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Nordic Unmanned is a global provider of high-end drone and data capture products and services, has operational experience from many countries across several continents and holds industry-leading expertise, Nordic Unmanned supports governmental and industrial clients in the adaption and deployment of unmanned systems and services.
Founded in Norway in 2014, the Group has offices in Sandnes (NO), Molde (NO), Odense (DK), Cranfield (UK), Hasselt (BE), Arnsberg (GER) and Baltimore (US). 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 Group is an Original Equipment Manufacturer (OEM) for the drone product lines 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.
The second quarter 2024 was a mixed quarter characterized by a lower than anticipated activity due to delayed start-up of operations in Flight Services as well as delays in deliveries under major contracts. On the other hand we had good operational performance, improved underlying cost performance and a milestone achievement by obtaining airworthiness certification of AirRobot’s AR-100H “drone for defenders”. In addition we have high activity related to the ongoing financial restructuring and turnaround activities in the making. Finally we have had changes to the Board. Importantly, we will be launching a revised strategic direction and a new profile. We are launching a new profile, web and strategy end August 2024, where Nordic Unmanned Group has rebranded to NU Group. This marks a significant shift in the Group’s identity and future focus Q2 2024 revenue of EUR 4.2 million (EUR 6.6 million) with YTD 2024 revenue of EUR 7.2 million (8.8 million). The reduction is mainly due to an insu
As part of the ongoing efforts to seek to turn the company around against a revised strategic direction during the defined transition year 2024, Lars A Landsnes, COO & CFO, wants to return to a focused COO role to ensure capacity to amongst other ensure traction in our efforts to scale the segments and build a sustainable business. At the same time the company has employed Tarjei Lode as CFO. Tarjei is 32 years old, holds a MSc Finance from University of Warwick/Warwick Business School and an MBA from London Business School. Tarjei is CFA Charterholder and has a varied background in finance from Norway and London. The organizational changes are effective from 28th August 2024. The company will revert with more information on the revised strategic direction of the company in relation to the Q2 2024 announcement in late August 2024. Please follow us on LinkedIn and www.nordicunmanned.com.
Reference is made to earlier stock exchange announcements by Nordic Unmanned ASA (the "Company") (ticker: NUMND) regarding the financial restructuring originally announced on 14 May 2024, including the last update provided on 14 August 2024. The Company is working with the banks to close out the final conditions for completion of amendments to the Company's loan facilities, which is a condition precedent for the completion of the NOK 23.5 million private placement, the NOK 23.5 million subsequent offering and the EUR 5,172,414 bank debt conversion, all approved by the Company's extraordinary general meeting held on 11 June 2024 (the "EGM"). The Company continues to expect that closing of the financial restructuring will take place within the end of August 2024, in line with the last update from 14 August 2024. Delivery of shares to subscribers in the subsequent offering will take place as soon as practically possible thereafter, either end of August or beginning of September 2024. Once
Nordic Unmanned publishes Q2 2024 on the 30th August 2024 at 07.00 am. The Q2 2024 will also be presented in a webcast on the same day at 09.30 am. To join the webcast, please register on: https://register.gotowebinar.com/register/1482073945906139486
Reference is made to earlier stock exchange announcements by Nordic Unmanned ASA (the "Company") (ticker: NUMND) regarding the financial restructuring originally announced on 14 May 2024. The Company is still working on finalizing the conditions for completion of amendments to the Company's loan facilities, which is a condition precedent for the completion of the NOK 23.5 million private placement, the NOK 23.5 million subsequent offering and the EUR 5,172,414 debt conversion all approved by the Company's extraordinary general meeting held on 11 June 2024 (the "EGM"). Due to recently identified liquidity challenges resulting from project delays, working capital requirements and the restructuring cost, the Company's current expectation is that it will not have sufficient liquidity to repay on the original due dates at the end August 2024 the EUR 2 million bridge loan guaranteed by Tjelta Eiendom AS from February 2024, and the EUR 1 million additional liquidity loan from Tjelta Eiendom A
Nordic Unmanned ASA (the "Company") has received notice from board member Nina Strand Gullan that she has withdrawn from her role as board member of the Company for personal reasons. The Company thanks Nina for her time of service on the Board of Directors.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcement by Nordic Unmanned ASA (the "Company") (ticker: NUMND) on 5 July 2024 announcing the results of the over-subscribed subsequent offering (the "Subsequent Offering") of 470,000,000 new shares (the "Offer Shares") in the Company, at a subscription price of NOK 0.05 per share. The Offer Shares may not be transferred or traded before they have been fully paid and the share capital increase pertaining to the Subsequent Offering has been registered with the Norwegian Register of Business Enterprises. The registration of the share capital increase, the date for delivery of the Offer Shares and the first day of trading of the Offer Shares on
