US/UK/Canada

Share

Pick a time period -
Tags ( Active)

CybAero selected to tender mobile APID systems to Thailand

CybAero has for a long time conducted dialogue with the Thai Coast Guard regarding RPAS (Remotely Piloted Aircraft System) -based surveillance. CybAero has now qualified as one of the few final candidates for tendering in the government's public procurement.CybAeros solution based on APID One and M.O.C. (Mobile Combined Hangar and Management Center) is the only helicopter system in the procurement, and thus differs from other candidates offering RPAS based solutions based on fixed wing. The offer value is in the order of 30 MSEK and the coast guard plans to receive deliveries in 2019. The

CybAero AB (publ) suspends payments, despite financing

As previously announced, CybAero has entered into a financing solution with European High Growth Opportunities Securitization Fund (“EHGO”) of up to SEK 52.5 million in the form of thirteen convertible loans. The trading in the Company’s share is presently halted, which makes it impossible to use any of the funds from EHGO. This leads the company to suspend payments, in the hope that trading will be resumed and that the company accordingly may take part in the financing solution.Nasdaq had previously informed CybAero that, if nothing unforeseen occurs, they intended to resume trading in the

CybAero AB (publ) receives the first tranche from EHGO and is informed of an investigation by Nasdaq.

CybAero has received the first tranche of SEK 4,5 million of the financing solution between CybAero AB and the European High Growth Opportunities Securitization Fund ("EHGO"). The financing solution was announced on March 28, 2018, and was decided at the Extraordinary General Meeting on April 26, 2018. The financing solution includes an amount of up to SEK 52.5 million in the form of thirteen convertible loans. The previous two payments of each 1 SEK million, announced on March 28, 2018 and April 11, 2018, are retained as bridge loans over future tranches 2 and 3. Nasdaq has informed

Communique from Extraordinary General Meeting of CybAero AB (publ) on April 26th, 2018

The meeting elected Anders Angelstig as the chairman of the meeting whom had elected Katarina Ibold as keeper of the minutes.The meeting approved that persons who are not shareholders could be present at the meeting.The meeting approved the proposed agenda.The meeting appointed Björn Nyström and Per Carlsson to approve the minutes together with the chairman.The meeting resolved that it had been duly convened.The meeting approved the Board’s proposal to change the articles of association. ”The share capital shall amount to no less than SEK 6 440 000 and no more than SEK 25 760 000.”

CybAero presents new strategic focus

The market for unmanned aerial vehicles has changed at a rapid pace in recent years. In light of this CybAero's management has been instructed by the Board to review how the company will best take advantage of the opportunities that the change entails.CybAero is and shall continue to be Sweden's leading company within RPAS (Remotely Piloted Aircraft System), a market that is currently in rapid transformation. Within this framework, CybAero will adapt the business to the current conditions with a clear objective of becoming self-sufficient.The market for unmanned aerial vehicles is in

CybAero has received additional payment - trading in the stock is expected to be resumed after the shareholders meeting on April 26

CybAero has received an additional SEK 1 million attributable to the financing agreement previously concluded with Alpha Blue Ocean. Nasdaq has announced that trading in CybAeros shares may be resumed as soon as the CybAero shareholders meeting concludes on the new financing and no other circumstances arise which lead to a new position.CybAero has received another bridge loan of SEK 1 million. The loan is part of the financing solution CybAero and the European High Growth Opportunities Securitization Fund, with the advisor Alpha Blue Ocean Advisors Ltd, a part of the Alpha Blue Ocean

Year-end report January–December 2017 CybAero AB (publ)

29 March, 2018 kl 19:00 CETPeriod: January–December 2017 • Net sales: SEK 12 thousand (SEK 2.9 million)• EBITDA: SEK -145 million (SEK -75.5 million)• Operating loss: SEK -151 million (SEK -86.8 million)• The company reported a loss after tax of SEK -155 million (SEK -91.3 million).• Earnings per share: SEK -3.32 (SEK -2.50)• The Board of Directors proposes that no dividend be paid.Period: July–December 2017 • Net sales: SEK 640 thousand (SEK 1.9 million)• EBITDA: SEK -117 million (SEK -32.7 million)• Operating loss: SEK -116 million (SEK 39.0 million)• The company

