ÅAC Microtec extends business relationship with York through supply of batteriesÅAC has extended business activities with York Space Systems to include the supply of the batteries for their S-CLASS satellite platform. The delivery includes engineering support and delivery of one battery sub- system. The initial procurement, with a limited value, is of strategic importance as this is yet another subsystem for York's S-CLASS platform with potential for follow on orders for subsequent missions. This new order extends the range of sub-systems that ÅAC will be supplying to York and is another milestone in the relationship between the two companies. The battery that will be supplied to York is an advanced and reliable product that has undergone strenuous testing and comes with a very long flight heritage. This is very much in-line with the philosophy of the S-Class platform which is a reliable alternative to the space industry whilst achieving significant cost savings when compared with similar platforms currently available.
- This is another vote of confidence from the York team signifying the quality and technical excellence of our product offerings, as well as the close working relationship of our teams aimed to support York Space Systems in meeting schedule and technical requirements, both for the existing customers of the platform and, more importantly, for boosting future business engagements. York continues to progress forward with customer in both commercial and government markets and we are happy to be a valued partner says Brent Abbot, CEO of ÅAC Microtec Inc.
- This is another critical sub-system of our S-CLASS platform which continues progressing fast towards our Flight manifested launch. Our business and technical engagement with the ÅAC team has been very fruitful and has allowed us to focus on the integration, deployment, and operation of the platform, says Dirk Wallinger, CEO York Space Systems.
ÅAC total business relationship with York S-CLASS satellite includes:
- Sirius avionics sub-system (on board computer and mass memory).
- Engineering and production of flight units for the Electrical Power Subsystem.
- Engineering support and delivery of one battery sub-system in 2018 with anticipated quantity procurements thereafter.
2018-04-12 FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:
CEO Alfonso Barreiro, [email protected]
Chairman of the board Rolf Hallencreutz, [email protected]
The information in this press release is such that ÅAC Microtec 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 08:30 CET on 12 April, 2018.
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AAC Microtec Pressrelease 2018-04-12 English.pdf ABOUT ÅAC MICROTEC
ÅAC and its subsidiary Clyde Space offer a full turnkey mission service from design to on-orbit operations including reliable platforms in the range of 1 to 50 Kg; customizable to suit our customers' requirements. Our end-to-end service package enables our customers to reach their mission goals with a single, trusted point of contact. In addition we supply a full range of subsystems for cube satellites and small satellites.
ÅAC Microtec's shares are traded on Nasdaq First North Stockholm. G&W Fondkommission, telephone +46 8 503 000 50, is the Certified Adviser.
ABOUT YORK SPACE SYSTEMS
York Space Systems was founded to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide, Today, it is one of the most innovative aerospace companies, specializing in both end-to-end customer solutions and the manufacture of spacecraft platforms in Denver. York's S-CLASS industrial-grade platform is a standardized 3-axis stabilized spacecraft capable of supporting 85kg payloads with up to 100W of Orbit Average Power (OAP) and 3,000W peak (Enhanced power system), while reducing the cost of manufacture by an order of magnitude. The S-CLASS spacecraft is fully compatible with all launch vehicles, including ground and air- launched, and ground segment providers. When optioned with York's cloud-based mission tasking and operations center, an ultra-low-cost solution is available on demand for next generation data collection and analytics companies.
For more information, visit http://www.YorkSpaceSystems.com
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