AVTECH Completes Dubai Wake Vortex Analysis Project

AVTECH Sweden AB (publ), (“AVTECH”, the “Company”), today announces that the
Company has successfully completed and received full final payments on the
previously communicated Dubai Wake Vortex Project including expansions and
extensions through options with Dubai Air Navigation Services (“DANS”).
“Successfully completing this important contract with Dubai Air Navigation
Services we have gained a lot of additional knowledge on the behavioral patterns
of Wake Vortex at the largest international airport in the world. The
opportunity to execute the work assignment has also provided us with an
excellent opportunity to successfully validate the Wake Vortex related models
that we have been developing and refining over a number of years”, says Niklaes
Persson, AVTECH’s Business Unit Director Research and Development.

“Moving ahead we believe that the successful execution opens for more business
opportunities in the Middle East and elsewhere, and we also believe that it is
an important stepping stone in the work on a potential operational Wake Vortex
solution, as previously communicated to the market”, says Anders Palm, AVTECH’s
Business Unit Director Consultancy.

“This experience strengthens our capabilities to explore opportunities within
Wake Vortex and Time-based Operations and we are currently recruiting several
highly qualified Wake Vortex and system engineers for continued specialized
development of an Operational Wake Vortex system, towards a potential future
standalone Business Unit. Developments are fully funded by the investment
decision previously communicated, but further external collaborations and
funding are also investigated. All-in-all, the outlook within the area is
promising indeed”, finishes Niklaes Persson.

For more information, please contact

Christer Staaf, CEO, +46 (0) 8 544 104 80

Anders Palm, BU Director Consultancy, +46 (0) 8 544 104 80

Niklaes Persson, BU Director R&D, +46 (0) 8 544 104 80

About AVTECH Sweden AB (publ)

AVTECH develops products and services for digital Air Traffic Management (ATM).
Its customers include the global aviation industry; e.g. airlines, airports,
aviation authorities, technology companies and airline manufacturers. By using
AVTECH’s products and services, each individual flight as well as the entire
airline operation can be optimized in terms of cost, noise and emission,
efficiency, punctuality and safety. The head office is in Stockholm, Sweden with
subsidiaries in Toulouse, France and an associated company in Dubai, U.A.E.
AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Redeye
AB, tel: +46 8 545 013 30, as Certified Adviser.