Strat Aero appoints Dr Nigel Burton to its Board as Non-Executive Director

– UK, Gatwick – Strat Aero plc (AIM:AERO), an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle sector, is pleased to announce that Dr Nigel Burton has been appointed as a Non- Executive Director and Chairman of the audit committee with immediate effect.

Dr Nigel Burton has over 25 years’ experience in operational and financial management, debt and equity financing, acquisition and integration of businesses, disposals, IPOs and trade sales. Following over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the managing director responsible for the energy and utilities industries, Nigel has spent 15 years as Chief Financial Officer of a number of private and public companies, including Navig8 Product Tankers Inc, PetroSaudi Oil Services Limited, Advanced Power AG, and Granby Oil and Gas plc. Nigel is currently Chief Executive Officer of Nu-Oil and Gas plc and a Non-Executive Director of Management Resource Solutions plc, both of which are listed on AIM.

Nigel is a Chartered Electrical Engineer and a Past President of the IET. He has a B.Sc. (First Class Hons) in Electrical and Electronic Engineering and a Ph.D in Acoustic Imaging from University College London.

In addition, Mr Gerard Dempsey, Chief Financial Officer, has resigned from the Company and the Board would like to thank him for his contribution. Laura Grice, the Company’s Financial Controller will continue in that role and will report to the CEO. The Company will review the need for appointing a replacement Finance Director as Strat Aero’s business grows and develops.

Iain McLure, CEO of Strat Aero plc, commented, “We welcome Nigel to the Company, and his combination of experience and qualifications will be an asset to the Company going forward. The Strat Aero team continues to work with renewed vigour to deliver our strategic objectives of expanding our core Survey & Inspection and Education & Training divisions in 2018, in tandem with exploring complementary investment opportunities.”

Strat Aero plc is a multi-divisional international aerospace services company, focused primarily on the provision of complete client solutions in the Unmanned Aerial System (‘UAS’ market), which is predicted to show exponential growth over the coming decade. Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 and the global airborne Intelligence, Surveillance and Reconnaissance market estimated to grow to US$19.23 billion by 2023.

For more information : http://www.strat-aero.com

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