Nordic Unmanned ASA

Regulatory Filings • Jun 14, 2021

Nordic Unmanned signs EUR 10 million contract with Schiebel Aircraft GmbH

Nordic Unmanned signs EUR 10 million contract with Schiebel Aircraft GmbH

14.6.2021 12:20:24 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned has signed a framework service contract with Schiebel Aircraft

GmbH, with an estimated value of up to EUR 10 million. The scope of the contract

is for environmental monitoring and maritime surveillance services by deployment

from land or vessels, which is related to framework contracts currently held by

Schiebel.

This notice is made in alignment of Nordic Unmanned's notice to market on the

18th of February 2021 concerning the entry of a strategic partnership with

Schiebel Aircraft GmbH.

As a result of this contract, Nordic Unmanned has also entered into an agreement

for the acquisition of a new CAMCOPTER S-100 system to be delivered in Q3 2021.

This system will be Nordic Unmanned's 3rd system, making Nordic Unmanned the

largest independent operator of CAMCOPTER S-100 systems in Europe. The new

system will be delivered with a configuration which supports emission

monitoring, artificial intelligence based maritime surveillance and long-range

offshore logistic missions. The system is delivered with an integrated precision

landing capability, making automatic remote landing on offshore installations,

rigs, and vessels possible. The new configuration of the system expands our

current offering in and outside Europe and is in alignment with Nordic

Unmanned's previously communicated market strategy.

The emission monitoring capability in the system will be provided by NUAer,

which is the joint venture under establishment between Nordic Unmanned and

Aeromon, as earlier notified to market on the 28th of April 2021.

The investment in the new CAMCOPTER S-100 system with related sensors and spare

parts, follows the earlier communicated investment plan and is financed with a

combination of equity, bank credit facility combined with an export guarantee

from GIEK.

Knut Roar Wiig, CEO at Nordic Unmanned stated: We are very excited about this

new contract and our strengthened partnership with Schiebel and increased

capabilities this is providing Nordic Unmanned. This contract is in alignment

with our communicated growth plan, and allows for increased fleet utilization

and optimalization. As we are now the largest independent operator of long

endurance helicopter drones in Europe, it is time to also start sealing deals in

other markets.

The revenue of the new contract is based upon call-offs from Schiebel and is

formally subject to approvals from end client. The activity is expected to

commence in Q4 2021, and the contract has a duration of up to 4 years.

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

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

79, to@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, 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/