Last year, despite the coronavirus crisis, Primoco UAV increased sales by more than nineteen times, reducing its operating EBITDA loss by almost three quarters to CZK 4.98 million. The favourable results are mainly due to new sales of unmanned aircraft and spare parts.
Leading Indian advanced technology company BEML and Czech innovation company Primoco UAV agreed on the cooperation in the field of Unmanned aerial technology. Both companies signed a Memorandum of understanding during the Aero India 2021 show and agreed to cooperate with an aim to establish a Center of excellence for unmanned technology for the region within the BEML organization. Both parties are fully following the Make in India policy and see a wide potential for rapid development of the cooperation allowing them to implement a common solution into several segments of the Indian economy and law enforcement and defence areas.
The company KARO Invest a.s. has successfully subscribed 2 978 shares to the existing shareholders in the first round of its public offer. This preferential subscription took place between 13th and 27th November 2020. This means the remaining amount of 294 000 shares (147 lots) will be available in the START-Public Offer system.
On 26th October 2020, the Czech company Primoco UAV SE was certified by the Military Aviation Authority of the Ministry of Defence of the Czech Republic as an approved production and development organization.