NOTICE OF EXTRAORDINARY GENERAL MEETING OF CYBAERO AB (PUBL)

Shareholders of CybAero AB (publ) are hereby summoned to an Extraordinary General Meeting on Thursday, April 26, 2018 at 10.00 CEST at the company facilities at Teknikringen 7, Mjärdevi Science Park, Linköping, Sweden. The EGM will be open for registration at 09.00, register before 09.45.Notifications etc.  Shareholders who wish to attend the meeting must: -        Be registered in the Euroclear Sweden AB (”Euroclear”) share register as of Friday, April 20, 2018. -        Notify the company of their attendance no later than Monday, April 23, 2018 13.00 CEST. Notification of

CybAero signs agreement with Alpha Blue Ocean for up to SEK 52.5 million

CybAero and European High Growth Opportunities Securitization Fund (“EHGO”), advised by Alpha Blue Ocean Advisors Ltd, member of the Alpha Blue Ocean Investment Group (“ABO”), has now signed an agreement regarding a financing solution of up to SEK 52.5 million in the form of thirteen convertible loans, the first loan of SEK 4.5 million and the following twelve loans each of SEK 4 million.CybAero has received a bridge loan of SEK 1 million from EHGO and will receive a further bridge loan of SEK 3 million, as soon as the trade in CybAero’s shares has been resumed on First North. The loan will

CybAero postpones Year-end report for 2017

CybAero’s board has decided to postpone the Year-end report for 2017 until March 30th. Previously stated date for the Year-end report is March 15th. The reason for the postponement is ongoing discussions regarding the company’s financing. See CybAero’s press release from February 16Th. For more information, please contact:Michael Auerbach, Chairman, CybAero ABPhone: +46 (0)13-465 29 00Email: ir@cybaero.seWeb: www.cybaero.se      Videos: www.youtube.com/cybaero About CybAeroCybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective

Johan Ahlström resigns as CEO of CybAero

Johan Ahlström has resigned as CEO of CybAero AB effective immediately. Tommy Magnusson, CybAero Board Director, will act as interim CEO. “Mr. Magnusson brings a wealth of aerospace and management experience to the role of CEO. He has been an invaluable member of CybAero’s board and we are thrilled that he has agreed to step in at this time,” said Michael Auerbach, Chairman. Contact:Michael Auerbach, Chairman of the Board Telephone: 013-465 29 00 Email: ir@cybaero.seWeb:  www.cybaero.se          Videos: www.youtube.com/cybaero About CybAeroCybAero develops and

Comments regarding financial situation in CybAero AB

Trading in CybAeros share, listed on Nasdaq First North, was halted before stock market opening on Thursday, February 15th. The background to the trade halt is acute liquidity shortage.On July 24, 2017, CybAero signed a financing agreement with Dubai-based Bracknor Investment Group, providing a financing solution amounting to USD 5.25 million in the form of seven convertible loans Ongoing discussions with Bracknor on the delivery of the agreement's third tranche of USD 850 000 are at an impasse and CybAero no longer thinks it is likely that Bracknor will deliver the requested funds. This

CybAero streamlines the organization

CybAero has decided to restructure the organization to make it more efficient. As a result of structural changes, the number of employees will be reduced from 35 to about 20. Furthermore, the company will outsource parts of the business. The changes are expected to result in annual cost savings of MSEK 19–  It's always hard to have to make personnel cuts. But since I took over as CEO of CybAero, I spent most of my time reviewing the business, its costs and how to proceed with our business. I have found that the cost level is far too high in relation to the situation we are in today.

