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ÅAC Microtec and York Space Systems Announce Agreement to Supply Advanced Avionics for Small Spacecraft Platform

Press Releases   •   Aug 08, 2016 10:00 CEST


For Release August 8th, 2016, Logan, UT: York Space Systems and AAC Microtec announce a definitive agreement for the supply of advanced command and data handling avionics for York’s S-Class small spacecraft platform. The avionics leverage AAC’s unique design approach with low cost and high reliability. Under the agreement, the electronics will be manufactured by York in the United States; enabling broad reach across US Government and commercial markets.

The first flight sets will be aboard York’s Harbinger mission for a US Government customer, launching Q3 2017, and will be integrated across York’s 20+ platforms currently under formal agreements or LOIs planned for production for commercial and Government customers.

“We are very happy and proud of our partnership with York. This shows the strength of our new product platform. The Sirius products are designed to provide optimal reliability at an attractive price. We look forward to a fruitful and successful cooperation”, says Mikael Andersson, Chief Executive Officer of ÅAC Microtec AB.

“AAC’s design and avionics capabilities are a great fit for our S-Class platform, and our production plans. The products are compact, affordable, and offer an array of interfaces and variety for payload and mission customers, while giving our platforms best-in-class performance. We look forward to developing our great relationship and supporting the successful rollout of our mass production platform with AAC,” says Dirk Wallinger, Chief Executive Officer of York Space Systems.

“AAC Microtec designs world-class avionics meeting demanding on-orbit and deep space performance criteria. York Space demonstrated early on that we could craft a win-win business agreement from our initial meetings at our Mountain View office last November. This effort has established a solid foothold in the US to complement our European and Asian markets.

As a global provider of cost effective fault-tolerant and radiation tolerant systems, AAC Microtec proudly supports the efforts of York Space systems from both our offices in California and in Sweden. We look forward to supporting this rising star in New Space and our mutual growth in the North American space sector” says Michael Carey, President and CEO AAC Microtec North America, Inc.

Left: An example of the ÅAC Sirius Avionics data-handling sub-system that includes two Sirius OBCs and one Sirius TCM. The mechanical casings are tailored for easy stacking of additional units for increased performance and reliability. Right: Casings with brackets for satellite panel mounting.

York’s S-Class platform combines capability, cost, and rapid delivery allowing customers to rethink the way space assets are procured. For both Government and commercial customers, the S-Class platform gives customers the ability to deploy rapidly off-the-shelf and at mass production cost points, while avoiding the three year wait time between concept and flight.

The S-Class platform addresses the responsive and commoditized approach demanded by customers, allowing Payloads and Mission Planners to focus on the important aspects of the mission—the data and the payload. With one-week delivery times on inventory, known interfaces, and unmatched cost points, the S-Class is intended to win the make/buy decision with a Model-T approach

About York Space Systems

York Space Systems is an innovative American aerospace company specializing in small and medium class spacecraft based in Denver, CO. The company is entering the production phase of their S-Class platform, which leverages a proprietary design to reduce the cost of manufacture by an order of magnitude. The S-Class platform is a 3-axis stabilized spacecraft capable of supporting 85kg payloads with up to 100W of Orbit Average Power (OAP), 1,400 W Peak (Standard), or 3,000 W Peak (Enhanced) with one week delivery times on inventory.

Designed for mass manufacture and intended for constellations, the S-Class supports a wide range of missions including earth observation and communication. It is capable of steady state operation in any orbit inclination and orientation without redesign. The platform form factor can leverage existing ride-share opportunities on ESPA, or can be adapted to any of the numerous dedicated small launch vehicles. It is currently under development to significantly reduce launch segment costs. For more information, visit http://www.YorkSpaceSystems.com

About ÅAC Microtec

ÅAC Microtec globally provides high value space solutions and systems for commercial and governmental customers through its partner network and offices in Uppsala, Sweden, and Moffett Field, CA, USA. The company is, today, a core development partner in leading programs to launch new, smaller satellites for the new space market. Based on its advanced position in these programs, ÅAC’s ambition is to further strengthen its position as a strategic supplier for the growing aerospace industry. For more information, visit www.aacmicrotec.com

ÅAC Sirius avionics products are tailored to meet increasingly demanding requirements on reliability, resilience and low power consumption. Their form factor, mass and dimensions make them attractive for the small satellite market and launch vehicle segments where a reduction in the size and mass of their power and data handling sub-systems are key factors. The capacity for onboard data handling, data storage and data transfer meets the current trend towards more advanced missions in smaller spacecraft.

York’s Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

For further information please contact:

York Space Systems LLC, Kate Bailey, Director of Media Relations, PR@YorkSpaceSystems.com

ÅAC Microtec AB, Johan Bäckström, VP Sales & Marketing, +46 70 673 6755 johan.backstrom@aacmicrotec.com

AAC Microtec & York Space Systems announce an agreement for the supply of advanced command & data handling avionics for York’s S-Class small spacecraft platform. The avionics leverage AAC’s unique design approach with low cost and high reliability. Under the agreement, the electronics will be manufactured by York in the United States; enabling broad reach across US Government & commercial markets.

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Visit us at the Small Satellite Conference

Press Releases   •   Aug 04, 2016 11:08 CEST

Visit our booth (#1-2) at the Small Satellite Conference in Logan, UT, USA, 6-11 August. 

For the 6th year in a row, ÅAC Microtec is proud to sponsor the Annual AIAA/USU Conference on Small Satellites. We truly believe this is one of the best events in the industry - bringing together the best of the space and small satellite community. 

We will display the new ÅAC Sirius avionics products, which are tailored to meet increasingly demanding requirements on reliability, resilience and low power consumption. Their form factor, mass and dimensions make them attractive for the small satellite market and launch vehicle segments where a reduction in the size and mass of their power and data handling sub-systems are key factors. The capacity for onboard data handling, data storage and data transfer meets the current trend towards more advanced missions in smaller spacecraft.

