12,000 Wingcopters for world’s largest commercial drone deployment - Continental Drones and Wingcopter to transform African supply chains and logistics from the ground up

Accra, Ghana / Weiterstadt, Germany, May 19, 2022 – German drone delivery pioneer Wingcopter and Continental Drones Ltd., a subsidiary of Ghana- and Dubai-based Atlantic Trust Holding, have signed a partnership agreement to help establish drone-based delivery networks with thousands of Wingcopter drones across the African continent. These networks will dramatically improve the reliability and efficiency of existing supply chains but also help create completely new ones. The companies today announced that Continental Drones will become a Wingcopter Authorized Partner (WAPP) for all 49 sub-Saharan countries. Over the next five years, the goal of the two partners is to deploy 12,000 Wingcopter 198, the world's most advanced delivery drone, throughout Africa, making it the largest commercial deployment in the global delivery drone industry to date.

In many African regions, insufficient infrastructure is one of the biggest barriers to universal health coverage and economic development. Setting up large-scale drone delivery networks across African airspace will propel logistics in these countries to a new level and help build an entirely new transport framework - much faster, cheaper, more sustainable, and more efficient than the development of conventional ground-based infrastructure with all its unhealthy and climate-damaging emissions.

Bridging the infrastructure gap through the deployment of large fleets of Wingcopter drones, even in the most remote places, will allow governments and the private sector to leapfrog inefficient infrastructure to climate-neutral, reliable, and fast logistic capabilities. Wingcopter’s technology will be deployed to improve the livelihoods of millions of African people, for example through the ondemand delivery of medicines, vaccines, or laboratory samples but also essential goods for daily use. In addition, it has the potential to turbocharge the economic development of the countries in which the Wingcopter networks will be established by connecting communities more effectively and by creating thousands of new job opportunities to operate these delivery networks. As the Wingcopter 198 is fully electric, it contributes to a more sustainable African logistics sector and help move economies towards net zero emissions.

“Together with Wingcopter, we are committed to accelerate the development and economic integration of Africa by enabling the creation of drone-based delivery networks across the continent. With our longstanding business experience on the ground and Wingcopter's best-in-class drone technology, these networks offer a real chance to fuel economic development and help improve the livelihood of millions. African nations show true leadership by implementing this cutting-edge technology for the better of their people and generations to come”, comments Alexander Asiedu, Founder of Continental Drones and Chairman of Atlantic Trust Holding.

Tom Plümmer, Co-Founder and CEO of Wingcopter, adds: “This agreement and trustful partnership is a real game-changer, positioning Wingcopter and Continental Drones at the top of the drone delivery industry. Wingcopter is well positioned to execute against the tremendous opportunity of drone delivery in the next decade. We are convinced that our cooperation with Alex and his Continental Drones team will unlock the African drone delivery market on a large scale, allowing us to jointly improve and save millions of lives.”

About Wingcopter Wingcopter is a German manufacturer of eVTOL, fixed-wing unmanned aircraft systems (UAS) and provider of drone delivery services, focused on optimizing medical supply chains, as well as last-mile logistics of packages, tools, spare parts, food, and groceries. The 120-strong team is dedicated to improving and saving lives worldwide through meaningful commercial and humanitarian applications. Thanks to its patented tilt-rotor mechanism and software algorithms, the Wingcopter 198 can take off and land vertically like a multicopter, while flying long distances as efficiently and quickly as a fixed-wing aircraft, even in heavy rain and wind. Wingcopter is a World Economic Forum Technology Pioneer. Wingcopter’s investors include Xplorer Capital, Futury Capital, ITOCHU, DRONE FUND, SYNERJET, Expa, Hessen Kapital III, and Corecam Capital Partners. Find out more at www.wingcopter.com or on Twitter, LinkedIn and Instagram.

About Continental Drones Ltd. Continental Drones is a Ghana-based pan-African company with the purpose to enable the African continent to utilize drone technology for the benefit of its people. As the Wingcopter Authorized Partner for sub-Saharan Africa, Continental Drones is supporting African nations in setting up large-scale drone-based delivery networks that dramatically improve supply chains and logistics. Continental Drones is a subsidiary of Atlantic Trust Holding Ltd.

About Atlantic Trust Holding Ltd. Atlantic Trust Holding Limited is a private investment holding company with a presence in Asia, Middle East and Africa. Its business investments started in 2001 where it successfully completed a number of real estate projects within Accra, the capital city of Ghana. The company currently has investment in varied businesses in Africa and Asia. It also has a passionate dedication to humanitarian services in Ghana.

Media Contact: Wingcopter Thomas Dreiling, PR & Communications dreiling@wingcopter.com

http://continental-drones.com/