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2018-02-20 13:56 CET
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ITALEAF: Giancarlo Grasso appointed Chairman of Skyrobotic. Stefano Neri takes office as Deputy Chairman

PRESS RELEASE 20 FEBRUARY 2018

ITALEAF:  Giancarlo Grasso appointed Chairman of Skyrobotic
             

  • Stefano Neri takes office as Deputy Chairman
  • Among the main national experts in the aeronautical sector, Mr. Grasso will lead the company in the new configuration of aeronautical and institutional security sector player

Skyrobotic, a company leader in the production of drones under 25 kilograms entirely Made in Italy, part of the Italeaf Group, announces that the Board of Directors today appointed Giancarlo Grasso as the new Chairman of the Company.
Mr. Grasso takes the place of Stefano Neri, Chairman of the Italeaf Group and reference shareholder of the company, who has taken on the position of Vice Chairman.
Thanksgiving Giancarlo Grasso for agreeing to take on this important new responsibility, Stefano Neri stated:
"Born as a startup just 4 years ago, after leaving the early stage phase, Skyrobotic now becomes a fully fledged aeronautical company destined to lead a new season of expansion and growth in the promising sector of top-of-the-range drones for institutional security and the most advanced professional uses. We believe it is necessary to carry out this new phase with a professionalism, such as that of Giancarlo Grasso, who represents a guarantee in terms of technical skills, managerial skills and knowledge of the reference sector. We reaffirm the Group's desire to open a season of industrial alliances and partnerships capable of responding to the institutional and private demand for drones with the highest standards of safety, performance and reliability".

------------------ BIOGRAPHICAL NOTES OF GIANCARCARLO GRASSO -----------------
Giancarlo Grasso is one of the leading Italian experts in aeronautics and aerospace.
Born in Taranto, he graduated in electronic engineering in 1963. During his career he has held various positions in the Finmeccanica group of companies (now Leonardo), particularly in the defence electronics sector. Giancarlo Grasso, Chief Technology Officer (CTO) of Finmeccanica in the years since the group was re-launched, played a key role in coordinating the new investments in research and development decided by Finmeccanica to avoid the duplication of the past. In 1997 he became head of the avionics division of the then Alenia. Chairman of the Board of Directors of Alenia Marconi System (1999-2001), Otomelara (2001-2005) and Galileo Avionica (2001-2007), he moved to Finmeccanica in 2002, taking on the role of Central Technical Director and assuming, in 2007, the position of Senior Advisor to the Chairman and CEO, Pier Francesco Guarguagliani. From 2005 to 2007 he was CEO of Selex Sensors and Airborne Systems, while from 2009 to 2011 he was CEO of Selex Communications. From 2014 to 2016 he was Chairman of Alenia Aermacchi.

--------------------------------------WHO'S WHO---------------------------------------
Skyrobotic S.p.A. is the Italian leading company in the field of UAV (drones) production. Established in December 2013, it is part of Italeaf group, working on the development, manufacturing and marketing og civil and commercial drones, mini and micro classes for the professional market. With a constant focus on innovation, the company aims to achieve leadership in the professional sector of unmanned aircraft, taking care of the whole industrial chain: from design to the system integration, till the production of reliable and effective platforms.

This press release is also available on the Company's website: www.italeaf.com

Certified Adviser

Mangold Fondkommission AB, +46 (0)8 5030 1550, is the Certified Adviser of Italeaf SpA on Nasdaq First North.

For further information please contact: 
Claudio Borgna
CFO - Italeaf S.p.A.
E-mail: borgna@italeaf.com

Italeaf SpA, established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in London and Hong Kong. The company controls TerniEnergia, listed on the STAR segment of the Italian Stock Exchange and active in the fields of renewable energy, energy efficiency and waste management, and Skyrobotic, in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing, and Italeaf RE, a real estate company. Italeaf holds a minority stake in Vitruviano LAB, a research center active in the R&D sector for special materials, green chemistry, digital transformation and cleantech.

PRESS RELEASE
Feb 20, 2018

HUG#2170278