Nordic Unmanned receives a 10-year framework contract from Lockheed Martin UK Ltd.

16 Dec 2022 07:30 CET

16.12.2022 07:30:00 CET | Nordic Unmanned | Additional regulated information
required to be disclosed under the laws of a member state

Nordic Unmanned UK Ltd announces today that it has received an award for a large
quantity of Heimdal sensors and software from its partner and customer, Lockheed
Martin UK Ltd. The announcement comes after Lockheed Martin UK Ltd. was awarded
the Prime Contract for the TIQUILA drone programme by the UK Ministry of
Defence.

The contract covers the production and supply of Heimdal sensors, maintenance
and modifications related to the sensor, and other related work on the Lockheed
Martin Indago 4 drone. The contract period is 10 years, with revenue effect
expected to exceed EUR 5 million in 2023. Initial contract call-off is expected
later this quarter. The contract work will primarily be delivered by Nordic
Unmanned's subsidiary, AirRobot GmbH & Co. KG. The contract is expected to more
than double AirRobot's revenue for 2023 and will make a significant contribution
to the backlog of Nordic Unmanned.

"This contract confirms that AirRobot Heimdal is a leading sensor for small
drones in the defence market, and we are pleased that Lockheed Martin has made
it a preferred solution for its clients. This contract confirms the proven
technical capabilities of the Heimdal sensor system, as it is selected and
integrated into a second major defence programme this year," says Knut Roar
Wiig.

The Heimdal sensor is a dual Electro-Optical/Infra-Red (EO/IR) sensor, initially
developed for AirRobot's AR-100 drone system sensor, is designed and produced in
Germany. It is already integrated with the Lockheed Martin Indago 3 system and
will, as a result of this award, be fully integrated into the next-generation
Indago 4 drone system.

The Heimdal sensor offers real-time EO/IR fused video images in full HD, which
allows the user to effortlessly identify points of interest in challenging
terrains and conditions. In addition, the system offers an innovative
proprietary temperature-based search mode that clearly displays points of
interest in the user-defined temperature range. The system also includes a Laser
Range Finder and illuminator.

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 is a global leader of high-end products and services related to
drones and data capture. Through worldwide operational experience and
industry-leading expertise, Nordic Unmanned supports large governmental and
industrial clients in the adaption of unmanned systems and services.

Founded in 2014, the Group has offices in Sandnes, Molde, Odense (DK), Cranfield
(UK), Hasselt (BE), Arnsberg (GER) and Baltimore (US) and has quickly become one
of the leading providers of unmanned systems and services, with operations
across Europe. Nordic Unmanned has one of the world's most comprehensive permits
to fly beyond visual line of sight (BVLOS), through the EASA approved Light UAS
operator Certificate (LUC). The Group is OEM for the drone products Staaker,
AirRobot and DroneMatrix, and is also world leading in the collection of vessel
emission data. It is ISO 9001-2015 and AS9100 certified for the operation,
maintenance, sale, design, development, and production of unmanned systems and
sensor technology.

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

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