AAC Clyde Space wins 4.6 MGBP order from Horizon Technologies

2021-06-16 13:10:12

AAC CLYDE SPACE WINS 4.6 MGBP ORDER FROM HORIZON TECHNOLOGIES

2021-06-16 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC"), a leading New space company, has won a 4.6 MGBP order for a full turn-key solution from Horizon Space Technologies, including two new satellite launches, operations and data delivery. The satellites will become part of the Horizon Space Technologies' Amber™  constellation dedicated to delivering Maritime Domain Awareness (MDA) intelligence data.

The EPIC-6U satellites will be able to locate and track vessels worldwide by geolocating and demodulating RF signals in a system that can be used to fight piracy, illegal trans-shipments, illegal fishing, and refugee smuggling, but can also be used for other purposes such as detecting and tracking a variety of RF emitters. The mission delivers a commercial service and may be extended to include more than ten (10) additional Amber™ CubeSats.  Horizon Space Technologies' first customer is the UK National Maritime Information Centre (NMIC) in Portsmouth.

Click Here To View the Joint Maritime Security Centre Animation Video

The two satellites in this order are scheduled for launch in the 2nd half of 2022. The order is a follow-on order from the Satellite Applications Catapult IOD programme (IOD-3 AMBER), for which AAC will also deliver a 6U CubeSat to the International Space Station (ISS) in 2021, from where it will be deployed into orbit.

"Amber™ is a perfect illustration of where new satellite technologies pry up demand for space-based services from existing and new customers. We look forward to taking an active role in reinforcing this strong trend for many years to come," says AAC Clyde Space CEO Luis Gomes.

"We are looking forward to expanding our current partnership with AAC Clyde Space as we move forward with more launches and advanced versions of our mission payload. They are a key part of the Amber™ team," says Horizon Technologies CEO John Beckner.

Horizon Technologies is a global leader in innovative solutions for signals intelligence. The satellites will be manufactured at AAC's site in Glasgow.

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes investor@aac-clydespace.com
CFO Mats Thideman, investor@aac-clydespace.com, mobile +46 70 556 09 73

The information in this press release is such that AAC Clyde Space AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 13:10 CEST on 16 June 2021.

The following documents can be retrieved from beQuoted
AAC-Clyde-Space-Press-release-2021-06-16-ENG.pdf

ABOUT AAC CLYDE SPACE
AAC Clyde Space specialises in small satellite technologies and services that enable businesses, governments and educational organisations to access high-quality, timely data from space. Its growing capabilities bring together three divisions:

Space Data as a Service - delivering data from space directly to customers
Space missions - turnkey solutions that empower customers to streamline their space missions
Space products and components - a full range of off-the-shelf and tailor-made subsystems, components and sensors

AAC Clyde Space aims to become a world leader in commercial small satellites and services from space, applying advances in its technology to tackle global challenges and improve our life on Earth.

The Group's main operations are located in Sweden, the United Kingdom, the Netherlands and the USA, with partner networks in Japan and South Korea.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail certifiedadviser@penser.se, telephone +46 8 463 83 00, is the Certified Adviser. The share is also traded on the US OTCQX-market under the symbol ACCMF.

ABOUT HORIZON TECHNOLOGIES. WHERE VISION TURNS INTO REALITY.
Horizon Technologies is a Global Leader in Innovative SIGINT and Space-Based Maritime Domain Awareness (MDA) Intelligence Solutions.  Horizon Technologies recently completed its Series A funding round with Maven Capital Partners and Virgin Money.

Horizon Aerospace Technologies is a world leader in airborne Sat Phone monitoring systems for Intelligence, Surveillance and Reconnaissance (ISR) applications, equipping governments worldwide by enhancing their SIGINT capabilities. We are the Original Equipment Manufacturer (OEM) for the FlyingFish™ BlackFish™ SIGINT systems which are in operation on numerous platforms worldwide. We participate daily in SAR missions via NATO and FRONTEX in the Mediterranean Sea, and are heavily involved in international operations around the globe.

Horizon Space Technologies is the prime contractor for the UK Government's Amber™ program. The Amber™ program will consist of Amber™ CubeSats in multiple orbital planes providing global Maritime Domain Awareness (MDA) data to NMIC (led by the Royal Navy).

Visit: HorizonTechnologies.com and AmberSpace.com

Click Here To View The Amber™ Video

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