The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Data carrier and video solution company Elsight has been swept up in what could be the next step in drone technology
  • The company announced today it received a ten-unit order of its “Halo” drone products from major American drone player, Airobotics
  • Airobotics says it’s looking to integrate Elsight’s fast bandwidth speeds, quality video processing, and low battery usage with its own models to emerge as a front-runner in the highly active drone market
  • In testing the integration of technologies for the hybrid-drone concept, a trial will begin this coming November — just days away
  • Share prices in Elsight gained 11.3 per cent today, seeing it valued in trading for 39.5 cents each on the Australian market

Data and video solution company Elsight has received a major order on its drone applications that will see a new hybrid breed hit the skies.

The company announced today it received a major supply order for ten of its “Halo” drone products from American-based unmanned aerial vehicle (UAV) player, Airobotics.

Airobotics UAVs are running a forefront in automated technology, which Elsight hopes to pair up with its fast video processing and bandwidth capabilities.

“We are thrilled to be moving our partnership with Airobotics forward with this first Halo purchase order,” Elsight CEO Nir Gabay said

“We are excited about the opportunity to demonstrate Halo’s unique, industry leading capabilities with respect to obtaining [Federal Aviation Administration] certification, as well as other difficult to obtain certifications,” he added.

Elsight used today’s news to also boast not only on their drone capabilities in data transfer, but low battery usage and light-weight specs.

In testing the integration of technologies between Elsight and Airobotics, a trial will begin this coming November — just days away.

“We look forward to having Elsight as a strategic partner,” Airobotics Co-Founder and Senior Vice President of Research and Development Meir Kliner said.

“Integration of Elsight’s Halo adds value to our system and further enhances its capabilities for longer-range drone flights, helping us pave our way towards our goal of becoming the most valuable data collection system to power smart cities.”

Airobotics believes the upgrade in integrated drone technology will pose a new edge to differentiate its product ahead of the popular market.

The company hopes to speak to a major demand in the drone market: “beyond the visual line of sight” (BVLOS).

BVLOS refers to when a drone is being operated in a line of sight beyond what the operator themselves can see. It’s regarded as the next step in drone technology and Airbotics hopes to achieve through the new technological upgrade.

Share prices in Elsight gained 11.3 per cent today, seeing it valued in trading for 39.5 cents each on the Australian market.

ELS by the numbers
More From The Market Online
The Market Online Video

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Shekel Brainweigh CEO, Nir Leshem, joins The Market Online to provide an update on how AI…

Bridge SaaS shares soar as new CEO is announced

Bridge SaaS Limited (ASX: BGE) has appointed Mr Daniel Brewer as Chief Executive Office

Why the Government needs to lift its game in supporting ‘right to repair’ laws in Australia

Since the early noughties, two trends have coalesced in Australian society: a growing awareness of environmental issues – together with the attendant need

UNITH’s digital humans expand into Amazon; Facebook

AI-powered 'Digital Human' chatbot developer UNITH has announced its in-house tech can now harmonise with that…