Nordic Unmanned ASA

Regulatory Filings • May 21, 2021

Nordic Unmanned starts operations with its second CAMCOPTER S-100 system in France

Nordic Unmanned starts operations with its second CAMCOPTER S-100 system in France

21.5.2021 13:18:27 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Nordic Unmanned has accepted delivery of its second CAMCOPTER S-100 system. The

delivery was done on the 20th of May, after a successful acceptance flight over

a shipping lane in France. The system will start operations in France from today

for a client.

The delivery of the second CAMCOPTER S-100 system will increase Nordic

Unmanned's capability of conducting long-range Beyond Visual Line of Sight

(BVLOS) operations with 100%. The system will be under a framework contract with

a client for the next two years. The first specific contract for the system will

be operations in France for several months, fully crewed by Nordic Unmanned. The

start of the operation in France marks another milestone as it is the first

CAMCOPTER S-100 operation under the new European drone regulation. This comes

after having obtained our Light UAS operator Certificate (LUC). The delivery

also aligns with our previous communicated investment plan for CAMCOPTER S-100

system made on the 28th of January.

The start of operations with the second system comes after successful maritime

emission monitoring and general maritime surveillance operations in Lithuania

that started in Q1. The first CAMCOPTER S-100 system that Nordic Unmanned took

delivery of is currently still under operations in Lithuania, where it has been

operating for the last two months requested by the Environmental Protection

Department of Lithuania's Ministry of the Environment in collaboration with the

Lithuanian Navy other Lithuanian maritime authorities. The Nordic Unmanned crew

has so far delivered 100% of the scheduled flight hours, flights, and days of

operations, proving the regularity of our long-range BVLOS operations.

The main tasks of our CAMCOPTER S-100 systems is still to measure ships' sulphur

emissions, to verify compliance with EU rules governing the sulphur content of

marine fuels, in addition to conducting general maritime surveillance. All data

is transmitted in real time to the clients.

The CAMCOPTER S-100 operates day and night and can carry multiple payloads with

a combined weight of up to 50 kg. Due to its minimal footprint, size and

vertical take-off and landing capability, it is quickly deployed and can

take-off from non-paved surfaces and from vessels.

Knut Roar Wiig, CEO at Nordic Unmanned, said: "After hard and great work from

our dedicated team, it is with great satisfaction that we have started our

second deployment with our CAMCOPTER S-100, this time in France after taken

delivery of another Schiebel CAMCOPTER S-100 system this week. The fleet

increase is according to our communicated investment and growth plan, and we

will keep this second system in operations under our current contract just as we

do with our first system. This system delivery alongside the recruitment of

staff and start of operations is aligned with our plan to meet the communicated

operational activity.

The investment in CAMCOPTER S-100 includes full lifetime support, spare parts

and training. Expected financial lifetime of the CAMCOPTER S-100 is 10 years.

The investment is financed with a combination of equity, bank credit facility

combined with an export guarantee from GIEK.

Nordic Unmanned have chosen Norwegian prime ministers in the naming of its fleet

of CAMCOPTER S-100 drones. This new drone will be called "KJELL", in reference

to Kjell Magne Bondevik following the naming of its fleet siblings "ERNA" and

"JENS".

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

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/