Morning everyone, and welcome to Nordic Unmanned's third quarter 2023 presentation and business update. While you read our disclaimer forward-looking statement, we'll introduce our, ourselves. My name is Stig Christiansen, I'm the CEO. Something happened on the screen, sorry. My, my name is Stig Christiansen, I'm the CEO in Nordic Unmanned, and with me, I have my good colleague. Lars Landsnes, CFO, in Nordic Unmanned. Recently promoted CFO as late as yesterday. So together, Lars and I will do the presentation in split sections. So I'll start, and then Lars will take over, and I will come back at the end. Looking at the agenda, this is what we will take you through today. Highlights for the quarter, a business update, financials, of course, for the quarter and year to date, strategy and outlook, and of course, at the end, a summary. And hopefully, we have been able then to tell you what we're going to tell you - tell you what we're going to tell you, and sum up at the end what we have in fact told you. And that will be the test of the extent to which we have been clear in our communication and material. Moving on, starting with the highlights in the quarter. In short, we had revenue growth and improved Adjusted EBITDA in the quarter, as well as year to date. I think importantly as well, we had positive operating or cash flow from operations in the quarter, which is the second quarter in a row with positive cash flow from operations. Importantly also, we started deliveries of our Heimdal sensors from our OEM in Germany, AirRobot, under the so-called TIQUILA contract for Lockheed Martin. That commenced in the quarter. When it comes to the AR100 UAS or drone, to make sure, you understand, what I'm talking about, Unmanned Aircraft System, that is currently undergoing certification for Bundeswehr. This is the Mikado 2 contract, and we plan to start delivery of those, drones to the Bundeswehr this quarter in Q4. We also had very high flight activities, and basically by the end of the quarter this year, we surpassed the total flight hours flown last year. And last but not least, very importantly for the company's stability and development going forward, we are very pleased that we were able to complete the refinancing of the company in October this year. We will come back to details on all of these points, of course. But first, a little bit more on business update. We are proud of being part of the Nordic Unmanned team, Nordic Unmanned being a leading European manufacturer and certified operator of unmanned aircraft systems. Our purpose, which I'm very proud of on a personal level, although not invented, invented by myself, is above all, we protect values and lives. We also believe that we have a very clear strategy, which is, in essence, to work as hard as we can going forward to deliver controlled and profitable growth by providing, number one, quality UAS solutions, drones, as well as actionable data by flying drones for maritime security and defense applications, primarily to governmental agencies and large corporates in Europe, with Europe as the main geographical focus. We have a very competent and dedicated organization, of experienced personnel with different backgrounds, who are also very focused on safety, compliance, and not least, taking care of and delivering our promise to our clients on a day-to-day basis. Also, our key technology partners is something we are proud of and extremely focused on protecting and developing going forward, which includes the likes of Lockheed Martin, Textron, Schiebel, Sky-Hero. Of course, our quality clients, exemplified by Lockheed Martin, EMSA, Port of Antwerp in Belgium, Bundeswehr, to mention some key important clients. Moving on, our business is organized into three strategic business segments. To the left, you see the flight services, where we fly technology-agnostic drones produced by our technology partners. And then to the right, you see our two OEMs, Original Equipment Manufacturers, respectively, AirRobot in Germany and DroneMatrix in Belgium. We will, of course, come back to each segment in more detail, both in terms of business and financials. Starting with flight services. Within flight services, we deliver integrated services with a wide range of capabilities. As I said earlier, we are technology agnostic. We fly drones produced by technology partners, pending the client requirements for any particular mission or contract, largely in Europe. We are a certified operator, which means we're flying under a so-called LUC, i.e., license to fly from the aviation authorities, the CAA in Norway, and we are generally providing general surveillance and providing clients with real-time live stream data, which is used for the purposes of migration control or migration monitoring, fishing vessels and fishing control. Marine pollution and also air pollution. We are currently, as an example, stationed on 12 marine vessels across Europe, standby in case of any marine pollution situations occurring. We're very proud of being able to deliver on our mission, our purpose and mission, as we fly across Europe for the governmental agencies, and doing what we can to protect the environment and protect people. Here in Sandnes, where we are currently, we also have an operations room with dedicated colleagues who are then in close contact with our colleagues on the ground, where they fly the missions, and also in contact with clients as and if required. So we have a, an increasingly digital, and remote support in the future, probably also increasingly remote