AAC Clyde Space wins USD 0.55m GNSS receiver and antenna order

2021-06-08 15:56:55

AAC CLYDE SPACE WINS USD 0.55M GNSS RECEIVER AND ANTENNA ORDER

2021-06-08 AAC Clyde Space AB (publ)
AAC Clyde Space's US subsidiary SpaceQuest has received an order of USD 0.55m (approx. SEK 4.6m) for global navigation satellite systems (GNSS) receivers and antennas to be delivered to a customer in Asia over 3.5 years starting in 2021.

The GNSS receivers and antennas are primarily used to determine a satellite's position, velocity and timing to facilitate tracking of orbital position, to synchronize clock times, etc. They operate on the L1 frequency band.

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 following documents can be retrieved from beQuoted
AAC-Clyde-Space-Press-release-2021-06-08-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.

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