Shield AI Signs Definitive Agreement to Acquire Martin UAV
PLANO, Texas, July 28, 2021 (Newswire.com) - Shield AI, a fast-growing technology company that develops artificial intelligence and self-driving car technologies for the defense industry, today announced that it has signed a definitive agreement to acquire Martin UAV, an aerospace company best known for its industry-leading vertical takeoff and landing (VTOL) unmanned aircraft, V-BAT. Shield AI will integrate its combat-proven autonomy software, Hivemind®, into the V-BAT, reinforcing Shield AI's leadership position in defense-focused edge autonomy.
Shield AI's Hivemind® is the leading artificial intelligence and autonomy stack for a variety of applications across the defense landscape. It uses state-of-the-art path-planning, mapping, state-estimation, and computer vision algorithms, combined with reinforcement learning and simulations, to train unmanned systems to execute a variety of missions - from infantry clearance operations to breaching integrated air defense systems with unmanned aircraft.
The V-BAT, with its innovative, near-zero footprint VTOL and long-endurance capabilities, is unlike any UAS on the market. Propelled by a single, ducted, thrust-vectored fan, it takes off and lands in the style of a SpaceX rocket. It offers 11 hours of flight time, carries 25 lbs. of payload, and can hover and stare 10 times longer than any of its competitors. Its logistics footprint fits into the bed of a pickup truck or inside a Blackhawk helicopter, significantly reducing the total cost of capability. U.S. and international customers view the V-BAT as a flexible platform capable of performing Group 1 UAS to Group 4 UAS missions and beyond.
"Expeditionary. Intelligent. Collaborative. Expeditionary means capability on the edge, within control of the units who need it most. V-BAT is expeditionary today. Intelligent means aircraft that make their own decisions to execute commander's intent to accomplish missions with or without reach-back. Collaborative means numerous V-BATs working together to provide access and area coverage with resilience in high-threat environments. The combination of Shield AI and Martin UAV and the integration of Hivemind® into the V-BAT represents the future of unmanned aircraft," said Brandon Tseng, Shield AI cofounder and former Navy SEAL.
"GPS and communications on the battlefield are no longer assured. A great aircraft without an AI to make intelligent decisions will be sidelined against China, Russia, and an increasing number of adversaries who are fielding electronic warfare and anti-air systems. Shield AI is one of the only companies that has operationalized advanced aircraft autonomy on the battlefield. Hivemind will make V-BAT the first and only Group 3 UAS built for sustained operations in denied environments," according to Ruben Martin, CEO Martin UAV.
"Our team extensively examined the VTOL aircraft market. The architecture of the V-BAT is special. It looks different because it is different - no product or technical architecture is better positioned to meet current and future Department of Defense needs. The engineers behind V-BAT solved extremely complex problems with innovative and first-principles approaches. By addressing these problems, they unlocked critical advantages over other VTOL aircraft," said Ryan Tseng, Shield AI CEO and cofounder.
Martin UAV's V-BAT has over two years of persistent operational experience at sea in support of SOUTHCOM, the U.S. Marine Corps, and multiple international customers. In April of 2021, the US Navy selected the V-BAT over 13 prime OEM competitors in a highly competitive selection process, naming Martin UAV the sole winner of the Mi2 competition.
Last week, Shield AI announced its acquisition of Heron Systems, the winners of the DARPA AlphaDogfight Trials bolstering applications of Hivemind® for Group 5 and next-generation fighter aircraft. The acquisition of Martin UAV complements a deliberate strategy to integrate Hivemind® onto unmanned systems for defense and commercial applications. Shield AI is building a portfolio of systems via vertical integration and strategic partnerships centered around its Hivemind® AI and autonomy stack.
Advisors
Shield AI retained JPMorgan Chase & Co. as exclusive financial advisor and Reed Smith LLP as legal advisor in connection with the transaction. Martin UAV retained Houlihan Lokey as exclusive financial advisor and Clark Hill PLC as legal advisor in connection with the transaction.
About Shield AI
Shield AI is a venture-backed company built around a team of proven executives, warfighters with relevant national security experience, and world-class AI engineers. The company is headquartered in San Diego, CA, with satellite offices across the United States. Shield AI's products and people are currently in the field actively supporting operations with the U.S. Department of Defense and allies. For more information, visit www.shield.ai.
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About Martin UAV
Martin UAV is a private, advanced technology company based in Plano, TX. The company specializes in building wholly unique, unmanned aircraft systems and associated flight control software. The company's systems are commercially developed to fill critical operational needs in tactical & confined operational environments. Its V-BAT series aircraft is the only single-engine ducted fan VTOL that has the ability to launch & recover from a hover, fly up to 11 hours in horizontal flight, and make mid-flight transitions to "hover & stare" at any time throughout a given mission set. For more information, visit www.martinuav.com.
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Source: Martin UAV
