GomSpace and ESA agree not to proceed to the third phase of a development contract


GomSpace and ESA agree not to proceed to the third phase of a development contract

In October 2019, GomSpace and the European Space Agency (ESA) have signed a contract to adapt and improve smallsat systems and subsystems for science missions in deep space at a contract value of 43MSEK. After a prolonged suspension of the project, GomSpace and ESA have agreed not to proceed to the third phase of the contract. This has resulted in a reduction of 22MSEK in the GomSpace backlog.

For more information, please contact:

Troels Dalsgaard, CFO
Phone: +45 31 50 11 82
E-mail: trn @ gomspace.com

About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, 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.

This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, 5.30 p.m. CET on January 19, 2023.
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The following files are available for download:
https://mb.cision.com/Main/14387/3700396/1792587.pdf Press release_ESA
https://news.cision.com/gomspace-a-s/i/collaboration-esa4,c3135575 Collaboration ESA4

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