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Flying Ship Technologies and PROBOTEK sign agreement to deliver Smart Robotic Wing

Flying Ship Technologies and PROBOTEK have signed an agreement to work
collaboratively and jointly integrate PROBOTEK’s proprietary technologies and software into Flying Ship’s
ground effect vessels to enable smart, safe and green autonomous and semi-autonomous
operations with real-time vessel system monitoring and reactive collision avoidance.

“PROBOTEK’s experience integrating operationally proven artificial intelligence and BVLOS
control operation systems will be a critical asset for Flying Ships,” said Flying Ship CEO, Bill Peterson.

“The Flying Ship team is one hundred percent committed to safety and reducing greenhouse gas
emissions through our all-electric vessels. We look forward to working with PROBOTEK to integrate
secure and reliable navigation systems that are interoperable with the European maritime logistics
network.

“Flying Ship is an exciting and innovative entrant into the logistics market,” said PROBOTEK
CEO, George Delaportas. “Our capabilities in artificial intelligence and mission-critical software
platforms are a natural fit for their autonomous ground effect vessels.”

This agreement will also assist the joint teams to pursue a market of potential customers
and investors more effectively.

“Flying Ship and PROBOTEK will work together on financial support to develop the vessel in
Greece,” said Flying Ship Executive Vice President and COO, Gus Bateas. “Our ultimate goal is to
enhance connectivity among the Greek islands and the mainland through safer and more reliable ontime cargo
delivery to an increased number of delivery points.”

“The huge number of Greek islands creates strong demand for a distributed maritime
logistics network that is fast, cost effective, and green,” said PROBOTEK COO, Panagiotis Apostolopoulos.
“There’s an incredible business opportunity to improve the quality of life for people through better
delivery options for perishable goods, like groceries, medicine, and retail items.”

Flying Ship is developing autonomous ground effect vessels, that fly just over the water, which are cost effective and environmentally-friendly.

PROBOTEK is an innovative leader in the Internet of Drones (IoD) sector, exploiting drone and Unmanned Aerial Vehicles capabilities with the help of AI and Machine Learning.

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