First trading day for series 12 warrants

CybAero today announced that the first trading day of warrants of series 12 will be February 8, 2018. One (1) warrant entitles the holder to subscribe for one (1) new share in the company at a subscription price of SEK 5.50 per share. Subscription of shares under the warrants shall be in accordance with the terms of the warrants during the period from September 13, 2018 through September 28, 2018.Shares and share capitalThe preferential share issue of units has been registered at the Swedish Companies Registration Office and the total number of shares amounts to 15 242 293 giving a

CybAero signs collaboration agreement with Missing People

CybAero announces that the company has signed a collaboration agreement today with Missing People Sweden. The agreement allows Missing People to use CybAeros remote controlled drones to find missing people.‘’It is exciting that Missing People has chosen us as a partner in their work to improve their search for missing people. This agreement proves our concept and that our technology attracts bigger interest. It also confirms that our RPAS helicopters can be used in all types of environments’’ says CybAeros CEO Johan Ahlström.When needed, CybAero will provide Missing People with remote

Johan Ahlström new CEO of CybAero

The Board of CybAero has today appointed Johan Ahlström as new CEO of CybAero as of January 23, 2018. He succeeds Mikael Smith, who has served as CEO since September 1, 2017 in parallel with his position as CFO.Johan Ahlström has a broad background and extensive experience as CEO for a number of high-tech companies.  He has a strong track record in terms of improved sales, profitable growth and increased shareholder value. Johan Ahlström is 48 years old, and holds a Master of Science from the Technical faculty at Linköping University. He has worked with business development and change

Cybaero intensifies search for new CEO and CFO

CybAero intensifies the search for new CEO ready to continue and push CybAero towards the future. At the same time, searches for new CFO has also begun.The Board announces that, with the help of Novare Executive Search, they seek successor for Mikael Smith who has chosen new challenges outside the Company. Smith will be working during the notice period.               The Board thanks Mikael Smith for his dedicated work as CFO, and later also interim CEO, where Smith has, with the greatest commitment, successfully led CybAero through positive changes and successful financing. "In 2017

The preferential share was subscribed to 73.8 percent

On December 7, 2017, the subscription term of CybAero AB's preferential share issue of Units ended. The issue was subscribed to 73.8 percent, which means that CybAero will receive SEK 26.1 million after issue costs of approximately 8.1 MSEK.- I would like to thank all shareholders who have participated in this preferential share issue and thus demonstrated their support for our business. We now have secured capital so that we can continue our journey towards becoming a complete product and service company based on world leading technology, said Michael Auerbach.    A total of 9,115,808

CybAero AB (publ) prepares demonstration flight for UN agency

CybAero is currently preparing to conduct a demonstration flight for a UN agency. The demonstration flights are scheduled to be carried out in the near future. The flights aim to operationally demonstrate CybAeros APID One with its associated Air Drop System and its capacity to deliver supplies to crisis-affected areas. CybAero has several demonstration flights planned in the near future linked to the company's prospects. For more information regarding CybAero APID Air Drop System, see http://www.cybaero.se/en/air-service/.

CybAero AB (publ) performs demonstration flights for the Belgian Navy

CybAero has performed demonstrations flights for the Belgian Navy. Two separate flights were conducted during the demonstration to show the system’s operational performance in both daylight and darkness. Michael Auerbach, Chariman at CybAero, comments: “It is always positive that we have the opportunity to showcase our system. The opportunity to perform demonstration flights also shows that there is a big interest in our system on the market.”

Communique from Extraordinary General Meeting of CybAero AB (publ) on November 14th, 2017

The meeting elected Anders Angelstig as the chairman of the meeting whom had elected Hanna Ericson as keeper of the minutes. The meeting approved that persons who are not shareholders could be present at the meeting. The meeting approved the proposed agenda. The meeting appointed Henrik Lewander and Daniel Fröberg to approve the minutes together with the chairman. The meeting resolved that it had been duly convened. The meeting approved the board’s resolution to reduce share capital.  The share capital shall be reduced with SEK 3 088 742,50. After the reduction the share

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Media