Aerial & Maritime Ltd. and Flightradar24 AB enters into comprehensive Business Cooperation Agreement

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12/20/2016

Aerial & Maritime Ltd (”A&M”) a subsidiary of GS Sweden AB (”GomSpace” or the ”Company”) has entered a business cooperation agreement with the Swedish company Flightradar24 AB (”FR24”). A&M and FR24 intend to jointly identify new business opportunities and secure new customers and partnerships within a joint flight data service.

The cooperation between the parties shall form the basis for creating and enhancing market for both companies visibility and support a joint flight data service and establish sustainable business relationships in the professional aviation and air traffic management industry. The parties aim to develop and design a future joint flight data service, which shall be available as of the commencement of A&M’s space based infrastructure.

Flightradar24 AB is a flight data service provider that collects, merges and distributes positional aircraft data such as ADS-B.

A&M will have its first operational subsidiary in Accra, Ghana. The official registered address of A&M is in Port Louis, Mauritius.

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