Nordic Unmanned's AirRobot signs extension of maintenance contract with the Bundeswehr

22 Feb 2023 12:49 CET

22.2.2023 12:49:48 CET | Nordic Unmanned | Additional regulated information
required to be disclosed under the laws of a member state

AirRobot has signed a 4-year extension to the MRO contract with the Bundeswehr
for the maintenance and repair of the original MIKADO I drone fleet owned by
Bundeswehr. The contract value is expected to be up to EUR 3 million.

The MIKADO I project is AirRobot first project with Bundeswehr (German Armed
Forces) and the current MRO (Maintenance, repair, and overhaul) contract has
lasted for ten years. This project is the predecessor of the MIKADO II project,
which was awarded to AirRobot by Bundeswehr in May 2022.

All critical spare parts to conduct the extended MRO contract on the MIKADO I
project are already in stock at the production facility of AirRobot in Arnsberg,
Germany.

The MRO activity on the MIKADO I project will be conducted simultaneously as the
MIKADO II project is progressing.

The contract value is based on the customer's expected usage of the contract.

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, +47 95 99 08 79, to@nordicunmanned.com

ABOUT NORDIC UNMANNED

Nordic Unmanned is a leading provider of high-end drone and data capture
products and flight services. The NUTech business area is an Original Equipment
Manufacturer (OEM) for the drone and sensor product lines AirRobot, DroneMatrix,
and Staalker, serving primarily defense and security markets. The Nordun
business area holds industry-leading expertise as an operator of rotary and
fixed-wing drone systems, providing pollution monitoring, fishery control,
surveillance, and logistics services. Clients include government agencies, coast
guards, corporates, and service providers.

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, 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

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847587/2126/2854/Download%20announcement
%20as%20PDF.pdf

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