Sumitomo Corporation of Americas Leads Series A Funding Round for OneSky Systems Inc.; Acquires Stake in Unmanned Aerial Systems Analytics Provider
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
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Source: PR Newswire
NEW YORK, April 20, 2020 /PRNewswire/ -- Sumitomo Corporation ("SC"), through Sumitomo Corporation of Americas ("SCOA"), announced today its stake in OneSky Systems, Inc. ("OneSky" or "the company"), the leading developer of Unmanned Traffic Management (UTM) and Urban Air Mobility (UAM) platforms, designed to enhance mission planning with advanced safety-of-flight analysis. This investment aligns with our focus on air mobility in establishing innovative new transport services and will support OneSky's software development and scale their marketing capabilities.OneSky Systems, Inc. is an affiliate of Analytical Graphics, Inc. ("AGI"). OneSky develops unmanned aerial traffic management systems and analytics, which establish safe flight paths to prevent collisions between unmanned aerial vehicles. This kind of traffic management requires more advanced technical capabilities than traditional aircraft control systems. Through their intellectual property agreement, OneSky has exclusive acce
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