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Cybaero

Sweden rejects Chinese export request for CybAero UAV for fisheries work

Sweden rejects Chinese export request for CybAero UAV for fisheries work

First North listed CybAero AB, which develops and manufactures remote-controlled helicopter systems, October 21, 2016 applied to the ISP, Swedish Inspectorate of Strategic Products, for export authorization of demonstration flight UAS in China. The application concerns one helicopter system and the demonstration is addressed to the Administration of Fishery and Fishing Supervision. The deal’s representative… Read more »

Source: CybAero, 22-Feb-17

CybAero delivers three helicopter systems to China

CybAero delivers three helicopter systems to China

1 Sep, 16 Source: CybAero The three systems of unmanned helicopters meant for the Chinese Customs, and ordered by Jolly have been delivered from Linköping today. It has been further agreed that CybAero will send a flight team to China to train the end-customer’s staff and to be on-site for the implementation of the final… Read more »

Source: CybAero, 02-Sep-16

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CybAero joins Commercial Drone Alliance

CybAero joins Commercial Drone Alliance

Swedish drone manufacturer CybAero is proud to announce that it has joined the Commercial Drone Alliance — an American non-profit dedicated to helping commercial enterprises adopt drone technologies while also addressing the perception and policy issues around drones. “We are thrilled to be joining an organization that is opening one of the world’s biggest markets… Read more »

Source: CybAero, 03-Aug-16

CybAero appoints new North America Sales Director

CybAero appoints new North America Sales Director

CybAero has selected Mr. Brian Lawrence to be the new Sales Director, North America. He assumed the position on June 7th, 2016. “With his broad expertise and experience within the aerospace industry, especially within the industry of selling unmanned systems, we are confident that Mr. Lawrence will contribute to future sales and marketing of the… Read more »

Source: CybAero, 17-Jun-16

CybAero appoints new CFO

CybAero appoints new CFO

CybAero has hired Mikael Smith as the new CFO, and will take up the position on September 1st, 2016. “We are delighted that Mikael has accepted the position as CFO. With his broad expertise, we are confident that he will contribute to the development of the company, “says CybAero’s CEO Rolf Schytt. Mikael Smith is… Read more »

Source: CybAero, 01-Jun-16

CybAero performs test campaign from Swedish Navy corvette

CybAero performs test campaign from Swedish Navy corvette

During the last week of April CybAero ended an extensive test campaign with their ship based system APID One. The clients of the campaign were FMV (the Swedish Defence Procurement Agency) in collaboration with the Swedish Navy. The campaign has been going on for over a year and ended with numerous flights during week 17,… Read more »

Source: CybAero, 03-May-16

CybAero appoints new chairperson

CybAero appoints new chairperson

The Board of Directors of CybAero AB has appointed Deputy Chair Anna Öhrwall Rönnbäck to serve as the new board chair, effective January 1, 2016. The board also appointed Göran Larsbrink as the new vice chair. Former chair Claes Drougge will stay on as a regular board member. About CybAero  CybAero develops and manufactures Remotely… Read more »

Source: Cybaero, 05-Jan-16

Cybaero postpones UAV deliveries to China Customs

Cybaero postpones UAV deliveries to China Customs

Delivery of three unmanned helicopter systems to China Customs has been rescheduled for early 2016 in consultation with the client. Delivery was originally scheduled for late 2015 following extensive testing in the Baltic Sea with takeoffs and landings from moving platforms. The delay was caused by additional requirements and features and the fact that the… Read more »

Source: CybAero, 04-Jan-16

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CybAero conducts private placement to strategic investors

CybAero conducts private placement to strategic investors

The Board of Directors of CybAero has resolved to conduct a private placement of 2,749,000 shares to Subversive Capital LLC. The resolution is subject to approval at an extraordinary general meeting on December 30, 2015. In addition, it is proposed that the extraordinary general meeting also resolve to elect two representatives of Subversive Capital to… Read more »

