US company AgEagle Aerial Systems Inc has announced a USD10.0 million strategic investment in ThirdEye Systems Ltd., an Israeli developer of advanced counter-drone systems
The new U.S.-based entity will provide a line of counter-drone products and systems to the U.S. and Canadian markets, and will operate out of EagleNXT’s headquarters in Allen, Texas, according to the company. EagleNXT will own 51.0% of ThirdEye USA and ThirdEye Systems will own the remaining 49.0%. Under the terms of the joint venture agreement, EagleNXT is entitled to appoint three of the five managers of ThirdEye USA.
“ThirdEye Systems specializes in electro-optical recognition and AI-powered counter-drone systems and has a proven track record of successful field deployments of its optical detection and identification systems for use in fixed installations, armored and unarmored tactical vehicles, and drone-mounted solutions,” said AgEagle in a press statement. “Its product portfolio includes the Argus Shield, Meduza X, Chimera UL, vEYE, fEYE, and Tesseract.”
“ThirdEye Systems has developed world-class, high performance optical recognition and counter-drone capabilities that complement our expanding portfolio of UAS solutions,” said Bill Irby, EagleNXT’s CEO. “With the establishment of the ThirdEye USA joint venture in our Allen, Texas facility, we are strengthening our position in the defense and security markets while delivering American-produced, localized solutions that align with U.S. acquisition and export requirements.”
The company anticipates that ThirdEye USA will be operational by May 2026.
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(Image: Third Eye’s ArgusShield enables high-end object classification and recognition using Deep Neural Network algorithms – image Third Eye)