Aerial & Maritime Ltd. and AISTECH Srl. enter into a mutual Data Service Agreement
Aerial & Maritime Ltd (”A&M”) an associated company of GS Sweden AB (”GomSpace” or the ”Company”) has entered into a mutual Data Service Agreement with the Spanish company AISTECH Srl. (”AISTECH”). The term of the agreement is 5 years and the first data delivery is expected in 2018 . The total value of the agreement is depending on several options to be activated throughout the contractual period, such as different data packages and size of data, and will therefore range between a value of 1 to 8 million EUR for A&M and between 1 to 4 million EUR for AISTECH.
Both parties will gain access to ADS-B data for monitoring commercial aircraft as well as AIS data for monitoring vessels, respectively, from the other party’s constellation of satellites. The agreement will give both parties early access to data from outside of their initial satellite coverage area, which will enable both parties to offer a vastly improved service to their respective customers.
For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu @ gomspace.com
About GS Sweden AB
The Company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace ApS, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com .
About Aerial & Maritime Ltd.
Aerial & Maritime will be offering a nanosatellite-based service for monitoring aircrafts and maritime vessels in a region spanning from the 37th parallel North to the 37th parallel South of the Equator. GS Sweden AB owns 48 percent of the share capital in A&M.
About AISTECH SPACE
Aistech Space is a global space company with operational office in Spain. The main goal of the company is to capture data from earth and provide value information using Nanosatellite-based network in polar orbit. The company is committed to create value for its customers and for society, making the space information reachable for anyone who needs it.
This information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on March 30, 2017.