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    NUMND   NO0010907090

NORDIC UNMANNED AS

(NUMND)
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Nordic Unmanned : receives signed OP46 contract from EMSA

10/21/2021 | 10:51am EST

Reference is made to Nordic Unmanned’s announcements on the 29th of July and 22nd of September regarding the letter of award received from the European Maritime Safety Agency (EMSA) and the following Initial Configuration Test (ICT). Nordic Unmanned has now received the signed OP46 contract for the fixed-wing RPAS (drone) services carrying out long-range general maritime surveillance, with a contract value of up to EUR 20 million.

Today Nordic Unmanned received the signed framework contract from the European Maritime Safety Agency (EMSA) with the tender name EMSA/OP/46/2020.  First revenue from the OP46 contract will be generated in Q4 2021.

The combined capabilities of the Aerosonde's up to 11 hours and 1,000 km range with its synthetic aperture radar ("SAR ") introduces a completely new high-value dataset to our clients. Current SAR datasets are usually provided by satellites or manned maritime patrol aircrafts in Europe. Now this is about to change, as we introduce drone based long range maritime surveillance service.” Said Knut Roar Wiig, CEO of Nordic Unmanned.

The first Aerosonde system will be delivered from Textron Systems to Nordic Unmanned in October 2021, a second system allocated to the contract will be delivered in Q1 2022. Both systems will be financed with a combination of equity and debt. The first Aerosonde will be deployed, directly from delivery, at the UAS test center in Odense, Denmark and full Nordic Unmanned operational capability (FOC) is expected to be achieved before Q1 22.  

Nordic Unmanned's first crew of Aerosonde pilots and technicians has graduated from the training academy and are ready to start operations including maintenance, repair, and overhaul (MRO) of the Aerosonde system. Both the operational and MRO capabilities will be allocated to the OP46 contract from day one. 

On a medium-term basis this newly acquired Aerosonde system capability will support the ongoing bid for a Tactical UAS tender in Denmark and the coming bid for a Tactical UAS tender in 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
  • Trond Østerhus, CFO, Nordic Unmanned AS, +47 95 99 08 79, to@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, sale, design, development and production of unmanned systems and sensor technology. and sensor technology.

For more information visit nordicunmanned.com

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2020 65,3 M 7,42 M 7,42 M
Net income 2020 2,47 M 0,28 M 0,28 M
Net cash 2020 27,9 M 3,17 M 3,17 M
P/E ratio 2020 256x
Yield 2020 -
Capitalization 807 M 91,6 M 91,6 M
EV / Sales 2019 -
EV / Sales 2020 9,28x
Nbr of Employees 122
Free-Float -
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Knut Roar Wiig Chief Executive Officer
Trond ěsterhus Chief Financial Officer
Nils Johan Holte Chairman
Steffan Lindso Chief Technology Officer
Lars A. Landsnes Chief Operating Officer
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