Hanwha Aerospace invests in Israeli startups with anti-jamming technology

COMPANY / Reporter Kim Jisun / 2023-04-25 19:21:07
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
창원 국가산단 한화에어로스페이스 공장 전경. (사진=한화에어로스페이스)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Hanwha Aerospace announced on the 25th that it has participated in Series A investment in Israel's InfiniDOME, which has 'anti-jamming' technology to cope with radio interference of global positioning system (GPS).

InfiniDOME's method of investment is a conditional acquisition agreement (SAFE). SAFE is an investment in the form of a pre-sale that pays the investment first and later acquires a stake at a discounted price. It is mainly used to preoccupy promising start-ups. InfiniDOME is a startup that produces products that are cheaper but superior to competitors in the anti-jamming solution market.

The investment was made to secure preemptive technologies to respond as jamming attacks that neutralize GPS pose a threat to the private sector such as delivery drones, robots and autonomous driving in addition to the military sector.

Hanwha Defense, which was merged by Hanwha Aerospace in January, also developed its own anti-jamming technology to produce tactical-level guided weapons and ground vehicle anti-jamming devices. The investment is expected to create synergy if Infinidome and Hanwha Defense cooperate.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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