AAC Clyde Space Quarterly and Full Year Results

2022-02-17 AAC Clyde Space AB (publ)

Fourth quarter, October-December 2021 (compared with October-December 2020)

  • Net sales increased 116% to SEK 62.1 M (28.7)
  • · Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK -1.0 M (-10.9) and to 0.0 M (-1.6) excluding non-recurring personnel costs of -1.0 M (-1.7) and acquisition costs of 0 M (-7.6)
  • Earnings before interest and tax (EBIT) amounted to SEK -8.0 M (-13.2)
  • The loss after tax was SEK -8.3 M (-13.4)
  • Basic and diluted earnings per share amounted to SEK -0.04 (-0.14)
  • Cash flow from operating activities totalled SEK -1.7 (-11.7)
  • The order backlog increased 161% to SEK 407.2 M (156.3)

ORBCOMM Enters into Agreement to be Acquired by GI Partners

ORBCOMM-2 satellites (Credit: ORBCOMM)

ROCHELL PARK, NJ, April 8, 2021 (ORBCOMM PR) – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt.

Under the terms of the agreement, ORBCOMM stockholders will receive $11.50 in cash per outstanding share of common stock upon closing of the transaction, representing a premium of approximately 52% to ORBCOMM’s closing share price on April 7th and a 50% premium over the 90-day volume-weighted average share price through that date.


ORBCOMM and Inmarsat to Provide Next-Generation, Global IoT Service

Rochelle Park, NJ, (ORBCOMM PR) — ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, and Inmarsat, the world leader in global mobile satellite communications, today announced that they will extend their agreement through at least 2035 and enhance their strategic partnership. The two companies will collaborate on joint product innovation and distribution of next-generation IoT satellite servicestelematics devices and end-to-end solutions that offer the best-in-class combination of high bandwidth data packets with low-cost terminals.


AAC Clyde Space, Saab & ORBCOMM TO Offer Next-Gen Maritime Communications

UPPSALA, Sweden (AAC Clyde Space PR) — AAC Clyde Space AB, Saab AB and ORBCOMM Inc. have today announced the development of the next generation of space based VDES system, marking the beginning of a new era in maritime communications.

AAC Clyde Space AB will receive 17.0 MSEK in total, of which 12.2 MSEK is in the form of a grant from the Swedish Transport Administration, to finance the building, launch and commissioning of the first satellite in the project. This is intended to be the first satellite of a future constellation to provide a VDES service.


FCC Approves Swarm Constellation of 150 Satellites

Swarm satellite (Credit: Swarm Technologies)

by Douglas Messier
Managing Editor

The Federal Communications Commission (FCC) has issued a license to Swarm Technologies to operate a non-voice communications satellite constellation composed of 150 satellites smaller than an 1U CubeSat.

“Over 20 entities filed letters in support of granting Swarm’s application. These entities plan to utilize Swarm’s network to provide a variety of communications services in support of agribusiness, transportation, and academic and scientific research,” the FCC said in its memorandum approving the application.


SNC, Solar Junction Launch New Cost-Saving Solar Array Technology

SNC’s low-cost solar array Surface Mount Technology. (Credit: SNC)
SNC’s low-cost solar array Surface Mount Technology. (Credit: SNC)

SPARKS, Nev., September 20, 2016 (SNC PR) – Sierra Nevada Corporation (SNC) and Solar Junction Corporation (Solar Junction) are launching a revolutionary new technology that will increase the efficiency of spacecraft solar array production and operation and lower the overall cost, providing a direct savings to customers. These advanced solar arrays are manufactured utilizing a patent-pending Surface Mount Technology (SMT) assembly method. This method allows each cell to be installed faster, closer together and more accurately than ever before. This advancement significantly increases the amount of power generated per area, while decreasing cost and delivery time. SNC has teamed with Solar Junction, an innovative semiconductor technology company based in San Jose, California, to develop this industry-first spacecraft solar array technology. Solar Junction’s high-efficiency, multi-junction Surface Mount Cell with Coverglass (SMCC) enables automated, high-speed pick-and-place assembly of SNC-designed and manufactured solar arrays.


SpaceX: Giant Leaps, Deep Troughs But No Plateaus

Credit: USLaunchReport.com
Credit: USLaunchReport.com

Out of the blue and into the black
They give you this, but you pay for that
And once you’re gone, you can never come back
When you’re out of the blue and into the black.

My My, Hey Hey (Out of the Blue)
Neil Young

In his book, “Mastery,” George Leonard provides a fascinating explanation of how people master new skills.

The mastery curve (Credit: George Leonard)
The mastery curve (Credit: George Leonard)

“There’s really no way around it. Learning any new skill involves relatively brief spurts of progress, each of which is followed by a slight decline to a plateau somewhat higher in most cases than that which preceded it,” Leonard writes. “The curve above is not necessarily idealized. In the actual learning experience, progress is less regular; the upward spurts vary; the plateaus have their own dips and rises along the way. But the general progression is almost always the same.”


A Closer Look at Which Space Companies U.S. VC’s are Investing in

Falcon 9 launches the Dragon CRS-9 mission to the International Space Station. (Credit: NASA)
Falcon 9 launches the Dragon CRS-9 mission to the International Space Station. (Credit: NASA)

NASA’s new publication, “Economic Development of Low Earth Orbit,” consists of a series of papers that examines a number of important policy questions that will be of rising importance as NASA transitions human spaceflight in LEO to the private sector.

