Parrot exits automotive industry to focus on commercial UAVs

parrot airinov
Drone hardware manufacture Parrot is making an early exit from the automotive industry in a bid to focus more intently on its commercial UAV division. Following the partnership agreement between the European drone group and Faurecia, which was signed in the first quarter of 2017, the companies have decided together to arrange Parrot’s exit from the subsidiary Parrot Automotive, which has been 20% owned by Faurecia since March 31, 2017. Under the partnership agreement, based on an enterprise value of €100m (£88m) for Parrot Automotive, Faurecia subscribed for €41m (£36m) of bonds issued by Parrot SA, which were scheduled to
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Coptrz accelerates into the fast lane with F1 partnership

coptrz f1
A UK-based commercial drone solution provider snapped up a vital role to supply UAV detection at British Grand Prix weekend. Silverstone circuit selected Coptrz to deliver drone detection services for the world-famous motor sport event. Coptrz provided an array of technologies to detect and inform organisers of any non-planned drone activity over the three-day event from July 6 to 8. With drone detection in place, details of a drone's model, serial number, course, speed, altitude and the operators data could be detected. Steve Coulson, founder and managing director at Coptrz, explained: “It was great to be able to provide our
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