Industry veteran Arne Roland appointed interim CEO as Knut Roar Wiig steps down

13 Mar 2023 07:31 CET

13.3.2023 07:31:33 CET | Nordic Unmanned | Additional regulated information
required to be disclosed under the laws of a member state

The CEO and co-founder of Nordic Unmanned ASA ("Nordic Unmanned"), Knut Roar
Wiig, has agreed with the Board of Directors that he will step down from his
leadership role. The Board has, with immediate effect, appointed experienced
industry leader Arne Roland as interim CEO.

"It has been a true privilege to build and lead Nordic Unmanned as CEO and
co-founder since we founded the company in 2014. The company's talented
employees deliver professional flight services to some of Europe's most
professional customers, and partner with global defense majors as well as
civilian drone pioneers. Recent acquisitions have strengthened our offering with
high-potential world leading proprietary and differentiating drone technologies
which will make considerable revenue contributions already this year. All of
this, and our 89 million EUR strong backlog, is testament to the remarkable
development we have behind us since we started the company. I have been with the
company for more than eight years and it's a natural time to step down as the
company is entering a new phase of operations. I look forward to supporting the
company's transition to new leadership in the short term, and in capacity of
being a very active shareholder in the long run.", says Knut Roar Wiig.

Nordic Unmanned is a European leader within unmanned aerial vehicles, with its
two strong business units: Nordun (flight services) and NUTech (drone products).
Nordun is an experienced operator of advanced BVLOS drone platforms, with nearly
3000 hours flown in 2022 for European government departments and defense
agencies. NUTech subsidiaries AirRobot GmbH & Co. KG (DE) and DroneMatrix NV
(BE), represent attractive niche products in the military-grade lightweight
drone market and the productivity-focused drone-in-a-box market, respectively.
As the company is entering a new phase of industrialisation with a backlog
approaching NOK 1 billion, focus is shifting towards profitability with lean
production processes and further commercialisation of the company's core
products and services.

Arne Roland (b. 1967) is a Norwegian citizen with 30 years of industrial
experience
from aviation and industrial engineering industries. He was CEO of CHC
Helicopters Norway from 2012 to 2017 and served during this period for four
years as a board member of the Federation of Norwegian Aviation Industries.
Prior to this, he spent 20 years with various Aker companies. Over the last few
years, Roland has held interim CEO roles and consultancy assignments through
ARTerra AS. Roland is an economist by education and holds a degree in Finance
and Project Management from the University of Agder, Norway. Roland has followed
Nordic Unmanned closely since the listing on Euronext Growth Oslo in December
2020, as member of the Nomination Committee and will as of today step down from
the committee.

"I am impressed with what this team of competent and engaged people has achieved
in less than a decade. Nordic Unmanned's services and technologies are saving
lives, improves productivity, drive data-based decision making and not least
materially contribute to reduced emissions. I believe unmanned technologies are
becoming a natural part of industrial as well as government toolboxes in Europe
and the Americas, and that Nordic Unmanned is well positioned to capture
attractive niches both within flight services and drone technologies. Nordic
Unmanned has a great future, and I am extremely motivated to contribute to the
company's success in the role as interim CEO". says Roland.

"It is a pleasure to welcome Arne Roland to Nordic Unmanned, who has followed
the company for several years. On behalf of the Board, I would like to recognize
Knut Roar as a visionary CEO of the company and industry profile, and wish him
the best for the future", says Nils Johan Holte, Chair of the Board.

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, is subject to the disclosure requirements pursuant to
Euronext Growth Oslo Rule Book - Part II section 3.10 and is subject to the
disclosure requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act.

CONTACTS

* Arne Roland, CEO, +47 911 94 667
* Nils Johan Holte, Chair of the Board, +47 930 43 872

ABOUT NORDIC UNMANNED

Nordic Unmanned is a leading provider of high-end drone and data capture
products and flight services. Its NUTech business unit is an Original Equipment
Manufacturer (OEM) for the drone, sensor, software and launch product lines
AirRobot and DroneMatrix, serving primarily defense, security, and productivity
improvement markets. The Nordun business unit holds industry-leading regulatory
and operational expertise as an operator of rotary and fixed-wing drone systems,
providing flight services for pollution monitoring, fishery control,
surveillance, and logistics services. The largest customers of the company's
flight services are government agencies, including coast guards.

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, 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/

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