operations. We believe that long-term, the industry will develop along the lines of manned aviation, such that companies like Nordic Unmanned, being a leading flight operator, will be flying more and more missions using different type of drones or UAS's produced by dedicated UAS producers, just like in manned aviation. Moving on to the original equipment manufacturer, AirRobot, in Germany. AirRobot is a pioneer in the, in the industry of producing, purpose-built, drones, for the protection of lives and values, being in business for nearly 20 years. The two most recent milestones you see at the bottom of the slide. In 2022, AirRobot was awarded the Bundeswehr Mikado 2 contract, which is about delivering, UAS AR100 drones to the Bundeswehr. Also this year, earlier this year in 2023, AirRobot was awarded the TIQUILA contract for Lockheed Martin to deliver the Heimdal payload or sensor that is attached to the drones, and used to gather actionable data. We started deliveries of the Heimdal sensors under the TIQUILA contract now in Q3. Here we see examples of the two main products currently delivered by AirRobot. To the left, you see the actual drone, a lightweight drone, carried in a backpack with all the necessary equipment attached. Something which is very easy to take apart, but equally important, very easy to put together, even with your winter gloves on, such that it can be a swift protectionary equipment for people and assets in the field. To the left, you see the Heimdal sensor. The picture to the very left, you see the actual sensor, and to the next to the right, sorry, you see the Heimdal sensor sitting underneath a drone. And as I said earlier, we started delivery of these Heimdal sensors payloads to Lockheed Martin now in Q3, and that will carry on going forward. In Belgium, DroneMatrix. To the right, you see the key offerings. You see the JACOB surveillance drone, a lightweight drone, and the picture below shows the drone in a box, i.e., where the JACOB is, in essence, stationed inside a self-contained box where it is charged but also controlled in terms of flying missions. And then to the left, to the... at the bottom, you see a picture of the cloud-based control center. You also see that to the left. So the drone-in-a-box solution is a remote solution. For our clients, we can sell the actual drone, drone-in-a-box, or increasingly, we might sell services, flight hours, by various clients using our services, as we have stationed drone-in-a-box solutions across various areas. A good example of that is the Port of Antwerp, where we currently have six drone-in-a-box stationed, and various clients operating inside Port of Antwerp are able to buy them services, flight hours, from us using the drone-in-a-box solution. We take, ESG, and sustainability extremely important in Nordic Unmanned. Our business model at the outset is such that, our, equipment, drones, our missions are, are leaving a very low environmental footprint compared to the traditional manned aviation as the alternative to gather, information from the air. The main environmental footprint from our operation today is, in essence, our own people flying around Europe to support missions on the ground. Going into the future, as we develop more and more remote operations, we expect that footprint to gradually come down. Equally within AirRobot and DroneMatrix, we are very focused on using material that are sustainable. We are very focused on sustainability in the way we set up our production facilities and produce the equipment, and also in terms of how we maintain in order to do what we can to contribute to recyclability and protect the environment. Moving from environment to social and governance, equally important, very proud that we are, have a partnership with a local school here in the region, and the fagskole for so-called drone studies. Last week, we had a very young student in our office. We have one this week, who are then going to school, but they are out placed with us for a certain period of time to learn about the actual industry and the technology and how we work. Proud that we are hosting, on an annual basis, the Drone Safety Summit here in Norway, together with Avinor. Obviously, like in any industry, safety comes first, and we have so far zero recordable incidents or LTIs in Q3. In terms of governance, we, of course, are compliant with the Transparency Act, and we will continue to do our best to abide by any international law, including anti-corruption and human rights compliance. I think with that, I will leave the word to Lars Landsnes, who will take you through the financials. Lars? Thank you, Stig. Now we're going into the financials of the quarter. The quarter revenue came in at EUR 6.1 million compared to EUR 5.5 million same quarter last year, which is an increase of EUR 600,000 or 11% year-over-year. AirRobot's revenue grew by EUR 1.8 million in the quarter compared to last year, which is a 323% increase year-over-year. Most of that increase comes from the two main contracts, TIQUILA and Mikado 2, which are progressing well. There was lower revenues in the flight services area segment and of EUR 1.2 million, which is a reduction of 23% year-over-year. We had a 22% increase in the flight hours, but this was offset by the contract and the fleet mix we have. Hence, there is a reduction in revenues of EUR 1.2 million. Adjusted EBITDA came in at EUR 930,000 for the quarter, compared to a negative EUR 1.2 million last quarter in 2022, which is an improvement of EUR 2.2 million. This comes from higher