Brief: AAC Clyde Space Receives ESA Funding of SEK 5.1 Mln

AAC Clyde Space AB

28/07/2022 10:08

July 28 (Reuters) - AAC Clyde Space AB  AACM.ST :
    * RECEIVES 5.1 MSEK IN ESA FUNDING TO DEVELOP POWER SYSTEM
    * HAS BEEN AWARDED FUNDING THROUGH EUROPEAN SPACE AGENCY'S
ARTES
CORE COMPETITIVENESS PROGRAMME
    * AWARD WILL ENABLE AAC CLYDE SPACE TO FURTHER DEVELOP ITS
STARBUCK MINI POWER SYSTEM TO ADDRESS NEEDS OF FUTURE
CONSTELLATIONS
    * TOTAL PROJECT VALUE IS 0.95 MEUR (APPROX. 10.1 MSEK) OF
WHICH
ESA WILL FUND HALF, AND AAC OTHER HALF

Source text for Eikon:  ID:nBQN5ypKj4 
Further company coverage:  AACM.ST 

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