Nordic Unmanned ASA

Regulatory Filings • Oct 18, 2021

Nordic Unmanned and Aeromon closes NUAer deal to become world-leading in maritime emission monitoring

Nordic Unmanned and Aeromon closes NUAer deal to become world-leading in maritime emission monitoring

18.10.2021 07:30:00 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to Nordic Unmanned's announcement to the market on the 28th of

April regarding establishment of a joint venture with Aeromon. Nordic Unmanned

is pleased to announce the closing of the joint venture deal between Nordic

Unmanned and Aeromon. The newly established joint company, NUAer, will combine

the operational excellence and global reach of Nordic Unmanned and the world

leading emission monitoring technology of Aeromon. The mission of NUAer is to

support the acceleration of the green transition in the maritime industry

through world-leadership control of marine air pollution.

NUAer aims to be the world leading system integrator providing mobile maritime

emission monitoring systems to end clients. Its customer base will be

governmental agencies, port authorities, shipping companies and oil and gas

operators directly and through Nordic Unmanned's existing and new maritime

contracts.

Nordic Unmanned's multi-purpose drone Staaker BG-200 has already been qualified

for starting maritime emission monitoring operations with the new sniffing

technology from NUAer, whilst Nordic Unmanned's fleet of Camcopter S-100 will be

equipped with NUAer sniffers during first half of 2022. Following integration,

NUAer is mission-ready and on track to deliver cutting-edge emission monitoring

technology to its clients. Nordic Unmanned expects a sizable improvement in

EBITDA within its Maritime operations with the NUAer sniffer system operational.

Nordic Unmanned is expecting to expand its Emission Monitoring operations into

the US during Q2 2022.

The sniffer can measure several gases, including SOx, NOx, CO2, and Methane,

providing actionable insight to both emitter and authorities. NUAer will

integrate its offering with the services of its sister company Ecoxy, the

leading Norwegian provider of accredited emission measurements for the shipping

and oil and gas industry. These synergies will expand Nordic Unmanned's service

offerings to existing clients and strengthen the Group's environmental

monitoring profile for the governmental segment.

As previously communicated, Nordic Unmanned will invest EUR 1.5 million in the

joint venture and will have an exclusive right to acquire the remaining 40

percent of the shares of the company based on certain performance criteria.

Kristin Alne, an executive from the Energy industry with a Masters' degree in

Energy and Environmental Engineering, has become the CEO of NUAer. The company

is based in Sandnes, 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

* Krisin Alne, CEO, NUAer, +47 959 00 841, kal@nuaer.com

* Maria Kuosa, CEO, Aeromon, +358 400 775 408, maria@aeromon.io

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/