Honeywell Acquires Ballard Unmanned Systems.
Acquisition enters Honeywell into the hydrogen fuel cells market for unmanned aerial systems and broader aviation applications
Ballard Unmanned Systems will strengthen and expand Honeywell's unmanned aerial systems and urban air mobility product portfolio
Honeywell is acquiring the key intellectual property, inventory and equipment of Ballard Unmanned Systems. Ballard's team of fuel-cell experts will also join Honeywell as part of the acquisition.
'Adding Ballard Unmanned Systems to the Honeywell family is another example of our commitment to invest in the growing UAS segment,' said
Fuel cells function much like traditional batteries but with a key difference: They don't run out of power or need to be recharged. A fuel cell uses the chemical energy of hydrogen or another fuel to cleanly and efficiently produce electricity. Unmanned aerial systems powered by fuel cells can fly longer distances, are quiet and have zero greenhouse gas emissions.
Ballard Unmanned Systems' fuel cell power systems can run up to three times longer than batteries and are five times more reliable than small engines. Furthermore, unlike traditional gas engines that have carbon emissions, they utilize hydrogen, a clean source of energy.
With the added capabilities of Ballard Unmanned Systems, Honeywell intends to introduce a family of fuel cell power systems for a variety of UAS vehicles. Honeywell will also collaborate with
Honeywell offers certification expertise as well as a full line of avionics, propulsion and operational systems for unmanned aircraft and UAM vehicles. In June, the company launched a business dedicated to UAS and Urban Air Mobility. Additionally, in September Honeywell opened a new research and development lab to demonstrate the company's technological capabilities in both hardware and software for the UAS and UAM markets.
Terms of the deal were not disclosed, and there is no change to Honeywell's third-quarter 2020 outlook as a result of the acquisition.
About Honeywell
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
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