Page 26 - 15th july 2024

AGREEMENT
AGREEMENT

PteroDynamics and critical unmet needs of our custom-
ers.Not only does Overwatch have
Overwatch partner to deep domain experience in avionics
and aero-mechanical engineering, but
their ties with commercial and defence
expand Transwing VTOL customers in the UK, KSA, and UAE will
prove to be a game-changing advantage
for both companies. We are excited to
work closely with Overwatch and look
PteroDynamics and Overwatch partner to expand Transwing VTOL forward to growing this important stra-
globally, focusing on UK, UAE, and KSA Markets for Defense and tegic relationship.”
Commercial Use. These unique performance charac-
teristics offer defense and commercial
operators a cost-effective, autonomous
alternative for critical logistics resupply
and remote missions. Currently, these
tasks rely on crewed aircraft, boats, or
less practical means.
Drew Michael, CEO at Overwatch
Group, said, “We are extremely proud
to have secured our long-term strategic
relationship with PteroDynamics. Both
companies are dynamic engineering
enterprises that design and manufac-
ture unique, patented technology from
the ground up. Our R&D of cutting-
edge payload technologies continues
to gather pace as we develop our next
generation of drones, and we now wish
PteroDynamics’s Transwing is a pioneering VTOL aircraft that merges fixed-wing speed, range, and to extend our expertise into wider mar-
endurance with superior VTOL performance. kets. Having assessed the market, the
Transwing stood out as transformational
teroDynamics Inc. and Overwatch needs of potential customers in these dual-use technology, and the whole of
PGroup have signed a distribution regions. This strategic approach aims Overwatch is excited by how we will
agreement and established a long-term to effectively cater to market demands enhance it.”
strategic relationship. This collabora- and enhance operational capabilities. Prototypes of the Transwing are
tion aims to introduce the innovative PteroDynamics’ Transwing represents presently being evaluated by the U.S.
dual-use autonomous Transwing (VTOL) a groundbreaking VTOL aircraft sys- Naval Air Warfare Center Aircraft Divi-
aircraft outside the United States. tem. It combines the speed, range, and sion (NAVAIR NAWCAD). Additionally,
Under the agreement, Overwatch will endurance of fixed-wing aircraft with this evaluation forms part of the Blue
exclusively represent PteroDynamics exceptional VTOL capabilities in an effi- Water Maritime Logistics UAS (BWUAS)
Transwing unmanned aerial systems cient, highly automated platform. More- program, which aims to automate long-
(UAS) in the United Kingdom (UK) for over, this innovation addresses inherent range maritime resupply missions. The
non-commercial sales. limitations in other VTOL designs. The program focuses on enhancing efficien-
Additionally, Overwatch will handle aircraft seamlessly transitions between cy and reliability in maritime logistics
prospective commercial and defense vertical and winged horizontal flight operations.
sales in the United Arab Emirates (UAE) by folding its wings. Furthermore, this Automating maritime logistics and
and the Kingdom of Saudi Arabia (KSA). innovative design eliminates the need resupply presents a significant opportu-
Moreover, Overwatch has made a stra- for extra launch and recovery infrastruc- nity for commercial operators. Offshore
tegic investment in PteroDynamics to ture. Additionally, it occupies a minimal oil and gas production experiences av-
further solidify their partnership. footprint and allows for immediate erage losses of U.S. $49M annually per
Overwatch, as the inaugural distribu- VTOL operations. producer due to unplanned downtime.
tor of this technology, aims to promote Matthew Graczyk, CEO at PteroDynam- Moreover, these vessels, totaling nearly
the adoption of the Transwing aircraft ics, said, “PteroDynamics ability to build 100,000 and each over 100 gross tons,
platform globally, beginning with the successful working strategic relation- make 4.4 million ports of call annually.
UK, UAE, and KSA. Overwatch leverages ships with leaders in our industry This necessitates costly and challenging
its engineering expertise in unmanned enables us to accelerate innovation delivery scheduling before reaching the
systems and payloads to address the and build the solutions that solve the port

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