Ann: Activity Report and Appendix 4C- Update, page-2

Just re-read this quarterly in anticipation of the next quarterly being the only news we receive for the month.

Interesting find in the summary points and footnote:




So we effectively have HALO locked into the drone design for drone manufacturers that are involved in the NAAMA Hadera Initiative (https://www.timesofisrael.com/drones-deliver-sushi-beer-and-ice-cream-in-tel-aviv-as-part-of-pilot-project/). According to the NAAMA website, the official participants are (https://israeltrade.org.au/2021/04/07/the-naama-project-towards-creating-a-national-drone-network-for-commercial-delivery-medical-transport-and-urban-air-mobility/)

- Highlander Aviation Ltd

- Cando drones (https://cando.co.il/en/#section_1)

- HarTek Technologies Ltd

- F. T Technologies Ltd.

- Skylinx Technologies Ltd

- Simplex Interactive Ltd (https://www.simplex-c2.com/)

- Airwayz Drones Ltd (https://www.airwayz.co/)
Interesting on their website, they are an OEM partner with ISS Aerospace (UK). These guys seem to be pretty big players (https://www.issaerospace.com/). Have a look at their clients; of particular interest aside from both government and major aviation players is total energy, which is a huge energy provider in Europe.

From the above, I believe that Cando and Highlander are the main drone manufacturers, with the others being technology providers.

Whilst my patience with this company has been well and truly tested, it seems that once the 8 stages of the NAAMA Hadera Initiative are completed, the drone delivery market may mature significantly.