UAV Survey Contract

RNS Number : 3169R

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 £35,000.

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."

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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]
Nominated Adviser and Joint Broker
Stuart Gledhill Jeff Keating
Beaufort Securities Limited	Tel: [phone]
Joint Broker
Elliot Hance
Cornhill Capital Ltd	Tel: [phone]
Joint Broker
Colin Rowbury
St Brides Partners Ltd	Tel: [phone]
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. 

 

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