AAC Microtec - Rights success fuels growth
The success of the SEK82.5m rights issue which was oversubscribed leaves Ã…AC Microtec well positioned to continue to pursue the growth opportunities in the small satellite market. The company has had four satellites deployed so far this year and order activity appears robust. However, there is of course a dilutive effect from the rights which we have reflected in our estimates. We will update our numbers further alongside the H119 results on 22 August 2019.AAC Clyde Space AB, formerly AAC Microtec AB, is a Sweden-based company, which is primarily involved in the aerospace industry. The Company operates as a provider of space solutions and systems for commercial, governmental and educational purposes on the global market through its partner network and offices in Sweden, the United States and the United Kingdom. The Company specializes in small, purpose-built satellites, as well as sub-systems and components. The Company's customers include the European Space Agency (ESA), National Aeronautics and Space Administration (NASA), Orbcomm, Kepler Communications, NSLComm, KP Labs and Orbital Micro Systems, among others.
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