6U agreement between GomSpace and Sky and Space Global finalized

As announced 8 April 2019 by GomSpace, Sky and Space Global and GomSpace have entered into a Heads of Agreement consisting of two parts:

  • A new agreement (6U Agreement)
  • Changes to the original agreement from 2017 (as amended) (Pearls Agreement)

Entering into the Heads of Agreement, GomSpace expected the above-mentioned agreements to be finalized no later than May 2019.

Today, both parties signed the definite agreement of the delivery of 6U satellites. The new agreement includes a delivery of the first batch of 8 nanosatellites by Q1 2020 - and an optional batch of 8 more nanosatellites planned for first half year 2020.

The order value of the first batch of 8 nanosatellites is EUR 5,3 million, and the order value of the optional batch of additional 8 nanosatellites is up to EUR 3,8 million.

The new agreement is conditional upon secured financing by Sky and Space Global and the parties reaching an agreement on changes to the original agreement entered into in 2017 (as amended) (Pearls Agreement). Both parties expect to reach a definite agreement of the changes to the original agreement from 2017 (as amended) within 30 days.

“I am very pleased that we have reached an important step in finalizing our agreements. I am looking forward to continue the collaboration,” says Niels Buus, CEO of GomSpace.

For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
E-mail: nbu @ gomspace.com

About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, 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, info@fnca.se, +46-8-528 00 399 is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.

Miscellaneous
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, 01.45 a.m. CET on 13 May 2019.

About Us

GomSpace is a globally leading manufacturer and supplier of cubesat & small satellite solutions for customers in the academic, government and commercial markets. Our positions of strength include systems integration, cubesat platforms, advanced miniaturized radio technology and satellite operations. Our international team is devoted to understanding our customer’s requirements and to delivering flawlessly. We are more than 130 employees, from many different nationalities, and we serve our customers in more than 60 countries. We were founded in 2007 and are today a listed company at the Nasdaq stock exchange in Stockholm (GOMX). We have our main headquarters in Aalborg in Denmark, our propulsion technology center in Uppsala in Sweden and our satellite & constellations operations center in Luxembourg. Our American customers are served through our project and business development office in Washington. We believe nanosatellites should be put to work delivering revenue and/or mission critical services for their owners, and we can deliver the - often complex - products and solutions that enable our customers in doing so. With more than 13 years of experience in the market and a track record of multiple successful missions accomplished, we have developed profound knowledge and competencies within Radio Technology, Cubesat Platforms, Project Management as well as Innovation. We provide the solutions that enables our customers to succeed in their business - whether this is a product, a subsystem, support or a full customized solution. We deliver these projects based on our strong in-house portfolios of established products and rich capabilities.

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