Cyber Defense Systems has announced it has signed a letter of intent and reseller agreement with V-TOL as the two companies will look to enhance each other in the global marketplace.
The new entity will be called Cyber Aerospace Australia, and will be a joint venture to manufacture and develop a family of unmanned air vehicles.
Located in Brisbane, Australia, the ownership will be divided 50/50 between the two parent corporations. The Board will consist of four members, two from Cyber Defense Systems and two from V-TOL. The position of Chairman of the Board will be rotational.
Cyber Defense Systems will provide VTOL with solutions that will bridge capability gaps that may be created by a customer's mission requirement.
Such solutions may include, but are not limited to: high altitude unmanned aerial vehicle technology, fixed wing airship technology, and multi-use platform vehicle technology. These technological solutions will be critical to the continued development of the Joint Ventures next generation robotic air-platforms.
The first project to be developed will be the next-generation CyberScout. This composite jet turbine version of the current flying prototype CyberScout. The project has been fully funded with the full production scheduled to begin in approximately 6 months.
The new CyberScout over all dimensions will be approximately 90" by 90", weigh 70 lb fully fueled, have 1 hour of flight time, 40 lbs of payload including fuel with a 250 Knots top end airspeed.
The newly formed entity will enable Cyber Defense Systems & V-TOL to pursue Capital financing both in USA and within Australia and through grant programs in each country.
We are delighted to have partnered with V-TOL for the design, development and implementation of our line of UAV's," commented Mr. Billy Robinson, CEO of Cyber Defense Systems.
"Their design and support of next-generation airborne platforms is unparalled in the industry, and we look forward to developing the world's most sophisticated UAV's, added Mr. Robinson."
Mark Antonio Xavier, Managing Director, V-TOL Aerospace, commented, "With the recent agreement to become the CyberBug reseller and entering into the LOI, we look forward to our newly formed partnership with Cyber Defense and believe our complementing technologies will enable us to deliver low-cost defense and communication technology solutions to the world."
Cyber Defense Systems
Techsphere Systems International
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