The transaction adds robust, proven
counter-UAS capabilities to one of the world's leaders in
autonomous flight innovation
IRVINE,
Calif., June 27, 2024 /PRNewswire/ -- DZYNE
Technologies ("DZYNE"), a leading developer and manufacturer of
autonomous technologies including Group I-V UAS platforms, today
announced the strategic acquisition of High Point Aerotechnologies
("High Point"), a global leader in the design and manufacture of
innovative air defense technologies focused on counter-uncrewed
autonomous systems ("C-UAS"). The transaction marks a significant
milestone as DZYNE continues to accelerate its growth trajectory
and broaden its autonomous technology offerings.
The acquisition creates a unique platform encompassing a range
of proven defense technology solutions, including (i) autonomous
aircraft technologies, encompassing both long endurance ISR and
launched effects, (ii) counter-UAS solutions, (iii) AI/software
technologies, and (iv) mission operations capabilities. The
combination allows DZYNE to leverage its 12+ years of expertise in
advancing sensitive autonomous defense technologies to the
Department of Defense by extending into the C-UAS domain.
"This acquisition represents a new chapter for DZYNE's
AI-enabled products," stated Matt
McCue, CEO of DZYNE Technologies. "By combining
cutting-edge, mission-proven C-UAS technologies with our cost
disruptive airborne ISR and innovative launched effect platforms,
DZYNE is able to bring end-to-end technology and mission solutions
for our country's most important missions sets."
Known for its rapid design, development, and deployment of
advanced autonomous aircraft systems, DZYNE has consistently pushed
the technological bounds of autonomy while also upending the
traditional cost paradigm of unmanned autonomous systems. DZYNE's
long-endurance uncrewed aircraft, LEAP, and ultra-long-endurance
uncrewed aircraft, ULTRA, offer unmatched combinations of
endurance, payload capacity, and affordability.
Al White, CEO of High Point, will
continue to manage the C-UAS business inside of DZYNE as EVP of Air
Defense Technologies. As part of a previously planned leadership
transition, Mr. Matt McCue has
succeeded Dr. Tom Strat to serve as
DZYNE's CEO; Dr. Strat will continue as a member of DZYNE's Board.
The Company also announced the hiring of Mr. Jeff Payne as Chief Financial Officer and
appointments of Dr. Jeff Maas as
Chief Technology Officer, Hon. Christopher
C. Miller as Chief Strategy Officer, Mr. Joseph Francescon as Chief of Government
Affairs, and Mr. Davey Gibian as
Head of AI Strategy. Recently announced Chief Revenue Officer Mr.
David Levy will continue in this
role.
DZYNE and High Point are both portfolio companies of Highlander
Partners, a Dallas-based private
investment firm.
"The combination of DZYNE and High Point establishes an
autonomous defense platform with a remarkable and synergistic range
of capabilities, and the integration of these premier engineering
teams will even further accelerate the development of creative
solutions demanded in a rapidly evolving industry," commented
Ben Slater, a Partner at Highlander
and the Chairman of DZYNE. "DZYNE is very well-positioned to
continue to play a meaningful, disruptive role in the future of
defense technology."
About DZYNE Technologies:
DZYNE is a high-growth,
leading technology developer and manufacturer of airborne and
ground based autonomous defense solutions purpose-built to meet the
modern defense needs of customers around the globe. The company's
solutions encompass the entire autonomous defense lifecycle and
include multiple U.S. Government Programs of Record across UAS and
C-UAS technologies. Together with legacy subsidiary companies High
Point Aerotechnologies and Flex Force Enterprises, DZYNE is proud
to support U.S. and allied military and civil defense partners and
operations globally. For more information, visit
www.dzyne.com.
About High Point Aerotechnologies
High Point is a
global and mission-proven leader in C-UAS solutions across air,
land, and maritime domains. Its innovative physical solutions and
DefenseOS open architecture software environment enable operations
at machine speed to detect, identify, track, and defeat UAS
threats. Its products range from exquisite military-grade air
defense systems capable of kinetic defeats, to the compact and
cost-effective Dronebuster jammer, the most widely deployed
handheld C-UAS system in the world. For more information, visit
www.highpointaerotech.com.
About Highlander Partners
Highlander Partners, L.P. is
a Dallas-based private investment
firm with more than $3 billion in
assets under management. The firm focuses on making investments in
businesses in targeted industries in which the principals of the
firm have significant operating and investing experience.
Highlander Partners employs a buy and build investment approach,
creating value by helping companies grow both organically and
through acquisitions. For more information, visit
www.highlander-partners.com.
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SOURCE DZYNE Technologies