pta20240320016
Business news for the stock market

Frequentis AG: Faster drone flight approvals with FREQUENTIS automated risk assessment tool in Lithuania

Frequentis, skyzr & Oro Navigacija

Frequentis, skyzr & Oro Navigacija

[ Fotos ]

Vienna / Austria (pta016/20.03.2024/10:15 UTC+1)

  • Frequentis digital application to cut the Specific Operations Risk Assessment (SORA) process time by up to 75 per cent
  • Automated risk assessment will enable scalable beyond visual line of sight operations
  • World's first automated and digital risk analysis service as value add to an UTM system

Oro Navigacija, the air navigation service provider (ANSP) of Lithuania, is extending its Frequentis uncrewed traffic management (UTM) solution with a digital, automated risk assessment tool to speed up the classification of the risk posed by a drone flight in the specific category of operations and for the identification of mitigations and of the safety objectives.

The digital application from skyzr, a member of the Frequentis Group, is the world's first for automated risk analysis supporting drone operators with creating SORA according to the guidelines defined by the Joint Authorities for Rulemaking of Unmanned Systems and European Union Aviation Safety Agency (EASA), cutting operator process time by up to 75 per cent.

The service, called wingman, will be provided as a web- and mobile-friendly application to be integrated into the future Lithuania UTM system, once deployed and operational. It follows the strategy to create a complete drone environment as a one stop shop for value added drone-related services.

"In Lithuania, as with the rest of the world, the commercial need for scalable drone operations is increasing. Therefore, we are pleased to be able to support our Lithuanian drone industry by providing "wingman" as first additional value-add service to create digital risk assessments for faster flight permissions," said Saulius Batavičius, CEO Oro Navigacija. "We are pleased to continue working with Frequentis by extending our current UTM service portfolio, harnessing their experience from other drone integration projects, while incorporating the specific needs of our airspace."

In June 2023, Oro Navigacija selected Frequentis to provide its proven UTM solution for safe, efficient, and conformant introduction of drones into Lithuanian airspace as drone use cases grow.

"Automated and efficient risk assessments for drone operations will add value and safety to the ecosystem and, in particular, for emergency services. skyzr is pleased to be providing this additional digital service for the first ANSP in Europe to facilitate commercially valuable and lifesaving drone use cases. The extension of the wingman application, alongside the Frequentis UTM system, will further enhance safety and conformance and the ability for drones to scale with the perceived demand," says Markus Bardach, Managing Director skyzr.

About FREQUENTIS

Frequentis is a global supplier of communication and information systems for control centres with safety-critical tasks. The listed family company develops and markets its "control centre solutions" in the Air Traffic Management segment (civil and military air traffic control, air defence) and the Public Safety & Transport segment (police, fire brigades, emergency rescue services, railways, coastguards, port authorities). With a market share of 30%, Frequentis is the world market leader in voice communication systems for air traffic control. Frequentis is also the global leader in aeronautical information management and aeronautical message handling systems.

As a global player with around 2,200 employees (full-time equivalents/FTE), Frequentis has a global network of companies and representatives in more than 50 countries. Its head office is in Vienna, Austria. Frequentis' products, services, and solutions are used at more than 45,000 operator working positions in around 150 countries. Shares in Frequentis are traded on the Vienna and Frankfurt stock exchanges; ISIN: ATFREQUENT09, WKN: A2PHG5. In 2022, revenues were EUR 386.0 million and EBIT was EUR 25.0 million.

Wherever Frequentis' systems are used, safety-critical operators bear responsibility for the safety of other people and goods. The company also works towards a more sustainable future through its air traffic optimisation solutions.

For more information, please visit www.frequentis.com and www.skyzr.com

Jennifer McLellan, Global Media Relations Manager
jennifer.mclellan@frequentis.com, +44 2030 050 188

Barbara Fuerchtegott, Head of Communications/Company Spokesperson
barbara.fuerchtegott@frequentis.com, +43 1 81150-4631

Stefan Marin, Head of Investor Relations
stefan.marin@frequentis.com, +43 1 81150-1074

(end)

Emitter: Frequentis AG
Innovationsstraße 1
1100 Wien
Austria
Contact Person: Stefan Marin
Phone: +431811501074
E-Mail: stefan.marin@frequentis.com
Website: www.frequentis.com
ISIN(s): ATFREQUENT09 (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)
Other Stock Exchanges: Regulierter Markt in Frankfurt
|