CybAero AB (publ) signs agreement with Skyworks Global
CybAero has signed an agreement with Skyworks Global, an American company that focuses on the design and development of high performance gyroplanes.
Skyworks will provide CybAero with a perpetual license to their gyro technology intellectual property. In return CybAero will share joint intellectual property in the research and development.
CybAero and Skyworks have further agreed on going into discussions as to joint product marketing, sales, and revenue share, once a market ready APID version has been developed with any of Skywork’s intellectual property integrated.
Brigadier General (Ret) John Michel; Director, Executive Committee at Skyworks Global comments: “We are excited about the opportunity to partner with one of the world’s leading Remotely Piloted Aircraft System developers in CybAero. We are convinced the combination of Skyworks revolutionary gyrocraft technology and CybAero’s extensive market understanding and positioning will net potentially transformative applications in the rapidly expanding field of RPV’s.”
Michael Auerbach; Chairman at CybAero comments: “There is great opportunity for us in partnering with Skyworks, the world leader in gyronautics. Skyworks has vast knowledge and are visionaries in the aeronautical industry. We see high potential in this partnership and the applications it might bring. Together we can work forward on improving and revolutionizing the future of RPAS.”
About Skyworks: Skyworks Global Inc., is the world leader in gyronautics, the study and design of sustained autorotative flight represented by the company's gyroplane technology. Skyworks has more than 40 patents with several more underway, all obtained in an effort to radically change not only the way gyroplanes are perceived, but also the way they are utilized. From mass personnel transportation, agriculture, and border protection to literally changing the economies of developing nations, Skyworks' goal is to change the paradigm of aerial technology. For more information about the company, its products, and individual members of the Skyworks team, visit www.Skyworks-Global.com .
Michael Auerbach, Chairman of the Board
Telephone: 013-465 29 00
This information is information that CybAero AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10.00 CET on October 30 2017.
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 45 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.