Source: CybAero, 16-Dec-15

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CybAero has gained a major shareholder

CybAero has gained a major shareholder

Swedish unmanned helicopter company CybAero, which is listed on Nasdaq OMX First North in Stockholm, has gained a new shareholder. Subversive Capital, a US fund, has acquired the remainder of California-based AeroVironment’s CybAero holding. “We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely… Read more »

Source: CybAero, 18-Sep-15

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CybAero completes acceptance tests on first Apid-60 UAV for China Customs

CybAero completes acceptance tests on first Apid-60 UAV for China Customs

CybAero, which develops and manufactures remotely piloted helicopter systems, received an order in January 2014 for three systems to China Customs. The systems will be based on three new ships and used for applications such as customs control, port management and anti-smuggling operations. CybAero completed the tests and trials for the first system which will… Read more »

Source: CybAero, 04-Jun-15

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CybAero’s demonstration flights in China a success

CybAero’s demonstration flights in China a success

CybAero and AVIC signed a framework agreement that entails AVIC purchasing at least 70 helicopter systems over the next eight years, giving the agreement a sales value of approximately SEK 700–800 million. AVIC placed a call-off order for the first five systems under the agreement on March 31 this year. AVIC is now targeting additional… Read more »

Source: CybAero, 30-Apr-15

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CybAero Granted Export License For Demonstration Flights In China

CybAero Granted Export License For Demonstration Flights In China

First North-listed CybAero, which develops and manufactures remotely piloted aircraft systems, has been granted a temporary export license by ISP (Inspectorate of Strategic Products) for demonstration flights in China. These demonstration flights will be jointly carried out with the Aviation Industry Corporation of China (AVIC) in April and May for selected potential clients. In July… Read more »

Source: CybAero, 08-Apr-15

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CybAero receives first call-off order from Chinese AVIC

CybAero receives first call-off order from Chinese AVIC

First North-listed CybAero, which develops and manufactures remotely piloted helicopters with associated sensor systems, received its first call-off order for five systems from Chinese AVIC today. In July 2014, CybAero announced that it received an order with a guaranteed minimum value of SEK 700–800 million under an 8-year framework agreement with a company within the… Read more »

Source: CybAero, 01-Apr-15

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CybAero extends factory testing for delivery to China Customs

CybAero extends factory testing for delivery to China Customs

First North-listed CybAero, which develops and manufactures remotely piloted helicopters with associated sensor systems, commenced factory testing with the client just over a week ago.The parties have agreed to extend the testing period to early May because the system integration has taken more time than planned, and this affects the testing process. “We commenced factory… Read more »

Source: CybAero, 01-Apr-15

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CybAero begins training for Chinese partner AVIC

CybAero begins training for Chinese partner AVIC

CybAero signed a framework agreement with a company belonging to the Aviation Industry Corporation of China (AVIC) on July 2. The framework agreement entails a commitment by AVIC to purchase at least 70 of CybAero’s unmanned helicopter systems over the next eight years. The framework agreement is expected to be worth at least SEK 700-800… Read more »

Source: CybAero, 05-Feb-15

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Swedish Armed Forces to test CybAero RPAS from Visby corvette

Swedish Armed Forces to test CybAero RPAS from Visby corvette

First North-listed CybAero has been selected by the Swedish Defence Materiel Administration (FMV) to conduct test and demonstration flights from Sweden’s world-leading Visby class corvette in Q3, 2015. Sweden-based CybAero was chosen ahead of other international competitors. It is estimated that the flights, which will employ CybAero’s APID helicopter systems, are to be conducted by… Read more »

Source: CybAero, 03-Dec-14

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CybAero receives positive preliminary decision from ISP for exports to China

