AeroVironment, Inc. (NASDAQ: AVAV), a worldwide chief in clever, multi-domain robotic techniques, introduced as we speak it has acquired Planck Aerosystems, Inc. (“Planck”), a number one supplier of superior unmanned plane navigation options. The acquisition will considerably speed up AeroVironment’s improvement of superior autonomy capabilities.
Based in 2014, Planck has labored intently with clients from the U.S. Division of Protection, safety businesses, allied governments and offshore industrials to develop customer-centric unmanned plane options. Planck’s merchandise embrace embedded applied sciences and totally built-in unmanned plane techniques (UAS) and leverage their deep technical experience in UAS steering and navigation, autonomy and synthetic intelligence.
Planck is a small know-how firm based mostly in San Diego, California and might be acquired by AeroVironment’s Petaluma-based medium unmanned plane techniques (MUAS) enterprise phase to deal with integrating its flight autonomy options, corresponding to ACE™ (Autonomous Management Engine), into AeroVironment’s choices to allow secure, autonomous takeoff and touchdown from transferring platforms on land or at sea in GPS-denied environments. Different options embrace AVEM™, a totally built-in cell tethered sensor platform designed for persistent autonomous operation from transferring automobiles and vessels in any setting, and a collection of machine-learning object detection and monitoring techniques which might be custom-made for particular end-user wants.
“Planck has a compelling product and know-how roadmap with useful capabilities that we plan to deploy and combine with AeroVironment’s present portfolio of clever, multi-domain robotic techniques,” mentioned Wahid Nawabi, AeroVironment chairman, president and chief government officer. “The Planck group has developed superior unmanned autonomy and navigation options for numerous protection and industrial clients and by working collectively, we consider we provide extra compelling and differentiated options to our clients transferring ahead.”
“This transaction accelerates AeroVironment’s innovation in flight autonomy, growing the effectiveness of our options in contested environments and lowering the cognitive load of operators, and provides a tethered SUAS to our portfolio of techniques, creating thrilling alternatives for upcoming applications of document,” Nawabi added.
“AeroVironment’s heritage of making revolutionary options to fulfill buyer wants is a perfect match for the Planck group,” mentioned Josh Wells, Planck chief government officer. “We couldn’t be extra enthusiastic about becoming a member of forces with AeroVironment to ship revolutionary, multi-domain unmanned techniques to the following era of U.S. and allied warfighters. AeroVironment’s attain, technical capabilities and portfolio of unmanned techniques will allow the Planck group to scale our merchandise to extra clients, and to offer higher options in much less time.”
Canaccord Genuity served because the unique monetary advisor to Planck Aerosystems, Inc. in reference to the transaction.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) gives know-how options on the intersection of robotics, sensors, software program analytics and connectivity that ship extra actionable intelligence so you possibly can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a worldwide chief in clever, multi-domain robotic techniques and serves protection, authorities and industrial clients. For extra data, go to www.avinc.com.
ABOUT PLANCK AEROSYSTEMS
Primarily based in San Diego, California, Planck Aerosystems develops and deploys navigation and autonomy options for tethered and free flight small unmanned plane techniques that allow them to function from transferring platforms, together with in GPS-denied environments, primarily for protection and industrial functions. Planck Aerosystems’ Autonomous Management Engine (ACE) has been built-in into over 30 completely different plane sorts of numerous sizes and configurations. For extra data, go to www.planckaero.com.