The Satellite Applications Catapult, Horizon Technologies, and Virgin Orbit Accelerate the UK Small Satellite Market with a New Launch Agreement for Cornwall 2022

LauncherOne ignites after being dropped from Cosmic Girl. (Credit: Virgin Orbit)

DIDCOT, UK (Satellite Applications Catapult PR) The Satellite Applications Catapult (“the Catapult”) and Virgin Orbit (“Virgin Orbit”, Nasdaq: VORB), a leading launch provider, have announced an agreement to launch the latest satellite in the Catapult’s In-Orbit Demonstration (IOD) programme into space from the United Kingdom later this year.

The satellite, called Amber-1, is a partnership between the Catapult and Horizon Technologies. Built by AAC Clyde Space in Scotland, it will be launched by Virgin Orbit’s LauncherOne on its historic flight from Spaceport Cornwall this year – a mission that is expected to mark the first ever orbital launch from a United Kingdom spaceport.

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AAC Clyde Space Quarterly and Full Year Results

2022-02-17 AAC Clyde Space AB (publ)

Fourth quarter, October-December 2021 (compared with October-December 2020)

  • Net sales increased 116% to SEK 62.1 M (28.7)
  • · Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK -1.0 M (-10.9) and to 0.0 M (-1.6) excluding non-recurring personnel costs of -1.0 M (-1.7) and acquisition costs of 0 M (-7.6)
  • Earnings before interest and tax (EBIT) amounted to SEK -8.0 M (-13.2)
  • The loss after tax was SEK -8.3 M (-13.4)
  • Basic and diluted earnings per share amounted to SEK -0.04 (-0.14)
  • Cash flow from operating activities totalled SEK -1.7 (-11.7)
  • The order backlog increased 161% to SEK 407.2 M (156.3)
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AAC Clyde Space Wins 4.5 MSEK Follow-on Order For In-orbit Production Spacecraft

GLASGOW, Scotland (AAC Clyde Space PR) — AAC Clyde Space, a leading New Space company, has received a 441,000 euro (approx. 4.5 MSEK) order from UK-based Space Forge to provide space products for a demonstration spacecraft designed to leverage the space environment for production and experiments, capable of performing multiple trips to space.

The order follows an order in December 2020 to contribute to the design of a satellite platform for the same purpose. The reusable spacecraft is intended to deorbit in a controlled manoeuvre to deliver its products and results back to Earth after six months in-orbit, thereby enabling efficient production and revolutionary experiments by leveraging the micro gravity in-orbit. The design will benefit from AAC Clyde Space’s standard satellite platform heritage, adjusted for re-entry into the atmosphere and landing on Earth. Back on Earth the satellites will be recovered, refurbished, and eventually re-launched.

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AAC Clyde Space Wins Order for U.S. DoD Satellite Mission Led by Aegis Aerospace

UPPSALA, Sweden (AAC Clyde Space PR) — AAC Clyde Space AB, a leading new space company, has won an order from U.S. Aegis Aerospace to supply its Starbuck power systems and battery solutions worth 500,000 USD (approx. 4.5 MSEK) for a satellite mission carried out on behalf of the U.S. Department of Defense (DoD).

The mission, the STPSat-7 led by Aegis Aerospace, is a 150 kg satellite that will host research and technology demonstration payloads for the Department of Defense Space Test Program. It will operate in Low Earth Orbit (LEO).

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AAC Clyde Space Advances xSPANCION Project

UPPSALA, Sweden, November 9, 2011 (AAC Clyde Space PR) — AAC Clyde Space and its partners, have successfully completed the first phase of the xSPANCION project with a successful Preliminary Design Review, conducted jointly with the European Space Agency (ESA). Together with the partners, the company has agreed to accelerate the project by kicking off the Spacecraft Manufacturing Preparation Phase. To achieve this, a Phase 2 has been introduced to the project valued at 5.6 MEUR (approx. 57.3 MSEK), of which the UK Space Agency, through the ESA’s Pioneer Partnership Projects, will contribute 2.8 MEUR (approx. 28.7 MSEK).

