CybAero announced to the market on June 13th that the company is in a strained liquidity situation and the capital for current operations is expected to be consumed at the end of June 2017, unless additional capital is obtained. CybAero has through restrictive measures managed to secure capital for taxes and wages for July. The company is still working intensively with continued financing and is currently exploring different funding options.
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 13.30 CET on June 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 50 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.