Strat Aero PLC UAV Survey Contract

TIDMAERO

Strat Aero PLC

20 September 2017

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

Strat Aero plc ("Strat Aero", the "Company" or the "Group")

UAV Survey Contract

Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ("UAV") sector, is pleased to announce that it has secured a contract with ACAD Design and Surveys Ltd, a leading industrial and architectural design and survey company with a blue-chip client base including the Post Office, to provide a UAV survey in Aberdeen, Scotland. The contract was secured through Strat Aero's wholly-owned subsidiary Geocurve, which is a specialist in providing survey and inspection services using UAVs, as well as using ground- and water-based survey equipment.

Geocurve has been awarded this contract to survey a vast parcel of land utilising its Extended Visual Line of Sight (EVLOS) permission from the Civil Aviation Authority. Geocurve will apply its extensive survey experience to capture all necessary data, 3D data and UAV imagery, to enable the design phase of a new multi mullion pound development. The initial contract is worth GBP35,000.

Gary Nel, Managing Director of Geocurve, said "We are delighted to have been awarded this contact and are keen to form a partnership with ACAD Design and Surveys Ltd on future larger contracts. The complexity of this survey showcases Geocurve's expertise in the highly specialised UAV survey arena, with our senior pilot flying under EVLOS permission. It is this expertise which continues to generate business for us - both through existing contracts with major blue-chip companies and government agencies, and with new customers looking for UAV flight proficiency coupled with state-of-the-art analytics techniques."

Paul Troup, director at ACAD Design and Surveys Ltd said, "We are constantly looking for ways to use new technology to serve our customers better. Geocurve's UAV survey and data analytics are a great example of innovation that can help our customers."

- ENDS -

For further information please visit www.strat-aero.com or contact:

 
 Strat Aero plc                   Tel: [phone] 
 Graham Peck (Chairman) 
 SP Angel Corporate Finance LLP   Tel: [phone] 
                                   0470 
 Nominated Adviser and Joint 
  Broker 
 Stuart Gledhill 
  Jeff Keating 
 Beaufort Securities Limited      Tel: [phone] 
                                   8300 
 Joint Broker 
 Elliot Hance 
 Cornhill Capital Ltd             Tel: [phone] 
                                   9610 
 Joint Broker 
 Colin Rowbury 
 St Brides Partners Ltd           Tel: [phone] 
                                   1177 
 Financial PR 
 Frank Buhagiar 
 Susie Geliher 
 

Notes

Strat Aero plc is a multi-divisional international aerospace services company, focused primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade. Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 20, 2017 09:00 ET (13:00 GMT)