Deal Snapshot
Honeywell Acquires UAV Power Specialist Ballard Unmanned Systems
Friday 16 October 2020

US-based technology company Honeywell (NYSE: HON) has acquired assets from Canadian fuel cell developer Ballard Power Systems Inc's (NASDAQ: BLDP) privately held Ballard Unmanned Systems subsidiary, the company said.

Ballard Unmanned Systems designs and produces stored-hydrogen proton exchange membrane fuel cell systems that power unmanned aerial systems, particularly those used for energy inspection, cargo delivery, and other commercial and defense applications where demand for UAS services is growing.

Date Published: 16/10/2020