Prox Dynamics Newsletter Q4-2011

Commercial strengthening
Prox Dynamics is strengthening the commercial part of the company, and is proud to announce that Mr. Ole Aguirre is hired as Vice President Sales & Marketing. Ole has an operational background as well as management experience from related businesses. Prox Dynamics main activities since start up has been on system development, but is now entering a new phase with increased emphasis on the commercial aspects of the business. To further increase customer focus Dag Henning Paulsen has been designated VP Projects, and will handle the day to day activities related to current contracts. Please check our website for contact details.

PD-100 LRIP Production
Low Rate Initial Production of the PD-100 PRS has started , and the first samples of the Block 1 systems are undergoing test and evaluation. This will allow us to fine tune production processes and reduce the teething problems that may be expected in high tech products, thus paving the way for serial production later in 2012. Changes in the productions systems include among other things new flight sensors onboard the UAV. These were successfully integrated and tested in the Block 0 serial 005 UAV earlier this autumn.

Display unit ready for production
After just a few months of development the PDD display unit is close to being ready for production. Using a state of the art daylight readable LCD screen and in-house developed hardware, the PDD has met the requirements we set at the start of the development. The current version is perfectly matched to the PD-100 PRS, and will even draw power from the PD-100 batteries reducing the need for additional power sources.

New hires
In addition to Ole we have hired two new software engineers; one just finished his PhD in real time programming; and the other has several years of experience from development work and will focus on new product areas. We are very happy and proud to be able to recruit highly skilled people in strong competition with other companies.

Sincerely,

Petter Muren
CEO

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