IMCO Industries and Innocon Sign MOU to Promote Joint UAV Venture

IMCO Group, a leading provider of complex solutions for air, land, and naval defense applications, and Innocon Ltd., an innovative Israeli
developer and manufacturer of Tactical UAVs ranging from micro-UAVs to full-size light airplanes, announced the signing of a Memorandum of Understanding (MOU) showing intention to combine their capabilities for establishing a joint venture in the field of Unmanned Aerial Systems for defense, HLS, and security applications.

IMCO Industries CEO, Mr. Eitan Zait: “We are happy to partner with Innocon, an innovative developer of tactical UAVs. IMCO Group, together with its subsidiaries, affiliates, and partners, offers One-Stop-Shopping for end-to-end integrated defense solutions. The MOU with Innocon will allow us to offer customers all around the world uniquely tailored tactical superiority defense solutions using UAVs equipped with sensors, communications, and independent computing power on the battlefield.”

Zvika Nave, Innocon CEO: “We are excited to cooperate with IMCO Industries, a Prime System Integrator of complete defense solutions, and believe that together with the high-end capabilities Innocon brings in the field of UAV development and manufacture, we will be able to provide advanced tactical solutions for different defense applications”.

IMCO Industries Ltd. (Tel Aviv Stock Exchange TASE: IMCO) is a leading defense provider of complex solutions for air, ground, and naval applications. With proven manufacturing capabilities in Israel, the USA, and India, IMCO combines state of the art design, global production and project management capabilities to provide what the customer needs where it needs it. Together with its subsidiaries, affiliates and partners, IMCO Group offers design, development and production of unique Terrain Dominance range of solutions, that offer scalable tactical superiority capability using
drones and UAVs equipped with sensors, communications, multi axial positioners and independent computing power for the defense, HLS, and security markets.

Innocon Ltd. is an Israeli developer and manufacturer of Tactical UAVs ranging from micro-UAVs to full-size light airplanes. The company delivers either complete systems or major sub-systems, and offers avionics integration services. Innocon’s technological advantages are clearly demonstrated in the superior performance of its core command and control technology on all company UAVs.

Innocon will be part of the IMCO Group stand at the IDEX 2021 Defense Exhibition in Abu Dhabi.

For more information visit https://www.imco-ind.com/

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