The 3-year project, previously announced 18th November 2020 by AAC Clyde Space aims to develop an innovative satellite constellation service. The total 19.7 M€ (approx. 201.7 MSEK) project is co-funded by the UK Space Agency, through ESA’s Pioneer Partnership Projects, with 9.9 M€ (approx. 100.9 MSEK).

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National Geospatial-Intelligence Agency Launches Phase 4a of MagQuest Challenge on HeroX to Advance NASA’s Ability to Measure Earth’s Magnetic Field

Millions of Dollars to Help Accelerate Novel Approaches to Geomagnetic Data Collection for the World Magnetic Model

SPRINGFIELD, Va., September 28, 2021 (HeroX PR) — The National Geospatial-Intelligence Agency (NGA) just launched the Demonstration Phase (Phase 4a) of its MagQuest Challenge to develop novel data collection approaches for the World Magnetic Model.

The WMM ultimately ensures the accuracy of navigation because it corrects for differences in magnetic forces at a user’s location. The model is used by thousands of systems for mobile navigation apps and is critical for military and commercial uses around the world.

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Hiber Four Satellite in Space With Green CubeSat Propulsion Launched on SpaceX Rocket

Evaluation of a test Hiber nanosatellite took place in ESA’s metal-walled Hybrid European Radio Frequency and Antenna Test Zone (Hertz) at the Agency’s technical centre in the Netherlands, shut off from all external influences for radio testing.  (Credit: ESA–G. Porter)

DELFT, The Netherlands, 25 January 2021 (Dawn Aerospace PR) — IoT solutions provider Hiber has successfully launched their 3U CubeSat, Hiber Four, onboard SpaceX’s dedicated rideshare mission: Transporter-1. The satellite was equipped with a new-to-market green propulsion system from Dawn Aerospace and Hyperion Technologies.

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Hyperion’s Laser Communication Terminal to Fly into Space in 2022

Dutch consortium secures technology demonstration within the ESA ScyLight programme

DELFT, The Netherlands, 5 January 2021 (Hyperion Technologies PR) — Ultra-high data rates for small satellites, free of licencing fees and year-long application processes – this will soon be reality. Thanks to the award to carry out an ESA ScyLight technology demonstration project supported by the Netherlands Ministry of Defense and Netherlands Space Office (NSO), a Dutch consortium consisting of TNO and Hyperion Technologies will be launching the jointly developed laser satellite terminal into space. Target launch is set for early 2022 on board the NorSat-TD satellite.

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Government Funds UK Companies at the Forefront of Space Innovation

21 UK organisations have been awarded a share of over £7 million of funding to put the UK at the forefront of the latest advances in space innovation

SWINDON, UK (UK Space Agency PR) — The cash injection is going to high-risk, high-reward projects that support companies and universities with radical ideas for how we tackle climate change through Earth Observation or address satellite communications challenges, from providing greater connectivity to remote places to increasing the efficiency of our homes.

Projects set for the cash boost include The Open University who will use the money to create the UK’s first Precision Forestry tool, TreeView, which will support efforts to tackle the climate emergency through detailed measurement of tree-planting initiatives aimed at increasing carbon dioxide removal.

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10 New Satellites to be Built in Glasgow as Part of New Innovative Constellation Service

10 new government-backed satellites the size of a shoebox are going to be built in Scotland after a signing between AAC Clyde Space UK and ESA

SWINDON, UK (UK Space Agency PR) — AAC Clyde manufacture a range of small satellites, ranging from 1kg to 50kg in weight, and offer space-as-a-service, which is an end-to-end mission service covering everything from mission design, launch and satellite operations to data delivery for companies including; Orbcomm, NSLComm, Eutelsat, Orbital Micro Systems, NASA and ESA.

