Nordic Unmanned ASA

Regulatory Filings • Aug 22, 2022

Nordic Unmanned opens North American office

Nordic Unmanned opens North American office

22.8.2022 08:30:01 CEST | Nordic Unmanned | Non-regulatory press releases

Nordic Unmanned opens a North American office headed by a seasoned industry

veteran to expand its business in the world's largest and fastest-growing drone

market.

The office will be located in Baltimore County, Maryland, close to strategic

partners, potential governmental and commercial clients and aviation

authorities. The focus will be on offering Nordic Unmanned's existing products

and services portfolio, as well as operational experience with performing

long-range, complex beyond visual line of sight (BVLOS) operations, in pursuit

of the North American defense, government, and commercial markets.

North America is the largest drone market in the world, with the highest

expected growth rate, both within the defense and enterprise market. The U.S.

2023 defense budget request consists of 20 programs fully dedicated to the

procurement of drones, totaling $2.6 billion. The enterprise market adds to

this, with its expected CAGR of 15.8 percent from 2021 to 2030.

"Expanding into accessible markets is a key part of our growth strategy. The US

is a very appealing market for Nordic Unmanned, allowing us to build upon our

leading role in the European drone industry and leverage our EASA-approved Light

UAS Operator Certificate (LUC) and experience within complex BVLOS drone

operations. This provides a solid foundation for capturing the enormous

opportunities identified through the development of drone regulations in North

America. Europe and North America have a long and positive history of

collaboration on aviation rules, safety, regulations and operational licenses,

for all aspects of the aviation industry, including drones. Nordic Unmanned has

the ambition to become the first company with a fully approved BVLOS operating

certificate, for multiple complex drone systems, in both Europe and the U.S,"

says Knut Roar Wiig, CEO of Nordic Unmanned.

The North American market will be led by the seasoned multi-mode aviation,

defense, rail, and transit executive Timothy Tenne. Mr. Tenne joins Nordic

Unmanned from the position of Chief Operations Officer at Easy Aerial Inc, where

he has led their operations, production, regulatory, and other areas within the

defense, enterprise, government, and rail drone solutions. Mr. Tenne has also

held senior leadership positions with, amongst others, the Federal Aviation

Administration (FAA), Amtrak, Maryland Transit Administration and U.S. Air

Force. Mr. Tenne is a local of Baltimore County and Maryland, where he attended

the U.S. Naval Academy and went on to become a pilot and leader, and eventually

retired after many years of service.

"I'm excited by this opportunity, and I look forward to making the new entity

the leader in this market and applying my many years of executive aviation and

aerospace experience to deliver cutting-edge solutions to existing and new

customers in multiple verticals," says Timothy Tenne.

"Opening the office in Baltimore County was a carefully planned and strategic

decision. Maryland is an attractive state for this business, with proximity to

partners, potential customers, test and operations areas, a growing pool of

technical and engineering talent, and proximity to the Federal Aviation

Administration (FAA). These are major benefits, while at the same ensuring

closeness to Norway with only a six-hour time difference. This is crucial for us

to ensure synergies and to harvest the substantial operational experience from

our colleagues in Norway," Mr. Tenne says.

"As the leading operator and provider of drone solutions, it is a natural next

step for us to enter the largest and fastest growing market in the world. We

expect to turn the current North America opportunity pipeline into revenue

within the next six months," concludes CEO Knut Roar Wiig.

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

andindustrial clients in the adaption of unmanned systems and services.

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

Cranfield (UK), Hasselt (BE) and Arnsberg (GER) and has quickly become one ofthe

leading providers of unmanned systems and services, with operations across

Europe. The Group is ISO 9001-2015 and certified for the operation, maintenance,

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

technology and sensor technology. The production is also AS9100 certified.

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