BLOOMINGTON, Minnesota, December 22, 2017 (BIS Research PR) — According to a market intelligence report by BIS Research titled “Global Small Satellites Market, Analysis & Forecast, 2017-2021“, the global market is expected to reach $10.10 billion by 2021, growing at a CAGR of 31.9% during the forecast period, 2017 – 2021. In the recent years, small satellites have gained traction owing to the significant mass reduction in the subsystems and components along with higher cost-efficiency. The interest in small satellites has increased significantly during the last few years. Over the past decade, nearly $2.5 billion has been invested in small satellites, of which half of the amount was generated in the last two to three years.
UPPSALA, Sweden (AAC Microtec PR) — The Swedish space tech company ÅAC Microtec AB (“AAC”) has today entered into a share sale and purchase agreement to acquire 100% of the shares in UK based Clyde Space Ltd (“Clyde Space”) (the “Transaction”), the leading player in the global, high-growth CubeSat market.
The acquisition will be paid for with 30 466 326 newly issued shares in AAC and GBP 2 million in cash, equivalent to approximately SEK 294 million (at a share price of 8.90 SEK/share). After completion of the acquisition, Clyde Space owners will hold 49 percent of AAC.
Being a fast-growing forerunner in the “New Space” market, Clyde Space has supplied complete platforms as well as over 2,000 subsystems for small spacecraft. In the CubeSat sector, Clyde Space is a market leader, supporting around 30-40 percent of all current and past missions. For the period Q1-Q3 2017, Clyde Space’s revenues amounted to approximately GBP 3.98 million, corresponding to approximately million SEK 45 million. EBITDA for the same period amounted to approximately GBP -0.03 million, corresponding to approximately SEK -0.3 million. The company employs 77 individuals in Glasgow, Scotland. (more…)
GLASGOW, Scotland (Clyde Space PR) — Clyde Space, Europe’s leading manufacturer of miniature satellites, has announced a partnership with conglomerate Teledyne e2v to deliver a world-first in satellite technology.
Craig Clark MBE, Clyde Space CEO, said in conjunction with Teledyne e2v “We will create a new wave of space applications”.
With a high-tech solution provided by Clyde Space, the project team led by Teledyne e2v working with research partner the University of Birmingham, is using quantum technology to provide a state-of-the-art technical solution capable of creating ultra-sensitive ‘cold atoms’ in space. The project is funded by Innovate UK, the ‘UK’s innovation agency’ and also includes leading edge technology from project partners Gooch & Housego, XCAM, Covesion and the University of Southampton.
GLASGOW (Clyde Space PR) — Clyde Space, the pioneering company which designed and manufactured Scotland’s first spacecraft, has announced two major appointments to its management team including the former President of Virgin Galactic.
There were updates given during the past week at the Small Satellite Conference and the CubeSat Workshop on European activities. Clyde Space provided an overview of the planned Outernet constellation. Nammo Raufoss provided an update on its nanosat launcher. European Space Agency (ESA) officials also discussed the agency’s smallsat activities.
Below are summaries of those presentations from Tweets by Jeff Foust (@jeff_foust), David Hurst (@OrbitalDave) and RITSpaceExploration (@RITSPEX).
Clyde Stays Cool: While many in the United Kingdom are (figuratively) losing their heads over Brexit, smallsat maker Clyde Space of Scotland is taking the vote to leave the European Union in stride.
“We really don’t do that much business in Europe,” CEO Craig Clark said. “Our first contracts were in Asia, Japan, South Africa and the U.S. and it actually took us a few years to get a contract in the EU. We will be relatively unaffected by this.”
UrtheCast Lays Off Staff: UrtheCast laid off a dozen employees in San Francisco and gave three others the option of working from home as the company consolidated operations at its headquarters in Vacouver, B.C.
The company had about 250 employees before the layoffs.
China Completes Mega Telescope: China has completed the world’s largest radio telescope, which is called the Five-hundred-meter Aperture Spherical Telescope (FAST). The telescope, which has 4,450 panels on it, will search for signs of alien life.
GLASGOW, Scotland (Clyde Space PR) — Clyde Space, Scotland’s leading-edge space technology company, is to provide the satellites for a new pilot programme offering quick, regular and more affordable access to space.
The Glasgow-based company announced today it has been commissioned by the Satellite Applications Catapult and Innovate UK to build four CubeSats for the £1.5 million project.
The satellites will eventually be launched from the International Space Station (ISS) in an ‘in-orbit demonstration’ (IOD) of technical and business propositions that have a high projected return on investment. The Launch opportunities from the ISS are provided by NanoRacks, via its Space Act Agreement with NASA’s U.S. National Lab.
GLASGOW, Scotland, 27 January 2016 (Clyde Space PR) — Clyde Space, the pioneering company which designed and manufactured Scotland’s first satellite, today announced it is opening its first subsidiary company in the United States
As First Minister Nicola Sturgeon visited the company’s Glasgow headquarters today, CEO Craig Clark also revealed that to meet rising demand for the company’s pace-setting products, it has increased its current manufacturing capacity by creating an additional 2500 square feet ‘clean room’ for building and testing satellites.
SWINTON, England (UKSA PR) — The UK Space Agency has teamed up with British company Clyde Space and American company Outernet to develop a telecommunications service that can be offered via a constellation of low-cost CubeSats. Such a constellation could revolutionise the provision of low-cost broadband to remote regions of the world.
Clyde Space’s CubeSat expertise will help Outernet to push forward with this unique project to supply a cheap and mass-producible alternative to traditional telecommunications infrastructure. UK Space Agency funding for the project is through its International Partnership Space Programme (IPSP) which funds British companies to work with international partners developing satellite technology to tackle issues like flooding, deforestation and humanitarian crises in emerging economies.
GLASGOW, Scotland (Clyde Space PR) — Clyde Space, the Glasgow-based company putting Scotland’s first satellite into space, has announced record orders of around £3 million [£3.63 million/$5 million] for the last year. The record-breaking figure was announced by CEO, Craig Clark MBE, as he revealed new orders from the US Air Force Academy and the Belgian Institute for Space Aeronomy (BIRA-ISAB).
Craig also announced that the company was expanding because of increasing demand for its pace-setting products and was actively seeking new premises to enable it to treble the size of its manufacturing and design space to 10,000sq ft.
GLASGOW, Scotland (Clyde Space PR) — Engineers at the University of Glasgow and Clyde Space Ltd have developed a practical solution to the increasing problem of space debris.
The Aerodynamic End Of Life Deorbit System, or AEOLDOS, is a lightweight, foldable ‘aerobrake’ which can be added to small satellites known as CubeSats before they are launched into low Earth orbit. Once the satellite has reached the end of its operational life, the lightweight aerobrake opens to generate aerodynamic drag that will de-orbit the spacecraft.
UKSA PR — UKube-1, the programme to launch the UK Space Agency’s first Cubesat mission, has reached an important milestone. Two payloads have now undergone pre-integration testing at Clyde Space’s facilities in Glasgow.
CLYDE SPACE PR — Clyde Space has been awarded funding for two advanced space technology development projects. The projects are joint developments; the first with the Advanced Space Concepts Laboratory at University of Strathclyde and the second with Mars Space Ltd in Southampton. These projects are part of the UK Space Agency’s National Space Technology Programme (NSTP) where twenty-nine projects are receiving grant funding to develop commercial products and services using space technology or space-derived data and are part of the ‘Space for Growth’ competition lasting between 6 and 9 months.