Hindenburg Research has just released a damning Report that states, in pertinent part, that “92+% of EHang’s claimed 1,300+ unit pre order book is based on ‘dead’ or ‘abandoned’ deals, failed partnerships, and newly-formed customer entities with no no discernible operations.” Continue reading
Category Archives: Business News
Quantum Systems, Phase One, and Trimble Launch Phase One P5 Camera for Survey Grade UAV Solution
Quantum-Systems GmbH has announced its collaboration with Phase One and Trimble to seamlessly integrate the Phase One P5 128-megapixel camera into its flagship Trinity Pro mapping drone. Continue reading
Cloneable Emerges from Stealth, Launching AI-driven Platform
Cloneable, a no-code platform designed for building and deploying intelligent applications on edge devices including tablets, IoT devices, robots, and drones, emerged today out of stealth. The founding team, drawing on a decade of expertise as leaders in the commercial drone industry, aims to transform every device in the field into an intelligent extension of a company’s experts. Continue reading
Northrop Grumman Gets $543M MQ-4C Triton Contract
Northrop Grumman Systems Corp., based in San Diego, California, has been awarded a $543m contract modification to expand the production and delivery of MQ-4C Triton Unmanned Aircraft Systems. Continue reading
Trimble and Skydio Integrate Technologies
Skydio has announced a strategic collaboration with Trimble creating an integrated workflow of accurate data capture, data visualization, and data analytics addressing the needs of critical infrastructure industries in their surveying, mapping, and inspections. Continue reading
Anduril Industries Gets UK MoD £17M Force Protection Technology Contract
The UK MoD has awarded defence technology company Anduril Industries a £17 million 31-month contract to explore future capabilities. Continue reading
Russian Company Launches Drone Manufacturing Partnership in Uzbekistan
FlySeeagro, a Russian drone manufacturer, based in Krasnador, announced this week it was investing $80 million in establishing a new production line in cooperation with the Directorate of the Navoi Free Economic Zone in Uzbekistan. Continue reading
EDGE Group Acquires a Majority Stake in Swiss VTOL UAV Company ANAVIA
The UAE’s EDGE Group, a global advanced technology and defence group, has announced the acquisition of a 52% majority shareholding in ANAVIA, a Switzerland-based company that specialises in the design, development, and manufacturing of versatile vertical take-off & landing (VTOL) systems of up to 750 kilograms, and their associated capabilities. Continue reading