CybAero receives recall of previously obtained export authorization.
CybAero has received a recall of a previously issued export license from the ISP – The Inspectorate of Strategic Products. The export authorization referred to a helicopter system for demonstration flights in China with the end customer AVIC. On February 20, 2017, CybAero had previously informed investors that the ISP had rejected a new application to export one helicopter system for demonstartion flights in China where the end receiver was also AVIC Supply and Marketing Huabei CO., LTD. CybAero will continue to examine its chances for a different outcome on appeal and the likelihood of