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 million.

Training of AVIC staff began on February 2. The training program covers basic technical management of the system and a review of how the system can meet the needs of customers. A total of nine people from AVIC are attending the two-week training program.

“The purpose of the training program is to give both technical and sales staff from AVIC basic knowledge and understanding of the system and its design,” says CybAero’s CEO Mikael Hult.

About CybAero

CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) and associated sensor systems for safer and more cost-effective operations in hazardous environments.
The company has made a great international impact with its APID 60 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 in the Mjärdevi Science Park, in Linköping, Sweden. The company has more than 40 employees and has been listed on the NASDAQ OMX First North since 2007. Remium Nordic AB is the company’s certified adviser.