28.4.2021 08:00:01 CEST | Nordic Unmanned | Additional regulated information
required to be disclosed under the laws of a member state
28th of April 2021 - Sandnes, Norway - Nordic Unmanned is pleased to announce
that it has signed an agreement to form a joint venture with the Finnish company
Aeromon, one of the global leaders in development of emission monitoring
technology. The joint venture will strengthen Nordic Unmanned's emission
monitoring service offering within the maritime and oil and gas industry
globally. A key motivation is to add important emission monitoring technology
rights, and to further develop this environmental monitoring technology.
The joint venture will be organized in a new company, which will be owned 60
percent by Nordic Unmanned and 40 percent by Aeromon. The company will be a
world leading system integrator providing mobile maritime emission monitoring
services to end clients. The largest client will be Nordic Unmanned, and the
technology will be used in Nordic Unmanned's existing contracts, and will be
offered to new clients, such as maritime authorities, port authorities, and oil
and gas companies.
Nordic Unmanned will invest EUR1.5 million in the joint venture and will have an
exclusive right to acquire the remaining 40 percent of the shares of the company
based on certain performance criteria.
The company will be co-located with Nordic Unmanned in Sandnes, Norway. The
agreement is expected to have a positive effect on Nordic Unmanned's EBITDA from
Q4 2021. The new technology will be integrated into Nordic Unmanned's fleet of
Schiebel CAMCOPTER S-100s and Staaker BG-200s.
"We are excited to enter this strategic joint venture with Aeromon. Their tried
and tested technology and our experience as operators ensure world class
maritime emission monitoring for our clients. With this joint venture, we will
enter the global maritime and oil and gas emission monitoring market with the
U.S and South-East Asia as the next target markets outside Europe. As the
International Maritime Organization (IMO) regulations are global, the current
service offering we are providing is highly scalable. We expect this new
contract to significantly expand our revenue potential and increase our EBITDA
margin within the Green Solutions business area," said Knut Roar Wiig, CEO of
Nordic Unmanned.
Aeromon has developed maritime emission monitoring technology including hardware
and software since 2015. The company's technology has been utilized in multiple
projects for a leading European maritime authority. Its technology has also been
used by several other clients in emission monitoring.
Maria Kuosa, CEO of Aeromon, sees the joint venture as a major event in the
field of maritime emission monitoring: "The new company formed by Aeromon and
Nordic Unmanned will make industry leading services available to a global
customer base. We are delighted to announce the combination of our cutting edge
technology and the operational abilities of Nordic Unmanned."
The services provided by the new company will consist of:
? Delivery and license of emission monitoring data platform
? Providing emission monitoring equipment as a service
? Providing data analysis and payload operations services (onsite/remote)
The joint venture ensures Nordic Unmanned worldwide exclusive rights to
Aeromon's verified technology in mobile monitoring of ship exhaust emissions,
including SOX and NOX emissions. All maritime emission monitoring related
products and services previously provided by Nordic Unmanned and Aeromon will be
included in the new company.
The joint venture's technology will also be made available to other customers,
including Aeromon's existing maritime customers as well as potential new
customers.
Final establishment of the joint venture is expected to take place in Q3 2021.
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
* Maria Kuosa, CEO, Aeromon, +358 400 775 408, maria@aeromon.io
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 and sales of unmanned systems
and sensor technology.
For more information visit nordicunmanned.com - https://nordicunmanned.com/
ATTACHMENTS
Nordic Unmanned Press Release Aeromon Nordic Unmanned JVC.pdf -
https://kommunikasjon.ntb.no/ir-files/17847587/495/619/Nordic%20Unmanned%20Press
%20Release%20Aeromon%20Nordic%20Unmanned%20JVC.pdf