Ett urval av pressmeddelanden från AAC Clyde

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2023-04-25

Jag har anmält att jag vill delta:

Kallelse till årsstämma i AAC Clyde Space AB

Aktieägarna i AAC Clyde Space AB kallas härmed till årsstämma torsdagen den 25 maj 2023 klockan 13.00 i Elite Hotel Academias lokaler på Suttungs gränd 6 i Uppsala.

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2023-04-25

Interim report for AAC Clyde Space AB (publ) January - March 2023

First quarter, January-March 2023 (compared with January-March 2022)

Net sales amounted to SEK 73.9 M (41.2), an increase of 79%
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK 1.7 M (-7.6)
Earnings before interest and tax (EBIT) amounted to SEK -5.4 M (-14.6)
The loss after tax was SEK -6.5 M (-11.7)
Basic and diluted earnings per share amounted to SEK -0.03 (-0.06)
Cash flow from operating activities totalled SEK -9.7 M (7.0)
The order backlog amounted to SEK 460.2 M (395.1)
Events in the first quarter of 2023

AAC Clyde Space won an order for satellite subsystems valued at USD 2.3 M (approx. SEK 23.8 M) from a US development company supplying spacecraft and other multi-mission systems
Kelpie-1, a 3U AAC Clyde Space EPIC nanosatellite, was successfully launched on the SpaceX Transporter-6 mission on January 3, 2023. Kelpie-1 will deliver AIS data to the U.S. company ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a second Kelpie satellite in the first half of 2023

An AAC Clyde Space manufactured satellite was lost when a Virgin Orbit rocket failed to reach orbit. All satellites on the launch were reported to have been lost, including IOD-3 manufactured by AAC Clyde Space for the Satellite Applications Catapult. The loss had no financial impact on AAC Clyde Space
AAC Clyde Space received a EUR 234 k (approx. SEK 2.6 M) order from UK-based Space Forge to provide space products for a demonstration spacecraft designed to leverage the space environment for production and experiments, capable of performing multiple trips to space.

A consortium including AAC Clyde Space's subsidiary AAC Hyperion was selected by European Defence Fund to develop a less than 100 kg satellite to be placed in geostationary orbit (GEO) for space situational The satellite, named Naucrates, is not to be trackable from ground radar, optical telescope or radio telescope. It is set to be the first European GEO satellite for Space Situational Awareness (SSA) in GEO

AAC Clyde Space won a USD 0.59 M (approx. SEK 6.1 M) order for reaction wheels to be used on a number of small satellites. The order comes from a US blue chip company
AAC Clyde Space was selected to deliver products valued at USD 1.6 M (approx. SEK 16.6 M) to a US blue chip company. AAC SpaceQuest will procure and resell the products with margins that are lower than on its proprietary products. The products will be delivered over a period of 12 months
AAC Clyde Space won an order for satellite subsystems valued at USD 2.3 M (approx. SEK 23.8 M) from a US development company supplying spacecraft and other multi-mission systems
AAC Clyde Space shipped the first of three satellites that are to deliver hyperspectral imagery data to Canadian company, Wyvern. The satellites will continue the transformation of AAC Clyde Space into a space-based data company over the coming years

A consortium including AAC Clyde Space subsidiary Hyperion, was selected by TNO of the Netherlands to deliver a new direct-to-Earth laser communication terminal for small satellites in LEO. The order value is EUR 0.3 M (approx. SEK 3.3 M) with planned delivery in 2025
AAC Clyde Space expanded its existing overdraft bank facility from SEK 5 M to SEK 30 M. The move will enable the Group to deliver on its expanding order backlog, as it strengthens the working capital to an appropriate level for current business activities
AAC Clyde Space received orders for its Starbuck power system and Sirius computers from several customers amounting to a total of approx. SEK 20.1 M. The orders are scheduled for delivery from Q4 2023 until mid-2024

Events after the end of the reporting period

AAC Clyde Space was part of the team developing the SWI instrument onboard the European Space Agency's (ESA) Jupiter mission JUICE, that started travelling to its destination after launching from French Guinea on April 14 onboard an Ariane 5 rocket

EPICHyper-1, a 6U AAC Clyde Space EPIC VIEW satellite, was successfully launched on the SpaceX Transporter-7 mission on April 15, 2023. The satellite will deliver Earth observation data to Canadian company Wyvern Inc., under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a further two 6U satellites during 2023.

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2023-04-15

AAC Clyde Space SDaaS Satellite Successfully Launched on SpaceX Rocket

EPICHyper-1, a 6U AAC Clyde Space EPIC VIEW satellite, was successfully launched on the SpaceX Transporter 7 mission on April 15, 2023. The satellite will deliver Earth observation data to Canadian company Wyvern Inc., under an exclusive Space Data as a Service (SDaaS) deal. It is planned to be followed by the launch of a further two 6U satellites during 2023.

The satellite lifted off on the Falcon 9 rocket on April 14, 2023 from the Space Launch Complex 4E in Vandenberg, California. The Transporter 7 mission is a dedicated rideshare flight to a sun-synchronous orbit with dozens of small microsatellites and nanosatellites for commercial and government customers.

