BT Brands Inc. and Aero Velocity Announce Merger to Advance Drone Technology Solutions
Reuters
Sep 03
BT Brands Inc. and Aero Velocity Announce Merger to Advance Drone Technology Solutions
BT Brands Inc. and Aero Velocity Inc. have announced the execution of a definitive merger agreement to combine both companies. This merger, which is an all-stock transaction, will focus on advancing drone technologies and providing AI-powered solutions for government and commercial clients. Aero Velocity, known for its comprehensive drone services, integrates Artificial Intelligence and data science to deliver actionable insights from data acquired via Unmanned Aerial Vehicles (UAVs). The combined company aims to enhance efficiency and sustainability across its customer base, leveraging Aero Velocity's expertise in sectors such as precision agriculture, environmental monitoring, and rapid emergency response.
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