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Axon will acquire Dedrone, accelerating the development of next-generation drone solutions to protect more lives in more places

Copyright 2024 PR Newswire. All rights reserved
2024-05-06

SCOTTSDALE, Arizona., May 6, 2024 /PRNewswire/ — Axon (Nasdaq: AXON), a global leader in public safety technologies, today announced that 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 bring tremendous value to public and national security entities around the world, protecting against growing drone threats and increasing the use of drones as emergency responders (DFR). Ultimately, once the acquisition is finalized, Dedrone will strengthen Axon’s ability to help customers protect 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, our goal is to once again revolutionize public safety,” said Axon founder and CEO Rick Smith. “Together, we will accelerate our efforts to create a more advanced, end-to-end drone solution that allows good drones to fly and helps ensure bad ones don’t fly.” CEO Dedrone Aaditya Devarakonda said: “Dedrone’s growing influence in industries such as federal government, utilities and critical infrastructure, event venues, airports, correctional facilities and other enterprises, combined with Axon’s powerful ecosystem of connected devices and software, will keep us at the forefront ensuring not only the security 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. 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 Dedron
Dedrone is a global leader in intelligent airspace security. Hundreds of commercial, government and military customers around the world rely on Dedrone’s end-to-end command and control (C2) solution to protect against the persistent and growing drone threat while allowing “good” drones to fly. Using artificial intelligence and machine learning, Dedrone is the only solution that provides continuous, autonomous interrogation and verification of drones, enabling the use of both multiple sensors and multiple mitigation options on a single “pane of glass.” Whether operating on-premises, in the air, or in the cloud, Dedrone customers can easily detect, track, identify, analyze and mitigate drone threats. Dedrone was named one of TIME’s Best Inventions of 2023, Fast Company’s Most Innovative Company of 2024, and a 2023 CNBC Disruptor 50 Award recipient. Dedrone is headquartered in the Washington, D.C. metropolitan area, with additional offices located around the world. For more information on drone activities, visit our Global Incident Center or contact our airspace security experts, visit http://www.Dedrone.com/ and follow us on XVimeo and LinkedIn.

About Axon
Axon is a technology leader in global public safety. Our ambitious goal is to reduce police-community firearm deaths in the U.S. by 50% by 2033. Axon is building the operating system of the future of public safety, integrating hardware devices and cloud-based software solutions that lead modern policing, defense and safety. The Axon ecosystem includes TASER energy devices, body-worn cameras, dash cams, cloud-hosted digital evidence management solutions, productivity software, real-time operations capabilities and third-party integrations through the Axon partner network. Axon’s growing global customer base includes first responders from international, federal, state and local law enforcement agencies, fire departments, correctional facilities and emergency medical services, as well as the criminal justice, commercial enterprise and consumer sectors.
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 U.S. and other countries. More information can be found at www.axon.com/legal. All rights reserved.
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Please visit the websites 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 contained in this press release include, but are not limited to, statements regarding management’s strategy and objectives and other similar expressions. Such statements express our current expectations or forecasts of future events; they do not strictly refer to historical or current facts. Words like “may”, “will”, “should”, “could”, “would”, “anticipate”, “potential”, “continue”, “expect”, “predict”, “future”, “intend” , “plan,” “believe,” “estimate” and similar expressions, as well as future tense statements, identify forward-looking statements. However, not all forward-looking statements contain these identifying words.

We cannot guarantee that any forward-looking statements will be realized, although we believe that we have exercised caution in our plans and assumptions. The achievement of future results involves risks, uncertainties and potentially inaccurate assumptions. The following important factors could cause actual results to differ materially from those contained in forward-looking statements: the ability of the parties to complete the potential transaction and meet expectations regarding the timing and completion thereof; and the risk that the parties will not be able to achieve the expected strategic, financial and other benefits resulting from the potential transaction. Many events beyond our control may determine whether the results we expect will be achieved. If known or unknown risks or uncertainties materialize or if the underlying assumptions prove inaccurate, actual results may differ materially from past results and expected, estimated or projected results. Please keep this in mind when considering forward-looking statements. Our Annual Report on Form 10-K and Quarterly Report on Form 10-Q under the heading “Risk Factors” list various important factors that could cause actual results to differ materially from expected and historical results. These factors are intended to serve as a warning to investors within the meaning of Art. 21E of the Securities Exchange Act of 1934 and Art. 27A of the Securities Act of 1933 and investors should refer to them. You should understand that it is impossible to predict or identify all such factors. Accordingly, such a list should not be considered a complete set of all potential risks and uncertainties.

Except as required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. However, you are advised to review any further disclosures we make on related topics in our reports on Forms 10-Q, 8-K and 10-K to the Securities and Exchange Commission.

CONTACT WITH THE MEDIA:
Alex Engel
Vice President for Corporate Communications
[email protected]

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Axon takes over Dedrone

TASER's Axon brand includes a growing portfolio of connected products and services, from body cameras and digital evidence management tools to mobile applications.

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SOURCE Axon