BGF has invested an additional GBP3.5 million in Operational Solutions Limited (OSL), bringing its total stake in the counter-UAS technology company to GBP11.5 million.
The investment allows OSL – which already provides C-UAS services to London Heathrow Airport and Wembley Stadium, among other sites, to expand its reach to international airports and grow further into the sports and events market, and to fund additional R&D activities. The company has more than doubled its staff and grown revenues by 50% over the last year. “From expanding our team and our technical capabilities, to entering new and exciting markets, the solutions we can offer to organisations [are] garnering interest and demand from all around the world,” said CEO Mark Legh-Smith. “As we continue to expand into new markets with unique and complex challenges, we remain committed to continual technological innovation”. OSL also continues to lead a consortium through Project HADO, designed to dramatically accelerate commercial adoption of autonomous drones in high intensity environments in the UK.
Liam Pursall, investor at BGF, said: “OSL’s growth and technological development since our initial investment in 2021 has been very impressive,” said Liam Pursall, an investor at BGF. “As the drone industry continues to gather pace, the need for comprehensive counter-drone capabilities and accurate situational awareness is growing across multiple end markets […] Thanks to its leading technologies and expertise, OSL is at the forefront of this exciting new sector and its technology is key to unlocking the much anticipated Drone Revolution”.
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(Image: OSL’s Drone Alert Service (DAS) is already enhancing audience safety at the 90,000 capacity Wembley Stadium in London. Credit: OSL)