Abu Dhabi: UAE’s EDGE, an advanced technology and defence group, will invest $14 million in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution.
Faisal Al Bannai, Chairman of the Board of EDGE, said: “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.”
Alon Abelson, co-founder and CEO of High Lander, said: “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. 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.”
High Lander’s Universal UTM oversees the busiest airspaces, enabling multiple, simultaneous drone operations. From pre-flight authorisation to mid-mission changes and post-flight logs, Universal UTM enables management of all aspects of airspace control.
