ÅAC Microtec Awarded Contract from US Air Force Academy for Small Satellite Components2019-10-01 ÅAC Microtec AB (AAC Clyde Space)
AAC Clyde Space, has received a new order of components from the US Air Force Academy and its FalconSat programme. The order, with a value of USD 655,000 (approx. 6,4 MSEK), is for a set of THREE small satellite solar panels and EIGHT 1.2Nms small satellite reaction wheels for the next FalconSat mission. This is the third time the US Air Force Academy has selected AAC Clyde Space to supply small satellite components for its missions. FalconSAT is the United States Air Force Academy's small satellite engineering programme and is one of the most successful student satellite programmes in the world, having been running since 1997. The FalconSat satellites are designed, built, tested, and operated by Academy cadets.
"We're delighted to continue our long-standing relationship with the FalconSat programme at the US Air Force Academy. The success of the FalconSat programme is testament to the dedication of the teaching staff at the Academy; working with the students on missions that are delivering real science and innovation," said Craig Clark MBE, Clyde Space Founder & CEO of AAC Microtec North America.
The order is scheduled for delivery in Q3 2020. FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes [email protected]
CFO Mats Thideman, [email protected], mobile +46 70 556 09 73
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 14:15 CET on 1 October 2019.
The following documents can be retrieved from beQuoted
AAC Microtec Pressrelease 2019-10-01.pdf ABOUT AAC CLYDE SPACE
The group AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivalled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact.
ÅAC Microtec's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail [email protected], telephone +46 8 463 83 00, is the Certified Adviser.
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