CybAero receives positive preliminary decision from ISP for exports to China

First North-listed CybAero has received a positive preliminary decision from ISP (the Swedish Agency for Non-Proliferation and Export Controls) for its application to export to a Chinese commercial end customer. In July 2014, CybAero signed a framework agreement with Chinese company AVIC for the delivery of at least 70 helicopter systems in total within the… Read more »

Source: CybAero, 24-Nov-14

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CybAero Completes Contract with Indra

CybAero Completes Contract with Indra

First North-listed CybAero has now delivered the last helicopter to Spanish IT group Indra. CybAero and Indra entered into an agreement in 2009 that has included helicopter systems with the capability to take off and land from ships. CybAero signed a co-development agreement with Spanish IT group Indra in August 2009. The agreement included the… Read more »

Source: CybAero, 24-Nov-14

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CybAero applying for new export license after rejection

CybAero applying for new export license after rejection

CybAero signed a framework agreement with Chinese company AVIC for delivery of at least 70 helicopter systems in total, with at least 20 in the first three years and at least 50 the following five years. CybAero applied for an export license from ISP on September 8th and supplemented its application on September 30th with… Read more »

Source: CybAero, 23-Oct-14

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Swedish CybAero lands order for unmanned helicopters worth SEK 700-800 million to China

Swedish CybAero lands order for unmanned helicopters worth SEK 700-800 million to China

First North-listed CybAero, which develops and sells unmanned helicopters, has received an order guarantee worth SEK 700-800 million through an eight-year framework agreement. The order has been placed by a company in the Chinese AVIC group, one of the world’s largest companies which develops and manufactures aircraft and various types of flying vehicles and has… Read more »

Source: CybAero, 03-Jul-14

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AeroVironment becomes shareholder in CybAero

AeroVironment becomes shareholder in CybAero

CybAero, which develops and markets unmanned helicopters, has a new partner. It is the American partner AeroVironment, AV, who has converted one of its two loans.  AeroVironment will thus acquire in CybAero of 8.5 percent, making them the largest shareholder in the company. The loan of 10 million, now converted into 1,062,699 shares were issued by… Read more »

Source: CybAero, 04-Mar-14

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AeroVironment invests in CybAero to gain US/NATO selling rights

AeroVironment invests in CybAero to gain US/NATO selling rights

AeroVironment, Inc. (NASDAQ: AVAV) today announced it has entered into a strategic relationship with Sweden-based CybAero AB (NASDAQOMXS: CBA) to develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned aircraft system in response to unmet requirements from multiple customers. The relationship gives AeroVironment exclusive rights to provide CybAero AB systems to United… Read more »

Source: AeroVironment, 04-Dec-12

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CybAero AB to support UV India 2012

CybAero AB to support UV India 2012

Following the success of the inaugural UV India event 2011 produced by Shephard media and Indian Military Review we are pleased to announce that CybAero AB have confirmed their support as a sponsor and speaker for UV India 2012. The 2011 event, held in New Delhi drew a large number of participants to both the conference and exhibition. Speakers… Read more »

Source: Shephard media, 14-Mar-12

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CybAero performs UAV missions in the Arctic Ocean

CybAero performs UAV missions in the Arctic Ocean

Swedish UAV manufacturer CybAero AB, listed on NASDAQ OMX First North in Stockholm, in collabora6on with the Norwegian Coast Guard and Coastal Agency, has conducted a series of flights with its unmanned helicopter, the APID 60, in winds up to gale force. The flights took place over the Arc6c Ocean, near the Norwegian village of… Read more »

Source: CybAero, 06-Jan-12

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Indra Develops Unmanned Helicopter for Naval Missions

Indra Develops Unmanned Helicopter for Naval Missions

Indra, with the support of the Ministry of Industry, Commerce and Tourism along with the Ministry of Defence, started up an R&D project to develop an Unmanned Aircraft System (UAS) of rotary wings and with dual character, either for civil or defence fields. The system will be launched in 2012 and will be one of… Read more »

Source: Indra, 09-Apr-10

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