Nordic Unmanned ASA (Euronext Progress: NUMND), a number one European drone know-how firm, at this time introduced that its Board of Administrators has voted to file for chapter. The corporate will submit a chapter petition to the Sør-Rogaland District Courtroom.
The choice follows the corporate’s incapability to safe mandatory funding to handle a vital liquidity scarcity. Nordic Unmanned requires an estimated €4 million to fulfill speedy monetary obligations. This shortfall stems from a number of contributing components, together with the lack of an anticipated tender, delayed funds for companies rendered, unexpected capital expenditures, and elevated financing wants inside its subsidiaries.
Regardless of in depth efforts to discover all viable choices, the corporate was unable to safe a sustainable monetary answer inside the required timeframe.
Based in Norway in 2014, Nordic Unmanned has been a distinguished participant within the drone business, specializing in superior drones, sensors, and AI-powered drone options. The corporate served a various clientele, together with authorities companies, protection ministries, safety purchasers, and company clients.
Headquartered in Sandnes, Norway, Nordic Unmanned additionally maintained places of work within the UK, Belgium, and Germany. The corporate employed roughly 100 folks.
Associated
Uncover extra from sUAS Information
Subscribe to get the most recent posts despatched to your e mail.
