AAC Clyde Space AB

AAC Clyde Space AB has secured a EUR 0.12 million order from University College Dublin for a mission study as part of the COMCUBE-S development program. This initial phase will evaluate the technical feasibility of a CubeSat Swarm In-orbit Demonstration mission aimed at observing Gamma Ray Bursts (GRBs). Scheduled for completion in the fourth quarter of 2025, the study represents a potential step towards deploying a constellation of up to 27 satellites. COMCUBE-S, led by University College Dublin, seeks to advance understanding of GRBs through rapid, multi-angle satellite observations. AAC Clyde Space is responsible for the system design and will leverage its experience from the ESA-funded xSPANCION program. The project is part of a broader collaboration with international partners, including institutions from France and Sweden. AAC Clyde Space's involvement underscores its role as a key supplier of advanced satellite missions. The company's shares are traded on Nasdaq First North Premier Growth Market in Stockholm and the US OTCQX Market.

On May 28, 2025, AAC Clyde Space AB issued 29,903 new shares to the former owners of Spacemetric AB as part of an earn-out agreement, which was triggered by Spacemetric meeting its financial targets for 2024. This issuance increases the total number of shares in AAC Clyde Space to 5,921,738. This earn-out is the first of potentially four such issuances. AAC Clyde Space specializes in small satellite technologies and services, with operations in several countries and its shares traded on various markets.

AAC Clyde Space AB has increased its overdraft bank facility from SEK 30 million to SEK 50 million to improve its financial flexibility and manage working capital during growth. The facility, secured by chattel mortgages and shares in Spacemetric AB, carries an interest rate of VECU plus 3.48% and is renewable annually on December 31st. This announcement complies with EU market regulations and was released on May 27, 2025. AAC Clyde Space specializes in small satellite technologies and services, with operations in Sweden, the UK, Netherlands, South Africa, and the USA. Its shares are listed on Nasdaq First North Premier Growth Market and the US OTCQX Market.

On May 22, 2025, AAC Clyde Space AB held its Annual General Meeting, during which Major General Lars-Olof Corneliusson was elected to the Board of Directors. Corneliusson has a four-decade career in the Swedish Armed Forces, with roles such as Director of Intelligence at the EU Military Staff in Brussels and Military Advisor to the Swedish Ministry for Foreign Affairs. His experience includes international cooperation with NATO and the UN, focusing on intelligence, defense policy, and strategic leadership. This election aims to strengthen the company's capabilities in intelligence and security, aligning with the growing importance of space-based intelligence for civil protection and national defense. AAC Clyde Space specializes in small satellite technologies and services, providing data for various applications, including weather monitoring and defense. The company operates in multiple countries and is publicly traded on Stockholm's Nasdaq First North Premier Growth Market and the US OTCQX Market.

At the annual general meeting of AAC Clyde Space AB on May 22, 2025, several resolutions were adopted. The income statements and balance sheets for 2024 were approved, and it was decided not to distribute dividends for that year. The board members and managing director were discharged of liability for 2024. The board will consist of six members, with Rolf Hallencreutz re-elected as chairman and Lars-Olof Corneliusson elected as a new member. Öhrlings PricewaterhouseCoopers AB was re-elected as the auditor. The board was authorized to increase share capital by up to 20% until the next meeting. Three incentive programs were approved, issuing 117,700 warrants for employees and board members, exercisable from July 2028 to December 2028. Changes to the nomination committee's appointment principles were also approved, allowing compensation for the independent chair. 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.

AAC Clyde Space AB will release its 2025 Q1 financial report on Thursday, May 15, 2025, at 8:30 CEST. A live webcast for investors and analysts will follow at 11:00 CEST, featuring a presentation by CEO Luis Gomes, who will also address questions. The webcast can be watched live or viewed later at the same link. Questions can be sent in advance or submitted during the webcast. AAC Clyde Space, headquartered in Uppsala, Sweden, specializes in small satellite technologies and services, offering solutions for various sectors like weather monitoring and agriculture. The company's shares are listed on Nasdaq First North Premier Growth Market in Stockholm and the US OTCQX Market. For further information, contact Håkan Tribell, Head of Communications for Investor Relations and Public Affairs.

AAC Clyde Space AB has secured a EUR 570,000 order for Power Conditioning and Distribution Unit (PCDU) systems from a European satellite manufacturer, with delivery set for March 2026. The company's CEO, Luis Gomes, highlighted the continued trust in their Starbuck MINI technology for satellite missions. Starbuck MINI is a PCDU that ensures stable power distribution for satellites and is used in various space missions, including those by ESA and Astroscale. AAC Clyde Space, based in Uppsala, Sweden, provides satellite technologies and services, with operations in the UK, Netherlands, South Africa, and the USA. The company is publicly traded on Nasdaq First North Premier Growth Market in Stockholm and the US OTCQX Market.

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.