The project leverages a SDaaS model in which AAC Clyde Space owns and operates the three satellites under a GBP 8.4m (approx. SEK 108m) contract signed in 2021. After the first four years, the contract can be extended on an annual basis.

The satellites will generate revenue for AAC Clyde Space once they start to deliver data. This first satellite is expected to start delivering data during the second quarter of 2023. The other two satellites under the contract are expected to be delivered and launched in 2023.

Once deployed, the satellite will add significantly to AAC Clyde Space's SDaaS revenue, thereby representing yet another significant milestone for the Group. It follows the launch in January 2023 of the first of two satellites dedicated to delivering AIS data to ORBCOMM, also under a SDaaS model, supporting the Group's shift towards a recurring revenue model.

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2023-03-31

AAC Clyde Space wins avionic orders

AAC Clyde Space has received orders for its Starbuck power system and Sirius computers from several customers amounting to a total of approx. SEK 20.1 M. The orders are scheduled for delivery from Q4 2023 until mid-2024.

AAC Clyde Space's SmallSat PCDU (Power Conditioning and Distribution Unit) solutions and Sirius computers have demonstrated impressive capabilities in space, gaining a market reputation for reliability, resiliency and performance. With their modular design, the solutions can be utilised and adapted for an array of different applications stretching from lunar exploratory and deep space scientific missions to military and commercial constellation applications.

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2023-03-01.

AAC Clyde Space continues its transformation shipping first EPIC VIEW Space Data as a Service satellite

AAC Clyde Space, a leading new space company, has shipped the first of three satellites that are set to deliver hyperspectral imagery data to Canadian company, Wyvern. The satellites will continue the transformation of AAC Clyde Space into a space-based data company over the coming years.

The launch is planned for April on SpaceX's Transporter 7 mission from California onboard a Falcon 9 rocket. The satellite is expected to start delivering data during the second quarter of 2023. The other two satellites under the contract are also expected to be delivered and launched in 2023. AAC Clyde Space will own the three satellites, while Wyvern Inc. has committed to subscribe to the data service for an initial four-year period, for GBP 8.4m (approx. SEK 105m). The contract can be extended on an annual basis thereafter.

In November 2022, AAC Clyde Space delivered the first of two 3U satellites that will deliver data to the U.S. company ORBCOMM Inc, a global provider of Internet of Things (IoT) solutions. The group also owns and operates a constellation of satellites dedicated to SDaaS which is also under expansion. By the end of 2023, AAC Clyde Space is expected to own a total of 11 satellites dedicated to delivering data from space, a number that is planned to increase further over the coming years.

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2023-02-16

The small satellite company AAC Clyde Space has been selected to deliver products valued at USD 1.6 M (approx. SEK 16.6 M) to a US blue chip company.

AAC Clyde Space will procure and resell the products through its US subsidiary AAC SpaceQuest. As AAC's role is limited to reselling, margins will be lower than on its proprietary products. The products will be delivered over a period of 12 months.

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2023-02-08

AAC Clyde Space has won a USD 0.59 M (approx. SEK 6.1 M) order for reaction wheels to be used on a number of small satellites. The order comes from a US blue chip company.

The order includes engineering and flight models and qualification testing of reaction wheels, an instrument used primarily for three-axis attitude control of spacecraft. The instrument provides high pointing accuracy and is used to rotate spacecraft to keep payloads in correct angle.

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2023-02-01

AAC Clyde Space has won an order for satellite subsystems valued at USD 2.3 M (approx. SEK 23.8 M) from a US development company supplying spacecraft and other multi-mission systems.

The US company will integrate the subsystems on satellites for several new development programs. The order has been preceded by a smaller order on subsystems for tests on ground. The subsystems will be delivered in several batches, starting in the second quarter of 2023 with the last delivery in the fourth quarter of 2023.

The US company develops technology solutions for space for a variety of customers, with their headquarters in California. The company has 15 000 employees worldwide with annual revenue of 2.8 BUSD for 2021.

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2023-01-17

AAC Clyde Space has received a EUR 234 k (approx. SEK 2.6 M) order from UK-based Space Forge to provide space products for a demonstration spacecraft designed to leverage the space environment for production and experiments, capable of performing multiple trips to space.

The order follows orders in December 2020, and January 2022 to the same project. The reusable spacecraft is intended to deorbit in a controlled manoeuvre to deliver its products and results back to Earth after six months in-orbit, thereby enabling efficient production and revolutionary experiments by leveraging the micro gravity in-orbit. The spacecraft is designed for re-entry into the atmosphere and landing on Earth. Back on Earth the satellites will be recovered, refurbished, and eventually re-launched.

The order is for an integrated attitude determination and control system and a Kryten OBC to be used as ground reference to the ForgeStar-1 mission, forming a complete attitude and control system for the spacecraft. The instruments provide high pointing accuracy and unmatched computing power to the spacecraft and makes it highly agile. AAC Clyde Space expects to have completed delivery of the order during the second quarter 2023.

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2023-01-12

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