This investment is another step in the expansion of UVision into the unmanned systems market
UVision Air Ltd. - a global leader in aerial loitering munition systems of all sizes for a variety of missions revealed its strategic investment in SpearUAV, who have developed anautonomous, AI-based technology for encapsulated SWARM-based UASs.
The two companies will work to share their technological knowledge: UVision with its proven knowledge and experience in loitering munition systems, and Spear with its expertise in AI based tactical drones for ISTAR missions. The synergy between the companies will make it possible to offer a comprehensive solution for varying operational needs from the micro-tactical forces and brigade level, to the division level.
"This investment in Spear comes as a direct continuation of the company's expansion in the international defense market,” says Major General (Ret.) Avi Mizrachi, CEO of UVision. “Just recently, UVision was selected by the U.S. Marines to provide its advanced loitering munition system, Hero-120, as part of a multi-year installation for all armored vehicles. Spear offers a unique ISTAR solution that can beeasily deployed by any soldier in the field. Together, we are creating a broad-spectrum solution, tailored to any operational need of our customers -at sea, in the air, and on land."
"We are pleased and proud of our strong partnership with UVision,” says Colonel (Ret.) Gadi Kuperman, Founder & CEO of SpearUAV. “UVision has recognized the enormous potential of Spear’s robust, intuitive, and autonomous solutions for immediate, aerial superiority, in both the defense and HLS markets. While Spear continues to thrive and grow independently, we are confident that this collaboration will bring with it a breakthrough into new markets for the two companies.”