January 25, 2023
2 mins read

 UAE’s Edge invests $14m in High Lander

As part of its international growth strategy, EDGE, which comprises an impressive portfolio of 20 complementary companies, is placing a clear focus on the development of autonomous systems…reports Asian Lite News

The UAE’s EDGE group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies.

The US$14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the military and civilian domains between some of the world’s biggest technology providers, as both companies progress along their respective roadmaps.

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.”

As part of its international growth strategy, EDGE, which comprises an impressive portfolio of 20 complementary companies, is placing a clear focus on the development of autonomous systems, including unmanned aerial vehicles (UAVs), smart weapons, and cyber technologies. The group is keen to further assist High Lander in developing its next-generation Universal UTM solution, which enables the safe coexistence of manned and unmanned aviation. EDGE aims to utilise Universal UTM in the management of autonomous operations.

Alon Abelson, co-founder and CEO of High Lander, commented, “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 efficient management of all aspects of airspace control.

Mansour AlMulla, Managing Director and CEO of EDGE, added, “High Lander is a growing tech company with huge potential, operating with a startup mindset yet drawing from decades of experience in the aviation sector. This, coupled with the highest levels of innovation, has allowed it to create an opportunity in the autonomous air traffic sector, a sector which is in pressing need of transformation. This is a win-win partnership. High Lander will benefit from EDGE’s offerings of integrated systems and solutions, and we in turn will adapt High Lander’s world-leading UTM platform to further advance our autonomous capabilities.”

ALSO READ: Muraleedharan holds talks on Indian diaspora in UAE

Previous Story

Saudi to offer up to 200k jobs to Lankans in 2023

Next Story

UAE reduces fees of 14 services

Latest from -Top News

Modi, Ukhnaa seal a golden friendship

India and Mongolia mark 70 years of diplomatic relations with energy, cultural, and development pacts — a partnership rooted in shared Buddhist heritage and growing strategic trust….reports Asian Lite News India and

Former Kenyan PM dies in Kerala hospital

Kenya mourns the death of former Prime Minister Raila Odinga, a champion of democracy and cherished friend of India, who passed away in Kerala at 80….reports Asian Lite News Kenya’s former Prime

Nuclear blackmail fears loom over Strait

China’s growing nuclear arsenal, including air, land, and sea capabilities, raises fears of coercion over Taiwan, potentially limiting US intervention and reshaping Indo-Pacific deterrence….reports Asian Lite News China’s rapid growth and diversification

48-hour truce on fragile border

Pakistan and Afghanistan’s Taliban administration announce a 48-hour ceasefire after deadly border clashes, offering a fragile pause amid rising hostilities and collapsing diplomatic ties….reports Asian Lite News Pakistan and Afghanistan’s Taliban administration

India’s ‘bridge-building’ bid at UNHRC

India secured 177 of the 188 valid votes cast. The country will represent the Asia-Pacific group, which has 17 regional seats, four of which were up for election this year….reports Asian Lite
Go toTop

Don't Miss

UAE, India eye investments in new economy, tourism

UAE Minister of Economy Sheikh Abdulla bin Touq Al Marri

UAE to buy minority shares in Pak govt companies

The United Arab Emirates (UAE) on Tuesday offered to buy