One of the papers, “Venture Capital Activity in the Low-Earth Orbit Sector,”
has detailed information on what U.S. venture capitalists have invested in. Key excerpts from the paper follow.

FAA Releases Annual Compendium of Commercial Space Transportation

faa_compendium_2016The Annual Compendium of Commercial Space Transportation: 2016

Executive Summary

The size of the global space industry, which combines satellite services and ground equipment, government space budgets, and global navigation satellite services (GNSS) equipment, is estimated to be about $324 billion. At $95 billion in revenues, or about 29 percent, satellite television represents the largest segment of activity. Following this is government space budgets at $76 billion, or 24 percent, and services enabled by GNSS represent, about $76 billion in revenues. Commercial satellite remote sensing companies generated on $1.6 billion in revenues, but the value added services enabled by these companies is believed to be magnitudes larger. Because remote sensing value added services includes imagery and data analytics from other sources beyond space-based platforms, only the satellite remote sensing component is included in the global space industry total.


Customers Edgy as SpaceX’s Schedule Slips; Falcon Heavy Flight Delayed Again

Falcon 9 launch (Credit: SpaceX)
Falcon 9 launch (Credit: SpaceX)

SpaceX’s customers are again experiencing the effects of Elon Musk’s focus on continuous upgrades to its Falcon 9 rocket as launch dates slide to the right. Meanwhile, the long-delayed debut of the company’s 28-engine Falcon Heavy vehicle has been postponed by at least five more months.

SpaceX’s silence on the schedule delays of its Falcon 9 Upgrade rocket, whose inaugural flight on Dec. 21 was a success, is causing ripples of concern among commercial customers, which like NASA are counting on a high launch cadence in 2016 to meet these companies’ schedule milestones, industry officials said.

SpaceX Falcon 9 ORBCOMM-2 Mission Overview

orbcomm-2_flight_patchORBCOMM-2 Mission
From SpaceX & ORBCOMM

Mission Overview

With this mission, SpaceX’s Falcon 9 rocket will deliver 11 satellites to low-Earth orbit for ORBCOMM, a leading global provider of Machine-to-Machine (M2M) communication and Internet of Things (IoT) solutions.

The ORBCOMM launch is targeted for an evening launch from Space Launch Complex 40 at Cape Canaveral Air Force Station, Fla. If all goes as planned, the 11 satellites will be deployed approximately 20 minutes after liftoff, completing a 17-satellite, low Earth orbit constellation for ORBCOMM.

This mission also marks SpaceX’s return-to-flight as well as its first attempt to land a first stage on land. The landing of the first stage is a secondary test objective.

SpaceX Falcon 9 Launch Set for Sunday

Falcon 9 static fire. (Credit: SpaceX)
Falcon 9 static fire. (Credit: SpaceX)

UPDATE: The launch has been postponed 24 hours. Now reset for Monday at 8:33 p.m.

HAWTHORNE, Calif. (SpaceX PR) — SpaceX is currently aiming for a December 20th launch of the Falcon 9 rocket, carrying 11 satellites for ORBCOMM. The launch is part of ORBCOMM’s second and final OG2 Mission and will lift off from SpaceX’s launch pad at Cape Canaveral Air Force Station in Florida. This mission also marks the first time SpaceX will attempt to land the first stage of the Falcon 9 rocket on land. The landing of the first stage is a secondary test objective.

The launch webcast is targeted to begin at 8:05 pm EST with liftoff at 8:29 pm EST. The launch webcast can be viewed at spacex.com/webcast. For updates, visit www.spacex.com and www.orbcomm.com.

SpaceX Falcon 9 Launch Schedule Uncertain — Updated

An update from Musk.

SpaceX is still trying to accomplish a static fire on an upgraded Falcon 9 on the launch pad at Cape Canaveral. The company had originally planned a test on Wednesday with a launch on Saturday.

The launch vehicle includes a series of upgrades, including liquid oxygen chilled to a much colder temperature than on previous flights. SpaceX CEO Elon Musk tweeted yesterday that engineers were having issues with this improvement.

Next SpaceX Launch Set for Around December 19

The rocket will carry 11 Orbcomm satellites. SpaceX has been trying to get two launches off this month, but that might be difficult given the timing of the first one. SpaceX is reportedly going to attempt to bring the first stage back for a landing at Cape Canaveral.

Sierra Nevada Completes Shipment of 11 Satellites for ORBCOMM’s OG2 Mission 2 Launch

Stowed OG2 Satellites at SNC
Eleven OG2 Mission 2 Satellites at SNC’s facility in Colorado Prior to Shipment to Cape Canaveral, Florida. (Credit: SNC)

SPARKS, Nev. (Nov. 30, 2015) – Sierra Nevada Corporation (SNC) has delivered 11 ORBCOMM Generation 2 (OG2) satellites to the launch site at Cape Canaveral Air Force Station, Florida, for ORBCOMM’s upcoming OG2 Mission 2 launch aboard the SpaceX Falcon 9 rocket, which is targeted for mid-December 2015.  As the prime contractor for ORBCOMM’s OG2 satellites, SNC is responsible for the design, manufacture and integration of the OG2 satellites in the constellation.