Reference is made to the stock exchange announcement by Nordic Unmanned ASA (the "Company") (ticker: NUMND) on 5 July 2024 announcing the results of the subsequent offering (the "Subsequent Offering") of 470,000,000 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 0.05 per share. Please see the attached forms for further details regarding the allocations of Offer Shares in the Subsequent Offering to primary insiders and their close associates.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcement by Nordic Unmanned ASA (the "Company") (ticker: NUMND) on 20 June 2024 announcing the submission of a national prospectus dated 20 June 2024 (the "Prospectus") and the subsequent offering (the "Subsequent Offering") of 470,000,000 new shares (the "Offer Shares") in the Company, at a subscription price of NOK 0.05 per share. The subscription period in the Subsequent Offering expired on 5 July 2024 at 16:30 hours (CEST). By the end of the subscription period, the Company had received subscriptions for 654,067,971 Offer Shares in the Subsequent Offering. In accordance with the allocation criteria determined by the Company's Extraordinar
Nordic Unmanned, Omni Táxi Aéro and OHI Unmanned are pleased to announce that ANAC has issued the permit to fly Class 1 UAV in Bvlos flights in Brazil for Omni´s offshore missions and operations for offshore drone logistics for Petrobras have begun. Nordic Unmanned is providing logistics services using Schiebel Camcopter S-100 drones from its fleet. The contract holder is Omni Táxi Aéreo, with OHI Unmanned—the joint venture between Nordic Unmanned and Omni Helicopters International (OHI) —as the executing party. Regular 0perations are being conducted from Omni´s base in Macaé, Brazil. Flights will be safely executed in various airspace types during day and night hours to various offshore installations and mark the beginning of commercial long-range onshore-to-offshore drone flights in Brazil. This initiative builds on the extensive experience Nordic Unmanned has gained over the years working with operators in the offshore energy sector. The Nordic Unmanned Light UAS Operator Certificat
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcement by Nordic Unmanned ASA (the "Company") (ticker: NUMND) on 24 June 2024 announcing the commencement of the subscription period in a subsequent offering of 470,000,000 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 0.05 per share (the "Subsequent Offering"). The subscription period in the Subsequent Offering will expire today, on 5 July 2024 at 16:30 hours (CEST). Correctly completed subscription forms must be received by the Manager (as defined below) before the end of the subscription period. Subscription rights that are not used to subscribe for Offer Shares in the Subsequent Offering before the expir
Nordic Unmanned currently owns 55% of DroneMatrix and has an obligation to acquire the remaining 45% of the shares. Nordic Unmanned has entered into a final agreement to acquire the remaining 45% of the shares in DroneMatrix from the Vanwelkenhuyzen family. DroneMatrix is a leading drone technology company in Belgium. The investment will accelerate the integration of DroneMatrix into Nordic Unmanned and solidify the leading drone company position in Europe. Investment of the remaining 45% shares of DroneMatrix enables both companies to fulfil the synergies and scale their commercial offerings through new services and solutions across all three (3) Nordic Unmanned segments Flight Services, providing time-critical actionable data to large corporate and governmental customers. AirRobot, a leading product platform in lightweight UAS’s tailored for defence and security DroneMatrix, a fully integrated and autonomous UAS system with proprietary software DroneMatrix is a leading European drone
Nordic Unmanned announces it has agreed terms with Innovasjon Norge as part of the financial restructuring communicated to the market on the 14th May 2024. The key terms agreed with Innovasjon Norge are as follows: Debt forgiveness of NOK 10 million, Postponement of all debt instalments until 27th October 2028, The initial interest payment for the Term Loan Facility is deferred until June 30th 2025, with subsequent interest payments occurring quarterly thereafter. “The new terms with Innovasjon Norge further strengthens our Equity, Balance Sheet and cashflow over the coming period. Innovasjon Norge has been a key enabler for Nordic Unmanned’s growth over the years and we are thankful for Innovasjon Norge’s support and in particular for this Q2 financial restructuring” says Lars A. Landsnes CFO/COO of Nordic Unmanned
An annual general meeting of Nordic Unmanned ASA (OSE: NUMND) was held today on 28 June 2024 at 10:00 hours (CEST). Please see attached a copy of the minutes from the annual general meeting. All items were resolved in accordance with the notice of the annual general meeting.
