Firm’s Light-weight Energy Programs Will Gasoline Future UAV Improvement
Edge Autonomy, a pacesetter in unmanned and autonomous know-how, introduced at present that it has acquired Adaptive Power (or “the Firm”), a globally acknowledged designer and producer of stable oxide gasoline cells (SOFC) for backup, off grid and UAV energy. Phrases of the transaction weren’t disclosed.
With greater than 20 years of gasoline cell manufacturing experience and practically 2,000 SOFC techniques deployed worldwide, Adaptive Power is the main supplier of SOFC for low-watt energy. The Firm’s revolutionary options are utilized in army, vital infrastructure and transportation end-markets by U.S. federal companies and business prospects. As well as, Adaptive Power’s light-weight, vitality dense SOFC have been built-in as vital know-how in Edge Autonomy’s UAV platforms for greater than 10 years.
Based mostly in Ann Arbor, MI, Adaptive Power’s proprietary know-how relies on 12 energetic patents that had been developed by among the world’s foremost authorities in microtubular stable oxide gasoline cell know-how. Adaptive Power CEO Michael Edison and Chief Engineer Tom Westrich, Ph.D., will stay with the Firm.
This marks the primary add-on acquisition for Edge Autonomy since its formation after the merger of UAV Manufacturing facility and Jennings Aeronautics in February 2022. Edge Autonomy is a portfolio firm of AE Industrial Companions (“AEI”), a U.S.-based non-public fairness agency specializing in aerospace, protection & authorities companies, house, energy & utility companies and specialty industrial markets.
“Having used Adaptive Power’s SOFCs for years, we all know first-hand the worth the workforce will convey to Edge Autonomy and our prospects,” stated John Purvis, CEO of Edge Autonomy.
“Adaptive Power has accomplished a powerful job investing in R&D, and we plan to leverage the Firm’s know-how and analysis as we glance to search out new methods to additional prolong the period and enhance the efficiency of our autonomous techniques. I stay up for working with the Adaptive Power workforce as we proceed to innovate collectively.”
Edge Autonomy brings a various ecosystem of unmanned platforms, EO/IR digicam payloads and international attain with manufacturing and flight check amenities that service prospects with innovation, pace and agility. With a expertise pool that features among the world’s high unmanned techniques engineers and payload sensor consultants, Edge Autonomy is nicely positioned to assist prospects’ Intelligence, Surveillance and Reconnaissance (ISR) operations in revolutionary and cost-effective methods.
“The assist that each Edge Autonomy and AEI can provide will enable us to proceed our give attention to growing cutting-edge SOFC energy options for business and army,” stated Mr. Edison.
“We’re assured that becoming a member of Edge Autonomy will present our prospects with a path for
larger development, and we’re excited for what lies forward.”
“Adaptive Power has been a pioneer in growing extremely dependable, sturdy and light-weight
energy sources, which might prolong the period and effectiveness of UAV missions and remodel the business,” stated Jeffrey Hart, Principal at AEI. “AEI is proud to assist this partnership, which is able to enable each corporations to achieve important aggressive benefits by working collectively.”
Akerman LLP served as authorized advisor and RSM US LLP served as monetary advisor to Edge Autonomy. Koenig, Oelsner, Taylor, Schoenfeld & Gaddis PC served as authorized advisor to Adaptive Power.
About Edge Autonomy
Headquartered in San Luis Obispo, CA, Edge Autonomy is a pacesetter in unmanned and autonomous know-how. Established with the aim of growing essentially the most superior tactical platforms and sensors within the unmanned market, the corporate’s unmanned applied sciences are utilized in 57 nations by authorities, business and tutorial prospects. Edge Autonomy advantages from its vertically built-in operations and international footprint, together with over 150,000 sq. ft of producing amenities on two continents, with key assist places of work situated in Bend, Oregon, and Herndon, Virginia.
Extra data is out there at www.edgeautonomy.io
About AE Industrial Companions
AE Industrial Companions is a personal fairness agency specializing in aerospace, protection & authorities companies, house, energy & utility companies, and specialty industrial markets. AE Industrial Companions invests in market-leading corporations that may profit from its deep business information, working expertise, and relationships all through its goal markets. AE Industrial Companions is a signatory to the United Nations Rules for Accountable Funding and the ILPA Range in Motion initiative.
Study extra at www.aeroequity.com