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home / news releases / MDGS - Medigus picks up 40% stake in Israeli firm with patented safety system for drones

MDGS - Medigus picks up 40% stake in Israeli firm with patented safety system for drones

Medigus Ltd.
Medigus (NASDAQ:MDGS) purchased ~40% of an Israeli drone technology firm with a patented safety system for drones. The drone company developed a patented safety system designed to protect people and payloads, providing a solution to reduce the risk of a drone's possible malfunction in an urban environment. Commercialization phase is underway with sales and deliveries to initial customers throughout a global distribution footprint. The safety technology is ASTM F3322-18 compliant parachute system for the DJI Mavic 2 and Phantom 4 series.

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Medigus picks up 40% stake in Israeli firm with patented safety system for drones
Stock Information
Company Name: Medigus Ltd.
Stock Symbol: MDGS
Market: NASDAQ
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