PABLO AIR, a leading integrated control and mobility specialist for urban air mobility (UAM), has announced a Memorandum of Understanding (MOU) with 42air, a U.S. drone delivery company and subsidiary of autonomous driving technology firm 42dot, which is affiliated with Hyundai Motor Group.
42air has gained recognition for its successful delivery of goods to ships off the coast of New Orleans over the past three years. The company employs an integrated UAV delivery system that utilizes its innovative Gadget smart delivery winch. This autonomous delivery system ensures precise placement of goods at the intended destination using cables.
On the other hand, PABLO AIR has recently established its first drone delivery center in Korea. Through its "Olivery" and "Smart Mobility Integrated Control System," the company offers systematic drone delivery solutions. In partnership with the New York Aviation Promotion Agency (NUAIR), PABLO AIR successfully demonstrated drone delivery in a restricted airspace area in the United States last year. Furthermore, the company is currently engaged in a NASA-led urban flight stability project.
The Korean government has conducted various demonstration projects to collect drone delivery data and ensure operational stability. With their new business agreement, PABLO AIR and 42air plan to combine their capabilities and resources to integrate products and services, collaborating on both domestic and international drone delivery operations. PABLO AIR will equip its delivery aircraft with 42air's Gadget devices and utilize specialized software for precise control.
Kim Young-Joon, CEO of PABLO AIR, expressed the shared vision of both companies in recognizing the significant impact that drones will have on the future of logistics delivery. By leveraging 42air's technology and infrastructure, they aim to lead the drone delivery industry and provide more practical and cost-effective services.
Henk Goosen, CEO of 42air, emphasized the potential for collaboration beyond local government drone delivery projects. The companies are considering expanding their delivery services to connect the Incheon and Busan seaways, as well as major ports in Asia, including Singapore.
In March, PABLO AIR appointed Daishin Securities as its lead underwriter with the intention of listing on KOSDAQ, a technology-focused stock market, in the second half of 2024. As part of its preparations for the public listing, the company is currently securing equity through pre-IPO investments.
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