DZYNE Technologies, a developer and manufacturer of autonomous technologies including Group I-V UAS platforms, has announced the strategic acquisition of High Point Aerotechnologies, a global player in the design and manufacture of innovative air defense technologies focused on counter-uncrewed autonomous systems.
The transaction marks a significant milestone as DZYNE continues to accelerate its growth trajectory and broaden its autonomous technology offerings.
The acquisition creates a unique platform encompassing a range of proven defense technology solutions, including (i) autonomous aircraft technologies, encompassing both long endurance ISR and launched effects, (ii) counter-UAS solutions, (iii) AI/software technologies, and (iv) mission operations capabilities. The combination allows DZYNE to leverage its 12+ years of expertise in advancing sensitive autonomous defense technologies to the Department of Defense by extending into the C-UAS domain.
“This acquisition represents a new chapter for DZYNE’s AI-enabled products,” stated Matt McCue, CEO of DZYNE Technologies. “By combining cutting-edge, mission-proven C-UAS technologies with our cost disruptive airborne ISR and innovative launched effect platforms, DZYNE is able to bring end-to-end technology and mission solutions for our country’s most important missions sets.”
Known for its rapid design, development, and deployment of advanced autonomous aircraft systems, DZYNE has consistently pushed the technological bounds of autonomy while also upending the traditional cost paradigm of unmanned autonomous systems. DZYNE’s long-endurance uncrewed aircraft, LEAP, and ultra-long-endurance uncrewed aircraft, ULTRA, offer unmatched combinations of endurance, payload capacity, and affordability.
Al White, CEO of High Point, will continue to manage the C-UAS business inside of DZYNE as EVP of Air Defense Technologies. As part of a previously planned leadership transition, Mr. Matt McCue has succeeded Dr. Tom Strat to serve as DZYNE’s CEO; Dr. Strat will continue as a member of DZYNE’s Board. The Company also announced the hiring of Mr. Jeff Payne as Chief Financial Officer and appointments of Dr. Jeff Maas as Chief Technology Officer, Hon. Christopher C. Miller as Chief Strategy Officer, Mr. Joseph Francescon as Chief of Government Affairs, and Mr. Davey Gibian as Head of AI Strategy. Recently announced Chief Revenue Officer Mr. David Levy will continue in this role.
DZYNE and High Point are both portfolio companies of Highlander Partners, a Dallas-based private investment firm.
“The combination of DZYNE and High Point establishes an autonomous defense platform with a remarkable and synergistic range of capabilities, and the integration of these premier engineering teams will even further accelerate the development of creative solutions demanded in a rapidly evolving industry,” commented Ben Slater, a Partner at Highlander and the Chairman of DZYNE. “DZYNE is very well-positioned to continue to play a meaningful, disruptive role in the future of defense technology.”
Source: Press Release