Advanced Defense Technologies, Inc. (PINKSHEETS: ADCF) announced today that the Company has entered into a joint venture agreement with AeroSpy, an Austria-based leading technology supplier in the field of navigation, motion tracking, and mobile robotics, to develop and commercialize the first fully certified Sense & Avoid System that allows the integration of mission-specific UAVs into civilian airspace.
As part of the joint venture, ADTI will combine its phased array antenna technology with AeroSpy's Sense and Avoid technology to form a significant global alliance. The goal of the project is to integrate the AeroSpy Sense and Avoid prototype and autopilot with ADTI's customized and enhanced UAV technology to demonstrate the system to different customers. In order to integrate UAVs into civil airspace it is crucial to have a system with the capability to react to traffic by avoiding it.
R.S. Tahim, President and CEO of Advanced Defense Technologies, Inc., stated, "We are committed to this partnership with AeroSpy, which has a long-standing reputation in the field of navigation, motion tracking, and mobile robotics. Our potential customers and clients can now benefit from the combined strengths of both our organizations and a broadened global reach for UAV systems within the military, oil and gas, municipal, meteorological, forestry, agriculture and coastal/border surveillance sectors. The venture aligns our combined strategic direction and the potential for future business growth is significant. We see an exceptional opportunity to create value for our respective corporations, partners, and shareholders."
Source: Advanced Defense Technologies, Inc.
Date: Aug 1, 2012