Nordic Unmanned ASA

Board/Management Information • Mar 13, 2023

Industry veteran Arne Roland appointed interim CEO as Knut Roar Wiig steps down

Industry veteran Arne Roland appointed interim CEO as Knut Roar Wiig steps down

13.3.2023 07:31:33 CET | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

The CEO and co-founder of Nordic Unmanned ASA ("Nordic Unmanned"), Knut Roar

Wiig, has agreed with the Board of Directors that he will step down from his

leadership role. The Board has, with immediate effect, appointed experienced

industry leader Arne Roland as interim CEO.

"It has been a true privilege to build and lead Nordic Unmanned as CEO and

co-founder since we founded the company in 2014. The company's talented

employees deliver professional flight services to some of Europe's most

professional customers, and partner with global defense majors as well as

civilian drone pioneers. Recent acquisitions have strengthened our offering with

high-potential world leading proprietary and differentiating drone technologies

which will make considerable revenue contributions already this year. All of

this, and our 89 million EUR strong backlog, is testament to the remarkable

development we have behind us since we started the company. I have been with the

company for more than eight years and it's a natural time to step down as the

company is entering a new phase of operations. I look forward to supporting the

company's transition to new leadership in the short term, and in capacity of

being a very active shareholder in the long run.", says Knut Roar Wiig.

Nordic Unmanned is a European leader within unmanned aerial vehicles, with its

two strong business units: Nordun (flight services) and NUTech (drone products).

Nordun is an experienced operator of advanced BVLOS drone platforms, with nearly

3000 hours flown in 2022 for European government departments and defense

agencies. NUTech subsidiaries AirRobot GmbH & Co. KG (DE) and DroneMatrix NV

(BE), represent attractive niche products in the military-grade lightweight

drone market and the productivity-focused drone-in-a-box market, respectively.

As the company is entering a new phase of industrialisation with a backlog

approaching NOK 1 billion, focus is shifting towards profitability with lean

production processes and further commercialisation of the company's core

products and services.

Arne Roland (b. 1967) is a Norwegian citizen with 30 years of industrial

experience

from aviation and industrial engineering industries. He was CEO of CHC

Helicopters Norway from 2012 to 2017 and served during this period for four

years as a board member of the Federation of Norwegian Aviation Industries.

Prior to this, he spent 20 years with various Aker companies. Over the last few

years, Roland has held interim CEO roles and consultancy assignments through

ARTerra AS. Roland is an economist by education and holds a degree in Finance

and Project Management from the University of Agder, Norway. Roland has followed

Nordic Unmanned closely since the listing on Euronext Growth Oslo in December

2020, as member of the Nomination Committee and will as of today step down from

the committee.

"I am impressed with what this team of competent and engaged people has achieved

in less than a decade. Nordic Unmanned's services and technologies are saving

lives, improves productivity, drive data-based decision making and not least

materially contribute to reduced emissions. I believe unmanned technologies are

becoming a natural part of industrial as well as government toolboxes in Europe

and the Americas, and that Nordic Unmanned is well positioned to capture

attractive niches both within flight services and drone technologies. Nordic

Unmanned has a great future, and I am extremely motivated to contribute to the

company's success in the role as interim CEO". says Roland.

"It is a pleasure to welcome Arne Roland to Nordic Unmanned, who has followed

the company for several years. On behalf of the Board, I would like to recognize

Knut Roar as a visionary CEO of the company and industry profile, and wish him

the best for the future", says Nils Johan Holte, Chair of the Board.

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation, is subject to the disclosure requirements pursuant to

Euronext Growth Oslo Rule Book - Part II section 3.10 and is subject to the

disclosure requirements pursuant to Section 5-12 the Norwegian Securities

Trading Act.

CONTACTS

* Arne Roland, CEO, +47 911 94 667

* Nils Johan Holte, Chair of the Board, +47 930 43 872

ABOUT NORDIC UNMANNED

Nordic Unmanned is a leading provider of high-end drone and data capture

products and flight services. Its NUTech business unit is an Original Equipment

Manufacturer (OEM) for the drone, sensor, software and launch product lines

AirRobot and DroneMatrix, serving primarily defense, security, and productivity

improvement markets. The Nordun business unit holds industry-leading regulatory

and operational expertise as an operator of rotary and fixed-wing drone systems,

providing flight services for pollution monitoring, fishery control,

surveillance, and logistics services. The largest customers of the company's

flight services are government agencies, including coast guards.

Nordic Unmanned has one of the world's most comprehensive permits to fly beyond

visual line of sight (BVLOS), through its EASA-approved Light UAS operator

Certificate (LUC). The company is ISO 9001-2015 and AS9100 certified for

operating, maintaining, selling, developing, and producing unmanned systems and

sensor technology.

Founded in Norway in 2014, Nordic Unmanned has offices in Sandnes (NO), Molde

(NO), Odense (DK), Cranfield (UK), Hasselt (BE), Arnsberg (GER) and Baltimore

(US).

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

ATTACHMENTS

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