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Aerial & Maritime Ltd. and Flightradar24 AB enters into comprehensive Business Cooperation Agreement.20-12-2016 - 09:00

December 20, 2016 - Aerial & Maritime Ltd (”A&M”) a subsidiary of GS Sweden AB (”GomSpace” or the ”Company”) has entered a business cooperation agreement with the Swedish company Flightradar24 AB (”FR24”). A&M and FR24 intend to jointly identify new business opportunities and secure new customers and partnerships within a joint flight data service.

The cooperation between the parties shall form the basis for creating and enhancing market for both companies visibility and support a joint flight data service and establish sustainable business relationships in the professional aviation and air traffic management industry. The parties aim to develop and design a future joint flight data service, which shall be available as of the commencement of A&M’s space based infrastructure.

 

Flightradar24 AB is a flight data service provider that collects, merges and distributes positional aircraft data such as ADS-B.

 

A&M will have its first operational subsidiary in Accra, Ghana. The official registered address of A&M is in Port Louis, Mauritius.

 

For more information, please contact:

Niels Buus (CEO)
Tel: +45 40 31 55 57                        
Email: nbu @ gomspace.com 

 

About GS Sweden AB

The Company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace ApS, 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.

 

Miscellaneous      

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, at 9.00 a.m. CET on December 20, 2016.

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