Aerodata AG inks MoU with Dynauton Systems

Aerodata AG, an established German provider of specialised solutions for aviation, and Dynauton Systems®, a division of Dynamatic Technologies Limited focusing on the development and manufacture of unmanned systems, announce the signing of a Memorandum of Understanding (MoU). The agreement establishes the framework for a strategic collaboration to develop a new unmanned, airborne surveillance and reconnaissance solution for the Indian region.

Neset Tükenmez (CEO of Aerodata) and Udayant Malhoutra (CEO of Dynamatic Technologies Limited) signed the MoU. At the heart of the collaboration is Aerodata's modular AeroForce® X platform. The MALE UAS combines high payload capacity with a maximum endurance of up to 40 hours and is designed for the integration of advanced mission system technology. This particularly suits AeroForce® X for longduration, demanding ISR (Intelligence, Surveillance, Reconnaissance) missions over land and sea. As part of the MoU, both companies will jointly evaluate how AeroForce® X can be further developed and deployed to meet the requirements of the Indian market. Dynauton will contribute its extensive engineering and manufacturing expertise in the field of unmanned systems, while Aerodata contributes its many years of experience in the integration of complex airborne surveillance and reconnaissance systems.

"The Memorandum of Understanding is a meaningful step towards further developing AeroForce® X in collaboration with Dynauton specifically for ISR missions in the Himalayas and Indian Ocean Region. By combining the core strengths of both companies, this partnership creates a solid foundation for the comprehensive development and implementation of high-performance, unmanned reconnaissance solutions," says Neset Tükenmez, CEO of Aerodata AG.

Dynauton also emphasises the strategic importance of the agreement: "The collaboration with Aerodata enables us to build on a high-performance platform and jointly develop a future-oriented solution for demanding surveillance and reconnaissance tasks," explains Udayant Malhoutra, CEO & Managing Director of Dynamatic Technologies Limited.

The Memorandum of Understanding marks the start of a partnership-based German-Indian collaboration offering long-term prospects. Both companies see great potential in combining their expertise to jointly develop innovative and high-performance unmanned systems.

Shares of Dynamatic Technologies Limited was last trading in BSE at Rs. 11669.90 as compared to the previous close of Rs. 11599.10. The total number of shares traded during the day was 1701 in over 485 trades.

The stock hit an intraday high of Rs. 11874.00 and intraday low of 11396.10. The net turnover during the day was Rs. 19765764.00.

Source : Equity Bulls

Keywords

DynamaticTechnologies INE221B01012 DynautonSystems MoU AerodataAG