Exotrail Secures Contract with AAC Clyde Space to Equip Spacecraft for Eutelsat’s ELO 3 and 4

PARIS (Exotrail PR) — Exotrail, a French company dedicated to providing innovative on-orbit transportation solutions for the small satellite market have announced today that they have signed a contract with AAC Clyde Space, Europe’s leading nanosatellite solutions specialist.

Exotrail will equip them with cutting-edge propulsion solutions for their customer, the global satellite telecommunications leader Eutelsat, for its ELO 3 and ELO 4 spacecrafts.The French company will provide propulsion systems for the two 6U CubeSats which will be manufactured and delivered to orbit by AAC Clyde Space.

The Eutelsat mission is a precursor to a potential constellation called ELO (Eutelsat LEO for Objects).  The contract is to be delivered before the end of the year, both satellites will be launched in 2021.

AAC Clyde Space CEO Luis Gomes said:

“We are very much looking forward to working with Exotrail.  Their product is a perfect fit for both our needs and our customer’s requirements. Their modular ExoMG™ product has a highly compact and flexible form factor with industry leading performance levels, in particular with respect to thrust levels”

David Henri, Co-founder and CEO of Exotrail added:

“AAC Clyde Space is an established specialist in advanced nanosatellite spacecraft missions and provides market-leading New Space solutions. We are delighted to be able to assist them for this mission with our ExoMG™ – nano.  This underlines the relevance of our solutions for optimising global constellations and our expertise in this growing sector”

Exotrail started its propulsion system development with a flight demonstrator project that was designed, built, qualified and delivered in only 10 months. The launch of the flight system demonstrator, initially scheduled to fly in November 2019 on board a PSLV, is now planned in March 2020 (due to launcher delay). And the resulting heritage acquired with this project, along with the expertise and innovation put forward in Exotrail’s product development, has allowed the company to secure its first customers.  These customer contracts demonstrate that Exotrail’s strategy is paying off and that the company has moved quickly from vision to reality. A vision to not only provide a propulsion system, but a set of software, hardware and services, to change the way satellites are being launched and operated on orbit. This vision is now translating into revenue and success.

About Exotrail

Exotrail is a start-up developing solutions for on-orbit transportation, including electric propulsion and mission optimisation solutions for small satellites. Exotrail’s mission is to deliver agility to the space industry to foster an environment of new services in Earth observation, telecommunication and science. Exotrail employs about 25 people in Massy (Paris region) and Toulouse in France and has raised more than 6M€ of public & private funds since its incorporation in 2017.

About AAC Clyde Space

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.

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.

For more information please visit www.aac-clyde.space