CybAero announces new engine supplier

First North-listed CybAero, which develops and markets unmanned helicopters, announced at a press conference at the Farnborough Airshow in the UK that it is switching to a new engine and engine supplier for its Apid 60 aircraft.

CybAero has been evaluating several engines and engine suppliers for some time to improve the Apid 60's performance and reliability. The British company, Rotron, and one of their Wankel engines (often referred to as rotary engines) were chosen.

"The reason we ultimately chose Rotron is because of their great technological capabilities and innovativeness, and because their Wankel engine meets our requirements and specifications in full," says Rolf Schytt, CybAero's chief operating officer. "The engine is available for both gasoline and heavy fuel, which is well-suited for our current and future customers," Schytt continues.

"We are extremely flattered and honored that CybAero chose us as their supplier," says Jim Edmonson, Rotron's CEO. We will do our very best to meet CybAero's needs, especially now that their order book is so full.

CybAero recently signed a contract with Aviation Industry Corporation of China (AVIC) for the delivery of at least 70 systems in the next 8 years. The contract has a value of approximately SEK 700–800 million. In addition, CybAero has already received an order from ChinaCustoms for the delivery of a couple of systems. These systems will be operated from ships.

For more information, please contact:
Mikael Hult, CEO CybAero AB, tel: +46 (0)70-564 25 45, email: mikael.hult@cybaero.se
Rolf Schytt, Chief Operating Officer CybAero AB, tel: +46 (0)72-203 28 28, email: rolf.schytt@cybaero.se

About CybAero
CybAero develops, manufactures, and markets autonomous unmanned helicopters (VTOL UAVs) with associated sensor systems for use in both civil and military applications. CybAero was founded in 2003, but the foundations of its business were laid in 1992 through a research collaboration between Linköping University and the Swedish Defense Research Agency (FOI). CybAero is now established as a global VTOL UAV leader. The Company's APID product attracts much attention globally for being user-friendly, robust, and price-efficient. CybAero's head office is in the Mjärdevi Science Park, in Linköping, Sweden. The company has approximately 40 employees and has been listed on the NASDAQ OMX First North since 2007. Remium Nordic AB (08 - 454 32 00) is the company's certified advisor.