SAAB AB ser. B (Stockholm: SAABb) launched its Ymir-1 is a test satellite and part of the development of the next generation of the Automatic Identification System (AIS), a system used by ships to communicate position, speed, course, and other data. AIS is a requirement for all larger ships and boats in civilian traffic. Saab TransponderTech is a leading manufacturer of AIS transponders and has built the advanced transponder onboard the satellite.
Due to the increasing number of ships at sea, AIS will be upgraded to a new technology known as VDES (VHF Data Exchange System). With VDES, capacity will significantly increase, and there will be the possibility of secure two-way communication via satellites, providing global coverage compared to today’s systems which are limited to coastal communication.
In the long run, the new navigation and communication system, VDES, will link land, sea, air, and space by combining advanced transponders with modern software and satellites.
The Swedish-built satellite Ymir-1 is a tool for research and development, developed in collaboration between Saab, AAC Clyde Space, and ORBCOMM within the AOS consortium. The project will continue throughout 2024.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.