GomSpace Enters a Delivery Agreement With Spacety Co., Ltd.

STOCKHOLM, April 05, 2017 /PRNewswire/ --

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

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