ÅAC Microtec's subsidiary Clyde Space expects to receive a repayment from the UK tax authorities of £570 000ÅAC Microtec AB Research and development (R&D) tax credits are a UK government tax relief supporting companies that work on innovative projects making advances in science and technology. Clyde Space qualifies for R&D tax credits due to the ongoing development of industry leading CubeSat platforms and subsystems. Clyde Space has completed the calculations of the R&D tax credits for the financial year ending 30th April, 2018 resulting in an expected R&D tax credit due for repayment from the tax authority of £570,000. The repayment is expected to be received in October 2018. 2018-08-22 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 17:00 CET on 22 August, 2018.
The following documents can be retrieved from beQuoted
AAC Microtec Pressrelease 2018-08-22 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.
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