CybAero will be switching to a new executive venue for its shares by moving to Nasdaq Stockholm from Nasdaq First North in 2016, the company said in a statement on Friday after a recent board meeting in this regard.
CybAero has experienced strong growth in recent years and the board considers the move to Nasdaq Stockholm a natural step in the company’s development, the company said.
“Interest in CybAero’s shares has increased over the past year from both private and institutional investors. Being listed on Nasdaq Stockholm serves as a quality seal for the company and simultaneously creates better conditions for more institutional investors to be a part of the company’s continuing growth,” says Mikael Hult, CEO of CybAero.
CybAero develops and manufactures high-quality, cost effective systems that enable clients to operate from the air without putting people and property at risk.
The systems, Remotely Piloted Aircraft Systems (RPAS), consist of remotely piloted helicopters, ground stations, sensors and data links. The systems can be adapted to the specific needs of each client and can be used for civilian applications, such as coastal and border surveillance and search and rescue missions, as well as for defense applications such as mapping.
The company was founded in 2003, although its foundations were laid as early as 1992 through research collaboration between Linköping University and the Swedish Defense Research Agency (FOI).
CybAero’s core business consists of proprietary systems based on expertise. CybAero delivers its systems directly to end users or to strategic partners.