Spin-off Company of the year 2006

PRESS RELEASE
April 27, 2007:

Ångström Aerospace Corporation (ÅAC) is honored with the award ”Spin-off company of the year 2006” (i.e. “Årets avknoppningsföretag”) given by the Royal Swedish Academy of Engineering Sciences (Ingenjörsvetenskapsakademien (IVA)), CONNECT, and Innovationsbron. Companies spun-off from Swedish universities can compete for the award.

Ångström Aerospace was established in June 2005 as a spin-off from the research department Ångström Space Technology Centre (ÅSTC) at Uppsala University. The results of eight years of research on advanced microsystems were then taken into a commercialization process. Today, the company focuses on developing systems-of-microsystems for future satellites, unmanned aerial vehicles, combat vehicles, and portable devices.

Our main markets are civil security, defense, and space applications. These markets represent a potential of many billions per year, says Dr Fredrik Bruhn. 
Our success stems from the fact that ÅAC already from the beginning realized the importance of creating a broad mix of competences including microsystems, entrepreneurship, and business development. For instance, we hired the former Air Component commander from the Swedish Air Force, Brigadier General Lennarth Pettersson as our business developer for civil security and defense. Early on we also engagaed Dr.h.c. Uno Alfredéen, a serial entrepreneur with 50 years experience of international business as the director of board.

We have been business minded ever since the foundation and that has resulted in us already having a number of high-profile customers such as the Saab group, the Swedish Space Agency (SNSB), and the Swedish Defence Materiel Administration (FMV), says Dr Bruhn. 

Bruhn stresses the achievements made by the former research department. The uniquely technology platform developed at ÅSTC has made it possible to be five to seven years ahead of organizations such as NASA on multifunctional microsystems. The people involved in the research at the former research department are also co-owners of the company through a joint holding company, called Kalogi AB. 

Since the spin-off in June 2005, the technology has been further developed in order to better match the market. The development is done in cooperation with a number of actors including the Swedish Defence Research Agency (FOI) and VINNOVA. 

The jury – consisting of the former Ericsson boss, Sven-Christer Nilsson, CellaVision’s managing director Yvonne Mårtensson, Ulf Lundqvist, former R&D manager of Pharmacia, and Lars Öjefors, president of CONNECT Sverige - has based their choice on a combination of product uniqueness and the business plan, management and potential. ÅAC will receive a scholarship of SEK 50,000.

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Uppsala Science Park
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SE-751 83 Uppsala
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