Battery technology company UltraCharge Limited will work with Israeli drone manufacturer Aeronautics to develop advanced battery solutions specifically for UAV use.
Under the agreement, UltraCharge will develop its high-voltage LNMO prototype battery in accordance with Aeronautics’ required specifications and performance needs.
If successful, the project will pave the way for the establishment of an on-going business relationship between the two companies which could see Aeronautics purchase UltraCharge’s battery solutions for its UAV’s and “other relevant systems”.
UltraCharge CEO Kobi Ben-Shabat said the formation of a close working relationship with Aeronautics will allow the company to tap into the $18 billion UAV market, which is projected to reach $52 billion by 2025.
“The collaboration will create new opportunities in bringing advanced battery technology offerings to this emerging UAV market,” Mr Ben-Shabat said.
The company’s deputy CEO for Marketing Sales & Business Development, Mr Danny Eschar added:
“The intention of this development is to achieve more endurance time in order to keep our technology leadership in the UAV market which providing advanced solutions to our battery performance.”