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Unibap receives order for the next generation SpaceCloud application development products

Unibap's US distributor Moog Inc is ordering more SpaceCloud development units for $123,000 USD with immediate delivery. The order follows several previous smaller orders and includes application development systems for Unibap's next generation SpaceCloud solutions, called iX10. The products will be distributed to customers in the United States.

Unibap is required to disclose this information under the EU Market Abuse Regulation. The information was submitted for publication October 7, 2020 at 08:30 CET.

The iX10 product family, like the current iX5 family, consists of several products, ranging from software development solutions as well as products for satellite development and products for the actual operation in space. This order is for "app" development products that in the next stage can be commissioned on board satellites with SpaceCloud hardware. The iX10 family increases performance and adds the ability to reuse software from Artificial Intelligence (AI) applications on Earth.

"It is extremely encouraging to see that the space market in the US is adopting our solutions in partnership with Moog. We can see how tests and evaluations progress and the systems advance towards real missions. That our customers also evaluate our next-generation development units is important and shows that there is long-term interest," says Dr. Fredrik Bruhn, Unibap CEO.

Unibap has previously communicated a rapidly growing interest in the company's SpaceCloud products and is currently under direct contract to NASA. Unibap's SpaceCloud offerings include both computer hardware and software that enables data analytics, data storage, communication, and the use of software modules "apps" in space.

Since January 2019, Unibap and Moog Inc. have had a distribution and licensing agreement for AI in space systems.

SpaceCloud® is a trademark of Unibap.

For more information, contact::

Dr. Fredrik Bruhn

CEO ceo@unibap.com
+46 707 83 32 15

About Unibap

Unibap is a high-tech company that aims to automate and streamline industries on earth as well as in space. With smart solutions based on AI and robotics, we want to increase quality and productivity for our customers while eliminating dangerous tasks that today are performed manually. Unibap strives to have a positive impact on both society and the environment. The company's Quality Management System is certified according to SS-EN ISO 9001:2015. The company is listed at Nasdaq First North Growth Market.

For more information, please visit the Company's website unibap.com/en/

FNCA Sweden AB, +46 8-528 00 399, info@fnca.se, is the Company's Certified Adviser.

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