Primoco UAV, a Czech unmanned aircraft manufacturer, listed on the Prague Stock Exchange today
Prague, October 2, 2018 – Primoco UAV, the Czech producer of civilian unmanned aircraft One 100 and One 150, was listed on the Prague Stock Exchange today within the Start initiative.
Primoco UAV offered its shares to investors through a public primary offering (IPO) on the Prague Stock Exchange within the Start initiative. The public offering ended on October 2, 2018 at 12:00 o’clock. Investors subscribed for a total of 252,500 new shares, representing 6% of the company’s capital. The market capitalization is CZK 1,086,177,500.
“For Primoco, this is a very important moment in our history. We have been able to develop, test, certify and successfully start selling our aircraft worldwide. I would like to thank investors for their trust and I am looking forward to the future growth of the company,” said Ladislav Semetkovský, CEO and founder of the company.
Primoco UAV is a successful development company that completed its three-year development of the aircraft last year and was certified by the Civil Aviation Authority as an unmanned aircraft. The civilian Primoco UAV model One 100/150 is capable of flying completely independently according to programmed flight plans. The key features of the aircraft are its size, maximum take-off weight of 100/150 kg, 10 hours endurance, 1 500 km range, cruising speed of 100-150 km/h, payload of 50 kg and fully automatic take-off and landing. The company targets the aircraft at applications in energy, border and coastal protection, fire monitoring and life-saving search and rescue.