Nordic Unmanned ASA

Capital/Financing Update • Oct 21, 2021

Nordic Unmanned receives signed OP46 contract from EMSA

Nordic Unmanned receives signed OP46 contract from EMSA

21.10.2021 16:50:43 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to Nordic Unmanned's announcements on the 29th of July and

22nd of September regarding the letter of award received from the European

Maritime Safety Agency (EMSA) and the following Initial Configuration Test

(ICT). Nordic Unmanned has now received the signed OP46 contract for the

fixed-wing RPAS (drone) services carrying out long-range general maritime

surveillance, with a contract value of up to EUR 20 million.

Today Nordic Unmanned received the signed framework contract from the European

Maritime Safety Agency (EMSA) with the tender name EMSA/OP/46/2020. First

revenue from the OP46 contract will be generated in Q4 2021.

"The combined capabilities of the Aerosonde's up to 11 hours and 1,000 km range

with its synthetic aperture radar ("SAR ") introduces a completely new

high-value dataset to our clients. Current SAR datasets are usually provided by

satellites or manned maritime patrol aircrafts in Europe. Now this is about to

change, as we introduce drone based long range maritime surveillance service."

Said Knut Roar Wiig, CEO of Nordic Unmanned.

The first Aerosonde system will be delivered from Textron Systems to Nordic

Unmanned in October 2021, a second system allocated to the contract will be

delivered in Q1 2022. Both systems will be financed with a combination of equity

and debt. The first Aerosonde will be deployed, directly from delivery, at the

UAS test center in Odense, Denmark and full Nordic Unmanned operational

capability (FOC) is expected to be achieved before Q1 22.

Nordic Unmanned's first crew of Aerosonde pilots and technicians has graduated

from the training academy and are ready to start operations including

maintenance, repair, and overhaul (MRO) of the Aerosonde system. Both the

operational and MRO capabilities will be allocated to the OP46 contract from day

one.

On a medium-term basis this newly acquired Aerosonde system capability will

support the ongoing bid for a Tactical UAS tender in Denmark and the coming bid

for a Tactical UAS tender in Norway.

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 Østerhus, CFO, 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, sale, design, development

and production of unmanned systems and sensor technology. and sensor technology.

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