volumes in AirRobot, where we're meeting milestones on the TIQUILA and the Mikado contracts. In the flight services, efficiency measures and cost reductions in respect of reduction in crewing, per operation and support functions, is now taking effect. In addition to that, the group overhead staff has been reduced, compared to last quarter same quarter last year. With the breakdown of the revenue, and EBITDA per segment, the flight services business came in at EUR 3.7 million for the quarter, while the OEM businesses came in at EUR 2.8 million. So currently, flight services for the quarter was 55% of the total revenue, while the OEM business was 45%. Adjusted EBITDA per segment before group cost, the flight services business came in with a positive EUR 1 million, while the OEM businesses came in total in with a positive EUR 1.6 million. In our balance sheet, our total assets ended the quarter with EUR 43.3 million, with a book equity of 26.9%. The group had EUR 205,000 of cash, in addition to EUR 1.3 million of undrawn overdraft facility. We also divested Ecoxy in Q3 with a gain of EUR 508,000. Importantly note, post-balance sheet event, in October 2023, we completed a refinancing with our lenders, combined that with a gross NOK 70 million of equity raise, which provides us a strengthened capital structure and financial flexibility going forward. We had marginal cash change in the period. There is underlying improvements with EUR 3.2 million positive cash flow from operation in the quarter, where EUR 1.8 million comes from change in working capital. Flight services invested EUR 2.4 million in Textron Aerosonde system, for getting ready for the OP5 contract for EMSA, which is planned to start operations in Q2 2024. There will be additional CapEx in excess of EUR 3 million for getting ready for two operations for the Textron for the EMSA OP5 contract with the Textron Aerosonde hybrid quad system. Net cash changes from financing relates to the payment of drawdown on credit lines. As we said, we finished a new financing structure in Q3 of 2023 where we had a private placement of NOK 70 million. And we are contemplating raising up to NOK 35 million in new equity through subsequent repair, which will start on Monday, the 13th of November. The new agreement with the secured lenders has improved conditions where the interest margin on the main loan facility is reduced from 5%- 3.5%. We will pay the first interest in Q2 2024. We have a reduction in installments of EUR 7.2 million in the period next four years, the period of 2023-2027, where quarterly installments changes from EUR 620,000- EUR 400,000. First installment will be in Q3 2025. Over the period of 2024-2027, our debt services commitment is limited to EUR 7.4 million, with current rates. Going into the segments, flight services came in with a revenue of EUR 3.7 million in the quarter, compared to EUR 4.9 million in the same quarter last year, which is a reduction of EUR 1.2 million or 23%. The quarter had 1,768 flight hours, which is an increase of 22% year-over-year. The lower revenue is due to contract and UAS mix or drone mix. Adjusted EBITDA before group cost came in at EUR 1 million, compared to EUR 900,000 same quarter last year. The improvement of EUR 1.1 million is due to the cost measures and efficiencies, which is implemented in the flight services. AirRobot came in with an operating revenue of EUR 2.4 million versus EUR 556,000 in Q3 2022, which is an increase of EUR 1.8 million, or a 323% increase year-over-year. Where we now started commencing deliveries under the TIQUILA contract with the Heimdal, as you see on the right-hand side here. And the AR100 contract deliveries for Mikado 2 is progressing well. Quarterly EBITDA, before group costs, came in at EUR 1.5 million, which is an improvement of EUR 1.5 million compared to same quarter last year. The quarter came in with a margin of 65%, as deliveries and certification processes in respect of the AR100 and the Tech the Heimdal sensor it gains significant progress. DroneMatrix revenue came in at EUR 426,000, which is an increase of EUR 0.4 million year-over-year. Main revenue streams comes from the Counter UAV project for a large financial institution in Belgium, and the project and contract for Port of Antwerp, which is an ongoing contract. EBITDA, before group cost, came in at EUR 60,000, compared to a negative EUR 186,000 in Q3 2022, and the improvement in DroneMatrix year-over-year is due to higher activity. That concludes the financial update, and I'll leave it back to Stig. Thank you, Lars. That was, well done. Of course, the effects of the actual refinancing that Lars talked to, you will see in, Q4, as it was concluded in October. Also, I forgot to say at the introduction that, there will be, an opportunity to ask questions along the way. So after we have finished the presentation, we will see if there are questions, and we will do our best to respond to those questions. Moving on to strategy and outlook. We are clearly operating in a, in a, maybe futuristic is the wrong word, but it's certainly a part of the future to fly UAS or drones for a whole, series of different purposes to protect values and lives. This is just a snapshot of one source, MarketsandMarkets 2022, of an anticipated growth in spend for drone services to the top and also products at the bottom. So if this is close to the truth, then clearly the future in general is looking good for quality operators and producers or manufacturers, sorry, in the UAS industry. It's also important to note the market