WHITE SALMON, Clean., June 29, 2021 /PRNewswire/ — Sagetech Avionics Inc., an impressive technological know-how enterprise providing market-foremost avionics solutions for Uncrewed Aerial Techniques (UAS), introduced nowadays that the corporation obtained a $12 million financial investment from Owing West Partners, a Seattle-based personal investment decision company. The investment decision will empower acceleration of Sagetech’s product roadmap, especially UAS Detect and Stay away from (DAA) ability and other relevant systems. Terms of the transaction had been not disclosed.
The investment will empower acceleration of Sagetech’s product roadmap, exclusively, UAS Detect and Stay clear of functionality
“We are psyched to husband or wife with Owing West Companions” stated Tom Furey, CEO of Sagetech Avionics. “Their expertise in scaling aerospace businesses and deep network of authorities in the Protection and Aerospace ecosystem will present significant benefits to Sagetech as we keep on our progress in the enjoyable UAS and State-of-the-art Air Mobility (AAM) marketplaces. Sagetech is honored that Because of West recognizes the strength in our market place and the long run benefit of our technological innovation roadmap, and we are seeking forward to a long lasting and mutually helpful partnership.”
Sagetech Avionics provides the most innovative technology core for variety certifiable detect and avoid techniques for UAS. With this financial investment, Sagetech will increase their Engineering and Go-To-Market place groups in get to assist the developing need for DAA and other situational recognition answers worldwide.
“Sagetech brings together a exclusive blend of sophisticated situational recognition options, which are important to unlocking the foreseeable future likely of the UAS and AAM markets, with an unmatched heritage of delivering reliable miniature avionics for use in the US Office of Protection,” said Nick Wellmon, Running Partner of DWP. “Tested systems and customer credibility furthermore substantial market place possible build a very fascinating chance.” “Situational awareness products are necessary technological innovation for protected integration of crewed and uncrewed vehicles into managed airspace, and Thanks West Partners is delighted to assistance a organization supporting prospects prevail over these worries,” explained Robert Dickinson, Managing Companion of DWP.
Sagetech Avionics, Inc. is an aerospace know-how organization empowering secure flight in unmanned aircraft with situational recognition remedies constructed from mission-essential transponders, application, and associated systems. Now serving military services and civil responsibility on most tiny to medium UAVs, Sagetech solutions are mission-verified and supply decades of program knowledge, certifications, and tens of millions of flight hrs to deliver utmost price around the life of an unmanned platform. Today, Sagetech is expanding its technological innovation system to create complete, certifiable systems these as detect and stay away from methods. Each individual day, Sagetech works in live performance with its comprehensive ecosystem of OEM clients, technologies associates, and resellers to make certain UAVs fly safer with Sagetech on board. Learn more at www.sagetech.com.
Owing West is Distinct. With affected individual funds aimed at creating sustainable expansion and setting up legacies, Thanks West Companions provides firms an substitute supply of cash to mature their enterprise. Our intention is uncomplicated: empower recognized organizations with the more resources and skills they will need to aim on lengthy-expression price generation.
Source Sagetech Avionics Inc.