Nordic Unmanned ASA

Regulatory Filings • Jan 31, 2022

Nordic Unmanned accepts delivery of third CAMCOPTER system

Nordic Unmanned accepts delivery of third CAMCOPTER system

31.1.2022 12:52:12 CET | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned has accepted delivery of its third CAMCOPTER S-100 system. The

delivery was approved after a successful acceptance flight in Norway. The system

will initially be used for the offshore logistics contract with Equinor and

operated in Norway.

This system consists of two air vehicles and will perform several test programs

for customers in Norway, including an offshore drone logistics contract with

Equinor. Nordic Unmanned plan to put the system into operations in April 2022.

This third delivery concludes our initial CAMCOPTER investment plan started in

December 2020, thus enabling the Company to meet our current operational plans

for the first half of 2022. The delivery makes Nordic Unmanned the largest

commercial operator of CAMCOPTER S-100 in the world.

The first months of testing will serve as training and certification for new

Nordic Unmanned CAMCOPTER pilots and technicians, replacing the external service

previously provided by Schiebel in Austria.

Knut Roar Wiig, CEO of Nordic Unmanned says: "I am very excited to accept the

delivery of our third CAMCOPTER system as our fleet and operations has now

reached the point of economy of scale. We currently have 3 CAMCOPTER systems,

consisting of a fleet of 5 air vehicles, representing a considerable tactical

UAS capability. Our CAMCOPTER systems has previously been directed towards the

Maritime business sector through our emission monitoring service. This new

system, in combination with the award of an offshore logistic contract with

Equinor, gives us the opportunity to expand our reach into the offshore

logistics, SAR services and general surveillance market.

The increased amount of air vehicles will allow Nordic Unmanned to ramp up

operations and support opportunities identified in the CRM pipeline in Europe,

Brazil, UK and the Middle East.

The investment in the CAMCOPTER S-100 system includes full lifetime support,

spare parts, and inhouse training. Expected financial lifetime of the CAMCOPTER

S-100 is 10 years. The investment is financed with a combination of equity and

bank credit facility combined with an export guarantee from GIEK. Nordic

Unmanned have chosen Norwegian prime ministers in the naming of its new fleet of

CAMCOPTER S-100 drones, and the two new drones have been named THORBJØRN

(LN-0310-NF) and JONAS (LN-0310-NG).

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 global leader of high-end products and services related to

drones and data capture. Through world-wide 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, Oslo, Molde, Odense (DK),

Cranfield (UK) and Arnsberg (GER) and has quickly become one of Europe's leading

providers of unmanned systems and services, with operations across the

continent. The Group is ISO 9001-2015 and certified by for the operation,

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

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

certified.

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