drivers to the right. There is an increasingly favorable regulatory environment in Europe. It's a relatively emerging industry. Clearly, regulations are important. That's positive. There is increased demand for drones following greater scopes of application, and we believe that will continue to develop. Obviously, continuous advancements in drones and drone technology is important. We learn from flying. Manufacturers take the learning into their design and their construction of the drones, and, and therefore, uptime, to put it that way, stability and safety will continue to increase going forward. That's very important. Certainly, if you're going to fly over populated areas as opposed to over unpopulated areas. Improved awareness and education in general is critical. The environmental benefits we talked earlier, that's important for a sustainable future, and of course, the cost savings, and not least, the efficiency gains attached to using this type of technology, and the, and the safety benefits for our clients, are also key demand drivers. So I think it's fair to say that the general outlook is very positive. The key is: when is that future here, and how do we, in the meantime, position, continue to position the company and make sure that we are well-placed to benefit from that development? While we wait for that future, or as the future emerge, it's good to know that we have some contract backlog to provide a basis as we operate in the next quarters and near-term years. So total backlog at the end of the quarter, end of Q3, 2023, to be precise, was EUR 57.6 million, split between what we anticipate to be likely call-offs under frame contracts, EUR 41.9 million, and specific contracts received purchase orders of EUR 15.7 million. The graph is telling you that we anticipate to consume around EUR 21.5 million of that next year, i.e., in 2024, and then EUR 17.3 million in 2025, and EUR 13.4 million in 2026. Obviously, we need to work hard to add order backlog and contracts on top of that in order to take the company forward, and we are. Short on strategy and outlook as a summary, our strategy, as I addressed at the start, is, in our opinion, very clear. We know exactly what we need to do. We just need to execute, and that's the key. Our goal is clearly for our shareholders to deliver controlled and profitable growth by providing quality UAS solutions and actionable data for maritime security and defense applications to quality clients, governmental, large corporates in Europe, focusing primarily on Europe. Hereunder, one thing we need to continue to do is to optimize what we call commercial uptime within our business segment, flight services. That means we need to fly as much as possible. And in the future, as technology develops, the drones or the UASs will be more weather and wind resistant. That will help us and the industry, but that is, of course, critical. In addition, we need to work hard to add contracts and add volume because this is, to some extent, a volume business. We need volume to generate profits and margins. We can say right now that we are working on going forward to more directly allocate SG&A or group cost to the segments. We will then see that in terms of the various segments, the biggest or the largest challenge we have in terms of volume is to generate more volume within flight services in order to make that segment in isolation profitable. We'll come back to that in the next quarters. Another thing is to reduce seasonality in our business model. Again, largely due to weather conditions, than it's like in the rig business where I used to be. We fly mostly in Q2 and Q3, and that is a bit of a challenge. We would like to fly also in Q1 and Q4, to cover our costs, but also to provide service to our clients and increase volumes and profitability. We're working to reduce our excess inventory. We are working to reinforce our position as a reseller of technology produced by our technology partners. We are also, in the future, looking more and more into a mix of leased and owned assets or owned UASs, UAS platforms for our flight services. Sorry about that. When it comes to the outlook, looking to the right, generally positive outlook for the UAS products and services industry, as I showed you earlier. I think that's quite evident. The demand drivers are clearly supportive. We do anticipate several tenders relevant for flight services in 2024, and if successful, they will start to have effect from 2025, sometime in 2025. We also expect, of course, tenders for the OEMs, DroneMatrix and AirRobot, but the business is somewhat different. Let's just say that now that the lead time normally for bids for flight services is quite long due to the nature of the clients we have. So if we are invited in to tender late this year or early next year, then it takes a year, a year plus, before it becomes operational. The lead times within the OEMs is normally much, much shorter, and that is also, to some extent, the synergy in the group, in addition to, of course, the OEM business being less or not seasonal, as the case is in flight services.... We see a growing interest in the products and services offered by our OEMs, AirRobot and DroneMatrix, given the position they have in the industry and the quality of the products and services that they offer. When it comes to guiding for the calendar year 2023, which is coming to an end, we decided to stick to the revenue target for the full year of revenues between EUR 22 million and EUR 25 million. The revenue range is provided to allow