News & Media, page-692

GOMspace is gearing up nano-sat production from one per week to possibly one satellite per day due to projected high demand.

Perhaps SAS will get their full constellation up earlier than expected.

The Board of Directors of GomSpace Group intends to carry out a rights issue

https://gomspace.com/news/the-board-of-directors-of-gomspace-group-inte.aspx

GomSpace Group presents new long term ambitions.

https://gomspace.com/news/gomspace-group-presents-new-long-term-ambitio.aspx

9/28/2018

GomSpace Group presents new long term ambitions
The Board of Directors of GomSpace Group AB (publ) (“GomSpace” has revised the company’s long-term ambitions to reflect the strong underlying market potential and growth prospects. The new targets reflect the company’s ambitions and focus for the coming five year period.
Sales in GomSpace keeps solidifying the business case by a strong order intake and continued build-up of a strong sales pipeline, in which between 500 to 700 satellites have been identified from current customers.

GomSpace is currently finalizing the development of a significant number of new products and has prepared for scaling up and industrializing the production. The company has invested in a new production facility, initially allowing for production of one satellite a week and with a capacity of producing one satellite a day. Significant scale benefits are expected to be achieved in the transition phase, moving from single satellite production, to industrialized assembly of larger quantities.