Airlogix CMO Viktor Lokotkov announced that the Ukrainian company will deploy almost the full production cycle of its drones in Canada with local partner Sentinel.
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According to Lokotkov, the technology is not transferred in full, but is provided under a contract that will be signed between the governments, the Joint Venture, and the Defense Forces of Ukraine.
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Viktor Lokotkov explained that the shares in the joint venture «are distributed within the framework of Canadian legislation… in accordance with the contribution of each team to the implementation of the projects.»
At the same time, he called the specific distribution of shares in the joint venture a commercial secret.
«We have already done this in Ukraine, so in Canada we will do the same, but at a faster pace: we already know all the pitfalls of launching production,» Lokotkov added.
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As Lokotkov stated, the launch of production in Canada is being financed by the Canadian government.
The CMO of Airlogix also confirmed that their company plans to sign as many as six joint venture agreements this year. The first has already been created with the German Auterion, the second with the Canadian Sentinel, and four more agreements are in the preparation stage.
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I’m not a military expert, but that seems to be an interesting read:
Other nations thirst for Ukraine’s drone success — but they need a culture shift first