ÅAC Microtec AB ÅAC Microtec appoints Alfonso Barreiro, a seasoned space sector professional, as its new CEO.
Alfonso Barreiro brings to ÅAC extensive experience and a wide network of contacts in the space sector. Alfonso has previously been responsible for strategic alliances in the space industry, launching satellite programs, service offerings and development of complex satellite systems propositions.
In his last appointment, Alfonso had held the role of "VP Business Development for Earth Observation" at the satellite operator and data provider UrtheCast, where he was responsible for cooperation with leading European space primes, such as Airbus, Thales-Alenia, Leonardo and SSTL. Preceding his most recent position, Alfonso was responsible for strategic development within the Elecnor Deimos Group. His professional career includes appointments at the European Space Agency (ESA) and the telecom division of SAINCO. Alfonso holds a bachelor's degree in space technology from Northrop University in California and a master's degree in space engineering from the Cranfield Institute of Technology in the United Kingdom.
- It's been a long search process for our new CEO, targeting candidates with extensive experience from different areas of the space sector and a successful track record in technology and business development. Alfonso brings a commercial outlook with more than 20 years' experience in the private sector and matches the requirement of finding an individual with a strong international experience. Having lived in seven countries and having conducted business in more than 30 nations, including international organizations and institutions, such as, the EU, NATO and the UN, he constitutes a unique asset for ÅAC. Today we are very pleased to welcome Alfonso to ÅAC Microtec, concludes Rolf Hallencreutz, Chairman of the Board.
- ÅAC Microtec has excellent potential for growth and it is well on its way to reach very ambitious goals as a leading commercial product company. A most interesting prospect for the team and me, says Alfonso Barreiro
Alfonso will move to Sweden and commence his work with ÅAC Microtec no later than October 16, 2017.
FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:
The information in this press release is such that ÅAC Microtec AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 08:15 CET on 23 August, 2017.
ABOUT ÅAC MICROTEC
ÅAC Microtec is a supplier of spacecraft avionics, such as onboard computers, mass memory storage and power management units. ÅAC's technical competence includes the advanced and robust, fault-tolerant microelectronics for critical space applications. The company also markets complete satellites (weight <150 kg) in collaboration with other specialized suppliers.
ÅAC Microtec's shares are traded on Nasdaq First North Stockholm. G&W Fondkommission, telephone +46 8 503 000 50, is the Certified Adviser.
ÅAC Microtec AB I tillägg till den tidigare kommunicerade uppskattningen av omsättningen om 85 MSEK för 2018 räknar ÅAC Microtec med att ett positivt EBITDA-resultat uppnås under fjärde kvartalet 2018.
ÅAC Microtec AB ÅAC vinner uppföljningsorder från en japansk kund, den första ordern publicerades i november 2017. Det totala ordervärdet är cirka 2,5 MSEK och förväntas levereras i två omgångar, under andra respektive fjärde kvartalet 2018.
ÅAC wins follow-on order from a Japanese customer, the first order was press released in November 2017. The total order value is approximately 2.5 MSEK and is expected to be delivered in two batches, during Q2 and Q4 2018.
ÅAC Microtec AB ÅAC har vunnit en order från Aistech Space i Spanien avseende delsystem till 10 av Aistechs nästa generation av satelliter. Ordervärdet är cirka 5,6 MSEK, leveranser startar under tredje kvartalet 2018.
ÅAC Microtec AB ÅAC has received an order from Aistech Space in Spain to supply spacecraft subsystems to ten of Aistech's next generation of satellites. The total order is worth approximately 5.6 MSEK, deliveries starts in Q3 2018.
Småsatellitleverantören ÅAC Microtec uppskattar att omsättningen för 2018 kommer att uppgå till omkring 85 MSEK. I uppskattningen ingår Clyde Space under 11 månader.
The small satellite supplier ÅAC Microtec expects that the total turnover 2018 will be approx. 85 MSEK. The estimate includes Clyde Space during 11 months.
Aktieägarna i ÅAC Microtec AB, org. nr 556677-0599, kallas härmed till årsstämma torsdagen den 24 maj 2018 klockan 13.00 i lokaler på Hotel Villa Anna, Odinslund 3, 753 10 Uppsala.
ÅAC har utökat affärsrelationen med York Space Systems genom en order för att leverera batterier till Yorks S-CLASS satellitplattform. Leveransen inkluderar tekniskt stöd och leverans av ett batterisubsystem. Den första ordern, som har ett begränsat värde, är av strategisk betydelse eftersom detta är ytterligare ett delsystem till S-CLASS satelliten.
ÅAC has extended business activities with York Space Systems to include the supply of the batteries for their S-CLASS satellite platform. The delivery includes engineering support and delivery of one battery sub- system. The initial procurement, with a limited value, is of strategic importance as this is yet another subsystem for York's S-CLASS platform with potential for follow on orders for subsequent missions.
ÅAC:s dotterbolag Clyde Space kvalitetssystem för design och tillverkning av satellitplattformar och subsystem har certifierats enligt ISO 9001:2015
ÅAC's subsidiary Clyde Space Quality Management Process for design and manufacturing of satellite platforms and avionics subsystems has been certified according to ISO 9001:2015
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