GomSpace signs 122 MSEK contract with Singapore for Micro Satellites


GomSpace signs 122 MSEK contract with Singapore for Micro Satellites
A Singaporean customer has selected GomSpace as its partner of choice to build Microsatellites. The contract, valued 122 MSEK, has been awarded after an international competitive tender process.
The contract with a value of approximately 122 MSEK (10.5 MEUR), is focused on designing, developing, and building a fleet of Microsatellites. The program will be executed over a period of 3 years and marks the second micro satellite contract for the Company within a few months.

“We are deeply honoured to be recognized by leading space nations like Singapore for contributing to their orbital infrastructure. This contract perfectly aligns with our microsatellite platform development and stands as a testament to the markets trust in GomSpace's capability to fulfil our customers' space ambitions. We eagerly anticipate collaborating closely with Singapore to deliver a world-class solution”, said Carsten Drachmann, CEO at GomSpace, he continuous, “And on a personal note, I greatly enjoyed my time in Singapore in 2022, and I am excited to continue working with familiar faces and organizations ".

The company also announces that this order strengthens the projected cashflow for customer programs for the year and reaffirms the guidance for a positive free cashflow in the second half of 2024.

For more information, please contact:
Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr @ 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. The information was submitted for publication, through the agency of the contact person set out above, 08:30 p.m. CET on June 6, 2024.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/14387/3996110/2848108.pdf Press release - MicroSat Singapore
https://news.cision.com/gomspace-a-s/i/collaboration-,c3307731 Collaboration

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