, awaiting approval from EUMETSAT Member States, plans to launch an initial constellation of six satellites by 2029, expanding to 20 satellites by 2042. The mission will enhance microwave sounding observations and contribute to climate monitoring. AAC Clyde Space is a leader in small satellite technologies, with operations in several countries and shares traded on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB has secured a EUR 0.6 million order for its Sirius computers, GNSS receivers, and related services. This follows a previous order for power systems in September 2024. The Sirius range is designed for small satellites, offering reliability and quick delivery, and has been proven in multiple missions. The GNSS receivers also have a history of successful missions. These products will be used in a planned satellite constellation, though the client's identity remains undisclosed. Delivery is expected by the third quarter of 2025. AAC Clyde Space specializes in small satellite technologies, offering services across three divisions: Space Data as a Service, space missions, and space products and components. The company aims to lead in commercial small satellites and services, with operations in multiple countries and its shares traded on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB announced the successful two-way VDES communications through its satellite Ymir-1, as part of the AOS collaborative project with Saab and ORBCOMM. This milestone enhances maritime communication and navigation infrastructure, enabling global ship-to-ship and ship-to-shore communication, even in remote areas. Unlike AIS, VDES offers bidirectional communication and greater bandwidth, supporting larger data volumes and improved real-time data exchange and cybersecurity. Ymir-1 uses Saab's R6 VDES PAYLOAD transponder, and ORBCOMM will manage data integration for maritime services. AAC Clyde Space specializes in small satellite technologies and aims to lead in commercial small satellites and services. The company operates in several countries and its shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX market.