GomSpace enters a turn-key contract with Aerial & Maritime Ltd.
December 21, 2016 – GomSpace ApS (”GomSpace”) and Aerial & Maritime Ltd (”A&M”) both subsidiaries of GS Sweden AB (the ”Company”) have entered into a turn-key delivery contract, whereas GomSpace will design, deliver, launch and commission a constellation of satellites into a low-inclination Equatorial orbit. The delivery of the satellites and launch will take place in 2018. The contract has a value of approximately USD 6.0 million.
The objective of A&M is to own and operate a constellation of nanosatellites to be launched into a low-inclination Equatorial orbit. The satellites will be capable of monitoring the whereabouts of civilian aircraft and vessels in an area spanning from 37 Degrees Northern to 37 Degrees Southern Latitude using ADS-B and AIS signals, respectively.
”This turn-key contract represents an important milestone for GomSpace as this is the first major project comprising the design, manufacturing, launch and commissioning of a complete constellation entirely for commercial usage, which GomSpace will execute,” says Niels Buus, CEO, GomSpace.
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 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.
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:30 CET on December 21, 2016.