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OHB AG (FRA:OHB) OHB SE: OHB Sweden selected to build propulsion systems for the space research satellite EUCLID

Directive transparence : information réglementée

27/01/2016 10:03
DGAP-News: OHB SE / Key word(s): Miscellaneous OHB SE: OHB Sweden selected to build propulsion systems for the space research satellite EUCLID 27.01.2016 / 10:03 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- OHB Sweden (a subsidiary of OHB SE, ISIN DE0005936124) has been appointed as supplier of both the chemical propulsion system as well as the fluidic part of the micro-propulsion system for the satellite EUCLID by the European Space Agency (ESA) and Thales Alenia Space in Italy. The total contract amount is approximately EUR 12 million. Scheduled for launch in 2020, Euclid will explore dark energy and dark matter, the essential but still mysterious ingredients in today's "Standard Model' of cosmology. In this model, the majority of matter in the universe is invisible (dark matter), and the universe is expanding at an increasing rate under the action of a still unknown energy source (dark energy). "We are very happy for the confidence that Thales Alenia Space and ESA have shown by entrusting us this contract. OHB Sweden has built a strong expertise in propulsion systems in recent years and the company is today a recognized supplier of electrical, chemical and cold gas propulsion systems for satellites." says Gierth Olsson, CEO of OHB Sweden. The chemical rocket motors are mainly used for transfer correction manoeuvres and station keeping manoeuvres on the way to and around the Lagrange point 2, and the micro cold-gas thrusters for the fine attitude control during science pointing. OHB Sweden AB is an affiliate of OHB SE (Prime Standard, ISIN: DE0005936124), one of the three large space prime companies in Europe. As space systems supplier, OHB Sweden develops, builds, tests and operates satellites and subsystems for various space projects in communications, Earth observation and space science. Including both satellites in low and geostationary orbit as well as spacecraft designed for interplanetary missions. For more information, see www.ohb-sweden.se Contact: Investor Relations Martina Lilienthal Tel.: +49 421 - 2020-720 Fax: +49 421 - 2020-613 E-Mail: martina.lilienthal@ohb.de Corporate Communications Martin Stade Tel.: +49 421 - 2020-620 Fax: +49 421 - 2020-9898 E-Mail: martin.stade@ohb.de --------------------------------------------------------------------------- 27.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: OHB SE Karl-Ferdinand-Braun-Str. 8 28359 Bremen Germany Phone: +49 (0)421 2020 8 Fax: +49 (0)421 2020 613 E-mail: ir@ohb.de Internet: www.ohb.de ISIN: DE0005936124 WKN: 593612 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 432471 27.01.2016