GomSpace enters a delivery agreement with Spacety Co., Ltd.

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4/5/2017


GomSpace enters a delivery agreement with Spacety Co., Ltd.

GomSpace ApS (”GomSpace”) a subsidiary of GS Sweden AB (publ) (the ”Company”) has entered an agreement with Spacety Co., Ltd. (changsha). Spacety is the first Chinese commercial company to develop and deliver nano-satellite services. GomSpace will deliver the main components for a number of satellites, that in the coming years will grow to a small constellation of satellites. The order value of this initial agreement is between 150,000 EUR to 200,000 EUR and will be delivered this year. Spacety’s satellties will be launched by the end of 2017.

“Spacety and GomSpace have been working together since 2015 and both companies look forward to continue the close cooperation. For GomSpace this agreement marks the beginning of a long future cooperation with Spacety to support their ambitious plans to be the main player in the Chinese market for small satellites,” says Niels Buus, CEO of GomSpace.
For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu @ gomspace.com
About GS Sweden 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.

Miscellaneous 
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, 13:15 CET on April 5, 2017.
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http://news.cision.com/gomspace-a-s/r/gomspace-enters-a-delivery-agreement-with-spacety-co--ltd-,c2232893
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http://mb.cision.com/Main/14387/2232893/653528.pdf
 

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