Nordic Unmanned ASA

Regulatory Filings • Oct 21, 2022

Nordic Unmanned receives notification of EUR 20,5 million contract award

Nordic Unmanned receives notification of EUR 20,5 million contract award

21.10.2022 14:02:07 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned has received a conditional letter of award from the European

Maritime Safety Agency (EMSA) regarding drone services for multipurpose maritime

surveillance with medium range and endurance, with the tender name

EMSA/OP/5/2022.

The official value of the framework contract is up to EUR 20,5 million over a

period of up to 4 years.

Following a routine mandatory initial configuration test within the next eight

weeks, the official signing of the contract is expected by mid-January 2023.

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

fleet. Additionally, some specific additions and upgrades of payloads and drones

will be required to deliver the operations under this framework contract.

Upgrades and additions to the fleet will start from Q1 2023, following contract

signature.

The first call off under the framework contract is estimated in Q1 2023 with

financial effect from Q1 2023. The activity is expected to be ramped up during

2023, with full potential contract delivery from 2024. The utilisation of the

framework contract is contingent on call-offs from the client during the

lifetime of the contract. The structure of the framework contract is the same as

our four current contracts Nordic Unmanned holds with EMSA.

"Nordic Unmanned has performed 3700+ flight hours in the maritime surveillance

segment. These operations include search and rescue assistance, emission

monitoring, border surveillance and general maritime surveillance. The

conditional award of this multipurpose maritime surveillance contract confirms

Nordic Unmanned's position as a global leader in the unmanned maritime

surveillance domain, building on years of investment in operational

capabilities" says Knut Roar Wiig, CEO of Nordic Unmanned

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/