ÅAC Microtec and Ball Aerospace to collaborate in small satellite marketÅAC Microtec AB ÅAC and Ball Aerospace have signed a Memorandum of Understanding (MOU) to work together to address new market opportunities in the small satellite market. This collaboration aims to leverage the companies' respective capabilities and unique offerings to address the demand for lower cost and capable solutions for the small satellite markets in the U.S and globally. - I am very excited to explore opportunities in the small satellite market with Ball Aerospace, a leader in the U.S. satellite market with impressive space capabilities, flight heritage and long-standing customer relations across multiple markets, said AAC Microtec North America Inc's CEO Brent Abbott. A collaboration with Ball Aerospace will help establish an experienced team with complementary offerings in the U.S. and globally.
- Many customers are increasingly looking to augment existing and planned space systems with smaller satellites at a lower cost, said Debra Facktor, vice president and general manager, Strategic Operations, Ball Aerospace. Though as customers look to go small, they also do not want to lose capability -- leveraging the mutual capabilities of Ball Aerospace and AAC will help address these customer needs."
AAC Clyde and Ball Aerospace have complementary small satellite capabilities. AAC Clyde offers satellites in the 1 to 50 kg range and with its scalable Ball Configurable Platform (BCP) satellite bus, Ball Aerospace offers satellites in a wide-range of size and weight. Both companies also offer unique spacecraft components and Ball is recognized for its world-class payload and mission capabilities.
The intent of the MOU is to conduct open-ended discussions on various topics with a view to explore market opportunities.
Ball Aerospace pioneers discoveries that enable our customers to perform beyond expectation and protect what matters most. We create innovative space solutions, enable more accurate weather forecasts, drive insightful observations of our planet, deliver actionable data and intelligence, and ensure those who defend our freedom go forward bravely and return home safely.
Ball Aerospace is a business of Ball Corporation, a supplier of innovative, sustainable packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 17,500 people worldwide and reported 2017 net sales of $11 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter. 2018-11-20 FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:
CEO Alfonso Barreiro, [email protected]
Chairman of the board Rolf Hallencreutz, [email protected]
The following documents can be retrieved from beQuoted
AAC Mircotec Pressrelease 2018-11-20.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.
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