Stockholm, December 21, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in ÅAC Microtec AB’s shares (short name: AAC) commenced today on Nasdaq First North in Stockholm. ÅAC Microtec belongs to the Technology sector and is the 90th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
ÅAC Microtec provides high value space solutions and systems for commercial and governmental customers for a global market through offices in Sweden and United States as well as through distributors. Commercial customers include leading industrial companies using ÅAC devices in innovative products and applications. Examples of governmental customers; the Swedish National Space Board (SNSB), Swedish defence Material Administration (FMV), European Space Agency (ESA), National Aeronautics and Space Administration (NASA) and Japan Aerospace Exploration Agency (JAXA). ÅAC Microtec has 25 employees and is headquartered in Uppsala, Sweden.
“We are very excited that so many investors have shown interest in ÅAC” says Mikael Andersson, CEO of ÅAC Microtec AB. “The raised capital will mainly be used to expand our sales and marketing capabilities of our new satellite platform SIRIUS. We have an important role to play in the rapid growth of current and new markets where ÅAC Microtec will provide satellite solutions to allow millions of people to access data for improved decision-making and communication”.
“We welcome ÅAC Microtec to Nasdaq First North, one of Europe’s most liquid growth markets,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “ÅAC Microtec is a very exciting and innovative company and will make a compelling addition to a growing number of high-tech companies on First North”.
ÅAC Microtec has appointed G&W Kapitalförvaltning AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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