Cybaero postpones UAV deliveries to China Customs

Cybaero postpones UAV deliveries to China Customs

4-Jan-2016 Source: CybAero

Delivery of three unmanned helicopter systems to China Customs has been rescheduled for early 2016 in consultation with the client. Delivery was originally scheduled for late 2015 following extensive testing in the Baltic Sea with takeoffs and landings from moving platforms.

The delay was caused by additional requirements and features and the fact that the complex system required extensive verification testing and some upgrades, which are now complete.

CybAero’s helicopters for China Customs are the first in the world to feature an automatic landing system for unmanned helicopters.

The postponed delivery will have a negative impact on both sales and profit for CybAero in 2015.

About CybAero

CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective aerial operations in various environments, including those hazardous in nature. The company has made a great international impact with its APID ONE helicopter, which can be adapted for both military and civilian applications such as coastal and border surveillance, search and rescue missions, and mapping. CybAero’s head office is located in the Mjärdevi Science Park in Linköping, Sweden. The company has around 55 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company’s certified adviser.

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