Nordic Unmanned ASA

M&A Activity • Aug 30, 2022

Nordic Unmanned and OMNI Helicopters International form a joint venture in Brazil to serve South American clients

Nordic Unmanned and OMNI Helicopters International form a joint venture in Brazil to serve South American clients

30.8.2022 14:05:13 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned is pleased to announce that it has signed an agreement with OMNI

Helicopters International ("OHI"), a leading provider of helicopter services, to

form a Brazilian joint venture focused on delivering unmanned solutions to a

wide client base in South America. The joint venture solidifies Nordic

Unmanned's position as a leading operator for unmanned services and expands the

portfolio of solutions that OHI offers its South American clients.

Reference is made to the announcement made to the stock exchange on the 7th of

July 2021 regarding an MOU signed with OMNI for Brazilian opportunities.

"We are excited to expand our operations to South America through a joint

venture with our trusted partner, OMNI Helicopters International, the largest

helicopter operator in Brazil. Together we will offer a unique set of drone

products and services to the Brazilian and South American markets. Our

operational experience combined with OHI's market position in South America sets

the new company in a great position to take a significant market share in this

growing industry in South America. The estimated market size of our current

range of services and products is more than 150 million euro in 2025 in Brazil

and with our proven track record we expect that the activity for the joint

venture is to surpass our current activity level in Europe within few years."

says CEO of Nordic Unmanned, Knut Roar Wiig.

The new company will initially utilise one of Nordic Unmanned's Camcopter S-100

systems, which will be used as one of the growth enablers in this market. Nordic

Unmanned is the leading innovator of offshore drone logistic and cargo services

in Europe, whilst OHI has over 20 years of experience and over half a million

flight hours delivering services to the oil and gas industry in South America.

The combined experience gives the newly founded company a unique position in the

Brazilian market.

"Our customers demand leading technology solutions, and we plan to be first to

provide them with efficiency enhancing services. This joint venture further

expands our portfolio of services and enables us to diversify into fast growing

verticals. Our strategy to become the leader in technology enabled mobility

services continues to take shape with this new partnership", says Jeremy Akel,

CEO, OMNI Helicopters International.

The joint venture will be organized in a new company and will be owned 35 per

cent by Nordic Unmanned and 65 per cent by OMNI Helicopters International. The

company will be located in Rio de Janeiro and operated by Brazilian management

with support from both parent companies.

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. The Group 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/

About OMNI Helicopters International

OHI is a transformative air mobility company focused on providing mission

critical services to its customers. The Company's main subsidiary is Omni Taxi

Aereo Brazil, is the country's largest private helicopter service provider with

a fleet of over 70 helicopters, 8 active fleet programs, and a network of over

10 bases. OHI's business model is based on three pillars: (i) pursuing national

excellence via the transfer of proprietary intellectual capital in safety,

reliability and cost-efficiency; (ii) providing sustainable access to investment

in the sector; and (iii) continuous innovation with flexible and customized

services in air mobility.

For additional information, please visit www.ohi.pt - http://www.ohi.pt