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Aerodyne Group Makes Strategic Investment in the Largest Drone Solutions Company in the Middle East

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• Strategic investment allows FEDS Group Holdings Ltd to further strengthen its position in Middle East with DT^3 (Drone Technology, Data Technology and Digital Transformation) technology from Aerodyne.
• FEDS to also contribute significantly to Aerodyne’s global vision in geospatial and GRID management solutions.

Kuala Lumpur, Malaysia - 8 April, 2020 -Aerodyne Group, a world-leading provider of dronebased asset management solutions, today announced a strategic investment in FEDS Group Holdings Ltd (“FEDS”), the leading drone player in the Middle East. This investment would allow Aerodyne Group to leverage on FEDS' strong growth trajectory and financial performance to further enhance value for its shareholders.

FEDS brings the expertise of one of the top leaders in the global drone services industry into the Aerodyne family. FEDS has conducted thousands of commercial operations for some of the biggest companies in the Middle East, while Aerodyne itself is already a global leader with more than 300,000 infrastructure assets inspected and managed across 25 countries. Both companies are ranked among the top 20 drone service providers by Drone Industry Insights, a leading source for independent drone market intelligence.

Aerodyne founder and Group CEO, Kamarul A Muhamed said, “We are proud to welcome FEDS into the Aerodyne family. FEDS provides Aerodyne a strong foothold to accelerate our expansion into the Middle East. By combining our expertise and FEDS local content, we have created a platform which is primed to be the market leader in the region and will supercharge our next phase of growth.”

FEDS will continue to provide premium turnkey aerial inspections of infrastructure assets in the energy utilities, geospatial survey, public infrastructure and telecommunications sectors. Leveraging on Aerodyne’s DT^3 technology will enable FEDS to offer deeper disruptive solutions to the Middle Eastern market. By combining smart drones and AI, advanced analytics and solution approach to enterprise digitalization, our solutions will give clients significant performance improvement and cost optimisation.

FEDS founder and CEO, Rabih Bou Rached said, “I am very excited with this strategic alliance and have no doubt that this partnership will add significant value to FEDS, our clients and to Aerodyne Group. We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne.”

This strategic investment is part of Aerodyne’s aggressive two-year global plan which will potentially see the completion of seven M&As within the period. In December 2019, Aerodyne announced a similar strategic alliance with Measure UAS in America.

Rabih Bou Rached also joins the Aerodyne Group’s global leadership team, bringing with him 8 years of invaluable experience and expertise in drone services sectors across multiple verticals.

Commenting on the announcement, Malaysia Digital Economy Corporation’s (MDEC) CEO Surina Shukri said, "I congratulate Aerodyne, a member of MDEC Global Growth Acceleration’s GAIN Programme, on this strategic investment that clearly demonstrates the leadership position it has established globally in DroneTech. I am also proud of Aerodyne's success as it has catalysed a wider adoption of DroneTech as a key enabler of digital transformation across sectors in Malaysia”

-The End-

About Aerodyne

Aerodyne Group is a world-leading provider of drone-based enterprise solutions, and a pioneer in the use of AI as an enabling technology for large-scale data operations, analytics and process optimization. Aerodyne’s staff of over 350 drone professionals operates on an unprecedented level in the UAS services sector, having managed more than 300,000 infrastructure assets with 110,000 flight operations across 25 countries and surveyed in excess of 100,000 km of power infrastructure across 25 countries globally.

Aerodyne is ranked third in the world by Drone Industry Insights (DII) in its ‘2019 Top 10 Drone Service Providers’; was named Frost & Sullivan’s ‘Asia Pacific UAV Services Company of 2019’; and a recipient of the Institute of Engineering and Technology (IET) Malaysia’s ‘Industry Excellence Gold Award 2019’.

About FEDS

FEDS is the first and leading Drone-As-A-Service (DaaS) company in the Middle East and amongst the top 20 drone services providers in the world in 2019, ranked by Drone Industry Insights.

The company is the first DaaS firm in the Middle East that provides highly efficient, and sustainable drone services in the field of mapping, surveying, and inspection for companies in the mega industries—such as oil and gas, sustainable energy and utility, construction and infrastructure.

Currently, the company has its stronghold in the UAE and the Kingdom of Saudi Arabia and expanding steadily in the GCC countries and the MENA region. Headquartered in Dubai, FEDS has completed 1000+ projects in the Middle East & Africa region.

For more details - www.feds.ae

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For enquiries, contact :

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Grace Low

Aerodyne Group

grace@aerodyne.group

AERODYNE GROUP 2019