CybAero signed a framework agreement with a company belonging to the Aviation
Industry Corporation of China (AVIC) on July 2. The framework agreement entails
a commitment by AVIC to purchase at least 70 of CybAero's unmanned helicopter
systems over the next eight years. The framework agreement is expected to be
worth at least SEK 700-800 million.
Training of AVIC staff began on February 2. The training program covers basic
technical management of the system and a review of how the system can meet the
needs of customers. A total of nine people from AVIC are attending the two-week
training program.
"The purpose of the training program is to give both technical and sales staff
from AVIC basic knowledge and understanding of the system and its design," says
CybAero's CEO Mikael Hult.
For more information:
Mikael Hult, CEO, CybAero AB, tel. 46 (0)70 5642545 e-mail:
mikael.hult@cybaero.se
Read online: www.cybaero.se Videos: www.youtube.com/cybaero
About CybAero
CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) and
associated sensor systems for safer and more cost-effective operations in
hazardous environments.The company has made a great international impact with
its APID 60 helicopter, which can be adapted for for exemple coastal and border
surveillance, search and rescue missions, and mapping.
CybAero has its head office in the Mjärdevi Science Park in Linköping, Sweden.
The company has more than 40 employees and has been listed on NASDAQ OMX First
North since 2007. Remium Nordic AB is the company’s certified adviser.
