25 Nov 2015 11:00
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services
25 November 2015
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
Result of General Meeting
Strat Aero plc, the AIM listed international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ("UAV") sector, is pleased to announce that all resolutions were duly passed at the Company's General Meeting ("GM") held yesterday.
Tony Dunleavy, CEO Strat Aero, said, "We are transforming Strat Aero into the first fully integrated global solutions provider focused on the rapidly growing UAV market. The combination of UAVs and highly innovative software and sensors are revolutionising business practices in multiple sectors, and we are positioning Strat Aero to be at the forefront of this disruptive technology. In the short time since my appointment as CEO we have completed two key transactions: the acquisition of Geocurve, a specialist in the provision of UAV operated topographical surveys and inspection services to a blue chip customer base; and a joint venture with UAV training specialist, UAV Airways Limited. This is just the start and I look forward to providing further updates on our progress, as we build Strat Aero into the go-to provider of UAV solutions."
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For further information please visit www.strat-aero.com or contact:
Strat Aero plc | Tel: +44 (0) 1293 804741 |
Tony Dunleavy (Chief Executive) | |
Graham Peck (Chairman) | |
SP Angel Corporate Finance LLP | Tel: +44 (0) 20 3470 0470 |
Nominated Adviser and Joint Broker | |
Stuart Gledhill Jeff Keating | |
Beaufort Securities Limited | Tel: +44 (0) 20 7382 8300 |
Joint Broker Jon Levinson | |
Elliot Hance | |
Cornhill Capital Ltd | |
Colin Rowbury | +44 (0) 20 7710 9610 |
St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Frank Buhagiar Charlotte Heap |
Notes:
Strat Aero plc is a multi-divisional international aerospace services company, focussed 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. Civilian, law enforcement 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.