UAE: EDGE to invest $14mln in unmanned air traffic management provider

UAE: EDGE to invest $14mln in unmanned air traffic management provider

ABU DHABI - 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