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Nordic Unmanned ASA

M&A Activity Jul 5, 2021

3682_rns_2021-07-05_3da4aa6a-266a-4e3c-933e-4f602e3a886d.html

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Nordic Unmanned signs Memorandum of Understanding (MOU) with Dutco

Nordic Unmanned signs Memorandum of Understanding (MOU) with Dutco

5.7.2021 08:30:55 CEST | Nordic Unmanned | Non-regulatory press releases

Nordic Unmanned has signed a Memorandum of Understanding (MOU) with Dubai

Transport Company ("Dutco"), the parent of an established group operating from

Dubai, United Arab Emirates. Dutco has developed a wide range of clients and

contacts in the wider Middle East region as well as North Africa and is actively

exploring opportunities to expand its business into renewables and disruptive

technology sectors including drone-based services.

Knut Roar Wiig, CEO at Nordic Unmanned stated: "We are excited to work with an

experienced Group such as Dutco. The Group represents a wide range of

opportunities across a very exciting region. They are actively looking to

expanding their business into new and disruptive technology, which our services

very much represent. This aligns with our previous communicated expansion plans,

and we look forward to explore new opportunities in the Middle East and North

African region, alongside Dutco."

The intent of the MOU is to explore collaborative opportunities through a market

feasibility study, pilot project, marketing, representation, agency, joint

venture or other arrangement for the sale and marketing of Nordic Unmanned' s

products and services for potential customers in the Gulf Cooperation Council

(GCC), Middle East and North Africa region.

Dutco's diverse range of business activities include operating in construction,

hospitality and leisure, logistics, manufacturing, and general trading

operations, as well as oil and gas and energy investments. Dutco has developed a

wide range of clients and contacts in North Africa and across the wider Middle

East region. Dutco is actively exploring opportunities to expand its business

into renewables and disruptive technology sectors including drone-based

services.

CONTACTS

* Knut Roar Wiig, CEO, +47 92 66 66 59, [email protected]

* Trond Østherhus, Chief Financial Officer, Nordic Unmanned AS, +47 95 99 08

79, [email protected]

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, and Frankfurt, 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 and sales of unmanned systems

and sensor technology.

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

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