AAC Clyde Space AB

AAC Clyde Space has appointed Håkan Tribell as the Head of Communications for Investor Relations and Public Affairs, a newly established position. CEO Luis Gomes emphasized that Tribell's expertise in communications and stakeholder relations will support the company's growth as a New Space entity. Tribell has a background in communications and public affairs, having worked at the Stockholm Chamber of Commerce and for Swedish Prime Minister Ulf Kristersson. He expressed enthusiasm about contributing to the company's impact on environmental issues through satellite data. Tribell will start his role on January 7, 2025, based in Uppsala, Sweden. AAC Clyde Space specializes in small satellite technologies, offering services in Space Data as a Service, space missions, and space products. The company operates in several countries and aims to lead in the commercial small satellite market. Its shares are listed on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB has registered 188,000 new shares as part of its acquisition of Spacemetric AB, increasing its total shares to 5,891,835. The acquisition was finalized on October 1, 2024. The company issued these shares and 106,800 warrants to Spacemetric's shareholders, increasing AAC Clyde Space's share capital by SEK 589,600, contingent on meeting earn-out milestones and warrant exercises. The new shares are under lock-up agreements, with varying durations of 360, 630, and 810 days, while shares from exercised warrants have a 360-day lock-up. AAC Clyde Space, which focuses on small satellite technologies and services, operates globally and trades on Nasdaq First North Premier Growth Market and the US OTCQX market. For more details, refer to the press release on their website.

AAC Clyde Space AB has secured a EUR 0.5 million order for its Starbuck power system and related services, with delivery expected by the third quarter of 2025. CEO Luis Gomes highlighted the Starbuck power system's role as a standard for small satellites, emphasizing the benefits of component standardization. The client, a repeat customer, remains unnamed. AAC Clyde Space specializes in small satellite technologies and offers services in space data, space missions, and space products. The company aims to lead the commercial small satellite market and operates in several countries, with shares traded on Nasdaq First North Premier Growth Market and the US OTCQX-market.

AAC Clyde Space AB has completed the acquisition of 100% of Spacemetric AB's outstanding shares, expanding the AAC Group. The transaction involved issuing 188,000 shares and 106,800 warrants to Spacemetric's shareholders, increasing AAC Clyde Space's share capital by SEK 589,600, subject to earn-out milestones and warrant exercises. The new shares are under lock-up agreements for varying durations. CEO Luís Gomes welcomed Spacemetric's team, highlighting their role in enhancing Earth Observation operations. More details are available in the press release from 3 July 2024 on AAC Clyde Space's website. AAC Clyde Space specializes in small satellite technologies and services, aiming to become a leader in commercial small satellites and space services. Its operations span Sweden, the UK, the Netherlands, South Africa, and the USA, with partner networks in Japan and South Korea. The company's shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX market.

AAC Clyde Space AB has secured a EUR 1.025 million order for four Starbuck power systems and related services, with delivery expected by the second quarter of 2025. The client for this order remains undisclosed. AAC Clyde Space specializes in small satellite technologies and services, aiming to be a global leader in commercial small satellites. The company operates in Sweden, the UK, the Netherlands, South Africa, and the USA, with additional partnerships in Japan and South Korea. Its shares are 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 has announced that the Arctic Weather Satellite has successfully captured its first images using an innovative scientific weather payload supplied by the company. These images, which show atmospheric temperature and humidity, aim to enhance short-term weather forecasts globally, especially in the Arctic. The satellite, launched on August 16 and currently being commissioned by OHB Sweden, features a cross-track scanning microwave radiometer made by AAC Omnisys. This mission, led by ESA with OHB as the prime contractor, seeks to demonstrate the feasibility of a polar-orbiting satellite constellation for improved weather forecasting. The mission is a prototype that may lead to a full constellation for more frequent measurements, surpassing the capabilities of current geostationary satellites. AAC Clyde Space specializes in small satellite technologies and services, offering data from space, turnkey space missions, and a range of space products and components. The company aims to be a leader in commercial small satellites and space services, with operations in Sweden, the UK, the Netherlands, South Africa, and the USA, and partner networks in Japan and South Korea. Its shares are traded on Nasdaq First North Premier Growth Market and the US OTCQX market. For more information, visit www.aac-clyde.space or contact CEO Luis Gomes and CFO Mats Thideman.

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%.