Nordic Unmanned ASA has been notified that Erik Ålgård, with the role as Board Member, on 27 June 2024 sold 2.201.322 shares in Nordic Unmanned ASA at the price of NOK 0.1019 per share. Notification of the transactions are attached to this release
Nordic Unmanned is excited to announce the successful completion of a comprehensive framework agreement for subsequent procurement with the Swiss Federal Office for Defence Procurement armasuisse. The agreement includes an initial purchase order for the upgrade and delivery of Indago 3 systems, AirRobot Heimdal™ sensors, and accessories. This collaboration underscores our commitment to deliver advanced unmanned systems and enhancing operational capabilities for our clients. We look forward to continue our relationship with armasuisse. "This agreement continues our mission to provide top-tier unmanned systems to our clients worldwide," said Mark Farrell, Defence and Security Vice President.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcement by Nordic Unmanned ASA (the "Company") (ticker: NUMND) on 20 June 2024 announcing the submission of a national prospectus dated 20 June 2024 (the "Prospectus") and the subsequent offering (the "Subsequent Offering") of 470,000,000 new shares (the "Offer Shares") in the Company, at a subscription price of NOK 0.05 per share. The subscription period in the Subsequent Offering commences today, on 24 June 2024 at 09:00 (CEST), and ends on 5 July 2024 at 16:30 hours (CEST). The Subsequent Offering is directed towards shareholders in the Company as of 14 May 2024 (as registered in the Norwegian Central Securities Depository (the "VPS") two
Nordic Unmanned ASA has been notified that Lars Andreas Landsnes, with the role as CFO/COO, on 21June 2024 sold 450,000 shares in Nordic Unmanned ASA at the price of NOK 0.14 per share. Following the transaction, Lars Andreas Landsnes holds directly and indirectly 162.257 shares. Notification of the transactions are attached to this release
Nordic Unmanned ASA has been notified that Erik Ålgård, with the role as Board Member, on 21 June 2024 sold 1.686.005 shares in Nordic Unmanned ASA at the price of NOK 0.1567 per share. Notification of the transactions are attached to this release
Nordic Unmanned published Q1 2024 today the 21st June 2024 at 08.00 am. The Q1 2024 will also be presented in a webcast at today at 09.30 am . To join the webcast, please register on : https://attendee.gotowebinar.com/register/7261290678583642206
Nordic Unmanned is a global provider of high-end drone and data capture products and services, has operational experience from many countries across several continents and holds industry-leading expertise, Nordic Unmanned supports governmental and industrial clients in the adaption and deployment of unmanned systems and services.
Founded in Norway in 2014, the Group has offices in Sandnes (NO), Molde (NO), Odense (DK), Cranfield (UK), Hasselt (BE), Arnsberg (GER) and Baltimore (US). 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 Group is an Original Equipment Manufacturer (OEM) for the drone product lines 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.