As a token of our appreciation of this event, we are offering you a chance to win a nice gadget. Swing by our booth and leave your business card with us. At the end of the conference we will randomly select a winner!

EXHIBIT HOURS

- Monday August 8, 11:00am — 5:00pm

- Tuesday August 9, 9:00am — 5:00pm

- Wednesday August 10, 9:00am — 5:00pm

- Thursday August 11, 9:00am — 12:00pm

ÅAC Microtec globally provides high value space solutions and systems for commercial and governmental customers through its partner network and offices in Uppsala, Sweden, and Moffett Field, CA, USA. The company is today a core development partner in leading programs to launch new, smaller satellites for the new space market. Based on its advanced position in these programs, ÅAC’s ambition is to further strengthen its position as a strategic supplier for the growing aerospace industry.

www.aacmicrotec.com

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ÅAC Microtec Announces Opening of UK Subsidiary and Appointment of Iraklis Hatziathanasiou as VP Business Development Europe

Press Releases   •   Jan 18, 2017 12:32 CET

2017-01-18 ÅAC Microtec AB

ÅAC Microtec a Swedish corporation developing and marketing satellite components and satellite buses announce today, the incorporation of a UK subsidiary based in Harwell, Oxfordshire. Following the recent successful IPO on the Nasdaq First North Stockholm, the Company has announced the expansion of its operations through the opening of a UK office. The UK operation will address the growing demand in UK and at other European organisations. The UK is one of the larger “Space Economies” in Europe and represents a significant market opportunity for ÅAC Microtec.

Iraklis Hatziathanasiou is appointed as VP of Business Development Europe. Iraklis has over 15 years of experience in the space industry and brings a well-established knowledge of the rapidly expanding small-satellite market and in-depth understanding of the European institutions and their wider networks. His most recent experience includes a Senior Manager role in the space division of Honeywell Aerospace and advisory roles with private and government organisations across Europe.

- I am delighted to be joining the ÅAC Microtec team at the most exciting point of their operating life to-date and I am looking forward to helping the team grow and increase further its leadership in the global market for highly-reliable miniaturised spacecraft and space equipment, stated Iraklis Hatziathanasiou, the newly appointed Business Development Manager for the European market.

Mikael Andersson, CEO of ÅAC Microtec AB, also stated that - Today’s announcement is in line with our plans to expand our market efforts. This is a step towards delivering a growth strategy that would position ÅAC Microtec as one of the main European suppliers of miniaturised and small spacecraft. I am also excited to welcome Iraklis to ÅAC.

FOR MORE INFORMATION:

Please visit : www.aacmicrotec.com or contact:

Chairman of the board Rolf Hallencreutz, rolf.hallencreutz@aacmicrotec.com , +46 70 964 21 60

CEO Mikael Andersson, mikael.andersson@aacmicrotec.com, +46 70 515 26 00

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 08:30 CET on 18 January, 2017.

About ÅAC Microtec:

ÅAC Microtec is a supplier of spacecraft avionics and data management products, such as onboard computers, mass memory storage and power supplies. The company is focused on micro-satellite (weight <150 kg) applications and products and offers complete spacecraft in collaboration with other specialized suppliers. ÅAC's technical competence includes the advanced and robust, fault-tolerant microelectronics for critical applications.
ÅAC Microtec's shares are traded on Nasdaq First North. G&W Brokerage, telephone +46 8 503 000 50, is the Certified Adviser.

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Wishing you a season of joy and looking forward to continued success in the New Year!

News   •   Dec 23, 2016 13:29 CET

After an intensive and interesting process ÅAC Microtec is now a public company

We look forward to a fruitful cooperation with our friends in the space Community!

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The Japanese HE Ambassador Jun Yamazaki visited ÅAC Microtec

Press Releases   •   Aug 27, 2016 14:15 CEST

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​AAC Microtec is proud to announce the winner...

Press Releases   •   Aug 11, 2016 02:28 CEST

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ÅAC Microtec receives contract to develop advanced miniaturized motion controller for space rovers and robots

Press Releases   •   May 16, 2016 05:00 CEST

The European Space Agency ESA has awarded Uppsala-based ÅAC Microtec the contract to develop an advanced miniaturized motion controller for future robotic exploration missions to Mars. The contract for the Miniaturized Motion Controller for Robotic Exploration (MCC-X) is worth EUR 1,950,000. The project will be started immediately and run to the end of 2019.

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ÅAC Microtec avionics aboard the first 50 kg microsatellite deployed from the ISS

Press Releases   •   May 11, 2016 15:38 CEST

ÅAC Microtec has supplied a key avionics component for the new Philippine microsatellite Diwata-1, which was launched from Kennedy Space Center to the International Space Station (ISS) on March 23 and successfully deployed into orbit on April 27.

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ÅAC Microtec wishes you a Merry Christmas and a Happy New Year

News   •   Dec 22, 2015 17:14 CET

ÅAC Microtec would like to wish you a Merry Christmas and a Prosperous New Year!

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ÅAC Microtec and Spacemetric partner on smart downlinking of Earth observation data

Press Releases   •   Sep 20, 2015 23:00 CEST

ÅAC Microtec and Spacemetric have announced today their partnership on innovative technologies for smart downlinking of satellite Earth observation data. The new Bluestone technology will optimise the downlink of imagery from satellites to ground stations addressing the problem of handling the ever increasing volumes of data generated in space.

About ÅAC Microtec

Provider of reliable and resilient solutions for space

Address

  • ÅAC Microtec
  • Dag Hammarskjölds Väg 48
  • 75183 Uppsala
  • Sweden