Strat Aero - an international aerospace company focused on the unmanned aerial vehicle sector - says its two core divisions, survey & inspection services and commercial UAS training & education, continue to perform in line with expectations.
Chief executive Iain McLure said: "We are seeing continued profitable growth at our Geocurve subsidiary through the successful delivery of specialised professional surveys within its expanding roster of blue-chip clients and governmental bodies; while the roll-out of our UK CAA approved training courses by our Asian partners are due to commence in Q4 2016 and early Q1 2017.
"In tandem with our focus on revenue generation, we are closely reviewing our cost base, particularly in the US, so that we retain as much cash flow as possible for reinvestment into growing the business. Today's loan will assist with our working capital requirements during this period of transition, as we work towards establishing Strat Aero as a leading provider of UAV based services and solutions."
At 9:04am: (LON:AERO) Strat Aero Plc share price was +0.08p at 0.43p