Nordic Unmanned ASA

Earnings Release • Dec 4, 2023

Nordic Unmanned ASA - Revised FY 2023 revenue target

Nordic Unmanned ASA - Revised FY 2023 revenue target

4.12.2023 08:53:47 CET | Nordic Unmanned | Inside information

Nordic Unmanned ASA (the "Company") has previously indicated a full year 2023

revenues target of MEUR 22-25. Due to delays on projects and sales, the Company

now expects to deliver full-year 2023 revenues of approximately MEUR 17.

The company estimates that approximately MEUR 5 of the short-fall in the 2023

revenue are timing differences that are expected to convert to revenue in 2024.

The Company plans to publish its Q4 2023 report on 22 February 2024.

DISCLOSURE REGULATION

This information is considered by the Company to be inside information pursuant

to the EU Market Abuse Regulation (MAR) and is subject to the disclosure

requirements pursuant to MAR article 17 and section 5-12 of the Norwegian

Securities Trading Act.

CONTACTS

* Lars A Landsnes, CFO, Nordic Unmanned ASA, +47 951 40 370,

ll@nordicunmanned.com

* Stig H. Christiansen, CEO, Nordic Unmanned ASA, +47 478 07 813,

shc@nordicunmanned.com

* Thomas A. Ladsten, CLO, Nordic Unmanned ASA, +47 99 29 46 02,

tal@nordicunmanned.com

ABOUT NORDIC UNMANNED

Nordic Unmanned is a leading European manufacturer (OEM) and certified operator

of unmanned aircraft systems ("UAS").

We are serving large corporations, government agencies and security customers by

offering systems, solutions and flight services for environmentally friendly

delivery of productivity improvements and time critical, actionable data

insights and logistics services.

Our solutions and services are organized in the three business segments as

follows:

Flight Services: is a technology-agnostic flight services operator providing

time-critical actionable data to large corporate and governmental customers. The

segment also includes NUAer AS and Resale.

AirRobot: is an Equipment Manufacturer (OEM) with a leading product platform in

lightweight drones and sensors (payloads) tailored for defense and security.

DroneMatrix: is an Equipment Manufacturer (OEM) offering a fully integrated and

autonomous drone system with proprietary software for surveillance and security.

Nordic Unmanned is ISO 9001:2015 and ISO 14001:2015 certified for the operation,

maintenance, and sales of unmanned systems and sensor technology. AirRobot is

ISO 9001:2015 and EN 9100:2018 certified for its development and production

capabilities of unmanned systems.

Founded in Norway in 2014, Nordic Unmanned has offices in Sandnes (NO),

Cranfield (UK), Hasselt (BE) and Arnsberg (GER). Nordic Unmanned also comprise

joint venture - Omni Unmanned SA with OHI Group SA (registered in Luxemburg) and

joint venture - NUAer AS with Aeromon OY (registered in Norway).

For more information visit - https://nordicunmanned.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847587/2792/3898/Download%20announcement

%20as%20PDF.pdf