AAC Clyde Space is a space company specializing in small satellite technologies and services. As a manufacturer and service provider, they offer CubeSat components, satellite platforms, and "Space Data as a Service" (SDaaS), delivering data for Earth observation and maritime applications. The company partners with commercial, governmental, and educational organizations, including the UK Space Agency and ESA, with operations in Sweden, the UK, Netherlands, South Africa and the USA. Keywords associated with the company include: CubeSats, satellite components, space data, earth observation, and maritime tracking.
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Exotrail signed contracts in 2020 worth more than 1,000,000 EUR with customers including the European Space Agency, the French space agency CNES, and AAC Clyde Space.
Hyperion Technologies, a Dutch company acquired by AAC Clyde Space in October, developed the CubeCAT laser terminal with TNO.
AAC Clyde Space reached an agreement on 2020-10-15 to acquire 100% of the shares in SpaceQuest Ltd in an all-shares deal subject to CFIUS approval.
AAC Clyde Space provides customizable satellite platforms in the mass range of 1 to 50 kg and a full range of subsystems for cube and small satellites.
The UK recently committed £250 million of investment to back ESA projects led by innovative companies such as AAC Clyde Space.
The 10 satellites will be built as part of a three-year project titled xSPANCION led by AAC Clyde Space.
AAC Clyde Space will partner with the University of Strathclyde, the Satellite Applications Catapult, Bright Ascension, and D-Orbit UK to design and launch the 10 satellites.
AAC Clyde Space UK and the European Space Agency signed an agreement to build 10 government-backed satellites in Scotland.
In June, AAC Clyde Space received a £2,300,000grant from Scottish Enterprise to co-fund development, manufacturing, and operations of a new generation of nanosatellites and small satellites based on a standard modular design.
AAC Clyde Space has a 19,000,000 EUR contract backed by the U.K. Space Agency to develop a 10-cubesat communications and Earth-observation constellation.
The Scottish Enterprise grant to AAC Clyde Space will be paid over three years and is designed to cover 50% of AAC Clyde Space’s cost of developing the next generation of satellites.
During the first phase of xSPANCION, AAC Clyde Space will create a preliminary design with 900,000 EUR of funding provided by the U.K. Space Agency through ESA and another 900,000 EUR contributed by AAC Clyde Space and its partners.
The co-funding from the UK Space Agency for the first phase will be recognized as revenue with no net margin because AAC Clyde Space and partners will co-fund the remaining €0.9 million.
The first phase of xSPANCION runs until mid-2021 and will deliver a preliminary design for AAC Clyde Space’s next-generation space-as-a-service offering.
AAC Clyde Space intends to raise additional funds for xSPANCION by signing up customers for constellation services.
The UK committed £250 million of investment to back ESA projects led by innovative companies like AAC Clyde Space.
As part of xSPANCION, AAC Clyde Space will develop and manufacture satellites to provide space-based services to companies.
The U.K. government committed £250,000,000of investment to back ESA projects led by innovative companies like AAC Clyde Space.
AAC Clyde Space plans to acquire SpaceQuest for $8,400,000 pending shareholder approval and approval from the U.S. Committee on Foreign Investment in the United States.
AAC Clyde Space was formed in early 2018 when shareholders of AAC Microtech approved a late-2017 plan to acquire Scotland’s Clyde Space.