SCOTTSDALE, Ariz., May 6, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON),
the global public safety technology leader, announced today it
has entered into a definitive agreement to acquire Dedrone, a
global leader in airspace security. Axon's mission to Protect Life
finds a powerful ally in Dedrone, whose innovative technologies
provide immense value to public safety and national security
entities worldwide by protecting against increasing drone threats
and advancing the use of Drones as First Responders (DFR).
Ultimately, upon completion of the acquisition, Dedrone will
strengthen Axon's ability to help customers safeguard their
communities, improve response to critical incidents and protect
even more lives in more places.
"By combining Axon's 30-year legacy of innovation with Dedrone's
cutting-edge airspace security solutions, we aim to revolutionize
public safety once again," said Axon Founder and CEO
Rick Smith. "Together, we will
accelerate our efforts in creating a more advanced end-to-end
drone solution that enables the good drones to fly and helps
ensure the bad ones don't." Dedrone Chief Executive Officer
Aaditya Devarakonda said: "Dedrone's
growing impact across industries such as federal governments,
utilities and critical infrastructure, event venues, airports,
correctional facilities and other enterprises, coupled with Axon's
powerful ecosystem of connected devices and software, will put us
at the forefront of ensuring not only the safety of our communities
but also the security of nations around the world."
The transaction is subject to customary closing conditions and
is expected to close in the second half of 2024. The terms of the
transaction were not disclosed. Axon was advised
by Sullivan & Cromwell LLP and Morgan, Lewis & Bockius
LLP, and Dedrone was advised by Tidal Partners and
Wilmer Cutler Pickering Hale and
Dorr LLP in connection with the transaction.
About Dedrone
Dedrone is the global leader in smart
airspace security. Hundreds of commercial, government and military
customers around the world rely on Dedrone's comprehensive, command
and control (C2) solution to protect against the persistent and
escalating threat from drones while enabling "good" drones to fly.
By leveraging AI/ML, Dedrone is the only solution that provides
continuous, autonomous interrogation and verification of drones
that enables both multi-sensor and multi-mitigation options onto a
single "pane-of-glass." Whether on-premise/air-gapped or in
the cloud, Dedrone customers can easily detect, track, identify,
analyze, and mitigate drone threats. Dedrone has been named one of
TIME Magazine's Best Inventions in 2023, Fast Company's Most
Innovative Companies in 2024 and a CNBC Disruptor 50 recipient for
2023. Dedrone is headquartered in the Washington, D.C.
metropolitan area with additional offices around the world. For
more information on drone-related activity visit our Global
Incident Center or to reach our airspace security experts, visit
http://www.Dedrone.com/ and follow us on X, Vimeo,
and LinkedIn.
About Axon
Axon is the technology leader in global public safety. Our moonshot
goal is to cut gun-related deaths between police and the public in
the U.S. by 50% before 2033. Axon is building the public safety
operating system of the future by integrating hardware devices and
cloud software solutions that lead modern policing, defense and
security. The Axon ecosystem includes TASER energy devices,
body-worn cameras, in-car cameras, cloud-hosted digital evidence
management solutions, productivity software, real-time operations
capabilities and third-party integrations through Axon's partner
network. Axon's growing global customer base includes first
responders across international, federal, state and local law
enforcement, fire, corrections and emergency medical services, as
well as the justice sector, commercial enterprises and
consumers.
Non-Axon trademarks are the property of their respective owners.
Protect Life and the Delta Logo are trademarks of Axon Enterprise,
Inc., some of which are registered in the US and other countries.
For more information, visit www.axon.com/legal. All rights
reserved.
Follow Axon here:
- Axon on X/Twitter: https://twitter.com/axon_us
- Axon on Facebook:
https://www.facebook.com/Axon.ProtectLife/
Note to Investors
Please visit http://investor.axon.com, https://www.axon.com/press,
www.twitter.com/axon_us and
https://www.facebook.com/Axon.ProtectLife/ where Axon discloses
information about the company, its financial information and its
business.
Forward-Looking Statements
Forward-looking statements in this press release include,
without limitation, statements of management's strategies, goals
and objectives and other similar expressions. Such statements give
our current expectations or forecasts of future events; they do not
relate strictly to historical or current facts. Words such as
"may," "will," "should," "could," "would," "predict," "potential,"
"continue," "expect," "anticipate," "future," "intend," "plan,"
"believe," "estimate," and similar expressions, as well as
statements in future tense, identify forward-looking statements.
However, not all forward-looking statements contain these
identifying words.
We cannot guarantee that any forward-looking statement will be
realized, although we believe we have been prudent in our plans and
assumptions. Achievement of future results is subject to risks,
uncertainties and potentially inaccurate assumptions. The following
important factors could cause actual results to differ materially
from those in the forward-looking statements: the parties' ability
to consummate the potential transaction and to meet expectations
regarding the timing and completion thereof; and the risk that the
parties may be unable to achieve the expected strategic, financial
and other benefits of the potential transaction. Many events beyond
our control may determine whether results we anticipate will be
achieved. Should known or unknown risks or uncertainties
materialize, or should underlying assumptions prove inaccurate,
actual results could differ materially from past results and those
anticipated, estimated or projected. You should bear this in mind
as you consider forward-looking statements. Our Annual Report on
Form 10-K and our Quarterly Reports on Form 10-Q list under the
heading "Risk Factors" various important factors that could cause
actual results to differ materially from expected and historical
results. These factors are intended as cautionary statements for
investors within the meaning of Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933,
and investors should refer to them. You should understand that it
is not possible to predict or identify all such factors.
Consequently, you should not consider any such list to be a
complete set of all potential risks or uncertainties.
Except as required by law, we undertake no obligation to
publicly update forward-looking statements, whether as a result of
new information, future events or otherwise. You are advised,
however, to consult any further disclosures we make on related
subjects in our Form 10-Q, 8-K and 10-K reports to the Securities
and Exchange Commission.
MEDIA CONTACT:
Alex Engel
Vice President, Corporate Communications
Press@Axon.com
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