GomSpace signs 36 MSEK contract with new customer in Singapore

Contract valued at 3.1 MEUR (36 MSEK) for delivery of two micro satellites by 2026.

GomSpace has secured its third micro satellite contract in 2024 with a new customer in Singapore, marking another significant milestone and partnership for the company. The agreement, valued at 3.1 MEUR (36 MSEK), involves the joint design and delivery of two advanced micro satellites, with the project slated for completion in 2026.

Spanning approximately two years, the collaboration will cover the full design and development of micro satellites built on GomSpace's innovative platforms. The collaboration reflects GomSpace's commitment to providing cutting-edge solutions tailored to meet the specific needs of customers worldwide.

“I am very pleased that we have managed to build trust with another customer and partner in Singapore,” said Carsten Drachmann, CEO of GomSpace. “We have observed growing demand in the market for micro satellites, and I’m delighted that our cutting-edge solutions have already secured three new contracts this year. This achievement strengthens our competitive edge and positions us to capture further opportunities in this expanding market.”

While GomSpace confirmed this is a new customer for the company, details about the customer’s identity remain confidential at this stage.

This contract underscores GomSpace's growing presence in the space market in Southeast Asia and its ability to deliver tailored, high-performance satellite solutions to a diverse customer base.

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.