Current EAMD study: GBC buy recommendation with price target of EUR 80.00

Berlin, 06/30/2022 The analyst firm GBC has published a research study on the shares of
EAMD European AeroMarine Drones AG (WKN 661195, ISIN: DE0006611957). The GBC
analysts issue a clear buy recommendation with a price target of EUR 80.00 (compared to
currently EUR 24.00).
The study confirms the high future potential of drone-based close and remote sensing with
innovative hybrid propulsion and its efficiency and cost advantages.
The two analysts highlight that the management of EAMD European AeroMarine Drones AG
plans to build up a portfolio of high-tech SMEs in the aviation sector with a focus on close and
remote sensing in the medium term. To develop new prototypes, SMEs often lack access to
capital and the distribution strength to sell fleets to large customers.

The EAMD Whisper prototype is already scheduled to be unveiled in the fourth quarter of
2022. This can be used for reconnaissance with a flight duration of up to 24 hours, with a take-off weight of 1000 kilos, at times silently in hybrid propulsion. GBC sees a very high upside potential for the EAMD share. Original research: https://eamd.io/wp-content/uploads/2023/06/220627_GBC-EAMD-Analyse.pdf

EAMD European AeroMarine Drones AG:
EAMD AeroMarine Drones AG is a listed company headquartered in Berlin, Germany. EAMD
offers an innovative and sustainable aviation concept, for sovereign as well as civil
applications, by replacing conventional drone propulsion technologies with hybrid, more costefficient solutions. The company stands for the technical change in aircraft technology towards
hybrid technology (electric propulsion) as well as future-oriented further developments (diving
aircraft). Under the umbrella of the company, the know-how of innovative, European mediumsized businesses and European research institutions are united.