UAE’s EDGE group finances USD14M in Israeli drone fleet runn...| MENAFN.COM

Monday, 06 February 2023 05:07 GMT

UAE’s EDGE group finances USD14M in Israeli drone fleet running firm


(MENAFN) The UAE’s EDGE group has declared a USD14 million funding in High Lander, an Israeli drone fleet management firm, as reported by Emirates News Agency.

EDGE has been concentrating on the improvement of autonomous systems, including unmanned aerial automobiles, smart weapons, as well as cybertechnologies, as part of its global expansion plan.

Group administration stated that it was happy to carry on assisting High Lander in the improvement of its Universal UTM, a drone-agnostic unmanned traffic running solution that offers the automation, coordination, as well as safety needed in progressively congested skies.

EDGE board chairman, Faisal Al-Bannai, stated that: “As EDGE grows rapidly, and with our focus increasingly being directed to the development of world-leading autonomous aerospace solutions, the need for a superior and readily available air traffic management platform could not be more urgent. Today’s operating environments require the most advanced unmanned air traffic control systems, and High Lander provides the only truly universal solution for this critical requirement.”

“Our investment in High Lander as a major shareholder is logical for EDGE, and mutually beneficial and opportune for both companies, allowing us to grow and perfect these solutions further together, in both the military and civilian domains,” he continued.

High Lander head executive officer, Alon Abelson, asserted that “We are excited about the strategic partnership with EDGE because it strengthens High Lander’s position as a market leader in drone fleet management and UTM spaces as we begin to scale globally.”

Adding, “High Lander and EDGE have a mutual goal of creating the most technologically advanced airspace automation systems possible, and we look forward to working with EDGE for many years to come.”

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