AAC Clyde Space wins two Japanese orders valued at 360 000 EUR
AAC Clyde Space has received two new orders, totaling 360 000 EUR (approx. 3.7 MSEK) for Sirius avionics from customers in Japan. The hardware will be delivered during the fourth quarter of 2020 and software updates will be delivered in the first quarter of 2021. These are follow-on orders from existing customers.
The Sirius avionics products are an increasingly popular choice for high quality "New Space" missions, offering a high quality and easy to interface standard solution for on-board data handling, with short delivery times and at a competitive price.
Japan is one of the world's leading markets for small satellites, increasingly using these highly capable, sophisticated and cost effective spacecraft to fulfil a wide variety of missions. AAC Clyde Space has supplied subsystems and components for many of these over the last few years, showing the trust placed by Japanese manufacturers in our products.
"We continue to see very strong growth for our avionics products in Japan. The Sirius range is appreciated for its well-designed products, combined with a suite of development tools that make the design and manufacture of a new satellite platform fast, efficient and low cost. As the avionics products have been designed into multiple satellite platforms, further follow-on orders can be expected," says CEO Luis Gomes.
Notice to attend the extraordinary general meeting in AAC Clyde Space AB (publ)
2020-10-16 AAC Clyde Space (publ)
The shareholders in AAC Clyde Space AB (publ), reg. no. 556677-0599 (the "Company"), are hereby given notice to attend the extraordinary general meeting on 5 November 2020 at 10.30 a.m. (CET) at the company's premises, Dag Hammarskjölds väg 48, SE-751 83 Uppsala, Sweden. Registration for the meeting commences at 10.00 a.m. (CET).
AAC has completed a directed issue of SEK 52 million and reports on an executed block trade of shares
The Board of Directors of AAC Clyde Space AB ("AAC" or "the Company") has, pursuant to the authorization from the Annual General Meeting on June 2, 2020, resolved on a directed issue of 19,241,551 shares at a price of SEK 2.70 per share (the "Directed Issue"). The price in the Directed Issue has been determined through an accelerated bookbuilding procedure carried out by Erik Penser Bank. In addition to the Directed Issue, Erik Penser Bank has brokered 10,557,150 shares at the corresponding price per share as in the Directed Issue (the "Block Trade").
AAC Clyde Space is investigating the prerequisites for carrying out a directed new issue
AAC Clyde Space AB (publ) ("AAC" or the "Company") has mandated Erik Penser Bank to investigate the prerequisites to carry out a directed new issue of a maximum of 19 241 551 shares (the "Directed Issue") through an accelerated bookbuilding procedure (the "Bookbuilding Procedure").
AAC Clyde Space to acquire U.S. SpaceQuest for 8.4 MUSD
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. 8.4 MUSD is calculated on an AAC share price of SEK 3.15 per share and an exchange rate of 9.0 SEK to one (1) US dollar. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).
AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in Hyperion Technologies BV, in a shares and cash deal. The current owners of Hyperion Technologies will receive 7,755,000 new shares in AAC, equivalent to approximately 21.7 MSEK calculated at 2.80 SEK per share and 0.1 MEUR (approx. 1.1 MSEK) in cash, subject to approval by the AAC EGM.
AAC Clyde Space expects net sales of approx. SEK 100 million in 2020, an annual increase of over 50 %
AAC Clyde Space expects to reach net sales of approximately SEK 100 million in 2020, an increase of more than 50 % over its 2019 revenue of SEK 66 million.
Mediuminvest has divested virtually the entire holding in AAC Clyde Space
Interim report for AAC Clyde Space AB (publ) January - June 2020