British Business Secretary The Rt. Hon Dr. Vince Cable Visits Dynamatic Park
On December 12, 2013, Dynamatic Technologies hosted a business delegation from UK which was lead by The Rt. Hon. Dr. Vince Cable, Secretary of State, Department for Business Innovation & Skills, Govt. of UK, and included Mr. Ian Felton, Dy. High Commissioner, British Dy. High Commission, Bangalore, Mr. Michael Gibbs, Press Secretary, BIS Press Office, Department for Business Innovation & Skills, Govt. of UK, Mr. Venkatesh Janakiram, Sr. Trade & Investment Advisor, UKTI, British Dy. High Commission, Bangalore as well as business representatives. The visit was a part of Dr. Vince Cable’s four day trade visit to India to develop business opportunities and strengthen existing partnerships.
The delegation spent over 2 hours at Dynamatic Park touring the facilities and interacting with the leadership team for insights into the Yellow Brick Road Strategy which has enabled the Company to emerge as fast growth manufacturing specialist with highly synergistic business partnerships between its Aeronautic and Hydraulics Manufacturing Facilities in India and UK.
( L-R) Ian Felton, Dy. High Commissioner, British Dy. High Commission Bangalore, Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited, The Rt.Hon. Dr. Vince Cable, Secretary of State, Department for Business Innovation & Skills, Govt. of UK, Hanuman Sharma, Chief Financial Officer, Dynamatic Technologies Limited and Venkatesh Janakiram, Sr. Trade & Investment Advisor, UKTI, British Dy. High Commission – Bangalore, at Dynamatic Park.
Dynamatic Technologies and AeroVironment Sign Teaming Agreement for Unmanned Aerial Vehicles
Dynamatic Technologies and AeroVironment Inc. (NASDAQ: AVAV), a world leader in Unmanned Aircraft Systems, have signed a Teaming Agreement to address the growing global demand for Unmanned Aircraft Systems. The agreement provides for the manufacture of UAVs in India, which will enable Dynamatic Technologies and AeroVironment to work together on a number of business opportunities for potential customers including the Ministry of Defence and the Ministry of Home Affairs.
Dynamatic Technologies is a demonstrated leader in the Indian private sector for Aerospace and Defence products, having partnered with the Ministry of Defence and its associated agencies like Hindustan Aeronautics Limited on key projects including the Sukhoi Su-30MKI Fighter Bomber, the IJT-36 Intermediate Jet Trainer, and the Lakshya Pilotless Target Aircraft.
"Teaming with AeroVironment is strategic to our efforts to build capabilities in the Aerospace Segment" said Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited "The combination of AeroVironment's technical capabilities and unmatched experience in Unmanned Aircraft Systems and Dynamatic's precision engineering capabilities, along with the strong brand equity of both Companies, will facilitate the availability of world-class UAVs"
With over 24,000 UAVs delivered worldwide, AeroVironment has the largest operational deployment of UAVs in the world and its products are extensively used by the military forces of the United States and 24 other countries.
"This teaming agreement is a key component of AeroVironment's continued international growth," said Roy Minson, AeroVironment Senior Vice President and General Manager of the company's unmanned aircraft systems business segment. "We believe that Dynamatic Technologies' successful track record makes them an ideal teammate for introducing our leading small unmanned aircraft systems to this market,"
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