Adderstone Group, an investment and property business, has invested a seven-figure sum into OpenWorks engineering and its counter-terror drone system.
Operating out of Northumberland, OpenWorks is known for its security and counter-terrorism products, including an innovative drone capture system named SkyWall.
The counter-terror drone system has already been deployed around the globe by a number of government authorities, militaries and private security organisations.
It provides close protection to the likes of airports, major infrastructure and even world leaders at summits against drones.
OpenWorks’ directors say they are confident that the significant investment from Adderstone Group will be beneficial to the firm.
They hope it can enable the company to increase capacity to manufacture SkyWall drone defence products, accelerate research and development of the next generation of SkyWall products and ultimately add significant value to the business.
Whilst Adderstone Group is known primarily as one of the largest property development businesses in the region, it has a long and successful track record at founding and growing a range of investments.
Ian Baggett, CEO and founder of Adderstone Group, commented: “OpenWorks achievements to date have been astounding. They are an extremely talented group of engineers who not only foresaw a massive need to protect against rogue drones but have gone on to design, patent, manufacture and monetise what is acknowledged to be world leading technology from their base in Stocksfield.”
He added: “My team and I look forward to doing whatever we can to help our new colleagues continue to grow a world leading business that protects the public and infrastructure from this burgeoning threat.”