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Prague, February 21, 2022 – Primoco UAV SE declares that it has ceased its actions within the Russian Federation as of January 31, 2022 and bought 100% of its shares in its subsidiary AO Primoco BPLA. The one cause for this determination is the sanctions regime in opposition to the Russian Federation and the impossibility of acquiring the export license wanted to function its drones. Within the native market, the corporate centered completely on offering aerial work, DaaS providers (drone-as-a-service), within the civil sector.
“Diplomatic relations between the Czech Republic and the European Union on one hand and Russia alternatively are at a low level. In consequence, we can’t meet our commitments and develop our enterprise within the Russian market. In 2022 alone, AO Primoco BPLA misplaced contracts value RUB 1 billion (EUR 12 million). I don’t count on any main enchancment in relations between Europe and Russia within the foreseeable future, so we’ve got determined to take this determination and promote 100% of the shares,” mentioned Ladislav Semetkovský, CEO.
Concerning the Firm
The Czech firm Primoco UAV develops and manufactures civilian and navy unmanned plane One 150. These are plane able to flying utterly independently in line with programmed flight plans, together with absolutely automated take-off and touchdown. One of many key options of the plane is its distinctive endurance, because of which it may possibly spend greater than 15 hours continuous within the air at a cruising pace of 100-150 km/h which represents a spread of as much as 2,000 km. With a most take-off weight of 150 kg and a payload of 30 kg, the One 150 can be utilized for a variety of deployments in each civil and navy operations. The corporate’s plane is presently used on three continents for inspections of product pipelines and distribution networks within the vitality sector, guaranteeing border and coastal safety, monitoring fires or in search and rescue operations. Primoco UAV SE is a publicly-traded firm on the Prague START market.
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