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AAC Clyde Space to Develop Innovative Constellation Services with ESA, UK Space Agency

UPPSALA, Sweden (AAC Clyde Space PR) — AAC Clyde Space embarks on a 3-year project, named xSPANCION, with the European Space Agency (ESA) to develop an innovative satellite constellation service, including the manufacturing of 10 spacecrafts. The UK Space Agency through ESA, will co-fund the project with 9.9 MEUR (approx. 101.4 MSEK). AAC Clyde Space intends to, outside this project, enter into customer service agreements for data delivery from the constellation.

During the first phase of the project running until mid-2021, AAC Clyde Space will deliver a preliminary design for its next generation space as a service offering. The value of this first phase is 1.8 MEUR (approx. 18.4 MSEK) of which 0.9 MEUR (approx. 9.2 MSEK) will be co-funded by UK Space Agency through ESA, providing sufficient resources to achieve comfortably this part of the project. The co-funding from UK Space Agency will be recognized as revenue with no net margin since AAC Clyde Space and partners will co-fund the remaining 0.9 MEUR (approx. 9.2 MEUR).

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AAC Clyde Space to Acquire Hyperion Technologies for 22.8 MSEK

UPPSALA, Sweden (AAC Clyde Space PR) — AAC Clyde Space (“AAC”) has reached an agreement to acquire 100 % of the shares in Hyperion Technologies BV, in a shares and cash deal. The current owners of Hyperion Technologies will receive 7,755,000 new shares in AAC, equivalent to approximately 21.7 MSEK [$2.47 million] calculated at 2.80 SEK per share and 0.1 MEUR (approx. 1.1 MSEK) [$130,000] in cash, subject to approval by the AAC EGM.

Commenting on the announcement AAC CEO Luis Gomes stated, “It is great to see the Hyperion team join the AAC Clyde Space family bringing together two great Newspace companies. With this acquisition we will further extend our product offering and will access some key technologies, adding substantial capability to our missions. I look forward to work with our new colleagues in Delft as we continue to change the economics of accessing services from space”.

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D-Orbit Announces Launch Service Contract with AAC Clyde Space

The contract covers InOrbit NOW Launch Service for two AAC Clyde Space’s 6U CubeSats built for the Eutelsat LEO for Objects (ELO) Constellation

FINO MORNASCO, Italy, October 8, 2020 (D-Orbit PR) — Italian in-orbit transportation company D-Orbit has announced a launch service agreement with Swedish-British small satellite manufacturer AAC Clyde Space. The contract covers launch and deployment of two Eutelsat LEO for Objects (ELO) 6U CubeSats in 2021 developed and built by AAC Clyde Space.

Eutelsat’s ELO is a constellation that aims at providing global Internet of things (IoT) coverage from low Earth orbit to support sectors like transport, oil and gas, and agriculture. The constellation, in combination with ground infrastructures, will enable companies to gather data from tens of millions of objects, irrespective of their geographic location.

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Kepler Announces Successful Launch of Third Satellite

TARS satellite (Credit: Kepler Communications)

TORONTO, ONTARIO, September 3, 2020 (Kepler Communications PR) – Kepler’s Low Earth Orbit constellation expanded earlier today with the successful launch of its third satellite. This satellite, internally referred to as TARS, was launched onboard the Arianespace Vega SSMS (Small Spacecraft Mission Service) from the Guiana Space Centre at approximately 01:51 UTC, with communication established shortly thereafter.

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What’s On Board Vega Booster

The European Vega rocket that launched this evening was carrying 53 satellites on its first rideshare mission as part of the Small Spacecraft Mission Service Proof of Concept Flight.

The payloads included 14 Flock 4V Earth imaging satellites from Planet, 12 SpaceBEE Internet of Things spacecraft from Swarm Technologies, and 8 maritime monitoring satellites from Spire.

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