Shares in safety and security products maker Axon Enterprise (NASDAQ: AXON) were up 7% Thursday, as of 12:15 p.m. EST. The company announced a new partnership with drone maker Skydio to expand its offerings to law enforcement and emergency responders.
The partnership will bring Skydio's autonomous, artificial intelligence (AI) -powered drones into the Axon Air program for public safety applications. Axon is mainly known for its Tasers, body cameras, and related software. The company says the imagery from Skydio's drones will be integrated into Axon Evidence -- its digital evidence management platform -- along with body camera imagery.
Skydio drone with camera. Image source: Skydio.
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Why Axon Enterprise Stock Rose Today