Nordic Unmanned ASA

Regulatory Filings • Dec 22, 2021

Nordic Unmanned awarded breakthrough offshore logistics contract with Equinor

Nordic Unmanned awarded breakthrough offshore logistics contract with Equinor

22.12.2021 16:31:51 CET | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned has been awarded a contract with Equinor for offshore drone

services on the Norwegian Continental Shelf. Fully utilized, the contract value

is EUR 2.7 million including options over the next 12 months with immediate

start-up 3 January 2022. The award represents one of the largest drone logistics

contracts awarded in the European market and is the largest and most ambitious

drone logistics award in the offshore energy industry.

The award follows on from the August 2020 flight conducted for Equinor, when

Nordic Unmanned made drone history by performing cargo delivery from shore to

the Troll A platform, as well as a comprehensive study performed during 2021, as

announced to the market on January 21st, 2021.

Following a successful initial onshore preparation and flight period in the

first and second quarters, it is expected that the offshore demonstration period

will be initiated in the third quarter of 2022 with anticipated completion in

the fourth quarter.

The offshore scope involves cargo flights between a supply base and the Gullfaks

field, located 170 km offshore, as well as establishing daily flights within 30

km between offshore installations and vessels in the Tampen area. The project

includes usage of autonomous take-off and landing systems and integration into

the Avinor-provided unmanned traffic management (UTM) system.

In addition to conducting daily multipoint cargo deliveries, Nordic Unmanned

will demonstrate search and rescue capabilities, inspection services and

deployment of subsea unmanned intervention device (UID).

Flights will be conducted with Nordic Unmanned's newest Schiebel CAMCOPTER S-100

and Nordic Unmanned's proprietary Staaker BG-class drones with dual delivery

winch systems.

"We have a long-standing relationship with Equinor, and we're very excited to

announce the largest drone logistics contract in Europe. We are confident that

this will change how the global offshore energy industry will integrate

industrial air mobility going forward. Use of drones will increase efficiency

and contribute to reduced CO2 emissions, and Nordic Unmanned is preparing for

drone logistics to be in regular use in this industry from 2023," said Knut Roar

Wiig, CEO of Nordic Unmanned.

The contract is fully aligned with Nordic Unmanned's new strategy for the

logistics market vertical, focusing on time-critical high-value goods for

"business to business" and "business to government" clients. The services under

this contract will be delivered by Nordic Unmanned Cargo in close collaboration

with subcontractors, Schiebel Aircraft, Airbus, and Planck Aerosystems.

"We expect logistics to be a major growth driver for the drone market in the

years to come, and this contract lets us showcase our capabilities. Proving our

ability to operate our drones safely in the challenging conditions of the North

Sea, the scope of this contract will be a verification of Nordic Unmanned having

the capacity to deliver such services anywhere. Harsh weather conditions and

very busy airspace require first class operational and regulatory expertise,"

said VP Logistics Pål Kristensen.

In the near future, Nordic Unmanned will host an investor webcast presentation

with Q&A, particularly focused on the logistics segment. Further details will

soon be announced.

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 delivers comprehensive data solutions through industry leading

expertise, to assist both public and private customers in the transition to

unmanned technology. The focus is to support demanding clients by collecting

time-critical data with the use of unmanned technology.

Founded in 2014, the company has offices in Sandnes, Oslo, Molde, Trondheim,

Frankfurt and Arnsberg, and has quickly become one of Europe's leading providers

of unmanned systems and services, with operations across the continent. The

company is ISO 9001-2015 certified by DNV-GL for the operation, maintenance,

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

technology. and sensor technology.

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