GomSpace Secures Additional Contract with Aerial & Maritime Ltd.

STOCKHOLM, Dec. 18, 2017 /PRNewswire/ -- GomSpace A/S - a subsidiary of GomSpace Group AB (the "Company") and Aerial & Maritime Ltd. ("A&M") have signed an amendment to the turn-key delivery contract from December 21, 2016. The amendment contains 4 more satellites as well as launch, ground station and commissioning of the constellation of satellites into a low-inclination Equatorial orbit. The delivery of the satellites will take place in 2018. The additional contract has a value of approximately 4,0 million USD.  

About GomSpace Group AB

The Company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace ApS, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information, please visit our website on www.gomspace.com.     

About Aerial & Maritime Ltd.

A&M is a global data provider and the company's satellites will be capable of monitoring civilian aircraft and vessels based on reception of ADS-B and AIS-signals, respectively. A&M is an affilitated company to GomSpace Group AB.

Miscellaneous    

For more information, please contact:

Niels Buus (CEO)

Tel: +45 40 31 55 57                        

Email: [email protected]  

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SOURCE GomSpace A/S