Nordic Unmanned ASA

M&A Activity • Apr 13, 2021

Nordic Unmanned (NUMND) receives uplift on existing EMSA contract

Nordic Unmanned (NUMND) receives uplift on existing EMSA contract

13.4.2021 10:52:15 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned receives uplift on contract with European Maritime Safety Agency

(EMSA).

The value of the uplift is 1.1 Million EUR and is an uplift of an existing

contract, labelled EMSA/OP/12/2018, which covers the delivery of lightweight

RPAS (Remotely Piloted Aircraft System) services to EMSA. These services cover

operations from vessels and land, providing aerial view of operation areas

around fields of oil pollution, fishery control, and maritime surveillance.

Nordic Unmanned is seeing a larger than expected demand for services utilizing

the lightweight RPAS Lockheed Martin Indago 2 and 3 in the contract, and EMSA

has amended the framework contract with an increase of the contractual value by

38.46%, adding 1.1 million EUR. The uplift is expected to be used during 2021,

making the new total budget for the contract around 4 million EUR. The rest of

the framework contract remains unchanged. The client is not committed to consume

the total budget, and the actual usage of the contract is performed through the

signature of specific contracts. So far there has been 42 specific contracts on

this framework contract and based on current and past activity levels, there are

indications that the uplift will be used during 2021.

Knut Roar Wiig, CEO of Nordic Unmanned stated: "The uplift of this contract with

EMSA once again showcases the importance of these lightweight RPAS services in

maritime operations. The growth in our industry is driven by the rapid

distribution and use of the data the RPAS is providing. This is solving the need

for information that our customers are experiencing, and thus increasing the

demand for our services, at a much faster rate than anticipated only a few years

ago. Our rapid deployment and integration into existing vessel and port

operations makes critical live data available to key tactical and strategic

decision makers in the matter of seconds. We are proud to supply these services

to EMSA and their users."

DISCLAIMER

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, 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/