for weather, that I talked to, but also timing of activity. That means timing of flight missions, but also timing of progress of delivery from our OEMs in Germany and Belgium. We are still working very, very hard to close the last gap to be able to come within that range by the end of the year, and we will do our utmost in the next weeks to deliver on that. So in summary, we have increased capacity in the quarter and year to date. We do see the effects of reduced costs in the quarter and to date, and we had positive cash flow from operations for the second quarter in a row, which is a positive. We have an estimated order backlog of EUR 57.6 million, which provides a good basis for the periods ahead. But obviously, we need to... In addition to maximizing that to the fullest extent, we need to build order backlog and get more contracts in order to turn the company profitable. We were, as Lars elegantly talked to, refinanced in October, so you see the effects of that in Q4, and of course, that provides us with the strength and capital structure and financial flexibility. As I said, we are working to reduce seasonality in our business model, specifically in drone services, and we believe we have a clear strategy and that we are well-positioned in the market with a generally positive outlook. So we will do our best based on what we see as competitive strengths in Nordic Unmanned. We have the license to fly, we have great product companies, we have great technology partners, and we have great clients, and the market outlook is positive. So the opportunities are there, and I guess to some extent, it's up to us to grasp the opportunities and do our best to capitalize on the strengths and the opportunities in the years ahead. So I think with that, Lars will join me again, and then we'll see if there are any questions. Thank you. Yeah, that'll be a [audio distortion]. Sorry. Yeah, sorry about that. The question disappeared, and I was a bit interrupted. Here it is again. So, the question is: What is included in the adjusted part of EBITDA, and what is therefore unadjusted EBITDA? Lars? Yeah. For the quarter three, there is no change between adjusted EBITDA and EBITDA. We had adjustments in Q2, which were related to restructuring costs following Q1 and Q2 of the year, in addition to provision for the restructuring of the group financially during the strategic review during Q3. Good. Are there any other questions? No other questions. Yeah, we have had some questions in advance. Should we pick a couple of those via email? For those of you who want to stay on for two more minutes, we can, for sake of order, mention them, mention them. Then I need to put on my glasses. So one question is, which I believe you have addressed, Lars, but for sake of order: Are all the costs related to the strategic review process taken in the Q3 accounts? That is correct. We actually took a provision in Q2 of EUR 1 million for the strategic review cost. Good. There is also a question related to: What is the accumulated value of the tenders that we are currently working on? And that is a good question. We respect that, but it's a question we don't really want to be too precise on. Let's be honest, though, there's been a while since we have announced new contracts, and that's the way it is in the industry. It's a bit, it's a bit lumpy, if you understand what I mean by lumpy. It kind of comes and goes. So, we are expecting or anticipating, as we said through the presentation, bids for flight services in the period ahead, that we will be working on, basically through 2024, and then hopefully get some more activities from 2025. When it comes to the OEMs, then it's more, more regular, and we continue to work, of course, to secure contracts and POs also in the OEMs. We have also received quite a few other questions from others. One is, just to share that with you: What is our view on the value adjusted equity in the company? It's a good question, but it's something we don't want to take a view on. Then we would have to... Yeah, it, it's not exact science, number one, and also number two, it's guiding, and we would rather avoid guiding on that basis. There is also a question related to Brazil that we have talked about before. How would you respond to that? What's the status on Brazil? Yeah. So Brazil, we are currently doing preparational work for a potential, as we noticed to the market earlier, for an operation for Petrobras, together with our partner on the Helicopters International. To start flying in Q1 2024, we are, though, in the final stages of contract negotiations. Good. Thank you, Lars. Then there is a question on remaining CapEx in the near term. I believe Lars addressed that in the presentation. That relates to OP5, i.e., the contracts for EMSA in Europe and within flight services, OP5 and OP46, and that's just over EUR 3 million. There is a question about our strategy for 2024 and 2026, and I believe, at least we believe, we have done our best to explain what our strategy is through the presentation, so hopefully that's responded to. The final question was when we anticipate to announce a permanent CFO, which we just did last night, and that's Mr. Lars. Thank you. So that was a good selection of at least some very good questions received from some of you. Now, are there any further from the internet or web? No. So then we thank you all for showing up and listening in. We thank you for the questions. We thank you for the interest. We wish you a great day and a safe and nice weekend, and we wish all of us the best.