Nordic Unmanned ASA

Regulatory Filings • Dec 23, 2022

Nordic Unmanned receives signed OP5 contract from EMSA

Nordic Unmanned receives signed OP5 contract from EMSA

23.12.2022 13:35:20 CET | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to Nordic Unmanned's announcements on the 21st of October and

5th of December regarding the letter of award received from the European

Maritime Safety Agency (EMSA) and the following successful Initial Configuration

Test (ICT). Nordic Unmanned has now received the signed EMSA/OP/5/2022 contract

for services providing multipurpose maritime surveillance, with a contract value

of up to EUR 20.5 million.

"We are very pleased to finally have concluded the signing of the largest

contract in the history of the company. This new land and /or vessel-based VTOL

(vertical take-off and landing) fixed-wing multipurpose maritime surveillance

contract creates a significant increase in our contract backlog for the next

four years. We are humbled to take on an even greater responsibility of

providing critical maritime surveillance for the European Union. Our ability to

support builds on years of investment in our operational capabilities," says

Knut Roar Wiig, CEO of Nordic Unmanned.

Nordic Unmanned will utilise its current crew and part of its current drone

fleet to serve this contract. Some specific additions and upgrades of payloads

and drones will be required to deliver operations under this framework contract.

Upgrades and additions to the fleet are expected to start from Q3 2023.

The first call-off under the framework contract is expected in Q1 2023, with

financial effect from Q1 2023. However, the main activity is expected to be

ramped up gradually during 2023, with full potential contract deliveries from

2024. The utilisation of the framework contract is contingent on call-offs from

the client during the lifetime of the contract, the same contract structure as

the current contracts Nordic Unmanned holds with EMSA.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Knut Roar Wiig, CEO, +47 92 66 66 59, krw@nordicunmanned.com

ABOUT NORDIC UNMANNED

Nordic Unmanned is a global leader of high-end products and services related to

drones and data capture. Through worldwide operational experience and

industry-leading expertise, Nordic Unmanned supports large governmental and

industrial clients in the adaption of unmanned systems and services.

Founded in 2014, the Group has offices in Sandnes, Molde, Odense (DK), Cranfield

(UK), Hasselt (BE), Arnsberg (GER) and Baltimore (US) and has quickly become one

of the leading providers of unmanned systems and services, with operations

across Europe. Nordic Unmanned has one of the world's most comprehensive permits

to fly beyond visual line of sight (BVLOS), through the EASA approved Light UAS

operator Certificate (LUC). The Group is OEM for the drone products Staaker,

AirRobot and DroneMatrix, and is also world leading in the collection of vessel

emission data. It is ISO 9001-2015 and AS9100 certified for the operation,

maintenance, sale, design, development, and production of unmanned systems and

sensor technology.

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