Innocon Overview
Innocon develops and produces unmanned aerial vehicles (UAVs) and command and control (C&C) systems. The company was founded in 2001 and is headquartered in Rosh Ha'ayin. Innocon's UAVs range in size from full-scale aircraft to lightweight micro-UAVs. The company's products are used by military and civilian customers in several countries around the world. Innocon's UAVs are equipped with a variety of sensors, including electro-optical, infrared, and radar. The company's C&C systems allow users to control and monitor their UAVs in real time. Innocon's products are used for a variety of missions, including surveillance, reconnaissance, and target acquisition.
Latest News
Growth-negative
Israel's Innocon Wins Indian Order For Micro Falcon UAV
The articles discuss various issues related to the US Department of Defense. These include the poor state of military barracks, allegations against a senior official for running a dogfighting operation, Ukraines plan to become a global military hub, the potential impact of a government shutdown on national defense, and Chinas military purge. The articles also mention the USs new military aid package for Ukraine, Chinas display of military force in the Pacific, the concept of hybrid planes in commercial aviation, and international support for Ukraines defense efforts.
InvestmentManagement Changes
growth-positive
UAV co Innocon seeks reverse merger on TASE
Innocon, an unmanned aerial vehicle (UAV) maker, is in talks with stock market shell Financial Force for a reverse merger. Innocon sells its range of light UAVs, called the Falcon, mostly to Peru, Thailand, and African countries. The company wants to list on the TASE to raise capital and expand into new markets. Innocons turnover is a few million dollars a year, and it previously raised $1 million from IMC Microwave Industries for a 20% stake. Financial Force values Innocon at $20 million, four times its valuation in the IMC deal.
Public Trading
growth-positive
Israeli UAV company Innocon looks to exit
Israeli drone developer Innocon is planning to raise $2 million in return for a 20% stake in the company, with the aim of strengthening its marketing activity. The companys goal is to increase its annual sales from $2 million to $30 million within three years. Innocon is also planning an exit strategy, either through an IPO or by being sold to a large defense company. The companys customers include Elbit Systems and BAE Systems, and its drones are used in the US, Israel, and countries in Asia and Africa.
InvestmentPublic TradingCustomers
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 0 |
| Investors | 0 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | www.innoconltd.com/ |
Locations
Afek Park Junction, Rosh Haayin, Israel
Photos & Videos
3 item(s)
