21. November 2022

Primoco UAV, Czech UAV manufacturer, announces sale of five UAVs.

Primoco UAV SE, Czech UAV manufacturer, has announced a signature of a new contract for the delivery of 5 Primoco One 150 UAVs to a European client with a total value of EUR 3.65 million.

The announcement of the new contract comes just a week after Primoco UAV SE announced the sale of 8 One 150 UAVs to a non-European customer, with an option for a further 16 UAVs. The company sold two aircraft to this European customer in October 2022. The total value of all contracts to date in the second half of 2022 is more than EUR 12 million (CZK 300 million). The company’s shares have gained nearly 12% since the beginning of the year on the Prague Stock Exchange, PX Start market.

“After seven years of hard work by determined colleagues, we can announce that the company is now profitable. Developing, manufacturing and certifying UAVs is a demanding task, but with a rewarding outcome. I am quietly pleased that we achieved our goal without a single crown of subsidies or debt. I am looking forward to announcing even more positive news soon”, said Ladislav Semetkovský, CEO and majority shareholder.

Primoco UAV SE develops and produces the One 150 civilian and military unmanned aircraft, capable of flying completely independently according to programmed flight plans.  The key features of the aircraft are its size, maximum take-off weight 150 kg, 15 hours endurance, 1800 km range, cruising speed 120 km/h, payload 30 kg and fully automatic take-off and landing.  The company focuses on civil and military aerospace applications, particularly in energy, border and coastal security, fire monitoring and search and rescue operations. The company’s aircraft is in operation on four continents. Primoco UAV is a publicly traded company on the Prague Stock Exchange in the PX START market.

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